Global Polyimide Films Market - Segmented by Application, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)
The global polyimide films market is expected grow at a significant rate during the forecast period of 2018—2023, driven by the growing demand from the electronics industry. Polyimide films are used widely in electronics, aerospace, and aircraft industry, as they are capable of withstanding high temperatures. They are also used to make flexible printed circuit boards and pressure sensitive tapes. Polyimide films enable implementation of compact and complex assemblies while minimizing size and weight.
Demand from Electronics Industry Driving the Market
Polyimide films are used widely in the electronics sector for applications including electrical wires, recording devices, and cables. The electronics sector is currently the largest segment of end-user industry. An increase in the demand, for polyimide films, from the electronics sector was witnessed due to their requirement in mobiles, computers, tablets, and other electronic devices. The growing demand for smartphones and laptops and technological advancements are expected to boost the market for polyimide films significantly during the forecast period.
Flexible Printed Circuit to Dominate the Polyimide Films Market
Polyimide films in the flexible printed circuits provide additional thickness, which is beneficial for the electronics and automotive industries. Flexible printed circuits are expected to have the highest demand for polyimide films during the forecast period. This is due to their large application base, mainly in mobile devices, computers, and next-generation flexible displays. Polyimide films are also used as base material for flexible printed wiring assembly since they offer better mechanical and thermal stability. This has made them useful in the aerospace sector, to provide thermal resistance in high heat application regions. They are also a vital component in the production of circuit boards. The increasing automotive production in countries, including China, India, Italy, and the United Kingdom, is further expected to boost the market for polyimide films, due to their requirement in electric wiring in vehicles.
Asia-Pacific Dominating the Polyimide Films Market
Asia-Pacific is expected to display the fastest growth in the polyimide films market over the forecast period. The expanding automotive and electrical industries in China and India, combined with infrastructural development is expected to drive the market in the region. Moreover, economic growth and increasing per capita income are some of the major factors that are triggering the growth of the polyimide films market in Asia-Pacific.
Key Developments in the Market
September 2016: FLEXcon Company Inc. launched a polyimide film under the brand name Thermlfilm HT 9000, which can be used to manufacture printed circulated boards.
Major players are Kaneka Corporation, Saint Gobain, Kolon Industries, Inc., UBE Industries Ltd, and Taimide Tech Inc., amongst others.
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