The polyimide films market is to cross USD 3 billion mark by 2028 at a CAGR of more than 11%. Demand for this industry is being driven by advancements in aerospace technology and development in the electronics market. Increased consumer electronics product demand, such as cell phones and flexible displays, is also expected to have a positive impact on the industry. Due to breakthroughs, developments, and studies expanding the product application reach, the market is expected to develop at a high rate over the forecast period. Automobiles, ships, electrical and electronics, marking, and, most notably, safety systems all use the goods.
Polyimides are polymers which are obtained by polymerization through imine treatment and film forming at escalated temperatures. Its ability to retain characteristics such as strength, creep resistance, and dimensional stability at high temperature have proliferated its application across wires & cables, motors, generators, and pressure sensitive tapes. Further, its low wear rates combined with working efficiency in rough conditions further expands its application for wear and friction applications.
These films exhibit improved dielectric properties and have a low thermal expansion coefficient which enhances operational life and reduces maintenance cost, which in turn is stimulating the industry growth. Growing capabilities across the electronics industry along with rising demand form aerospace industries for high performing materials is stimulating the industry size. In addition, rising penetration of automobiles across developing countries is further fueling the product demand.
Global polyimide films market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018 to 2019, with the base year of estimation as 2020 and forecast from 2021 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market based on porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global polyimide films market have been studied in detail.
The leading players operating across the global Polyimide Films market include Taimide Tech. Inc., DuPont, Saint-Gobain, Toray Industries, Inc., Mitsubishi Gas Chemical Company Inc., and UBE Industries Ltd., including others. The market for Polyimide Films is consolidated with established global players and is further witnessing the emergence of new companies. Moreover, the industry players are targeting toward enhancing their market share through implementation of merger & acquisition, collaborations growth strategies
Key Segments of the Global Polyimide Films Market
Application Overview, 2018-2028 (USD Billion)
- Specialty Fabricated Products
- Flexible Printed Circuits
- Pressure Sensitive Tapes
- Wires & Cables
End-Use Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Central & South America
- Rest of Central & South America
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa