Polyimide Film Market Report

Polyimide Film Market Analysis By Application (Flexible Printed Circuit, Wire & Cable, Pressure Sensitive Tape, Specialty Fabricated Product, Motor/Generator), By End-use,And Segment Forecasts, 2014 - 2025

Published: August 2017  |  114 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-522-9

Industry Insights

The global polyimide film market size was estimated at USD 1,492.3 million in 2016. Development in aerospace technology and growth in electronics sector is driving demand of this industry. Increasing consumption of consumer electronic products such as mobile phones and flexible displays is also expected to influence the industry positively.

The market is anticipated to grow at a hig8h rate over the forecast period, owing to new breakthroughs, innovations, and studies expanding the products application scope. The products are extensively used in automobiles, aircraft's, electrical & electronics, labeling and most importantly defense devices.

U.S. polyimide films market revenue by application, 2014 - 2025 (USD Million)

U.S. polyimide films market

Acquisition and joint ventures are an integral part of this market and allow companies to expand their position and hold across the world. The trend in this industry signifies that companies are acquiring possessing technology and patents for producing raw materials from other manufacturers. The product is used to reduce electrical consumption and interconnection between circuits by up to 60%.

Governments and private institutions are extensively financing R&D activities to identify untapped application sectors. These films are used in aircraft and defense electronics due to its light weight and strong electromechanical properties.

Application Insights

Flexible printed circuit occupied the maximum share in 2016. Widespread usage of FPC in consumer electronics such as mobile phones, next generation flexible displays and automobile is projected to augment development. FPC is also used in the aerospace sector to provide thermal resistance in high heat application regions. FPC is a critical component in circuit boards and shares a wide variety of applications in various sectors.

Wire & cable emerged as the second largest segment and expected to grow at a healthy growth rate over forecasted period. Increased use of wire & cable made in the aerospace and automotive sector is expected to drive demand for wire & cable. It is suitable for applications where high thermal resistivity & high tensile strength, solvent resistance, flammability and electrical resistivity is required.

The rise in demand for electronics and aerospace is creating a high growth potential for pressure sensitive tapes. Motor/generator is another major application where it is used for insulation purpose as well as for providing thermal resistance to the product in high heat regions.

Specialty fabricated products which have applications in speaker coils, space blankets, carrier and transport belts, gaskets and sensors and spiral wrapped tubing is growing because of growth of its end-use segment. Transport belt, gaskets, and sensors are driving specialty fabricated products because of high demand in construction, manufacturing and aerospace activities.

End-use Insights

Polyimide films are widely used in electronics applications which account for 32.9% of overall demand. Electronics segment is growing at the fastest growth rate owing to high demand for consumer electronics and increase in electrical components in the automobile sector. According to data provided by U.N, more people have cell phone access than toilets. Out of 7.5 billion world’s population, more than 6 billion population uses cell phones, more than 1.68 billion use television. The widening of product distribution channels has made these products readily available to the consumer.

Global polyimide film market revenue by end-use, 2016 (%)

Global polyimide film market

The aerospace segment is anticipated to grow at second highest growth rate. Polyimide films are used for various aerospace applications such as wire & cable insulation, sensors, engines, etc. The increase in private investment and government expenditure towards aerospace activities is driving this segment. The product is significantly utilized in defense equipment owing to its characteristics of providing light weight along with great strength.

Advancements in automobile technology coupled with increasing disposable income and standard of living are projected to drive this sector. The increase in infrastructure development coupled with the huge population in developing nations such as India and China are creating a favorable market for automobiles. Many new product launches have enabled consumers to pick their choice of product from a wide range of options.

Labeling is another major end-use segment which is rising because of demand for products which can sustain in high heat areas. Labeling is a core part of any product, and in case of flammable and explosive products, it is mandatory to use an appropriate label. Companies are using polyimide films which provide substantial thermal resistance thus save the label from damage due to heat.

The aerospace sector growth attributed to the high demand for next generation aircraft as passenger growing from the developing nations in Asia Pacific and Central and South America. Boeing estimates that its production is likely to touch 52 per month by 2018. Hence it is estimated that with the global production of aircraft industry rising, the demand for polyimide films will also see a proportional increase.

Regional Insights

Asia Pacific emerged as the largest and fastest growing region and had more than 43% of the global revenue share in 2016. Developing economies such as India, South Korea, Indonesia, and China are expected to witness strong economic growth over the coming years. Innovation, rising household incomes and price deflation especially in developing countries of Asia Pacific have created high demand for consumer electronic products.

Increasing automotive production and investments in defense & aerospace are projected to enhance demand for such films across the globe. Recent technological development in terms of producing colorless polyimide film due to the rapid evolution of optoelectronic engineering is attracting attention from academic and engineering section.

North America is the second largest market for polyimide films after Asia Pacific. High standard of living and well-developed economy & infrastructure are primary drivers for the growth of this industry. Under Toxic Substances Control Act (TSCA), all polymers are regulated in U.S. Liberal laws for chemicals in comparison to Europe is supporting this industry on the regulatory front.

Competitive Insights

Most of the key players have integrated from raw material production to distribution to maintain quality in raw material. It provides a competitive advantage in the form of cost benefits with increasing profit margin. R&D became the most important factor for companies to survive and perform because of stiff competition, rapid change in technology and more demanding customers.

Polyimide film shares a diversified ecosystem which consists of upstream manufacturers, end users, vendors along with stakeholders and government organization. E. I. Du Pont De Nemours and Company, Saint-Gobain, Flexcon company and Arakawa Chemicals Industries, Ltd are some of the prominent businesses in this sector.

In 2016, Kolon manufactured world’s first transparent polyimide film which is considered as a suitable substitute for glass used in different displays. Advancement in technology and research in the sector development are expected to replace traditional films with transparent films in flexible displays used by electric and electronics industry.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Volume in Tons,revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Germany, UK, France, China, Japan, India.

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecastsrevenue growth at global, regional & country levels and provides an analysis on theindustry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global polyimide filmmarket on the basis ofapplication,end-use and region:

  • Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Flexible printed circuit

    • Wire & cable

    • Pressure sensitive tape

    • Specialty fabricated product

    • Motor/Generator

  • End-use Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • Electronics

    • Aerospace

    • Automotive

    • Labeling

    • Others

  • Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • UK

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

    • Middle East & Africa

Key questions answered by the report
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