As per the recently published report by MarketsandMarkets™, The “Polyimide Films & 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 2028″, is estimated to be USD 1.3 billion in 2023 and is projected to reach USD 1.8 billion by 2028, at a CAGR of 8.7% from 2023 to 2028.Flexible solar panels, flexible solar displays, and flexible sensors are just a few examples of the new technologies in which polyimide films are finding new applications. The demand for polyimide films and tapes has surged due to these advances.
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- 385 Market data Tables
- 57 Figures
- 323 Pages and in-depth TOC on “Polyimide Films & Tapes Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The major players in Polyimide Films & Tapes Market include PI Advanced Material Co., Ltd. (South Korea), DuPont (US), Kaneka Corporation (Japan), and Taimide Tech. Inc. (Taiwan), Ube Industries Ltd. (Japan), 3M Company (US), Kolon Industries Inc. (South Korea), Arakawa Chemicals Industries Inc. (Japan), Shinmax Technology Ltd. (Taiwan), and FLEXcon Company, Inc. (US) and others.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Polyimide Films & Tapes Market.
Recent Developments in Polyimide Films & Tapes Market Industry
- In June 2023, Arkema acquired 54.07% share of PI Advanced Materials Co., Ltd. to develop high-performance materials used in electronics and other industries.
- In May 2022, DuPont announced the expansion of its production of polyimide film in the US. The aim of this expansion is to enhance the properties of its Kapton polyimide films.
- In March 2020, Kaneka Corporation developed colorless polyimide films for flexible electroluminescent (EL) displays for the next-generation devices used in electronics.
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Flexible printed circuits is the leading application segment of the polyimide films and tapes market.
Flexible printed circuits are widely used in the automotive and electronics industries. Thanks to the challenging nature of polyimide films, FPCs are dependable and robust enough to survive mechanical stress and environmental conditions. This toughness is especially useful in applications where the FPC may be twisted repeatedly or where the product is exposed to extreme conditions. Due to their wide operating temperature range, polyimide films can be used in high- and low-temperature situations. This characteristic is essential in applications where the FPC may encounter a wide range of operating circumstances.
Electronics is projected to be the fastest-growing end-use industry segment of the polyimide films market.
Based on the end-use industry, the electronics segment is anticipated to grow at the highest CAGR during the forecast period. Polyimide films are utilized as cable wraps and harness tapes to shield cables and electronics in challenging conditions. They ensure the durability and dependability of electrical systems by providing excellent resistance to heat, chemicals, and abrasion. Flexible heaters made from polyimide films can be found in heated blankets, medical equipment, and car seats, among other things. They are suited for these heating elements due to their outstanding thermal resistance and electrical insulation qualities.
Asia Pacific regional segment accounted for the largest polyimide films and tapes market share.
The Asia Pacific region’s polyimide films and tapes market had the largest share in 2022. Automotive, electrical, and aerospace industries are growing in countries such as China, India, Japan, and South Korea, contributing to the high demand for polyimide films in this region. There is high demand for consumer electronics products due to innovation, price deflation, and rising household incomes, thereby contributing to the growth of the polyimide films and tapes market in this region.
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