Polyimide Film Market Size, Trends, Growth And Forecast 2023-2028
IMARC Group, a leading market research company, has released a report titled “Polyimide Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global polyimide film market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.
Polyimide film possesses excellent chemical, physical, and electrical properties, such as superior insulation and thermal stability, and resistance against harmful effects of corona discharge. It is used as an insulating material in the manufacturing of semiconductors and flexible printed circuit boards (PCBs).
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Polyimide Film Market Trends and Drivers:
Polyimide film is widely utilized in electronic products, such as wires and cables, generators, tape-automated bonding, integrated circuits (ICs), rotating machines, computers, and recording devices. This, along with the increasing utilization of electrical appliances, is catalyzing the demand for polyimide films worldwide. Apart from this, rising environmental concerns, in confluence with incentives and subsidies provided by governments of several countries on installing solar panels, are contributing to the market growth. Moreover, leading manufacturers are relying on novel methods for developing polymeric nanocomposites with superior performance, optimal strength, durability, and reliability, which is anticipated to propel the growth of the market in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Application:
Flexible Printed Circuit
Wire and Cable
Pressure-Sensitive Tape
Specialty Fabricated Product
Motor/Generator
Others
Breakup by Distribution Channel:
Specialty Stores
Online Stores
Others
Breakup by End Use:
Electronics
Aerospace
Automotive
Labelling
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Arakawa Chemicals Industries Ltd
Compagnie de Saint-Gobain S.A.
Flexcon Company Inc.
I.S.T Corporation
Kaneka Corporation
Kolon Industries Inc.
Shinmax Technology Ltd
Taimide Tech Inc.
Toray Industries Inc
UBE Industries Limited.
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