Global Polyimide Film Market to Reach US$ 3.7 Billion by 2032, Fueled by Widespread Product Utilization Across Various Industries

April 07, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “­­Polyimide Film Market Report by Application (Flexible Printed Circuit, Wire and Cable, Pressure-Sensitive Tape, Specialty Fabricated Product, Motor/Generator, and Others), Distribution Channel (Specialty Stores, Online Stores, and Others), End Use (Electronics, Aerospace, Automotive, Labelling, and Others), and Region 2024-2032,” the global polyimide film market size reached US$ 2.2 Billion in 2023. Polyimide film is a high-performance, flexible, and durable polymer material that finds numerous applications across the electronics, aerospace, and automotive industries. It is a thin, lightweight, and thermally stable film with exceptional mechanical and electrical properties, due to which it finds employment in applications requiring high strength, temperature resistance, and reliability. Polyimide film exhibits excellent dimensional stability, a low coefficient of thermal expansion, and resistance to abrasion, puncture, tear, chemicals, solvents, and radiation, making it suitable for harsh environments. In addition, it can withstand the damaging effects of corona discharge and provides improved service life and operational efficiency compared to traditional insulation materials. As a result, it is extensively used for manufacturing flexible printed circuit boards (PCBs), semiconductors, and solar cells with maximum efficiency and yield and enhanced thermal stability, toughness, and flexibility. 

Global Polyimide Film Market Trends:

The growing use of polyimide film to produce several high-performance medical devices, such as cardiovascular catheters, push rings, marker bands, angioplasty, neurological devices, and drug delivery systems, is primarily driving the market growth. Besides this, the escalating awareness about the advantages of polyimide films, including exceptional flexibility, transparency, biocompatibility, low friction, tight tolerances, and high tensile strength, have facilitated its adoption across various applications, thus acting as another growth-inducing factor. Moreover, the expanding product utilization across the automotive and aerospace sectors for manufacturing several electrical components due to their high-temperature resistance, dielectric strength, and chemical resistance is creating a positive outlook for the market. Concurrently, the widespread use of polyimide film in the electronics industry for making flexible displays, capacitors, PCBs, cables, wafer carriers and guides, chip trays, test holders, electrical connectors, and digital copiers is aiding in market expansion. In addition to this, the increasing environmental concerns and the introduction of numerous government policies, incentives, and subsidies encouraging the installation of solar panels are contributing to the market growth. Furthermore, extensive investments in research and development (R&D) initiatives to introduce innovative methods of obtaining polymeric nanocomposites with high performance, reliability, durability, and strength are presenting remunerative growth opportunities for the market. Looking forward, the market value is projected to reach US$ 3.7 Billion by 2032, expanding at a CAGR of 5.7% during 2024-2032. 

Market Summary:

  • Based on application, the market is categorized into flexible printed circuit, wire and cable, pressure-sensitive tape, specialty fabricated product, motor/generator, and others.
  • On the basis of the distribution channel, the market has been classified into specialty stores, online stores, and others.
  • Based on the end use, the market is segregated into electronics, aerospace, automotive, labelling, and others.
  • On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being 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 and UBE Industries Limited.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Application, Distribution Channel, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and UBE Industries Limited
Customization Scope 10% Free Customization
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Global Polyimide Film Market to Reach US$ 3.7 Billion by 2032, Fueled by Widespread Product Utilization Across Various Industries
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