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Polyimide Films Market Overview
Polyimide
Films Market size is forecast to reach $2.1 billion by 2026, after growing at a
CAGR of 7.9% during 2021-2026. Polyimide films are the preferred
solution to insulate aerospace wires, traction motor coils, high temperature
wires, pressure sensitive tapes and flexible printed circuits. Polyimide films
are widely employed for electronic applications in aerospace and automotive
industry due to its excellent mechanical strength, electrically insulating
properties and thermal stability. In addition, copper foil is even commonly used as an electric
conductor for circuit boards, batteries and solar energy appliances.
Polyimide film has superior temperature adaptability which is boosting the demand of polyimide
films in various end use industries like aerospace, medical, automobile, and
labeling. The electronic sector got highly
affected in the entire market due to COVID 19. Due to lockdown the consumer
electronic products sales were down in 2020. For instance, according to the
“Institute of Electronical and Electronic Engineers (IEEE) Consumer Electronic
Society” the smartphone was shipping for 1.6 billion unites in every year, but
in 2020 its shipments dropped by 20%. Thus, major production markets, supplies
of electronic goods are affected in lockdown, which affected the polyimide
films market growth.
Report Coverage
The
report: “Polyimide Films Market –
Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the
following segments of the Polyimide Films Industry.
By
Application: Flexible Solar
Cells, Flexible Printed Circuits, High Density Interconnects, Wires &
Cables, Integrated Circuits, Tape Automated Bonding, Insulating Circuit Boards,
High-Temperature Powder Coating, Pressure Sensitive Tape, Bar Code Labels, Motor
Slot Liners, and Others.
By End Use industry: Aerospace
& Defense, Automotive (Passenger Vehicles, Light Weight Commercial Vehicle,
Heavy Weight Commercial Vehicles), Electronics (Capacitors, Printed Circuit Boards, Cable Insulation, Others), Labeling, Medical, Mining,
and others.
By
Geography: North America
(U.S, Canada, and Mexico), Europe (U.K., Germany, Italy, France, Spain,
Netherlands, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India,
South Korea, Australia, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific),
South America (Brazil, Argentina, Colombia, Chile, and Rest of South America),
and RoW (Middle east and Africa).
Key Takeaways
- Increasing demand from the electronics industry due to superior thermal & mechanical properties and high dielectric strength insulation of polyimide films is driving the growth of polyimide films market.
- According to India Brand Equity Foundation (IBEF), the Appliances and Consumer Electronics Industry (ACE) is expected to reach Rs. 1.48 lakh crore (US$ 21.18 billion) by 2025. Thus, increasing demand of polyimide film in electronic sector is expected to grow the polyimide films market.
- Polyimide films have excellent balance of physical, chemical and electrical properties over a wide temperatures range, with superior dimensional stability at elevated temperatures.
- Polyimide has high optical transparency and transmittance along with a high thermal resistance, which proves to be essential for fabricating flexible displays as the operating temperatures are usually above 300° C and most other optical polymers.
Figure: Asia Pacific Polyimide Films Market Revenue, 2021-2026 (US$ Billion)
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Polyimide Films Market Segment Analysis – By Application
Flexible printed
circuits segment held the primary application of polyimide films market, followed by
pressure sensitive tapes in 2020 due to high thermal stability, toughness and
flexibility. Polyimide film is suitable for printing of circuit card and high density
interconnects cables. Polyimide film can be used as
high-temperature adhesive, mechanical stress buffers, and as a film to support
micronized circuitry. It is widely used in the manufacture of electronic cables
as an insulating film on the magnet wire. Increasing demand of copper foils
for mobile phones and flat panel displays is expected to influence polyimide
films market.
Polyimide Films Market Segment Analysis – By End Use Industry
Electronic
sector held the largest share in polyimide film market in 2020, and is growing
at a CAGR 2.7% in 2021, owing to wide usage of polyimide materials
in the sector and due to extensive properties such as lightweight, flexible, and
resistant to heat & chemicals. Polyimide films with copper foil is widely used
as flexible printed circuits, used for flexible cables and as an
insulating film on magnet wire. Polyimide films are engineered for long
term performance at extreme temperatures between -450o F to over 500o
F over extended periods of time.
So, it has extreme thermal stability and is therefore
widely used in electronics industry. For instance, according to India Brand
Equity Foundation (IBEF), The National Policy (DNP) targets production of
1 billion mobile phones by 2025. The polyimide films are used as a substrate for
mobile phones, which influence the demand of polyimide films in electronic
sector. In addition, newer generations of colorless polyimides have been
recently introduced, exhibiting high transmittance and low yellow index for
improved clarity, which boost the demand of polyimide films.
Polyimide Films Market Segment Analysis – By Geography
Asia Pacific held the largest share in the polyimide
films market in 2020 with 11.2%, due to rapid urbanization,
education attainments and growing household incomes in developing countries
like India and China. In the region the consumer electronics products demand is
rapidly increases which also increases demand of polyimide films. According to
Electronics System Design and Manufacturing (ESDM) the electronics market in
India is expected to grow up to $400 billion by 2025. Global electronics
manufacturing has grown from 1.3% in 2012 to 3% in 2018, also expected to
generate $ 100-230 billion in the Economic value by 2025.
India’s electronic market
accounts for 2.4 % of GDP. The Asia Pacific consumer electronics market revenue
is poised to reach USD 650 billion by 2026. According to the China Internet
Network Information Center (CINIC), internet penetration reached 61.2% in 2019,
increasing by 1.6% compared to 2018 it will more help to increase electronic
market. Thereby, the highest demand of polyimide
films is expected to grow in the global level.
Polyimide Films Market Drivers
Increasing Demand from the Electronic Industry
Polyimide is a dielectric
material which can perform well under harsh conditions, such as elevated
temperatures. Therefore, polyimide films are used in electronics industry.
Polyimide films have various properties like high temperature stability,
mechanical properties and superior chemical resistance, which help to replace
the conventional use of glass, metals and even steel in electronics industry
and other industrial applications. According to India Brand Equity Foundation
(IBEF), the Electronics hardware
production in India increased from Rs. 4.43 trillion (US$ 72.38 billion) to Rs.
5.47 trillion (US$ 89.38 billion) between FY19-FY20. In addition, polyimide film is suitable for flexible printed circuits with excellent high-temperature and low
thermal expansion. Thus, the use of polyimide films in electronic sector is expected
to grow the overall market of polyimide films in near future.
Increasing Demand for Transparent Polyimide Films
Transparent Polyimide films provide excellent thermo mechanical
properties, high chemical resistance and optically transparency in automotive
sector. Hence, they are used in flexible printed circuits, pressure sensitive
tapes, insulating circuit boards and flexible solar cell. Transparent polyimide
films are laminated with copper foils, used in various industrial applications due to its excellent properties
such as high light transmission, high temperature stability, moisture barrier, resistance to radiation. Transparent polyimide
film possess excellent optical properties and improved tear strength while
maintaining the physical properties of conventional transparent polyimide films
like aromatic polyimide. Hence with these factors, polyimide
films are highly recommended in various end use industries like aerospace,
automotive, electronics and medical devices.
Polyimide Films Market Challenges
Lack of Process ability of Polyimide Films
Due to poor process ability, the use of polyimide films is limited in modern optoelectronic field, especially in the flexible electronic
and display technologies. Polyimide film has extreme non-uniformity and reduction of thickness due to high stress creates issue in process of
polyimide. Polyimide films are difficult
to process because of rigidity, high melting temperature, and insolubility with
organic solvents. Thus, poor processibility may hamper the
market growth in near future.
Polyimide Films Market Landscape
Technology
launches, acquisitions and R&D activities are key strategies adopted by players
in the Polyimide Films market. Major players in the Polyimide Films market are E. I. du Pont de
Nemours and Company (US), PI Advanced Materials Co., Ltd. (South Korea), Kolon
Industries Inc. (South Kore), Kaneka Corporation (Japan), Taimide Tech. Inc.
(Taiwan) and 3M Company, and among others.
Acquisitions/Technology Launches
- In December 2020, UBE Group’s or UBE Machinery Corporation ( core business company), Ltd. announced a launch of large-sized HH (Double Helix) Series for electric injection molding machine.
- In February 2020, Von Roll Holding AG launched a solution CDM and Durapol for printed circuit board production, which will help to growth in revenue of Von Roll Holding AG.
- In April 2019, Kaneka Corporation developed “Pixeo TM SR,” a super heat-resistant polyimide film for high frequency, high-speed 5G. It is to be deployed as a flexible print circuit board for 5G enabled smartphones.
Relevant Reports
Report Code:
CMR 73139
Report Code:
CMR 67194
1. Polyimide Films Market- Market Overview
1.1 Definitions and Scope
2. Polyimide Films Market - Executive Summary
2.1 Key Trends by Solvent Base
2.2 Key Trends by Application
2.3 Key Trends by Geography
3.Polyimide Films Market – Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Polyimide Films Market - Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4Venture Capital and Funding Scenario
5. Polyimide Films Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Polyimide Films Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Polyimide Films Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Polyimide Films Market – By Application (Market Size -$Billion)
8.1 Flexible Solar Cells
8.2 Flexible Printed Circuits
8.3 High Density Interconnects
8.4 Wires & Cables
8.5 Integrated Circuits
8.6 Tape-Automated Bonding
8.7 Insulating Circuit Boards
8.8 Pressure Sensitive Tape
8.9 Bar Code Labels
8.10 Others
9. Polyimide Films Market – By End Use Industry (Market Size -$Billion)
9.1 Aerospace & Defense
9.2 Automotive
9.2.1 Passenger Vehicle
9.2.2 Light Weight Commercial Vehicles
9.2.3 Heavy Weight Commercial Vehicles
9.3 Electronics
9.3.1 Capacitor
9.3.2 Printed Circuit Boards
9.3.3 Cable Insulation
9.3.4 Others
9.4 Labeling
9.5 Medical
9.6 Mining
9.7 Others
10. Polyimide Films Market - By Geography (Market Size -$Million/Billion)
10.1 North America
10.1.1 U.S
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 UK
10.2.2 Germany
10.2.3 France
10.2.4 Italy
10.2.5 Netherland
10.2.6 Spain
10.2.7 Russia
10.2.8 Belgium
10.2.9 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Australia and New Zeeland
10.3.6 Indonesia
10.3.7 Taiwan
10.3.8 Malaysia
10.3.9 Rest of APAC
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Colombia
10.4.4 Chile
10.4.5 Rest of South America
10.5 Rest of the World
10.5.1 Middle East
10.5.1.1 Saudi Arabia
10.5.1.2 U.A.E
10.5.1.3 Israel
10.5.1.4 Rest of the Middle East
10.5.2 Africa
10.5.2.1 South Africa
10.5.2.2 Nigeria
10.5.2.3 Rest of Africa
11. Polyimide Films Market – Entropy
11.1 New Product Launches
11.2 M&As, Collaborations, JVs and Partnerships
12. Polyimide Films Market – Market Share Analysis Premium
12.1 Market Share at Global Level - Major companies
12.2 Market Share by Key Region - Major companies
12.3 Market Share by Key Country - Major companies
12.4 Market Share by Key Application - Major companies
12.5 Market Share by Key Product Type/Product category - Major companies
13. Polyimide Films Market – Key Company List by Country Premium Premium
14. Polyimide Films Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
14.1 Company 1
14.2 Company 2
14.3 Company 3
14.4 Company 4
14.5 Company 5
14.6 Company 6
14.7 Company 7
14.8 Company 8
14.9 Company 9
14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"