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According to the latest report by IMARC Group “Polyimide Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global polyimide film market size reached US$ 1.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2027, exhibiting a growth rate (CAGR) of 6.9% during 2022-2027.
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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Covid-19 Impact:
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
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.
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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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