San Francisco, 3 January 2019: The 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, 2018 - 2025
According to a report
published by Grand View Research, Inc.; the polyimide films market is expected
to reach a valuation of USD 3.12 billion by 2025. Growing application scope in automotive,
electronics, labeling and labels, and aerospace industries can propel the
market development during the forecast period (from 2018 to 2025). Rapidly expanding
electronics sector and advancements in aerospace technology are also expected
to boost the market growth. The polyimide films are extensively utilized in
aircraft and defense electronics as they are lightweight, possess better
electromechanical properties, and help reduce electricity consumption.
Increasing demand for consumer
electronics, such as mobile phones and flexible displays, can also have a positive
impact on the market growth. Constant innovations in the field are also contributing
toward the growth of this market. For example, the development of colorless
polyimide films as a result of evolution of optoelectronic engineering. The transparent
films can also be used as a replacement to traditional films in flexible
displays in electric and electronics industries. Also, increasing funding from private
and government organizations for R&D activities is expected to have a
positive impact on the market growth.
Access Research Report of Polyimide Films Market@ www.grandviewresearch.com/industry-analysis/polyimide-film-market
Worldwide polyimide market can
be segmented on the basis of application, end-use, and region. Based on
application, the market can be divided into Flexible Printed Circuit (FPC),
wire and cable, motor/generator, specialty fabricated product, and pressure
sensitive tape. The FPC segment accounted for the highest market share in 2016.
Extensive usage of FPCs in next generation flexible displays and automobile can
boost their demand over the coming years. Wire and cable was the second-largest
segment and is anticipated to witness strong growth during the forecast period.
Growing utilization of wires and cables in automobile and aerospace is
anticipated to drive the segment growth during the forecast period.
Based on end-use, the market
can be categorized into electronics, aerospace, automotive, labeling, and
others. The electronics segment held 32.9% of the global demand. The segment is
expected to generate high demand during the forecast years. In electronics
segment, polyimide films are used in mobile phones, printers and scanners,
ink-jet cartridges, camcorders, and pagers. The aerospace segment is considered
as the second-largest segment. Increasing expenditure on the development of
aerospace sector by various governments can drive the segment growth. Growing
demand for next-generation aircraft from emerging countries of Central and
South America and Asia Pacific is expected to drive the segment.
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The automotive sector is
expected to grow on account of technological developments in automobile
technology. Robust infrastructure development and increasing population in
emerging countries, such as China and India, are driving the growth of
automobile sector. The labeling segment is also expected to witness
considerable growth over the next few years. Geographically, the market can be
divided into North America, Europe, Asia Pacific, Central and South America,
and Middle East and Africa. Asia Pacific led the global market accounting for a
revenue share of 43%. Increased demand for consumer electronics in APAC due to price
deflation, growth in disposable income, and constant innovations will drive the
regional market.
Emerging countries, such as
China, India, Indonesia, and South Korea, are anticipated to witness high
economic growth in the years to come. This will have a positive impact on the
regional market development. North America is considered as the second-largest
market. Well-established infrastructure and high living standards are the key
growth-driving factors for the North America regional market. In addition, the
fact that U.S. has liberal laws for chemicals as compared to Europe is supporting
the market growth. Some of the leading companies in the global polyimide films
market include Von Roll Holding AG, E. I. Du Pont De Nemours and Company,
Arakawa Chemicals Industries, Kaneka Corporation, and Saint-Gobain.
Access
Press Release of Polyimide Films Market@
www.grandviewresearch.com/press-release/global-polyimide-film-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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