The "Polyimide Films and Tapes Market by Application (Flexible Printed Circuits, Specialty Fabricated Products, Pressure Sensitive Tapes, Motors/Generators, Wires/Cables), End-Use Industry - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The polyimide films and tapes market is projected to grow from USD 1,460 million in 2020 to USD 2,140 million by 2025, at a CAGR of 7.9% from 2020 to 2025.
Increased demand from the electronics industry, the growing automotive industry, and superior thermal & mechanical properties of polyimide films in comparison to other polymers are key factors driving the growth of this market. The high cost of polyimide films and tapes acts as a key restraint to market growth.
Flexible printed circuits are the largest application segment of the polyimide films and tapes market
By application, the flexible printed circuits segment accounted for the largest share of the polyimide films market in 2019. This large share is mainly attributed to the excellent properties of polyimide films that make them a preferred material in various end-use industries, such as electronics and automotive.
Electronics is the largest end-use industry segment of the polyimide films and tapes market
By end-use industry, the electronics segment accounted for the largest share of the polyimide films and tapes market in 2019. Polyimide films have good mechanical and electrical properties in comparison to other thermoplastic films and are, hence, widely used in several applications in the electronics industry. For instance, polyimide films are used as a base material for flexible printed wiring assembly, due to their excellent mechanical and thermal stability and low dielectric constant.
Asia Pacific is projected to lead the polyimide films market during the forecast period
By region, Asia Pacific is anticipated to lead the polyimide films market during the forecast period. The market growth in this region is mainly attributed to rising disposable incomes and growing demand for consumer electronics products. The Asia Pacific market is also expected to witness the highest CAGR from 2020 to 2025 owing to the high demand for polyimide films and tapes from countries such as China, Japan, India, and South Korea.
Increased Demand from the Electronics Industry
Strong Demand from the Growing Automotive Industry
Superior Thermal and Mechanical Properties in Comparison to Other Polymers
High Manufacturing Cost of Polyimide Films
Increasing Use in Aerospace Applications
Preference for Transparent Polyimide Films for Flexible Display and Optoelectronics
Emerging Applications for Polyimide Films Due to COVID-19
Issues with the Processing of Polyimide Films
Supply Chain, Trade, and Economic Disruptions Due to the COVID-19 Pandemic
E. I. Du Pont De Nemours & Company
Taimide Tech. Inc.
Toray Industries, Inc.
Nitto Denko Corporation
Ube Industries Ltd.
Mitsubishi Gas Chemical Company Inc.
PI Advanced Materials Co. Ltd.
Arakawa Chemical Industries, Ltd.
Aavid Kunze Gmbh
Kolon Industries, Inc.
Taiflex Scientific Co. Ltd.
Evertech Envisafe Ecology Co. Ltd.
Flexcon Company, Inc.
Yongkang Haotai Industry and Trade Co. Ltd.
Industrial Summit Technology Corporation
Parafix Tapes & Conversions Ltd.
Dr. Dietrich Muller Gmbh
Liyang Huajing Electronic Material Co. Ltd
Yunda Electronic Materials Co. Ltd.
Suzhou Kying Industrial Materials Co. Ltd.
Von Roll Holding Ag
Shinmax Technology Ltd.
Tianjin Hengji International Trade Co. Ltd
Circuit Components Supplies Ltd
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201030005340/en/
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