Overview:
The essential nature of pressure-sensitive tape, wire cables is a key factor that will aid in developing the polymide film market size. The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The market is estimated to note a heartening CAGR throughout the forecast period.
The benefits of tensile strength, heat and chemical stability are predicted to motivate the development of the polymide film market in the forecast period. The expansion of the automobile market is estimated to create promising scope for the polymide film market in the forthcoming years.
Segmental Analysis
The segmental study of the polymide film market is carried out on the basis of application, end user industry, and region. The end-user industry segment of the polymide film market consists of aerospace, automotive, electronics, labeling, medical, and mining drilling. The polymide film market's application segment consists of specialty fabricated product, flexible printed circuits (FPC), pressure-sensitive tape, motor generator and wire cable. The region segment of the polymide film market consists of Asia Pacific, Europe, North America and other prominent regions.
Detailed Regional Analysis
The regional overview of the polymide film market consists of Asia Pacific, Europe, North America and other prominent regions. The Asia Pacific polymide film market is estimated to exhibit the maximum growth with a positive CAGR in the forecast period. The quick development in the industries, mostly in India, Japan, and China, is powering the development of polyimide film in the Asia Pacific region. Furthermore, the promising government directives such as tax benefits and incentives have appealed to many industry companies to compete for the lucrative share of the Asia Pacific regional market. The North American polymide film market is another leading region in the global market. The advanced end-user businesses such as automobile, aerospace, electronics, among others, are appreciably driving the polymide film market development. The European polymide film market is a profitable market due to the advanced medical, electrical electronics, and automobile sector. The main nations adding to the growth of the polymide film market are Italy, Germany, France, and the U.K, among others.
Competitive Analysis
The investment in developing e-commerce channels as well as the distribution network is predicted to accelerate global growth. The market is projected to see a turbulent growth phase ahead as the return to normalcy may occur in a staggered manner. Many countries are lifting or imposing lockdown measures intermittently, which may lead to slower market progress. The major corporations in the market are estimated to engage in strategies that will fortify and enhance their global position through mergers and new product launches. Governments worldwide are expected to amplify as they are motivated to get the economic recovery back on track. The improved spending by businesses on research and development is estimated to spur the market's advance further. Several countries' easing of regulatory measures is predicted to promote the market's resurgence in the upcoming years. The advanced utilization of raw materials effectively is predicted to create avenues for development in the forecast period. The focus on sustainability-related goals is estimated to streamline the next phase of development in the global market.
The notable contenders in the polymide film market are FLEXcon Company Inc. (U.S.), Kaneka Corporation (Japan), TORAY INDUSTRIES, INC. (Japan), SKC Kolon PI (South Korea), Ube Industries LTD (Japan), E. I. du Pont de Nemours and Company (U.S.), Shinmax Technology Ltd. (Taiwan), Taimide Tech Inc. (Taiwan), Arakawa Chemicals Industries Inc. (Japan), and Saint-Gobain SA (France) among others.
Industry Updates:
Apr 2021 DuPont Interconnect Solutions, a part of DuPont Electronics Imaging, recently declared the results of a recent study that show Kapton ECRC polyimide film offers an eight-fold improvement over typical polyimide films for shielding the conductors found in high-performance traction motors intended for the e-mobility market. The new Kapton product is a fragment of the novel corona-resistant wire insulation offerings from DuPont.
Apr 2021 A transparent polyimide (PI) film product advanced by Kolon Industries has been expended for the world's first foldable laptop. Its see-through PI film, called "CPI Film," has been expended as a cover window for the foldable laptop model Thinkpad X1 Fold distributed by Lenovo, a global computer titan. The innovative product is an extremely functional clear polyimide film advanced by Kolon Industries. The company accomplished the volume production of the film for the initial attempt in the world.
Apr 2021 Zymergen, a biofacturing startup situated in the United States, has launched its first product for electronics uses, is a novel polyimide film advanced by Zymergen - transporting a foremost amalgamation of high clarity and mechanical properties that is directed to permit more design autonomy for electronics products.
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