IMARC Group's report titled “Polyimide Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global polyimide film market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.
Polyimide films exhibit an excellent balance of physical, chemical, and electrical properties and superior dimensional stability at a wide range of temperature. In line with this, they withstand the damaging effects of corona discharge and provide improved service life and operational efficiencies over conventional insulation materials. Consequently, polyimide films are extensively utilized as an insulating material in the manufacturing of flexible printed circuit boards (PCBs) and semiconductors. They also find applications as a dielectric substrate to produce flexible solar cells with high thermal stability, maximum efficiency and yield, enhanced toughness, optimal flexibility, etc.
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Polyimide Film Market Trends and Drivers:
The escalating demand for push rings, marker bands, cardiovascular catheters, angioplasty, neurological devices, and drug delivery systems, on account of the growing number of surgeries, is primarily driving the polyimide film market. Additionally, the increasing consumer environmental concerns and the launch of favorable policies by government bodies across countries for encouraging the installation of solar panels by providing incentives and subsidies are further catalyzing the market growth. Besides this, the widespread adoption of polyimide films to manufacture high-performance medical devices, owing to their various benefits, such as flexibility, transparency, biocompatibility, low friction, tight tolerances, high tensile strength, etc., is acting as another significant growth-inducing factor. Moreover, they are also utilized in different areas, ranging from circuits for cameras on space missions to the next generation photovoltaic (PV) cells, thereby positively influencing the global market. Apart from this, the inflating need for smart devices and other electronics is augmenting the market growth. Furthermore, leading manufacturers are introducing novel methods to obtain polymeric nanocomposites with improved performance, reliability, durability, and strength, which is anticipated to fuel the polyimide film market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Application:
Flexible Printed Circuit
Wire and Cable
Pressure-Sensitive Tape
Specialty Fabricated Product
Motor/Generator
Others
Breakup by Distribution Channel:
Specialty Stores
Online Stores
Others
Breakup by End Use:
Electronics
Aerospace
Automotive
Labelling
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Arakawa Chemicals Industries Ltd
Compagnie de Saint-Gobain S.A.
Flexcon Company Inc.
I.S.T Corporation
Kaneka Corporation
Kolon Industries Inc.
Shinmax Technology Ltd
Taimide Tech Inc.
Toray Industries Inc
UBE Industries Limited.
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