NEW YORK, April 23, 2019 (GLOBE NEWSWIRE) -- The global polyimide films market is expected to witness a CAGR of 10.6% to reach USD 3425 million by 2025. Perpetual demand for electronic products is expected to drive the market growth over the forecast period. Moreover, a superior property over substitute materials is anticipated to foster the demand for polyimide films in the coming years.
Polyimide is a dielectric material with favorable mechanical properties and good chemical resistance. Polyimide film has applications in the field of aerospace, automobiles, electronics, among many others. Polyimides thermal and mechanical versatility allows designers and engineers to design and create new products; the scope of applications of polyimide films is continuously increasing and is expected to drive the market growth in the coming years. Additionally, polyimide films can also be surface modified further increasing its array of applications. For instance, these films offer inherent inertness/hydrophobicity not allowing for the fabrication of electronic devices on the substrates, therefore, surface modification allows deposition of functional materials with water-based fluids. Collaboration of technologies between companies for commercialization of polyimide films is another factor giving impetus to the market growth. For instance, Arakawa Chemical Industries, Ltd. integrated its silica hybrid technology with the filming technology of Timeroid Tech Co., Ltd to produce polyimide films.
Key findings from the report:
- The global polyimide films market is expected to witness a CAGR of 10.6% to reach USD 3425 million by 2025.
- By end-user, electronics segment is anticipated to be the fastest growing market over the forecast period
- By applications, flexible printed circuit segment held the major share of the market in the year 2018
- Asia-Pacific held the major share of the market in the year 2018 owing to increasing population with rising per capita income
- Ubiquitous presence of manufacturers has led to the fragmented distribution of the APAC polyimide films market
- Some of the key companies operating in the market include E. I. du Pont de Nemours and Company; Kaneka Corporation; Saint Gobain S.A.; Arakawa Chemicals Industries Ltd; I.S.T. Corporation; Kolon Industries, Inc.; Shinmax Technology, Ltd; Toyobo Co. Ltd; 3M; and Toray Industries, Inc. among others.
Electronics segment: fastest growing market from 2019 to 2025
Based on end-user, the electronics segment is anticipated to experience the fastest growth over the forecast period. Owing to its thermal stability, electric insulation properties and high mechanical strength, polyimide films are widely employed for electronic applications in automotive and aerospace industries. Polyimide films have a wide array of applications in electronic industry, such as, wafer carriers, chip trays, electrical connectors, wire insulators, mobiles, computers, printer components, and hard disk drive components among others. Perpetual demand and increasing applications in the electronic industry is expected to drive the growth of this market over the forecast period.
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Polyimide Films - Regional insight
Asia-Pacific held the largest share of the market in the year 2018 and the trend is likely to continue over the forecast period. Major share of the growth can be attributed to China, India, South Korea, and Japan. Increasing population with rising per capita income has given impetus to the consumer electronics sector, this has resulted in tandem growth of the polyimide films market. Moreover, increased investment in aerospace sector has further led to the growth of this market. Furthermore, the advent of electric vehicles has propelled the market growth.
The report segments polyimide films market based on application, end-user, and region.
By Application
- Flexible printed circuit
- Motor & generator
- Wire & cables
- Specialty fabricated product
- Pressure sensitive tape
By End-User
- Aerospace
- Automotive
- Electronics
- Labeling
- Solar
- Medical
- Mining & Drilling
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Central & South America
- Middle East & Africa
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