The global polyimide film market was valued at $1.7 billion in 2020, and is projected to reach $3.0 billion by 2030, growing at a CAGR of 5.6% from 2021 to 2030.
Polyamide is found naturally in wool and silk, as well as synthetically in nylon, polyamide 6, and aramid. Polyimide film is used as a heat-resistance film material in motors of electric vehicles. Moreover, polyimide film is used as the principal wire and cable insulation in both military and commercial aircraft, space vehicle, and missile. This wide acceptance is due to its low smoke toxicity, low weight, high dielectric strength, chemical resistance, toughness, and high temperature stability.
The growth of the global polyimide film market is driven by increase demand from electronic industry and escalating demand from aerospace industry. The electronics industry is growing rapidly due to the rapid technological innovations in the sector. For instance, according to a report published by the National Investment Promotion & Facilitation Agency, the Indian electronics industry is expected to grow 6.5 times and is projected to reach $152 billion from $23.5 billion by 2025. Polyimide films exhibit enhanced insulation ability and temperature stability, which make them suitable for use as an insulating and protective layer on electrostatically sensitive and fragile electric components such as semiconductors, wires and cables, printed circuit boards, motors, and generators. In addition, the aerospace sector is witnessing significant growth majorly due to the presence of resources and intense R&D activities. Moreover, increase in foreign direct investment (FDI) inflow has created huge opportunities in the aerospace sector. Polyimide films are widely used in aerospace components such as principle wire and cable insulation, semiconductor, circuit boards, and others in commercial aircraft, missiles, and space vehicles. Thus, all these factors together are predicted to augment the demand for global polyimide films market.
However, the manufacturing process of polyimide films involves several stages such as preparation of resin mixture, synthesizing, polymerization, and imine treatment. These processes require skilled professionals and highly sophisticated machines to impart several significant properties such as high tensile strength, electrical insulation, high thermal stability, and excellent dielectric properties. Moreover, an additional reagent is required during the polymerization process. This makes the end product relatively expensive, thereby restraining the consumers from buying polyimide films. Furthermore, wide availability of cheaper substitutes such as high-density polyethylene (HDPE) films, and plastic films are available in the market, which has led to a low market penetration for polyimide films, thus hampering the growth of the polyimide film market.
Although the conventional polyimide films possess excellent optical transparency, they lack the flexibility that restrains their applications in advance optoelectronic engineering. However, the emergence of polyimide films with flexible substrates has widened the application of polyimide films in flexible active-matrix organic light-emitting diode (AMOLED) displays, replacing the hard glass with flexible substrates and making displays thinner, lighter, and less fragmented. This is projected to open new avenues for the market during the forecast period. Moreover, transparent polyimide films with the flexible substrate are widely employed in solar cells to withstand processing temperatures of over 300°C, which, in turn, makes it possible to produce high-efficiency solar cells. This is anticipated to increase the sales of transparent polyimide films with the flexible substrate in manufacturing solar cells, thus creating lucrative opportunities for the market.
The global polyimide film market analysis is done based on application, end use, and region. The applications covered in the study include flexible-printed circuit, pressure-sensitive tape, wire & cable, specialty fabricated product, and others. Depending on end use, the market is fragmented into electronics, automotive, aerospace, labelling, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global polyimide film market profiles the leading players that include Arakawa Chemical Industries Ltd., DuPont, FLEXcon Company Inc., Kaneka Corporation, KOLON Industries, Saint Gobain, SHINMAX Technology Ltd., Taimide Tech. Inc., Toray Industries Inc., and UBE Industries Ltd.
The global polyimide film market report provides in-depth competitive analysis as well as profiles of these major players.
2. DuPont
3. FLEXcon Company Inc.
4. Kaneka Corporation
5. KOLON Industries
6. Saint Gobain
7. SHINMAX Technology Ltd.
8. Taimide Tech. Inc.
9. Toray Industries Inc.
10. UBE Industries Ltd.
Polyamide is found naturally in wool and silk, as well as synthetically in nylon, polyamide 6, and aramid. Polyimide film is used as a heat-resistance film material in motors of electric vehicles. Moreover, polyimide film is used as the principal wire and cable insulation in both military and commercial aircraft, space vehicle, and missile. This wide acceptance is due to its low smoke toxicity, low weight, high dielectric strength, chemical resistance, toughness, and high temperature stability.
The growth of the global polyimide film market is driven by increase demand from electronic industry and escalating demand from aerospace industry. The electronics industry is growing rapidly due to the rapid technological innovations in the sector. For instance, according to a report published by the National Investment Promotion & Facilitation Agency, the Indian electronics industry is expected to grow 6.5 times and is projected to reach $152 billion from $23.5 billion by 2025. Polyimide films exhibit enhanced insulation ability and temperature stability, which make them suitable for use as an insulating and protective layer on electrostatically sensitive and fragile electric components such as semiconductors, wires and cables, printed circuit boards, motors, and generators. In addition, the aerospace sector is witnessing significant growth majorly due to the presence of resources and intense R&D activities. Moreover, increase in foreign direct investment (FDI) inflow has created huge opportunities in the aerospace sector. Polyimide films are widely used in aerospace components such as principle wire and cable insulation, semiconductor, circuit boards, and others in commercial aircraft, missiles, and space vehicles. Thus, all these factors together are predicted to augment the demand for global polyimide films market.
However, the manufacturing process of polyimide films involves several stages such as preparation of resin mixture, synthesizing, polymerization, and imine treatment. These processes require skilled professionals and highly sophisticated machines to impart several significant properties such as high tensile strength, electrical insulation, high thermal stability, and excellent dielectric properties. Moreover, an additional reagent is required during the polymerization process. This makes the end product relatively expensive, thereby restraining the consumers from buying polyimide films. Furthermore, wide availability of cheaper substitutes such as high-density polyethylene (HDPE) films, and plastic films are available in the market, which has led to a low market penetration for polyimide films, thus hampering the growth of the polyimide film market.
Although the conventional polyimide films possess excellent optical transparency, they lack the flexibility that restrains their applications in advance optoelectronic engineering. However, the emergence of polyimide films with flexible substrates has widened the application of polyimide films in flexible active-matrix organic light-emitting diode (AMOLED) displays, replacing the hard glass with flexible substrates and making displays thinner, lighter, and less fragmented. This is projected to open new avenues for the market during the forecast period. Moreover, transparent polyimide films with the flexible substrate are widely employed in solar cells to withstand processing temperatures of over 300°C, which, in turn, makes it possible to produce high-efficiency solar cells. This is anticipated to increase the sales of transparent polyimide films with the flexible substrate in manufacturing solar cells, thus creating lucrative opportunities for the market.
The global polyimide film market analysis is done based on application, end use, and region. The applications covered in the study include flexible-printed circuit, pressure-sensitive tape, wire & cable, specialty fabricated product, and others. Depending on end use, the market is fragmented into electronics, automotive, aerospace, labelling, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global polyimide film market profiles the leading players that include Arakawa Chemical Industries Ltd., DuPont, FLEXcon Company Inc., Kaneka Corporation, KOLON Industries, Saint Gobain, SHINMAX Technology Ltd., Taimide Tech. Inc., Toray Industries Inc., and UBE Industries Ltd.
The global polyimide film market report provides in-depth competitive analysis as well as profiles of these major players.
Key benefits for stakeholders
- The report outlines the current trends and future estimations of the market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
Key market segments
By Application
- Flexible-printed Circuit
- Pressure-sensitive Tape
- Wire & Cable
- Specialty Fabricated Product
- Others
By End-Use
- Electronics
- Automotive
- Aerospace
- Labelling
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
KEY PLAYERS in the global polyimide film market are:
1. Chemical Industries Ltd.2. DuPont
3. FLEXcon Company Inc.
4. Kaneka Corporation
5. KOLON Industries
6. Saint Gobain
7. SHINMAX Technology Ltd.
8. Taimide Tech. Inc.
9. Toray Industries Inc.
10. UBE Industries Ltd.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POLYIMIDE FILM MARKET, BY APPLICATION
CHAPTER 5: POLYIMIDE FILM MARKET, BY END USE
CHAPTER 6: POLYIMIDE FILM MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Arakawa Chemical Industries Ltd.
- DuPont
- FLEXcon Company Inc.
- Kaneka Corporation
- KOLON Industries
- Saint Gobain
- SHINMAX Technology Ltd.
- Taimide Tech. Inc.
- Toray Industries Inc.
- UBE Industries Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 246 |
| Published | October 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 1.7 billion |
| Forecasted Market Value ( USD | $ 3 billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
