According to a report published by Grand View Research, Inc.; the polyimide films market is expected to reach a valuation of USD 3.12 billion by 2025. Growing application scope in automotive, electronics, labeling and labels, and aerospace industries can propel the market development during the forecast period (from 2018 to 2025). Rapidly expanding electronics sector and advancements in aerospace technology are also expected to boost the market growth. The polyimide films are extensively utilized in aircraft and defense electronics as they are lightweight, possess better electromechanical properties, and help reduce electricity consumption.
Increasing demand for consumer electronics, such as mobile phones and flexible displays, can also have a positive impact on the market growth. Constant innovations in the field are also contributing toward the growth of this market. For example, the development of colorless polyimide films as a result of evolution of optoelectronic engineering. The transparent films can also be used as a replacement to traditional films in flexible displays in electric and electronics industries. Also, increasing funding from private and government organizations for R&D activities is expected to have a positive impact on the market growth.
Full Research Report On Polyimide Films Market Analysis: www.grandviewresearch.com/industry-analysis/polyimide-film-market
U.S. polyimide films market revenue by application, 2014 – 2025 (USD Million)
Worldwide polyimide market can be segmented on the basis of application, end-use, and region. Based on application, the market can be divided into Flexible Printed Circuit (FPC), wire and cable, motor/generator, specialty fabricated product, and pressure sensitive tape. The FPC segment accounted for the highest market share in 2016. Extensive usage of FPCs in next generation flexible displays and automobile can boost their demand over the coming years. Wire and cable was the second-largest segment and is anticipated to witness strong growth during the forecast period. Growing utilization of wires and cables in automobile and aerospace is anticipated to drive the segment growth during the forecast period.
Based on end-use, the market can be categorized into electronics, aerospace, automotive, labeling, and others. The electronics segment held 32.9% of the global demand. The segment is expected to generate high demand during the forecast years. In electronics segment, polyimide films are used in mobile phones, printers and scanners, ink-jet cartridges, camcorders, and pagers. The aerospace segment is considered as the second-largest segment. Increasing expenditure on the development of aerospace sector by various governments can drive the segment growth. Growing demand for next-generation aircraft from emerging countries of Central and South America and Asia Pacific is expected to drive the segment.
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The automotive sector is expected to grow on account of technological developments in automobile technology. Robust infrastructure development and increasing population in emerging countries, such as China and India, are driving the growth of automobile sector. The labeling segment is also expected to witness considerable growth over the next few years. Geographically, the market can be divided into North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. Asia Pacific led the global market accounting for a revenue share of 43%. Increased demand for consumer electronics in APAC due to price deflation, growth in disposable income, and constant innovations will drive the regional market.
Emerging countries, such as China, India, Indonesia, and South Korea, are anticipated to witness high economic growth in the years to come. This will have a positive impact on the regional market development. North America is considered as the second-largest market. Well-established infrastructure and high living standards are the key growth-driving factors for the North America regional market. In addition, the fact that U.S. has liberal laws for chemicals as compared to Europe is supporting the market growth. Some of the leading companies in the global polyimide films market include Von Roll Holding AG, E. I. Du Pont De Nemours and Company, Arakawa Chemicals Industries, Kaneka Corporation, and Saint-Gobain.
Grand View Research has segmented the global polyimide film market on the basis of application, end-use, and region:
Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
Flexible printed circuit
Wire & cable
Pressure sensitive tape
Specialty fabricated product
Motor/Generator
End-use Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
Electronics
Aerospace
Automotive
Labeling
Others
Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)
North America
U.S.
Europe
Germany
UK
France
Asia Pacific
China
India
Japan
Central & South America
Middle East & Africa
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About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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