| The report “Polyimide Films and Tapes Market by Application (Flexible Printed Circuits, Specialty Fabricated Products, Pressure-Sensitive Tapes, Motors/Generators, Wires & Cables), End-Use Industry (Electronics, Automotive), and Region – Global Forecast to 2026“The polyimide films and tapes market is estimated to be USD 1.6 billion in 2021 and is projected to reach USD 2.4 billion by 2026, at a CAGR of 8.5% from 2021 to 2026. Increasing demand from flexible displays and optoelectronics industries are one of the key factors driving the growth of this market.
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Some of the prominent key players are:
· E. I. DuPont de Nemours and Company (US) · PI Advanced Material Co., Ltd. (South Korea) · Ube Industries Ltd.(Japan) · Taimide Tech. Inc. (Taiwan) · 3M Company (US) · Kaneka Corporation (Japan) · Kolon Industries Inc. (South Korea) · Arakawa Chemicals Industries Inc. (Japan) · Shinmax Technology Ltd. (Taiwan) · FLEXcon Company, Inc. (US).
Opportunity: Preference for transparent polyimide films for flexible display and optoelectronics
Conventional polymer films such as PET possess excellent optical transparency. However, these films face challenges in advanced optoelectronic engineering, mainly due to their limited service temperature. Hence, currently, transparent polyimide films and tapes are preferred over conventional polymers. In recent years, there has been significant development in flexible active-matrix organic light-emitting diode (AMOLED) displays, replacing hard glass with flexible substrates and thin films such as transparent polyimide films to make displays thinner, lighter, and less fragmented. Currently, major phone manufacturers are in the phase of developing prototypes of flexible smartphones, such as Royole Corporation’s FlexPai, Samsung’s Galaxy Fold, Huawei’s Mate X, Lenovo’s Cplus, and Apple with a patent of its own. The fabrication of solar cells using colorless polyimide films provides practical advantages, such as weight reduction, cost savings, and a simplified manufacturing process. Optical polymer substrates used in solar cells need to be transparent and should have the ability to withstand processing temperatures of over 300°C. The properties of transparent polyimide films and tapes make it possible to produce high-efficiency solar cells.
Flexible printed circuits is the leading application segment of the polyimide films and tapes market
Based on application, the flexible printed circuits segment is projected to grow at the highest CAGR from 2021 to 2026. Flexible printed circuits are widely used in automotive and electronics industries. Polyimide films and tapes are also the most preferred insulating material due to their low dielectric constant. The demand for flexible printed circuits is high as circuits have to be bent once or a few times during the package assembly or because they undergo continuous flexing as and when required. Manufacturing companies prefer polyimide films and tapes as a base material instead of Polyethylene Terephthalate (PET) and Polyethylene Naphthalate (PEN) films mainly due to their advantages, which include high processing temperature range and unrestricted solderability. Flexible printed circuits are widely used in industries, such as aerospace, electronics, and medical.
Asia Pacific regional segment accounted for the largest share in the polyimide films and tapes market
The polyimide films and tapes market in the Asia Pacific region is accounted for the largest share in 2020. China, India, Japan, and South Korea are key countries contributing to the high demand for polyimide films in this region. Innovation, price deflation, and rising household incomes, especially in emerging Asian markets, have resulted in the high demand for consumer electronic products, thereby contributing to the growth of the polyimide films and tapes market in this region. |
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