Polyimide Films Market Research Report – Analysis and Growth Forecast to 2024
Global polyimide films market was valued at USD 2.1 billion in 2017 and is further expected to become USD 4.1 billion by 2024. The rapid increase in this market is attributed towards increasing applicability of these films in the manufacturing segment of electronics and semiconductor components. Polyimide films comprises of an exclusive amalgamation of thermal, electrical, mechanical and chemical properties that resist vibration and extreme temperatures. These films are gaining huge popularity owing to its innovative design solutions provided to several industries such as wind energy, consumer electronics, aerospace, industrial applications and automotive.
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Insight by End-User
On the basis of end-user market is segmented into electronics, aerospace, automotive, mining & drilling, labelling, medical, and food and beverage. Among these industries, the electronic segment is expected to witness fastest growth with a highest CAGR of 10.6% in terms of value during 2018-2024. Additionally, polyimide films offer exceptional insulation properties under rising temperatures and acquaintance to destructive chemicals. Moreover, these films provide outstanding chemical, temperature control and project flexibility to equipment and manufacturer developers. Henceforth, electronics end-use industry is the largest user of polyimide films market globally.
Geographically, Asia Pacific is expected to witness fastest growth of 10.8% in terms of value during the forecast period. The key countries that are attributing high demand for the polyimide films in the region include China, Japan, South Korea and India. The major factors that are driving the growth of this market include price deflation, increasing household incomes and upgradation of technology. Moreover, these factors are further expected to escalate the growth of this market for polyimide films during the forecast period. Additionally, increasing disposable income and price deflation in this region has elevated the consumer electronic products demand that is further expected to drive the growth of polyimide films market.
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Some of the major players operating in the global polyimide films market are Kaneka Corporation, Saint-Gobain S.A., E.I. Du Pont De Nemours and Company, Arakawa Chemicals Industries, Ltd., SKCKOLONPI, Inc., Yunda Electronic Materials Co., Ltd., Taimide Tech. Inc., I.S.T. Corporation, FLEXcon Company, Inc., and UBE Industries Ltd.
Global Polyimide Films Market Coverage
Application Insight and Forecast 2014 – 2024
- Flexible printed circuit
- Pressure sensitive tape
- Specialty fabricated product
- Wire & cables
- Motor / generator
End-User Insight and Forecast 2014 – 2024
- Mining & drilling
- Food & Beverage
Polyimide Films Market by Region
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of Latin America
Middle East and Africa
- South Africa
- Saudi Arabia
- Rest of Middle East and Africa