Polyimide Films Market by Regional Analysis, Key Players and Forecast 2024
Transparency
Market Research (TMR) observes that the competitive landscape in the
global polyimide films market is quite fragmented due to a strong
presence of large number of players. Presently, the players are
focused on research and development activities to develop products
that do not shrink. The competition is slated to intensify due to
large number of polyimide resin suppliers and low switching costs.
The top three players in the global polyimide films market are
DuPont, Kaneka Corporation, and SKCKOLON PI Co. Ltd. These companies
held a share of 64% in the overall market in 2015.
View
Full Report:
Flexible
PCB Sees Higher Adoption due to Increasing Sales of Consumer
Electronics
According
to the research report, the global polyimide films market is expected
to be worth US$ 1770.1 mn by 2024 from US$927.7 mn in 2015. During
the forecast period of 2016 and 2024, the overall global market is
likely to register a CAGR of 7.5%. Flexible PCB accounted for 70%
share of the global market in 2015 in terms of volume. This
application segment is projected to dominate the global market in the
coming years due to their growing uptake in production of consumer
electronics. Geographically, North America held a dominant share in
the global market. However, Asia Pacific is expected to offer
lucrative opportunities to the polyimide films as manufacturing
activities pick up pace in emerging economies.
Request
to view Sample Report:
The
growing number of manufacturing activities and increasing sales of
electronic products has augmented the demand for polyimide films in
recent years. These films are extensively used in the production of
flexible circuits that are used in laptops, smartphones, and many
other consumer electronics products. In recent years, polyimide films
have also found application in the booming aerospace industry as they
are light in weight, which saves fuel and improves engine
performance. The need for lighter electronic products is also
expected to propel the demand for polyimide films in the near future.
Wireless communication and flexible displays are projected to offer
several lucrative opportunities to the overall market.
Widening
Applications of Polyimide Films Favors Market Growth
Polyimide
is widely used in the production of pressure sensitive adhesive
tapes, which are largely used in electrical products and the
electronics industry. The growing usage of these films for insulating
cables and wires in satellites, automotive components, generators,
motors, and electrical submersible pumps due to their excellent
resistance to heat has also had a positive impact on the revenue of
the global market. Thus, the widening application of polyimide films
in various areas are expected to favor market growth in the coming
years.
Request
to download and view full ToC -
High
Cost of Processing to Hamper Growth of the Market
On the
flip side, the global polyimide films market is likely to face a few
tough challenges. For instance, the high cost of processing is likely
to hamper market growth. These films are made by film casting
techniques, which requires specific temperatures that are very high
to achieve. The market is also likely to be restrained by the poor
resistance offered by polyimide films to hydrolysis, which means that
these films absorb water when exposed while processing. This makes
the usage of polyimide films difficult in humid weather.
Global
Polyimide Films Market Report is available at US$ 5795 -
Comments
Post a Comment