According to a new report by Reports and Data, the global market for polyimide film is expected to reach USD 2 Billion by 2032. Polyimide films are a type of high-performance polymer film with excellent properties that make them suitable for use in various industries.
Polyimide films are widely used in the electronics and aerospace industries for producing flexible printed circuits and pressure-sensitive tapes, thanks to their high-temperature resistance. They are also used for insulating wires and cables of motors and generators, and for providing a buffer against the corona discharge effect that can dampen the performance of traction motors, generators, and transformers.
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Polyimide films can be surface modified to increase their range of end-use applications. In addition, strategic alliances and technological collaborations among companies for the commercialization of polyimide film are expected to drive market demand in the forecast period.
Opaque films held a substantial share of the market in 2018 and are likely to grow at a considerable rate in the forecast period. Specialty fabricated products held 5.0% of the market share in 2018 and are expected to grow at a rate of 11.5% over the forecast period. The market in Europe held a substantial market size in 2018 and is forecasted to grow at a rate of 10.7% in the forecast period, owing to developed electrical & electronics, medical, and automotive sectors.
The key participants in the market include DuPont, Saint Gobain SA, IST Corporation, Kolon Industries Inc., Kaneka Corporation, Taimide Tech Inc., FLEXcon Company, Arakawa Chemicals Industries Ltd., Anabond Limited, 3M Company, Nitto Denko Corporation, and Toray Industries. The market is segmented by type, application, industry verticals, and region.
Polyimide Films Market : Drive Factors
The polyimide film market is expected to grow significantly in the coming years, driven by several factors. First, the high-performance properties of polyimide films make them suitable for use in various end-user industries, such as electronics, aerospace, and automotive, among others.
Additionally, the ability of polyimide films to resist high temperatures, insulate wires and cables, and provide a lightweight solution for aircraft wiring insulation further propels their demand in the market. Furthermore, the ability to surface modify polyimide films allows for a wider range of end-use applications, making them more versatile and in-demand.
Moreover, strategic alliances and technological collaborations between companies are expected to further fuel the demand for polyimide films. The development of new products and technology, along with expanded manufacturing and aerospace activities, is expected to increase the demand for specialty fabricated products such as carrier and transport belts, speaker coils, and sensors, among others.
The growth of the market in Europe is attributed to the developed electrical and electronics, medical, and automotive sectors. The demand for polyimide films in the region is expected to be driven by the high tensile strength and endurance to high temperature required in the medical industry.
Overall, the increasing demand for polyimide films in various industries, technological advancements, and strategic collaborations are expected to drive the growth of the market in the coming years.
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