Polyimide Film Market - Research on Present State & Future Growth Prospects by 2023

Market Overview:

Polyimide Films are used in various end-user industries such as automobile, aerospace, healthcare, and electrical and electronics among others. The growing demand from the developing region across the globe is the major factor driving the Global Polyimide Films Market. The growing government investments in the development of retail sector coupled with the augmenting demand from the automobile sector are other factors contributing to the growth of the market. Among the various end-user industry electrical & electronics is the dominant segment and expected to show the same trend during the forecast years. The properties such as high tensile strength, thermal stability, lightweight and flexibility make them ideal for the use of laptops, mobile phones, Cam recorders, and other display devices.

Competitive Analysis:

Some of the Prominent Players Operating in the Global Polyimide Film Market are E. I. du Pont de Nemours and Company (U.S.), TORAY INDUSTRIES, INC. (Japan), SKC Kolon PI (South Korea), Kaneka Corporation (Japan), Ube Industries LTD (Japan), Taimide Tech Inc. (Taiwan), Arakawa Chemicals Industries Inc. (Japan), Shinmax Technology Ltd. (Taiwan), FLEXcon Company Inc. (U.S.), and Saint-Gobain SA (France) among others.

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Market Scenario:

Among the various application segment, the flexible printed circuit was the leading one followed by wires & cables in 2016 and is anticipated to exhibit the same trend during the forecast period. The growing demand for flexible printed circuits in the electronic products is the major factor positively driving the market. The developing retail sector in the emerging economies has made the availability of consumer electronics easier which is another factor augmenting the demand for flexible printed circuits. Wire & cables are extensively used in the aerospace and the automobile industry. High strength, thermal & chemical resistance, flammability, and solvent resistance are some of the major properties attributing to the growing demand for the segment. Among the various end-use industries electrical and electronics accounts for over 30% of the market share and is expected to continue leading during the assessed years. Moreover, the automobile industry is expected to be the second largest end use industry, and aerospace is anticipated to be the fastest.  Aerospace is anticipated to be an emerging segment with the considerable CAGR during the forecast period.

Market Segmentation:

Global Polyimide Film Market is segmented into the Application and End-Use Industry.

On the basis of the Application, the global market is segmented into the flexible printed circuit (FPC), specialty fabricated product, pressure sensitive tape, wire & cable, motor & generator and others.

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On the basis of End-User Industry, Global Polyimide Film Market can be further segmented into electronics, aerospace, automotive, labeling, medical, mining & drilling, and others.

Regional Analysis:

Global Polyimide Films Market is spanned across five key regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, Asia Pacific is the leading market and was accounted for revenue of over 35% in 2016. The developing end-user industries in the region such as electronics and automotive are expected to fuel the market growth. Moreover, the favorable government regulation coupled with growth in the retail sector is another factor responsible for market growth. The major counties attributing to the growth of Polyimide Films in this region are India, China, and Japan. North America is anticipated to be the second largest market during the assessed years. The developed industries along with the increasing adoption rate are surging the demand for Polyimides Market in the region.

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Polyimide Film Market Research Insights, Business Outlook, Company Profiles, Trends and Forecast 2019-2023

Advances in Foldable Technology to Expand the Application Base of Polyimide Film

Global Polyimide Film demand is on the rise. Market Research Future (MRFR) in its report has revealed that the Global Polyimide Film Market will witness a strong growth over the next couple of years. Polyimide film being a flexible and lightweight material finds widespread application in the electronics sector for manufacturing of cables, digital semiconductors, chips, wires etc. In the forthcoming years, Polyimide Film is expected to find new application opportunities. Polyimide film has high tensile strength, and chemical and heat stability.

Competitive Landscape:

MRFR in its market study found a number of companies with significant stakes in the Global Polyimide Film Market namely TORAY INDUSTRIES, INC. (Japan), Kaneka Corporation (Japan), Taimide Tech Inc. (Taiwan), Shinmax Technology Ltd. (Taiwan), E. I. du Pont de Nemours and Company (U.S.), Saint-Gobain SA (France), SKC Kolon PI (South Korea), FLEXcon Company Inc. (U.S.), Ube Industries LTD (Japan) and Arakawa Chemicals Industries Inc. (Japan).

Industry News:

Chemical giant DuPont is reportedly set to splash $220 Mn to expand production capacity in its specialty films manufacturing facility in Circleville, Ohio. This move is expected to boost the production of Pyralux-brand flexible circuit materials and Kapton-brand polyimide film. The move has been prompted by the growing market demand in telecom and defence consumer electronics, and automotive.

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SK Innovation, a South Korean refining and chemical company has recently introduced a new flexible film “Flexible Cover Window”, which cater to foldable devices. The film has been specifically developed to protect displays and viewed as an important component of foldable devices.

Global Polyimide Film Market: Segmental Overview

The Segmental Analysis of the market has been conducted based on End-Use Industry, Application and Region.

Based on End-User Industry, the market has been segmented into aerospace, labelling, mining & drilling, electronics, medical, automotive and others. The electrical & electronic segmented is projected to demonstrate a relatively higher CAGR during the assessment period (2017-2023). High penetration of laptops, electronics displays, mobile phones in both advanced countries and price-sensitive consumer markets characterises the segment dominant position. In addition, the segment is expected to highly profitable during the assessment period.

Based on Application, the market has been segmented into specialty fabricated product, wire & cable, flexible printed circuit (FPC), pressure sensitive tape, motor & generator and others. Of these, the flexible printed circuit (FPC) segment is expected to witness a strong growth during the assessment period. Constant advances in foldable technology is fuelling the demand flexible printing circuit. FPC are witnessing a fast uptake in product such as mobile phones, scanners, recorders, laptops, avionics systems, printers, jet cartridges among others. In terms of revenue, the wire and cable segment hold the second spot and is expected to witness sound growth in the forthcoming years.

Global Polyimide Film Market: Regional Segmentation

Based on Region, the market has been segmented into Latin America, North America, the Middle East & Africa (MEA), Europe and Asia Pacific (APAC). In terms of revenue, the Global Polyimide Film Market is currently dominated by Asia Pacific. Countries such as Japan, China and India are expected to market significant contribution to the APAC Polyimide Film Market. Strong government support and favourable business climate is helping the market climb fast in APAC. North America is the other major market for Polyimide Films. A massive end-use sector continues to fuel the demand for Polyimide Film in the region. Moreover, the product gaining popularity in the U.S. military and defence sector. Europe is also expected to present attractive market opportunities during the forthcoming years. In Europe, market demand is expected to come from healthcare, automobile and electrical & electronics.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Polyimide Film Market 2019 Sales, Revenue, Gross Margin, Market Share by Top Companies 2023

Synopsis of Polyimide Film Market:

Polyimides are also known as PI - a polymer of amide monomers. Polyimides possess excellent properties such as thermal stability, enhanced mechanical properties, and good chemical strength among others. They are also lightweight, and flexible which makes them suitable for their use in the electronic industry for cables, chips, digital semiconductors, and magnetic wires among others. The demand from the end use industries is a vital factor driving the growth of the Global Polyimide Film Market. Some of the major applications of Polyimide Film include flexible printed circuit, specialty fabricated product, pressure sensitive tape, wire & cables, and motor among others. The growing industrialization and urbanization in the developing regions have augmented the demand for various end-use, which, in turn, is expected to experience substantial growth in the market during the assessed years.

The Global Polyimide Film is a lucrative market and is expected to expand at a considerable CAGR during the forecast years. The advantages such as tensile strength, heat and chemical stability, and lightweight are expected to drive the market growth, positively.

Among the various application flexible printing circuit is anticipated to show the highest growth during the forecast period. This growth is attributed to the growing demand for flexible printing circuit from the electronic and automobile industry. Flexible printing circuits are used extensively in the laptops, mobile phones, jet cartridges, scanners, printers, recorders, and avionics systems among others. Moreover, wire and cable segment was the second largest segment in 2016 and is expected to exhibit the same trend during the forecast period.

In the End User Industry, the electrical & electronic industry is expected to be the largest segment and is expected to grow at a considerable CAGR. The growing use of consumer electronics such as laptops, mobile phones, and electronic displays among others mainly from the developing region is expected to contribute substantially to the market growth.

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Segmental Analysis:

The Global Polyimide Film Market is segmented into the Application and End-Use Industry.

On the basis of the Application, the global market is segmented into the flexible printed circuit (FPC), specialty fabricated product, pressure sensitive tape, wire & cable, motor & generator and others.

On the basis of the End-User Industry, the Global Polyimide Film Market can be further segmented into electronics, aerospace, automotive, labeling, medical, mining & drilling, and others.

Key Players:

Some of the prominent players operating in the Global Polyimide Film Market are E. I. du Pont de Nemours and Company (U.S.), TORAY INDUSTRIES, INC. (Japan), SKC Kolon PI (South Korea), Kaneka Corporation (Japan), Ube Industries LTD (Japan), Taimide Tech Inc. (Taiwan), Arakawa Chemicals Industries Inc. (Japan), Shinmax Technology Ltd. (Taiwan), FLEXcon Company Inc. (U.S.), and Saint-Gobain SA (France) among others.

Regional Analysis:

The Polyimide Film Market is segmented across five regions: Europe, Latin America, Asia Pacific, North America and the Middle East & Africa. Among these, Asia Pacific is anticipated to exhibit the highest growth with a considerable CAGR during the forecast period. The rapid growth in the industries mainly in Japan, India, and China is fuelling the growth of Polyimide Film in the Asia Pacific region. Moreover, the favorable government regulation such as incentives and tax benefits has attracted many industry players to enter the lucrative market of Asia Pacific, which, in turn, is fuelling the market growth. Furthermore, the growing electronic and automobile sector in Japan and China is also anticipated to boost the demand for Polyimide Films in the region. According to the Statistical, the sale of electronics in December 2017 in China accounted for around 101 billion Yuan. North America is another dominant region in the market for Polyimide Film. The developed end-user industries such as electronics, automobile, aerospace among others are significantly driving the market growth. Moreover, the growing investment in the defense and aerospace industry mainly in the U.S and Canada is also positively contributing to the growth of the market.

Europe is a lucrative market due to the developed electrical & electronics, medical and automobile sector. The major countries contributing to the growth of the market are Germany, Italy, France, and the U.K among others. Moreover, the developed healthcare industry in the region has propelled the use of Polyimide Films owing to its high tensile strength and temperature resistance.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
+1 646 845 9312
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Polyimide Film Market 2018 Growth Rate, Revenue, Manufacturers, Customer Needs and Forecast to 2023

Market Scenario

The Global Polyimide Film Market is estimated to register 25 % CAGR during the forecast period (2017-2023) owing to the growing demand from the automobile sector, asserts Market Research Future (MRFR). Polyimide Films are used in several end-user industries like aerospace, automobile, electrical & electronics, and healthcare. Polyimide possess properties such as thermal stability, high tensile strength, flexibility, and lightweight, which makes them ideal for mobile phones, laptops, cam recorders, and other display devices. The lightweight and flexible nature make them ideal for use in the electronic industry such as digital semiconductors, cables, chips, and magnetic wires.

Industry News

October 11, 2018: The Micro-Measurements brand of Vishay Precision Group, Inc. has recently introduced the W2A Series IPX8S rated, waterproof strain gages that offer complete protection in applications where exposure to water is high. The W2A provides long-term defense from water-exposure, allows for immediate and thorough protection in field environments, and resists harmful chemicals.

Competitive Dashboard

The major players operating the global market are Kaneka Corporation (Japan), Shinmax Technology Ltd. (Taiwan), Ube Industries LTD (Japan), Taimide Tech Inc. (Taiwan), SKC Kolon PI (South Korea), Arakawa Chemicals Industries Inc. (Japan), TORAY INDUSTRIES INC. (Japan), E. I. du Pont de Nemours and Company (U.S.), FLEXcon Company Inc. (U.S.), Saint-Gobain SA (France), and others.

Drivers and Constraints Impacting the Market

The rapid urbanization and industrialization have triggered the demand for various end-use, which is anticipated to stimulate the Global Polyimide Film Market during the forecast period. With the growing demand for Polyimide Films from the automobile sector coupled with increased government investment in the development of the retail sector is likely to contribute to the growth of the market globally. High demand from the electronics industry is presumed to drive the Polyimide Market to a great extent. Polyimide Films are extensively used in the electronics sector for applications such as recording devices, electrical wires, and cables.

On the Flip Side, high cost is incurred in processing of the Polyimide Films as these films are produced through film casting techniques and require high temperature. Also, poor resistance of Polyimide Films to hydrolysis makes the application of Polyimide Films complex in humid weather, which further restrains the market growth during the assessment period.

Global Polyimide Film Market: Segmental Analysis

The Global Polyimide Film Market has been segmented on the basis of End-Use Industry, Application, and Region.

By Mode of Application, the Global Polyimide Film Market has been segmented into specialty fabricated product, wire & cable, pressure sensitive tape, motor & generator, flexible printed circuit (FPC), and others. Among these, the FPC segment is estimated to register the highest growth due to increasing demand from the automobile and electronics industry. They are highly used in mobile phones, laptops, scanners, printers, avionics systems, and others.

By Mode of End-Use Industry, the Global Polyimide Film Market has been segmented into mining & drilling, aerospace, electronics, medical, labeling, automotive, and others. Among these, the electrical & electronics segment is estimated to hold the largest share and is anticipated to expand at a considerable CAGR. The growth is attributed to the increasing use of consumer electronics such as mobile phones, laptops, and electronic displays.

Regional Insights

Geographically, the Global Polyimide Film Market span across five regions namely, North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa.

Among all the regions, Asia Pacific is estimated to register the highest growth with a considerable CAGR owing to the growth in industries especially in countries like India, Japan, and China. Also, favorable government regulations such as tax benefits and industries have attracted industry players to enter the market, thus fueling the market growth at a global platform. Also, the rising automobile and electronic sector in Japan and China are estimated to contribute towards the market growth.

Europe is presumed to be a lucrative market owing to the developed electrical and electronics, automobile, and medical sector. Moreover, the presence of major countries such as France, Germany, Italy, and the U.K. are anticipated to contribute to the market growth. The developed healthcare industry has also triggered the demand for Polyimide Films.

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