Global Statistics Representing Polyimide Films Market Scenario
Polyimide films are made from non-thermoplastic polyimide, which exhibits high adhesiveness even without expensive surface treatment. These are usually poor in adherability with polyimide-based adhesives made of thermoplastic polyimide and requires surface-roughing treatment (such as plasma treatment, corona treatment), or treatment such as adding a coupling agent, a particular metal composition, or the like in order to attain high adherability. As per the United States Patent, the new invention is to provide a grade of polyimide giving a polyimide film improved in mechanical strength. Product are used in numerous applications with their end user industries such as aerospace, automobile, electrical & electronics, and healthcare. Polyimide own properties such as thermal stability, high tensile strength, flexibility, mechanical properties and superior thermal of polyimide films in compared to other polymers.
The growing industrialization and urbanization across the globe have augmented the demand for polyimide films and their applications, which, in turn, is expected for considerable growth in the market during the forecast period. The growing demand for consumer electronics, and automotive industries is driven by many factors such as the growing urban population, rise in disposable income, strong supply chain, and high Internet penetration.
Due to increase in the purchasing power of consumers and developing infrastructure, which results better connectivity and improved trade and commerce, helps to increase the production of automobiles. The commensurate increase in manufacturing will increase the number of vehicles on the road, thus drive the demand of polyimide films in manufacture of various automotive components. Growing demand for light weight, flexible, compact and heat resistant electronics devices in semiconductor component manufacturing led to increase the market share. Due to improved characteristics such as upgraded moisture and oxygen barrier property, consumer preferences towards transparent PI films has increased in the recent few years. Transparent PI films offers the benefits of both the traditional aromatic polyimide films and polymer optical films.
Global polyimide films market accounted for over USD 1.58 billion in 2017 and is expected to grow at a CAGR of 9.89% during the forecast period, 2019–2026.
Global polyimide films market is segmented by application, and end user
By application, the polyimide films market is segmented into flexible printed circuit, specialty fabricated product, pressure sensitive tape, wire & cable, motor/generator.
The flexible printed circuit segment led the highest market share in the recent year, due to its increasing use in electronic and automobile industry. Flexible printed circuit are also called as flexible circuits, flexible pcbs and sometimes flexible printed circuit boards. Flexible printed circuit are highly efficient interconnectivity solutions used in electronic devices with complex circuitry. They are also used for efficient interconnection between electronic components such as capacitors, integrated circuits, and resistors. Flexible printed circuit used in wide range of applications such as smartphones, tablets, LCD screens, and other consumer electronic products.
By end user, the polyimide films market is segmented into electronics, aerospace, automotive, labeling. The growing use of consumer electronics such as laptops, mobile phones, and electronic displays among others, drive the electronics segment in the market. Increasing demand for small, flexible electronics will be an important trend and growing use of flex circuits in electronic wearables in the consumer electronics market will gain a traction. Electronics components such as cables, rotate machines, integrated circuits, electric wires, and recording devices are manufactured from PI tapes and PI films. Moreover, aerospace segment is expected hold the second largest market share in global polyimide films market owing to increasing government expenditure and private investments towards aerospace activities. Due to its characteristics of providing light weight and great strength, they are significantly used in defense equipment.
Geographically, the global polyimide films market is segmented into five regions: North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Asia Pacific is estimated to be the largest polyimide films market due to high consumption semi-conductor devices and automotive applications in emerging nations such as China, India and Japan. Growing population, increasing disposable incomes, and growing end-use industries have led to innovation and development, which in turn, gain a traction in region. The record growth in the region was largely due to a global economic upturn and increasing machinery production and development in eletronics devices investments, which triggered significant demand for eletronics and , in particular robotics, electronics assembly, semiconductors, machine tools, and renewable energy. Apart from this, growth in demand for televisions, home audio and cinema products has been far less than that for portable devices as incomes of consumer have risen in the Asian market. With rising disposable incomes, consumers tend to seek high-quality products, such as Full-screen smartphones, large-screen TVs with higher resolutions such as 4K and 8k.
North America polyimide films market is on up surging end due to the contribution by the developed economies of the United States and Canada. The people from Canada prefer to purchase consumer electronics from electronics and appliance specialist retailers, as these stores stock with the latest products. Internet retailing is one of the only distribution channels to experience growth in consumer electronics in the region. Furthermore, the growing investment in the defence and aerospace sector mainly in the U.S and Canada is also positively contributing to the growth of the market.
Europe polyimide films market is reviving after a sluggish performance over the review period. As per Euromonitor International, Germany is the largest market in Western Europe for computers and peripherals. Along with the UK and France, these three nations comprise 55% of the total market in Western Europe. The Chinese key players strengthen their presence in Spain, as the consumer from the country often being willing to try out new products and brands. On the other hand, some newer products may achieve stronger penetration in the market, for example, OLED televisions and smart wearables devices.
Latin America is expected to grow in the foreseen decades, because of its developing economy. The growth in the region is coming from the both automotive and eletronics sectors powered by usage in telecom, semi-conductor, and other industrial applications. The new advance technology in the eletronics sector such as, IoT technology which make customers lives comfortable and convenient.
MEA is expected to witness exponential growth in the electronics sector due to an increasingly tech-savvy population, rise in tourism, and the introduction of innovative lifestyle products by manufacturers. According to Yasuyoshi Matsunaga, Toshiba’s Corporate Representative in the Middle East Africa region, Toshiba PCs account for nearly 19% of the market share in the UAE. Furthermore, the healthcare industry in the region has propelled the use of polyimide films due to its high tensile strength and temperature resistance.
Some of the key players in the global polyimide films market are E. I. du Pont de Nemours and Company (US), SKC Kolon PI Inc. (South Korea), Toray Industries Inc. (Japan), Kaneka Corporation (Japan), Ube Industries (Japan), Taimide Tech. Inc. (Taiwan), Arakawa Chemicals Industries Inc. (Japan), Shinmax Technology Ltd. (Taiwan), and FLEXcon Company, Inc. (US).
Polyimide Films Market Segmentation
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