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Global Polyimide Films Market to Rise at a CAGR of 9% in the Forecast Period, Aided by the Extensive End-Uses
According to a new report by EMR titled, ‘Global Polyimide Films Market Report and Forecast 2022-2027’, the global polyimide films industry reached a value of USD 1.8 billion in 2020. The industry is further expected to grow at a CAGR of 9% in the forecast period of 2022-2027, driven by the increasing application across the end-use industries.
The extensive application of polyimide films in the electronics industry is augmenting the market growth for polyimide films. Polyimide films are perfect for managing electrical assemblies because of their thermal conductivity, lightweight, and high mechanical strength, driving the market growth. Polyimide films are being used in synchrotron beamlines of x-ray sources because of their thermal stability and radiation resistance in x-ray devices, driving market expansion. The growing popularity of 3D printing is driving up polyimide sheets as building surfaces to prevent manufacturing flaws, which is projected to drive market expansion. The ever-increasing need for lightweight automobiles to improve cost-effectiveness and fuel efficiency is predicted to increase the use of polyimide films in-vehicle electronic components, which will help the sector thrive in the future. Polyimide films are temperature and heat resistant, so they are essential for keeping flexible printed circuits (FPCs) functional, fuelling the industry's expansion. Furthermore, the flexibility of polyimide sheets makes them perfect for avoiding the wear and tear of wires. As a result, it is widely employed in various electronic devices, fuelling the growth of the polyimide films sector.
Polyimide films and tapes are used instead of glass in manufacturing mobile device displays because they are lighter, thinner, and harder to damage. Kaneka Corporation (TYO: 4118) announced in March 2020 that it had created colourless polyimide sheets for flexible electroluminescent (EL) displays, with sample shipments expected in the first half of 2020. Due to the introduction of next-generation electronic gadgets, which will result in increasing demand for flexible displays, the business anticipates the market for polyimide films to grow.
Market Analysis by Applications, End-Uses, and Regions:
- The significant applications include flexible printed circuits (FPC), speciality fabricated products, pressure-sensitive tape, wire and cable, and motor/generator.
- The end-uses are electronics, automotive, aerospace, and labelling, among others.
- The regional markets for polyimide films include North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
Key Findings of the Report:
- The growth of the aircraft industry is propelling the market forward by increasing demand for polyimide films to be utilised in multi-layered insulation to limit radiated heat transfer.
- The electronics segment is expected to grow due to rising disposable income and investment in innovative technologies.
- Increasing government and private sector investment in the automotive and aerospace, and defence industries are expected to boost demand in the future years.
- With acquisitions and joint ventures, the market for polyimide films is expected to increase exponentially.
Key Offerings of the report:
- The EMR report gives an overview of the global polyimide films market for the periods (2017-2021) and (2022-2027).
- The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for applications, end-uses, and major regions of polyimide films.
- It assesses the regional price trends for the (2017-2021) and (2022-2027) periods.
- The report analyses the market dynamics, covering the key demand and price indicators in the market, and provides an assessment of the SWOT and Porter’s Five Forces models.
The major players in the global polyimide films industry are Compagnie de Saint-Gobain S.A., E. I. Du Pont De Nemours and Company, Kolon Industries, Inc., Kaneka Corporation, and Taimide Tech, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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