The essential nature of pressure-sensitive tape, wire & cables is a key factor that will aid in developing the polymide film market. The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The market is estimated to note a heartening CAGR throughout the forecast period.
The benefits of tensile strength, heat and chemical stability are predicted to motivate the development of the polymide film market in the forecast period. The expansion of the automobile market is estimated to create promising scope for the polymide film market in the forthcoming years.
Drivers and Constraints Impacting the Market
The rapid urbanization and industrialization have triggered the demand for various end-use, which is anticipated to stimulate the global polyimide film market during the forecast period. With the growing demand for polyimide films from the automobile sector coupled with increased government investment in the development of the retail sector is likely to contribute to the growth of the market globally. High demand from the electronics industry is presumed to drive the polyimide market to a great extent. Polyimide films are extensively used in the electronics sector for applications such as recording devices, electrical wires, and cables.
On the flip side, high cost is incurred in processing of the polyimide films as these films are produced through film casting techniques and require high temperature. Also, poor resistance of polyimide films to hydrolysis makes the application of polyimide films complex in humid weather, which further restrains the market growth during the assessment period.
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Competitive Analysis:
Some of the prominent players operating in the global polyimide film market are
E. I. du Pont de Nemours and Company (U.S.)
TORAY INDUSTRIES
INC. (Japan)
SKC Kolon PI (South Korea)
Kaneka Corporation (Japan)
Ube Industries LTD (Japan)
Taimide Tech Inc. (Taiwan)
Arakawa Chemicals Industries Inc. (Japan)
Shinmax Technology Ltd. (Taiwan)
FLEXcon Company Inc. (U.S.)
and Saint-Gobain SA (France) among others.
Global Polyimide Film Market: Segmental Overview
The segmental analysis of the market has been conducted on the basis of end-use industry, application and region.
Based on end-user industry, the market has been segmented into aerospace, labelling, mining & drilling, electronics, medical, automotive and others. The electrical & electronic segmented is projected to demonstrate a relatively higher CAGR during the assessment period (2017-2023). High penetration of laptops, electronics displays, mobile phones in both advanced countries and price-sensitive consumer markets characterises the segment dominant position. In addition, the segment is expected to highly profitable during the assessment period.
Based on application, the market has been segmented into specialty fabricated product, wire & cable, flexible printed circuit (FPC), pressure sensitive tape, motor & generator and others. Of these, the flexible printed circuit (FPC) segment is expected to witness a strong growth during the assessment period. Constant advances in foldable technology is fuelling the demand flexible printing circuit. FPC are witnessing a fast uptake in product such as mobile phones, scanners, recorders, laptops, avionics systems, printers, jet cartridges among others. In terms of revenue, the wire and cable segment hold the second spot and is expected to witness sound growth in the forthcoming years.
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Detailed Regional Analysis
The regional overview of the polymide film market consists of Asia Pacific, Europe, North America and other prominent regions. The Asia Pacific polymide film market is estimated to exhibit the maximum growth with a positive CAGR in the forecast period. The quick development in the industries, mostly in India, Japan, and China, is powering the development of polyimide film in the Asia Pacific region. Furthermore, the promising government directives such as tax benefits and incentives have appealed to many industry companies to compete for the lucrative share of the Asia Pacific regional market. The North American polymide film market is another leading region in the global market. The advanced end-user businesses such as automobile, aerospace, electronics, among others, are appreciably driving the polymide film market development. The European polymide film market is a profitable market due to the advanced medical, electrical & electronics, and automobile sector. The main nations adding to the growth of the polymide film market are Italy, Germany, France, and the U.K, among others.
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Industry News
Chemical giant DuPont is reportedly set to splash $220 Mn to expand production capacity in its specialty films manufacturing facility in Circleville, Ohio. This move is expected to boost the production of Pyralux-brand flexible circuit materials and Kapton-brand polyimide film. The move has been prompted by the growing market demand in telecom and defence consumer electronics, and automotive.
SK Innovation, a South Korean refining and chemical company has recently introduced a new flexible film “Flexible Cover Window”, which cater to foldable devices. The film has been specifically developed to protect displays and viewed as an important component of foldable devices.
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The Global Polyimide Film Market report presents a comprehensive analysis of the Polyimide Film market by offering valuable insights to assist the businesses and key players in formulating fruitful strategies during the forecast timeline of 2020-2027.
The report studies the historical data to provide an assessment of key segments and sub-segments, revenue, industrial chain analysis, and demand and supply data.
The report also sheds light on the technological breakthroughs and product advancements happening in the Polyimide Film market.
According to the report, the Polyimide Film industry is likely to witness significant growth over the projected timeline.The report also covers the impact of the COVID-19 pandemic on the Polyimide Film market and major segments.
The pandemic has affected every industry vertical either positively or negatively.
The report also offers a thorough current and future analysis of the impact of the COVID-19 pandemic on the overall growth of the market.Get a sample of the report @ https://www.reportsanddata.com/report-detail/polyimide-film-marketThe report presents a panoramic view of the competitive landscape of the Polyimide Film market, covering details about the key manufacturers and companies, price analysis, revenue estimation, gross profit margins, business expansion plans, and other vital details that offers the readers deep insights into each company operating in the industry.
The Global Polyimide Film Market report presents a comprehensive analysis of the Polyimide Film market by offering valuable insights to assist the businesses and key players in formulating fruitful strategies during the forecast timeline of 2020-2027.
The report studies the historical data to provide an assessment of key segments and sub-segments, revenue, industrial chain analysis, and demand and supply data.
The report also sheds light on the technological breakthroughs and product advancements happening in the Polyimide Film market.
According to the report, the Polyimide Film industry is likely to witness significant growth over the projected timeline.The report also covers the impact of the COVID-19 pandemic on the Polyimide Film market and major segments.
The pandemic has affected every industry vertical either positively or negatively.
The report also offers a thorough current and future analysis of the impact of the COVID-19 pandemic on the overall growth of the market.Get a sample of the report @ https://www.reportsanddata.com/report-detail/polyimide-film-marketThe report presents a panoramic view of the competitive landscape of the Polyimide Film market, covering details about the key manufacturers and companies, price analysis, revenue estimation, gross profit margins, business expansion plans, and other vital details that offers the readers deep insights into each company operating in the industry.
