4th November 2019 – Global Polyimide
Film Market is estimated to reach USD 3.12 billion by 2025 owing to the
revolutionary advancements in automobile and aerospace industry concerning to
high-end quality products. Polyimide (PI) films contain polyimide and polymer
of imide monomer finds their use in harsh environments to assure reliability
and durability. They are highly known for their features like high chemical
resistance, temperature resistance and high dielectric constant.
Due to these properties, PI films are
used in manufacture of heat resistant electronic components like pressure
sensitive tapes, flexible printed circuits (FPC) and wires. Several polyimide
film products are available that possess unique combination of properties that
make it ideal for a variety of applications in multiple industries. Owing to
these characteristics, polyimide films market is predicted grow at a CAGR of
8.6% in near future.
The use of polyimide films are impacted
by the increase in demand for electronic products across the world. These films
are used in manufacturing of flexible circuits that are deployed in several
consumer electronic like laptops and smartphones. These films also witness a
broader scope in the aerospace industry due to their lightweight feature that
helps in fuel saving & improving engine performance. Owing to these
properties, polyimide film industry is predicted to gain a greater traction.
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The growing consumer electronic products
that are light in weight is projected to stimulate the market growth in the
years to come. Wireless communication and flexible displays are anticipated to
offer lucrative opportunities for the growth of polyimide films industry in the
coming years. However, the market is expected to face obstacles due to high
costs of manufacturing of polyimide films since they are produced through film
casting techniques that require high temperature.
Polyimide film market growth will also
be restrained from the poor hydrolysis resistance of polyimide films in near
future since polyimide films are comparatively low efficient in the humid
weather. At present, the major market players are focusing on increasing
research & development activities for improved manufacturing of polyimide
films. Mergers, strategic collaborations, and acquisitions are key strategies
followed by major companies in order to increase their regional presence
Polyimide film industry is categorized
on the basis of application, end-user and geography. On the basis of
application, the market is divided into Flexible Printed Circuit, Specialty
Fabricated Product, Pressure Sensitive Tape, Motor/Generator, and Wire &
Cable. On the basis of end-user, polyimide film market is classified into
Electronics, Automotive, Aerospace, Labelling, Medical, and mining &
Drilling. Geographically, the market is segmented as North America, Latin
America, Asia Pacific, Europe, and Middle East & Africa. Asia pacific is
projected to dominate the market in the coming years due to the high demand for
consumer electronics.
Some of the major players operating in
the polyimide film industry are Arakawa Chemicals Industries Ltd., SKCKOLONPI,
Inc., E.I. Du Pont De Nemours and Company, FLEXcon Company, Inc., Kaneka
Corporation, Saint-Gobain S.A., Taimide Tech. Inc., Ltd., I.S.T. Corporation,
UBE Industries Ltd., and Yunda Electronic Materials Co.
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