Polyimide Films Market Size
Polyimide Films Market size reached USD 2.61 billion in 2023 and is poised to exhibit over 6% CAGR between 2024 and 2032. Driven by the growing advancements in the aerospace sector.
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Polyimide films are high-performance polymer films possessing a range of excellent properties, such as lightweight, flexible, has excellent heat and chemical resistant properties which allow them to be deployed in various end-user industries. Polyimide film provides great dielectric qualities in addition to great heat resistant qualities. The usual uses for polyimide film include mega-layer insulating blanket for space,tapes, flexible electronics, and several other high heat applications.
Polyimide Films Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2023 |
| Polyimide Films Market Size in 2023 |
USD 2.61 billion |
| Forecast Period |
2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR |
6% |
| 2032 Value Projection |
USD 4.5 billion |
| Historical Data for |
2018 to 2023 |
| No. of Pages |
350 |
| Tables, Charts & Figures |
195 |
| Segments covered |
Application, End-use, and Region |
| Growth Drivers |
- Aeronautics and a growing satellite projection business are driving the market
- Light weight electrical appliances will boost market growth
|
| Pitfalls & Challenges |
- the high prices of advanced products
|
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Moreover, they are frequently used to insulate wires & cables of motors and generators. Due to their lightweight, these films are also used in the insulation of aircraft wires to offer significant weight savings. These films enable the development of compact & complicated assemblies that minimize size and weight. The demand for polyimide films is expected to rise owing to the growing demand for lightweight electronic Applications along with low power consumption.
Polyimide Films Market Analysis
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Applications requiring dependable, long-lasting performance, frequently in severe settings, call for the usage of polyimide film. Furthermore, it is possible to engineer and modify it to conform to specific physical specifications for mechanical, electrical, temperature, and chemical properties that will be subjected to the polyimide films market growth.
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Polyimide films, which has outstanding thermal characteristics, is a fascinating material for use in space applications. Charge storage and release, however, can be the cause of electrostatic discharges that are dangerous for the nearby electrical equipment due to their dielectric qualities. The conductivity, which is calculated from surface potential decay, the photoemission, and the capacity to start and spread surface flashover are the key characteristics that are typically noticed. Space charge storage analysis using the pulse electro-acoustic approach has been developed as an intriguing auxiliary tool for some time.
As a result of its good balance of mechanical, dielectric, and thermal properties, polyimide films are a common engineering polymer. Similarly, dimensional shrinkage of the polymer during imidization and post processing techniques, as well as the inability to customise electronic or mechanical properties, can make it difficult to manufacture polyimides into complex multifunctional designs.
In traction motors, generators & transformers, performance is usually hampered by the corona discharge, which can be averted by using polyimide films as a buffer. Along with strengthening traction motors and other essential parts of the automobile system, it also improves performance, thereby spurring polyimide films market expansion.
Additionally, polyimide films can have their surfaces modified to broaden the range of possible end uses. As the Application's intrinsic inertness and hydrophobicity make it unsuitable for use as substrate in the manufacturing of electronic devices, surface modification allows for the deposition of functional components using water-based fluids.
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Asia-Pacific polyimide films market surpassed USD 887.2 million in 2022. In terms of revenue, Asia-Pacific accounted for over 33% of the market share in 2022. On account of the developed & expanding automotive, electronics, and aerospace industries in the developed nations of the Asia-Pacific region, these areas is anticipated to demonstrate considerable growth.
Polyimide Films Market Share
Major industry players opeating in polyimide films narket are
- I.S.T Corporation
- Arakawa Chemical Industries Ltd.
- Kolon Industries, Inc.
- Anabond
- FLEXcon Company, Inc.
- Nitto denko corporation
- Mitsubishi gas chemical company inc.
- Kaneka corporation
- Arakawa chemical industries
- Taiflex scientific co. ltd
Polyimide Films Industry in News
- Due to increases in the cost of raw materials and transportation, Kaneka Corporation announced a change to the sales price for polyimide film in November 2021. For shipments made beginning on or after January 1, 2022, the cost will increase by 15% per square metre over the present rate
This polyimide films market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments
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By Application
- Flexible Printed Circuits
- Specialty Fabricated Applications
- Wires & Cables
- Pressure-sensitive Tapes
- Motors/Generators
By End User
- Electronics
- Automotive
- Aerospace
- Labeling
- Solar
- Mining & Drilling
- Medical
- Others
By Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Middle East
- South Africa
- Saudi Arabia
- UAE
- Egypt
