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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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.
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.
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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