The latest report by IMARC Group, 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 film possesses excellent chemical, physical, and electrical properties, such as superior insulation and thermal stability, and resistance against harmful effects of corona discharge. It is used as an insulating material in the manufacturing of semiconductors and flexible printed circuit boards (PCBs).
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Polyimide Film Market Trends and Drivers:
Polyimide film is widely utilized in electronic products, such as wires and cables, generators, tape-automated bonding, integrated circuits (ICs), rotating machines, computers, and recording devices. This, along with the increasing utilization of electrical appliances, is catalyzing the demand for polyimide films worldwide. Apart from this, rising environmental concerns, in confluence with incentives and subsidies provided by governments of several countries on installing solar panels, are contributing to the market growth. Moreover, leading manufacturers are relying on novel methods for developing polymeric nanocomposites with superior performance, optimal strength, durability, and reliability, which is anticipated to propel the growth of the market in the coming years.
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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