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Global Polyimide Film (PI Film) Market Insight2021-12-30 Comments
The polyimide film (PI Film) is forecast to steady increase over the next four years. According to the World Knowledge Information (WKI) “Global Polyimide Film (PI Film) Professional Survey Report 2021, Forecast to 2026”, The high demand for polyimide film (PI Film) in various end-use industries such as automobile and consumer electronics has promoted the development of the global polyimide film (PI Film) market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 4.29% base on WKI regression analysis model.
“From the current situation of the industry, the polyimide film (PI film) industry is being occupied by leading participants in a large area, the industry concentration is high, and it is difficult for new entrants to squeeze into the market. Small enterprises can also choose to seek mergers and acquisitions to enhance their strength.” said Selena, Senior analyst, Chemical & Material Market Research Center in WKI.
The electronics industry is witnessing significant growth in the polyimide film (PI film) market, mainly because consumers prefer small, light and thin electronic products. Therefore, there is a high demand for lightweight, durable and reliable materials. polyimide films (PI Film) and tapes are used to manufacture printed circuit boards for compact electronic devices, such as portable computers, watches, panels and digital cameras. Thermal stability and excellent mechanical and electrical properties lead to strong demand for polyimide film (PI Film) in the electronic industry, which promotes the expansion of polyimide film (PI film) market scale.
However, high manufacturing costs and high-level technical capabilities involved in polyimide film (PI film) processing are the main challenges facing the market.
The main market participants operating in the global polyimide film (PI Film) market are E. I. DuPont de Nemours and Company (US), PI Advanced Material Co., Ltd. (South Korea), Ube Industries Ltd.(Japan), Taimide Tech. Inc. (Taiwan), 3M Company (US), Kaneka Corporation (Japan), Kolon Industries Inc. (South Korea), Arakawa Chemicals Industries Inc. (Japan), Shinmax Technology Ltd. (Taiwan), FLEXcon Company, Inc. (US) and others.
Segmentation of Polyimide Film (PI Film) Market:
According to the type, the polyimide film (PI film) market can be divided into pyromellitic acid polyimide film and biphenyl polyimide film. Pyromellitic acid polyimide film occupies the leading position in the polyimide film (PI film) market. Because its chemical properties are more stable. According to the application, the polyimide film (PI film) market can be divided into aerospace, electronic products, automobile, solar energy industry and others. Electronic products are the largest end use industry segment in the polyimide film (PI film) market. In the field of electronic products, manufacturers are looking for alternatives to metal and glass. These polyimide films (PI Film) and tapes provide them with an ideal combination of price and performance. Due to its superior performance, it will promote the scale expansion of this market segment.
Polyimide Film (PI Film) Market: Regional Analysis
In terms of geography, the global polyimide film (PI Film) market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific region currently dominates the polyimide film (PI film) market and will continue to maintain a leading position in the forecast period. The growing electronics industry in the region leads to a large demand for polyimide film (PI film). In addition, with the increase of consumers’ preference for portable products, manufacturers in the consumer electronics industry choose to use polyimide film and tape instead of glass to manufacture mobile device displays, which promotes the increase of demand for polyimide film (PI film) and the expansion of the market scale of polyimide film (PI film).
Largest share area：Asia-Pacific
Largest share country：Japan