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The polyimide films are produced by polymerization in polar solvents through the process of imine treatment and film-forming at high temperatures. The polyimide films possess excellent chemical, electrical and physical properties. Furthermore, owing to its lightweight and flexibility it is majorly used in the electronic industry for cables, chips, and digital semiconductors. The polyimide films could be easily applied at extensive ranges of temperatures and also exhibit solvent radiation resistance. It finds its applications in specialty fabricated products, flexible printed circuits, and pressure-sensitive tapes.
The rising demand for flexible printed circuits will lead to the growth of the polyimide film market. The flexible printed circuit is also called flex circuits. Its flexibility and lightweight properties makes it an ideal choice in consumer electronics such as next-generation flexible displays, mobile phones, and automobiles. Additionally, owing to its thermal resistance in high heat application, it finds its application in the aerospace sector. Hence, the growth in the electronics and aerospace industries will propel the demand for the flexible printed circuit, which will further fuel the consumption polyimide films.
However, the high cost associated with the processing of polyimide films is anticipated to hinder the market growth.
Key Market Driver -
Rising demand of flexible printed circuit in various applications to drive the market
Key Market Restraint -
High cost with the processing of polyimide film to hinder the market growth
Based on application, the polyimide film market is segmented into flexible printed circuit, wire & cable, pressure sensitive tape, specialty fabricated product, motor/generator, and others. Based on end-use, the market is segmented into electronics, aerospace, automotive, labeling, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the polyimide film market includes DuPont, Toray Industries, Inc., SKC Kolon PI, Kaneka Corporation, Ube Industries LTD, Taimide Tech Inc., Arakawa Chemicals Industries Inc., Shinmax Technology Ltd., FLEXcon Company Inc., and Saint-Gobain SA.
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Based on the region, the polyimide film market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia-Pacific is expected to hold the highest revenue share during the forecast period, in which China and India are the key countries contributing to the growth. The growing automotive production and investments in defense & aerospace industry will surge the growth for the polyimide film market in this region. In North America, the US is the leading contributor, technological development in terms of producing colorless polyimide films due to the rapid evolution of optoelectronic engineering is anticipated to fuel the market growth. Europe is the third-largest contributor for the market, owing to the rising use of polyimide film in the automobile industry. The Middle East & Africa accounted for sustainable growth, due to the rising use of electronics products.
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