Home / Press Release / Polyimide Films Market to Grow at an Estimated CAGR of 6% During the Forecast Period 2022-2030

Polyimide Films Market to Grow at an Estimated CAGR of 6% During the Forecast Period 2022-2030

The global polyimide films market will expand by 6% from 2022 to 2030. Asia-Pacific leads in market share due to its potential end-user sectors. Polyimide use in automotive and aerospace is one of the market's most prominent trends. High cost compared to other polymers and weak bonding strength compared to prospective alternatives are expected to slow market growth. Electric vehicles and food-safe and bio-compatible commodities are expected to create business opportunities. Polyimide is used in vascular catheters due to its resilience to burst pressure, flexibility, and chemical exposure. This material can also coat optical fibers for high temperatures or medication. The rising healthcare industry is expected to boost the polyimide market. According to a study by federal actuaries, the US spends $3.65 trillion on healthcare. This is the most money ever spent, according to the OECD. Due to improved coverage and services and increased public and private investment, India's healthcare industry has become a key economic pillar. The government's healthcare budget grew to 1.4%. IBEF predicts India's healthcare market would reach USD 370 billion by 2022. This expansion is expected due to increasing disposable incomes, health awareness, lifestyle diseases, and insurance. The hospital industry is expected to grow by 16.5% by 2022. Such factors are expected to fuel the healthcare industry, which will expand polyimide utilization in its applications.

New technologies are driving the electronics industry's growth. In this industry, 3D TVs, smart TVs, smartphones, and tablets are growing quickly. Flexible printed circuit boards (FPCBs) are manufactured from polyimide filmss attached to copper foils. Most typical polyimide filmss are yellow to deep amber and cannot be used to make FCCL. Clear polyimide filmss are used to make transparent FCCLs. Consumers want tiny, lightweight, thin electronics. Therefore, trustworthy, lightweight, and durable materials are needed. Polyimide filmss and tapes are used to make PCBs for portable computers, watches, panel boards, and digital cameras. Polyimide filmss are in high demand in the electronic industry due to their thermal stability, mechanical, and electrical properties. For example, the base of the cable that connects the main logic board to the display of a laptop often consists of polyimide, but the conductor of the cable is typically made of copper. When the laptop is opened or closed, the cord bends. Polyimide filmss' high-temperature properties, low dielectric constants, solvent inertness, and long-term stability drive demand in this area.

High-performance polyimide filmss and tapes need a monomer. The right monomer can give the finished product a low dielectric constant and low thermal expansion. The slow growth of the polyimide filmss and tapes industry is likely due to high manufacturing costs and restricted monomer availability. Polyimide films manufacture requires technical expertise and specialized equipment. Chemical imidization during polyimide films manufacture avoids depolymerization. Polyimides gain better mechanical properties as a result. The finished product cost more since more reagents were used.

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PET and other polymer films are transparent. These films provide problems in optoelectronics engineering because of their limited temperature range. Due of their transparency, polyimide filmss and tapes are replacing conventional polymers. AMOLED screens have made displays thinner, lighter, and less fractured. These displays use flexible substrates and thin coatings like polyimide. Several phone makers are making bendable smartphone prototypes. Apple holds a patent on the technology, as do Royole'sFlexPai, Samsung's Galaxy Fold, Huawei's Mate X, and Lenovo's Cplus. Solar cells built with colorless polyimide filmss are lighter, cheaper, and easier to produce. Solar cell optical polymer substrates must be transparent and able to withstand 300°C processing temperatures. Transparent polyimide filmss and tapes make high-efficiency solar cells possible.

Polyimides are high-performance polymers with an imide functional group. The polyimide backbone affords these materials thermal and chemical stability. Imide structure offers these polymers strength. Processing polyimide filmss require a high level of technical competence, which is a problem. Strong heat and chemical resistance can lead to processing challenges, such as lack of solubility, which results in additional materials being incorporated into the polymer matrix. Choose a heat- and chemical-resistant material to avoid these issues. Polyimide films processing problems include: High nonuniformity and stress reduce film thickness to 50–60% of original values.

Consumer electronics is the world's largest consumer of polyimides and is predicted to drive future industry growth. The rising demand for portable computers, cell phones, gaming systems, and other personal electronics has helped expand the worldwide consumer electronics business. This industry is expanding in 3D TVs, cellphones, smart TVs, and tablets. Polyimide sheets laminated to copper foils generate flexible copper-clad laminates used to make flexible PCBs (FPCBs). Most typical polyimide filmss are yellow to deep amber and cannot be used to make FCCL. When making transparent FCCLs, colorless polyimide filmss are preferred over other materials. Customers demand compact, light electronics. Therefore, trustworthy, lightweight, and durable materials are in high demand. Polyimide filmss and tapes are used to make PCBs for watches, panel boards, portable computers, and digital cameras. Polyimide films's high demand in the electronic industry is due to its superior thermal stability, electrical, and mechanical properties. Laptop cables that connect the logic board to the display frequently have a polyimide base and a copper conductor. When the machine opens or closes, this wire must flex. High-temperature characteristics, low dielectric constants, solvent inertness, and long-term durability are why polyimide filmss are needed in this area. According to the Indian Brand Equity Foundation, the Indian consumer electronics market would nearly treble to USD 21.18 billion by 2025. Based on trends and estimates. Polyimide's use in consumer electronics is expected to rise, driving the industry.

APAC was the market leader in 2021. Due to saturation in end-user industries like electronics, the market for polyimide and imide polymers in North America is expected to grow slowly. Asia-Pacific is the largest market for polyimide and imide polymers. In Europe, especially the UK, Germany, and France, polyimide and imide polymer markets are robust. The European polyimide and imide market is expected to develop as the automobile sector recovers. China and India will consume the most polyimides in the Asia-Pacific region. Televisions, wires, cables, smartphones, portable computer devices, gaming systems, and other personal electronic gadgets experienced the highest growth in China's electronics industry, which satisfies domestic demand and exports the items. China's electronics industry is global. India, Japan, China, and South Korea also make cars. These cars contain polyimide, which explains regional demand. Growing air travel in China and India is expected to boost growth in the polyamide market. PET and other polymer films are transparent. These films provide problems in optoelectronics engineering because of their limited temperature range. Transparent polyimide filmss and tapes are preferred over regular polymers. Flexible AMOLED displays have made screens more delicate, lighter, and less fractured. These displays use flexible substrates and thin coatings like polyimide. China launched 89 spacecraft in 2020, making it one of the most prominent countries in the space business and growing polyimide utilization. More than 60% of the world's population lives in Asia-Pacific, so there is an increasing demand for X-Ray machines and cardiovascular tubes there. Healthcare is a key market for polyimide. Polyimides are also used to make flexible solar panels, and the growing demand for solar energy in India and China would boost the polyimide industry. India and China are significant solar customers. Because of these factors, Asia-Pacific is vital to the polyimides industry.

China is one of the world's fastest-growing economies, and almost all end-user sectors are growing due to its growing population, improved living standards, and higher income per capita. Disruptions in international trade and unfavorable geopolitical developments are expected to slow growth in the first few years of the predicted era. Polyimide is used in electronics for flexible cables and magnetic wire insulation. Future favorable conditions and relations are expected to boost growth in the second half of the projected period. Integrated circuits have a polyimide insulating and passivation layer. China is the world's largest electronics producer. Electronic products grew fastest in the electronics market. Smartphones, OLED TVs, tablets, wires, cables, and earphones. The country sells its manufactured commodities to foreign clients in addition to serving domestic demand. The production of electronics in China is expected to grow due to a rise in the disposable income of China's middle class and an increase in demand from countries that source from China. According to the Sector, Science, and Technology International Strategy Center (ISTI), Taiwan's semiconductor industry would develop due to the rising demand for integrated circuit (IC) devices used in AI applications. Taiwan's many semiconductor companies prompted this prediction. Healthcare, electronics, and semiconductors will boost the polyimides industry.

The market is consolidated with few competitors controlling most of the polyimides market. Dupont, Mitsui Chemicals, SABIC, Saint-Gobain, and Toray Industries Inc. are prominent players in polyimides. DuPont de Nemours, Kolon Industries, 3M, Kaneka, and UBE Industries are global market players.

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