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(Transportation-News.com, April 06, 2019 ) According to the new research report "Polyimide Film Market by Application (Flexible Printed Circuit, Specialty Fabricated Product, Pressure Sensitive Tape, Wire & Cable, Motor/Generator), End-Use Industry (Electronics, Aerospace, Automotive, Labeling) - Global Forecast to 2022", published by MarketsandMarkets™, the Polyimide Film Market is estimated at USD 1.52 Billion in 2017 and is projected to reach USD 2.45 Billion by 2022, at a CAGR of 10.0% from 2017 to 2022. Increased demand from the consumer electronics industry, growing automotive industry, and superior thermal and mechanical properties of polyimide films in comparison to other polymers are the key factors driving the growth of the Polyimide Films Market.
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Flexible printed circuits is the leading application segment of the Polyimide Films Market
Based on application, the flexible printed circuits segment is projected to grow at the highest CAGR from 2018 to 2023. Flexible printed circuits are widely used in various industries, major ones being automotive and electronics. Polyimide films are the most preferred insulating material in flexible printed circuits as the aid in reducing the size of electronic devices and improving their functionality.
Electronics is projected to be fastest-growing end-use industry segment of the Polyimide Films Market
Based on end-use industry, the electronics segment is anticipated to grow at the highest CAGR from 2018 to 2023. Polyimide films provide excellent electrical insulation properties under harsh conditions, such as high-temperature ranges and exposure to aggressive chemicals. They also offer excellent chemical and temperature resistance and design flexibility for component manufacturers and equipment designers. Hence, the electronics industry is the largest consumer of polyimide films globally.
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Browse in-depth TOC on "Polyimide Films Market"
171 – Tables
43 – Figures
197 – Pages
Asia Pacific is projected to be the fastest-growing regional segment of the olyimide films market
The Polyimide Films Market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. 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 Market in this region.
Some of the key players in the market include E. I. du Pont de Nemours and Company (US), SKC Kolon PI Inc. (South Korea), Toray Industries Inc. (Japan), Kaneka Corporation (Japan), Ube Industries (Japan), Taimide Tech. Inc. (Taiwan), Arakawa Chemicals Industries Inc. (Japan), Shinmax Technology Ltd. (Taiwan), and FLEXcon Company, Inc. (US).
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