Polyimide Film Market is projected to be worth USD 3.0 billion by 2030, registering a CAGR of 5.6% during the forecast period (2021 - 2030).
Polyimide Film Market is expected to surpass the market value of over USD 2.4 billion by the year 2026 while registering a CAGR of 8.5% during the forecast period.
Polyimide films are synthetic films that are used due to their reliability and durability in operations, they are widely utilized for applications that undergo harsh environments. Polyimide films are manufactured by polymerizing the PMDA and ODA present in the strong solvents. The synthesizing procedures make the polyimide films more reliable and durable. Therefore the Polyimide films are capable of withstanding temperatures ranging between 269’c to 400’c. Polyimide films are utilized in a wide range of applications such as aerospace, automotive, electronics, and labeling industries. The Polyimide films are used by layering one upon the other and used as multi-layer insulation. They are also used as an optimal substrate for high-temperature applications in the electronic industry. The potential characteristics of the Polyimide films such as higher tensile strength, heat and chemical stability, lighter weight, and significant others make them more suitable for varied applications. The increasing number of industries and manufacturing facilities across the globe also presents lucrative opportunities for the polyimide film market growth.
The automotive industry is significantly driving the Polyimide film market growth in recent years. The increasing purchasing power of the developed countries such as China, India, and other Asia-pacific region combined with the developing infrastructure, the increasing demand for better connectivity across the region, and growing trading activities and commerce are propelling the automotive industry, which is stimulating the Polyimide film market growth.
COVID 19 Analysis:
COVID 19 pandemic has significantly affected the growth of several industries including automotive, electronics, labeling, aerospace, and many others. They are considered as the major end-user industries of the polyimide film industry. The decline of these industries and the disruption caused in their industrial activities has affected the overall growth of the polyimide film industry. The production rate of the polyimide films and the other industrial activities related to the polyimide films were interrupted.
For instance, there has been a huge reduction in the trading activities related to electronic goods, and the supply and demand disruption in electronic products such as wires, cables, and semiconductors were prominently affecting the polyimide film market growth. Similarly, several aircraft projects and aircraft-related manufacturing were reduced during the pandemic. Such factors have significantly affected the polyimide film market growth.
The growing energy demand has created a higher demand for the electronics industry, the technical innovations, and the emergence of smart devices such as 3D TVs, smart TVs, and tablets. The polyimide films are bonded to the copper foils used in these electronic devices and are used in printed circuit board manufacturing also. The potential characteristics such as lightweight, compactness, durability, and other physical properties of polyimide films make them more suitable for several electronic devices such as portable computers, panel boards, digital cameras, and so on. Such factors have augmented the overall growth of the polyimide film industry.
The potential characteristics of polyimide films such as tensile strength and resistance to mechanical stress and temperature make them suitable for several crucial applications across various industrial verticals. Especially automotive industries are incorporating polyimide films due to their lighter weight. The end-user industries are also finding alternatives for metals and glass while not compromising with price and performance. Such factors are considered as the major market drivers of polyimide film market growth.
The advent of transparent polyimide films in the industry for display and optoelectronics have eliminated the challenges faced due to conventional polymer films, as they are not fit for applications that include higher temperature. Such factors have presented favorable conditions for polyimide film market growth during the forecast period.
The inventions in smart devices in recent years have provided opportunities for the overall growth of the polyimide film industry. For instance, Flexible active-matrix organic light-emitting diodes displays are deployed in the electronics in the place of glass. They require solar cells and they have to undergo a higher temperature. Such factors have propelled the polyimide film market growth in recent years.
The cost incurred for manufacturing polyimide films, fabrication, selection of suitable monomers, and other processes are considered as the major market restraints of the polyimide film industry. On the other side, the monomers are not sufficient for the demand from applications. Such factors are hindering the overall growth of the polyimide film industry.
After the production processes of the polyimide films, the depolymerization processes for the end-user applications are making it more expensive and this factor is expected to hinder the overall growth of the polyimide film industry, as they are cheaper alternatives in the market.
Achieving thermal stability and chemical resistance through several processing methods and steps is time-consuming and require skilled professionals. For instance, the processing stages such as preparing resin mixture, synthesizing, polymerization, imine treatment, and other tests to check the resistance towards heat and other stresses require skilled professionals and sophisticated machines. This factor is considered as the major challenge for the overall growth of the polyimide film industry.
During the processing of the polyimide films, the key characteristic, such as heat resistance, chemical resistance prohibit them from getting soluble. This has forced to include other materials into the processing. Also, non-uniformity and poor adhesion, and other issues during manufacturing are considered major challenges for polyimide film market growth.
Cumulative growth analysis:
The polyimide films market value was at USD 1.6 billion in the year 2021 and it is expected to surpass the market value of over USD 2.4 billion by the year 2026 while registering a CAGR of 8.5% during the forecast period. This market size of the polyimide film industry is due to the increasing demand for transparent polyimide films and the intensive application of polyimide films in flexible printed circuits. The growing demand in the electronic industry and the higher demand for electronic devices are propelling the polyimide films market growth in recent years. The automotive, aerospace, labeling, and significant others are intensively utilizing polyimide films and due to the manufacturers are looking for alternatives of metal and glass. The displays and the electronic devices are utilizing the polyimide films as they remain stable even under higher temperatures.
Value chain analysis:
The increasing demand of the electronic industry and automotive industry combined with the higher investments in such industries are presenting favorable conditions of polyimide film market growth. Electronic products such as wires, cables, printed circuit boards, semiconductor motors, machines, medical equipment, tape-automated bonding, rotating machines, and others are gaining demand in recent years and increasing the polyimide film market value. Similarly, the developed healthcare industry in developed regions is also intensively utilizing polyimide films for manufacturing. Also, the Asia-pacific region due to the presence of raw materials and cheap labor is promoting the polyimide film market growth across the region.
The automotive industry is evolving in recent years and experiencing rapid growth due to innovations. The demand and productivity rates are rapidly increasing in the automotive industry. For instance, the demand for passenger vehicles, lightweight commercial vehicles, heavyweight commercial vehicles, and others are largely manufactured and completely relied on the polyimide films industry. On the other side, electronic equipment and parts such as capacitors, printed circuit boards, cable insulation, and others are also gaining higher demand due to the increasing inclination towards electronic devices. Such factors are considered as the major market drivers of polyimide film market growth.
Based on application:
Based on the end-use industry:
The Global Polyimide Film market share by end-use industry.
Source: MRFR analysis
Currently, the Asia-pacific region is holding market share due to the potential end-user industries. Growing demand in electronic industries including displays, mobiles, and others, and the increasing demand in automotive industries across the region are considered as two major market drivers of the polyimide film industry. Additionally, the leading market players are developing new products and bringing in inventions in recent times and customizing the products to increase sales and quality. Such factors are also propelling the overall growth of the polyimide films industry across the Asia-pacific region. Similarly, the economic growth in the countries and the trading activities are also largely impacting the growth of the polyimide film industry.
For instance, China is considered the largest producer of electronics and the major electronic products such as TVs, wires, cables, gaming systems, personal devices, and recording devices are projecting the polyimide film market growth in recent times. Also, the Chinese automotive industry is growing at a faster pace and had crossed the production rate of over 28% in the year 2019. With the advanced technologies and innovations, the automotive industry across China is growing and presenting a lucrative opportunity for the overall growth of the polyimide film industry.
February 2021- DuPont Electronics & Industrial unit, DuPont Interconnect Solutions, disclosed that the company’s USD 220 million extension project at the Circleville site is projected to be done in the second half of 2021.The investment will grow production of Pyralux flexible circuit materials, and Kapton polyimide film will guarantee a devoted supply is available to breach the rising worldwide demand in the consumer electronics, defense market, high-performing industrial, telecom, and automotive segments.September 2021- LG Chem has built the latest material for foldable displays, which is similarly hard to glass and can bend both ways without the creasing problem.As per the company statement, the “real folding window” could be utilized for surfaces of foldable smartphones and also several other portable devices.The latest material has equal hardness as glass as and more thinness than the already existing polyimide films. It is a plastic film coated with its coating technology, making it capable of withstanding stress from folding hundreds of thousands of times.In the year 2020, one of the leading market players, Von Roll Holding AG had introduced a solution named CDM and Durapol that is specially designed for printed circuit boards that had increased the overall production of Von Roll Holding AG.
In the year 2019, one of the leading market players, Kaneka Corporation has introduced a polyimide that is capable of resisting higher temperatures and it is named Pixel TM SR, which is capable of serving applications that involve higher frequency, high speed 5G and are increasingly deployed in the flexible print circuit board for 5G enabled smartphones.
This report has covered:
Based on application:
Based on the end-use industry:
|Market Size||2030: Significant value|
|CAGR||2020–2030 : 3.87% CAGR|
|Forecast Period||2020 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Application, End-Use Industry and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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.|
|Key Market Opportunities||The growing industrialization and urbanization in the developing regions have augmented the demand for various end-use|
|Key Market Drivers||The advantages such as tensile strength, heat and chemical stability, and lightweight are expected to drive the market growth|
The polyimide films market value was at USD 1.6 billion in the year 2021 and it is expected to surpass the market value of over USD 2.4 billion by the year 2026 while registering a CAGR of 8.5% during the forecast period.
Global Polyimide Film Market is dominated by APAC region.
• E. I. DuPont de Nemours and Company (US) • PI Advanced Material Co., Ltd. (South Korea) • Ube Industries Ltd.(Japan) • Taimide Tech. Inc. (Taiwan) • 3M Company (US) • Kaneka Corporation (Japan)
• Electronics • Automotive • Aerospace • Labeling • Solar
• Flexible Printed Circuits • Specialty Fabricated Products • Pressure-Sensitive Tapes • Motors/Generators