NEW YORK , March 23, 2023 /PRNewswire/ -- The global polyimide film market size is estimated to grow by USD 1,296.7 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 10.11% during the forecast period. The market is driven by growth in the automotive sector. The automotive industry is growing significantly, especially in APAC. The increase in the purchasing power of consumers and the development of infrastructure have surged the adoption of vehicles. Polyamide films are extensively used in the automobile industry in various components such as acoustic panels, instrument panels, and anti-vibration panels. Thus, the growth in the automobile industry will increase the demand for polyamide films during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
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Global competitiveness and key competitor positions
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Global Polyimide Film Market - Segmentation Assessment Segment Overview Technavio has segmented the market based on end-user (electrical and electronics, automotive, aerospace, and others), application (flexible printed circuits, specialty fabricated product, pressure sensitive tapes, wires and cables, and others), and geography (APAC, Europe , North America , South America , and Middle East and Africa ).
The electrical and electronics industry is the prime end-user in the market. Polyamide films are widely used in the electrical and electronics industry as a standard insulation material. They are also used in capacitors, insulation materials for transformers, coil insulation, and magnetic wire insulation in this industry. These factors are driving the growth of the segment in focus.
Geography Overview By geography, the global polyimide film market is segmented into APAC, Europe , North America , South America , and Middle East and Africa . The report provides actionable insights and estimates the contribution of all regions to the growth of the global polyimide film market.
APAC will account for 39% of the market growth during the forecast period. The increasing demand from end-user industries such as automotive, construction, medical, and, aerospace and defense has been crucial in driving the growth of the regional market. In addition, factors such as high economic growth rate, the increase in the number of manufacturing industries, and the increase in foreign investments are contributing to the growth of the polyamide market in APAC.
Insights on the market contribution of various segments including country and region wise, historic period (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report
Global Polyimide Film Market – Major Vendors
The global polyimide film market is fragmented with the presence of several global and regional vendors. The vendors focus on innovations to reduce disadvantages and maintain the popularity of their products. Competition in the market is based on numerous factors such as brand recognition, type of panel, capacity, energy efficiency, performance, and price. Global and diversified companies will have a competitive advantage over other companies as they can offer a wide range of products at a competitive price. Some of the key vendors covered in the report include:
3M Co. - The company offers polyimide film such as 3M Polyimide Film Tape 5413.
Arakawa Chemical Industries Co. Ltd. - The company offers polyimide films such as POMIRAN.
Changshu Huaqiang Insulating Materials Co. Ltd. - The company offers polyimide films such as H Type, FH Type, and PSA tape.
Compagnie de Saint Gobain SA - The company offers polyimide film such as VERSIV Films.
Global Polyimide Film Market – Market Dynamics
The emergence of transparent polyimide films for optoelectrical devices is identified as the key trend in the market.
Transparent polyamide films offer the benefits of both aromatic polyamide films and polymer optical films.
They find many applications as substrates in flexible display devices, flexible solar cells, flexible printing circuit boards, and conductive substrates for touch panels.
The increasing adoption of optical films in liquid crystal display (LCD) panels has further expanded the market for transparent polyamide films.
The increase in the screen size of television sets and the introduction of advanced OLED displays is also driving the demand for transparent polyamide films.
This trend will positively influence the growth of the market during the forecast period.
The excessive cost of polyimide films is considered as the major challenge in the market.
Polyamide films have excellent properties that make them suitable for various end-user applications. However, their high cost is reducing their demand.
Polyamide films are about ten times more expensive than PET films.
Manufacturing polyamide films is cumbersome as the molecular weights of the raw materials must be regulated, which increases the cost of the overall process.
These factors hinder the growth of the market in focus.
Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!
What are the key data covered in this polyimide film market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the polyimide film market between 2023 and 2027
Precise estimation of the size of the polyimide film market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the polyimide film market industry across APAC, Europe , North America , South America , and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of polyimide film market vendors
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The polyamide resins market size is expected to increase by USD 2.70 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.61%. The market is segmented by type (reactive polyamide resins and non-reactive polyamide resins) and geography (Europe , APAC, North America , the Middle East and Africa , and South America ).
The polyamide market size is expected to increase by USD 6.67 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.5%. The market is segmented by end-user (automotive sector, electrical and electronics sector, packaging sector, and others), type (PA 6, PA 6 and 6, bio-based PA, and specialty PA), and geography (APAC, Europe , North America , South America , and Middle East and Africa ).
Accelerate at a CAGR of 10.11%
APAC, Europe, North America, South America, and Middle East and Africa
US, China, Japan, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
3M Co., Arakawa Chemical Industries Co. Ltd., Changshu Huaqiang Insulating Materials Co. Ltd., Compagnie de Saint Gobain SA, Electron Microscopy Sciences, Ensinger GmbH, FLEXcon Co. Inc., Kaneka Corp., Mitsui Chemicals Inc., Nitto Denko Corp., PPI Adhesive Products Ltd., Shanghai Qian Feng Insulating Material Co. Ltd., Suzhou Kying Industrial Materials Co. Ltd., Taimide Tech. Inc., Taiwan Long Meng Composite Materials Co. Ltd., Ube Corp., Von Roll Holding AG, Yunda Electronic Materials Co. Ltd., Zhuzhou Times New Material Technology Co. Ltd., and DuPont de Nemours Inc.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
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3.4 Market outlook: Forecast for 2022-2027
4.1 Global polyimide film market 2017 - 2021
6.3 Electrical and electronics - Market size and forecast 2022-2027
6.4 Automotive - Market size and forecast 2022-2027
6.5 Aerospace - Market size and forecast 2022-2027
6.6 Others - Market size and forecast 2022-2027
7.3 Flexible printed circuits - Market size and forecast 2022-2027
7.4 Specialty fabricated product - Market size and forecast 2022-2027
7.5 Pressure sensitive tapes - Market size and forecast 2022-2027
7.6 Wires and cables - Market size and forecast 2022-2027
7.7 Others - Market size and forecast 2022-2027
9.3 APAC - Market size and forecast 2022-2027
9.4 Europe - Market size and forecast 2022-2027
9.5 North America - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 China - Market size and forecast 2022-2027
9.9 US - Market size and forecast 2022-2027
9.10 Germany - Market size and forecast 2022-2027
9.11 UK - Market size and forecast 2022-2027
9.12 Japan - Market size and forecast 2022-2027
10.3 Impact of drivers and challenges
12.4 Arakawa Chemical Industries Co. Ltd.
12.5 Changshu Huaqiang Insulating Materials Co. Ltd.
12.6 Compagnie de Saint Gobain SA
12.14 Taiwan Long Meng Composite Materials Co. Ltd.
12.17 Zhuzhou Times New Material Technology Co. Ltd.
13.3 Currency conversion rates for US$
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