The
global Polyimide
Film Market size is expected to reach USD 4.12 billion by 2030,
according to a new report by Grand View Research, Inc. The market is expected
to expand at a CAGR of 7.8% from 2023 to 2030, due to the rising demand for
compact & energy-efficient flexible electronics. The demand for polyimide
film is expected to rise with the growing demand for lightweight electronic
products along with low power consumption. Owing to the properties of flexible
electronic devices such as being cost-efficient, shock resistant, and flexible,
they can be integrated into portable devices, smart clothing, and other
consumer electronics. These factors are likely to create demand for polyimide
films in various end-uses including labeling, electronics, automotive,
aerospace, and others.
Various
national entities have dedicated a substantial amount of monetary support to
research efforts, predominantly in the U.K., Netherlands, Germany, and Finland.
Regional governments continue to offer infrastructure and financial support to
numerous innovation clusters. Furthermore, in the U.S., the federal government
supports generic & basic research along with providing essential
infrastructure. The department of defense in North America recognized the
manifold potential of flexible electronics technology in defense applications
and had been providing funding for R&D. Increasing funding and R&D
activities from government bodies are projected to develop the polyimide films
industry demand at a significant growth rate over the forecast period.
Polyimide
films are widely used in electronics and flexible displays. Growth in the
electronic market along with the requirement and compactness for conservation
of energy in the manufacturing of products boosts the polyimide films
application scope. Polyimide films possess strong electromechanical
capabilities that enable their usage in applications involving high
temperatures and challenging environmental factors. Due to the high strength
and great formability of polyimide sheets, electronics manufacturers can create
products that are small, robust, strong, and energy-efficient.
Additionally,
technological development in the automotive field with improvement in
infrastructure is creating more demand for automobile products. China is the
largest automobile market in the world both in terms of demand and supply.
Japan and India are the top 10 largest markets for automobiles which creates a
huge demand for polyimide films. Demand in APAC and U.S. for automobiles is
expected to drive the polyimide film market with APAC being the dominant player.
Related Press
Release@ Polyimide
Films Market Report
List of Key Players in Polyimide Film Market
- DuPont
- Compagnie de Saint-Gobain
- Kolon Industries, Inc.
- KANEKA CORPORATION
- Taimide Tech. Inc.
- FLEXcon Company, Inc.
- Arakawa Chemical Industries Ltd.
- Anabond
- Goodfellow
- I.S.T Corporation
Polyimide Film Market Report Highlights
- In terms of
revenue, the automotive in end-use segment accounted for a prominent share
of the market in 2022 and is further expected to witness prominent growth
over the forecast period
- Flexible
printed circuit applications dominated the market and accounted for more
than 66.0% of the revenue share in 2022. The growing number of electrical
components in the automotive, aerospace, and industrial sectors. is
expected to boost the acrylonitrile butadiene styrene in flexible printed
circuit applications
- As of 2022,
North America accounted for more than 33.0% of the market share in terms
of revenue. The polyimide films market in this region is projected to
witness strong growth over the coming years owing to the developed
automotive, electronics, and growing aerospace industries in developing
countries such as the U.S., Mexico, and Canada
- Major top
players are continuously working on developing their manufacturing plants
owing to the increased usage of polyimide films in the automotive
industry. For instance, In February 2022, PI Advanced Materials, a South
Korean company that manufactures the majority of the polyimide films used
to package electric vehicle batteries and other IT components, is offered
for sale and might fetch more than USD 1 trillion in the deal
Polyimide Film Market Report
Scope
|
Report Attribute |
Details |
|
Market size value in 2023 |
USD 2.43 billion |
|
Revenue forecast in 2030 |
USD 4.12 billion |
|
Growth rate |
CAGR of 7.8% from 2023 to 2030 |
|
Base year for estimation |
2022 |
|
Historical data |
2018 - 2021 |
|
Forecast period |
2023 - 2030 |
Related Reports@
Plastic Films And Sheets Market
Polyimide Film Market Segmentation
Grand
View Research has segmented the global polyimide films market based on
application, end-use, and region:
Polyimide Film Application Outlook (Volume, Kilotons;
Revenue, USD Million, 2018 - 2030)
- Flexible
Printed Circuit
- Wire &
Cable
- Pressure
Sensitive Tape
- Specialty
Fabricated Product
- Motor/Generator
Polyimide Film End-use Outlook (Volume, Kilotons;
Revenue, USD Million, 2018 - 2030)
- Electronics
- Aerospace
- Automotive
- Labelling
- Others
Polyimide Film Regional Outlook (Volume, Kilotons; Revenue,
USD Million, 2018 - 2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Asia Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Argentina
- Middle East
& Africa
- GCC
Countries
- South
Africa
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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