Scienza e Tecnologia
Polyimide Films and Tapes Market worth $2.1 billion by 2025 - Exclusive Report by MarketsandMarkets™
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Increased demand from the electronics industry, the growing automotive industry, and superior thermal & mechanical properties of polyimide films in comparison to other polymers are the key factors driving the growth of this market.
Based on application, the flexible printed circuits segment is projected to grow at the highest CAGR from 2020 to 2025. Flexible printed circuits are widely used in automotive and electronics industries. Polyimide films and tapes are also the most preferred insulating material due to their low dielectric constant.
Based on end-use industry, the electronics segment is anticipated to grow at the highest CAGR from 2020 to 2025. Polyimide films and tapes provide excellent electrical insulation properties under harsh conditions, such as high-temperature ranges and exposure to aggressive chemicals. They are increasingly being used by component manufacturers and equipment designers due to their design flexibility. As a result, the electronics industry is the largest consumer of polyimide films and tapes globally.
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The polyimide films and tapes market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. China , India , Japan , and South Korea are key countries contributing to the high demand for polyimide films in this region. Innovation, price deflation, and rising household incomes, especially in emerging Asian markets, have resulted in the high demand for consumer electronic products, thereby contributing to the growth of the polyimide films and tapes market in this region.
Some of the key players in the market include E. I. du Pont de Nemours and Company (US), PI Advanced Materials Co., Ltd. ( South Korea ), Toray Industries Inc. ( Japan ), Kaneka Corporation ( Japan ), Ube Industries ( Japan ), Taimide Tech. Inc. ( Taiwan ), Arakawa Chemicals Industries Inc. ( Japan ), Shinmax Technology Ltd. ( Taiwan ), and FLEXcon Company, Inc. (US).
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