So, it has extreme thermal stability and is therefore widely used in electronics industry. For instance, according to India Brand Equity Foundation (IBEF), The National Policy (DNP) targets production of 1 billion mobile phones by 2025. The polyimide films are used as a substrate for mobile phones, which influence the demand of polyimide films in electronic sector. In addition, newer generations of colorless polyimides have been recently introduced, exhibiting high transmittance and low yellow index for improved clarity, which boost the demand of polyimide films.
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Polyimide Films Market Segment Analysis – By Geography
Asia Pacific held the largest share in the polyimide films market in 2020 with 11.2%, due to rapid urbanization, education attainments and growing household incomes in developing countries like India and China. In the region the consumer electronics products demand is rapidly increases which also increases demand of polyimide films. According to Electronics System Design and Manufacturing (ESDM) the electronics market in India is expected to grow up to $400 billion by 2025. Global electronics manufacturing has grown from 1.3% in 2012 to 3% in 2018, also expected to generate $ 100-230 billion in the Economic value by 2025.
India’s electronic market accounts for 2.4 % of GDP. The Asia Pacific consumer electronics market revenue is poised to reach USD 650 billion by 2026. According to the China Internet Network Information Center (CINIC), internet penetration reached 61.2% in 2019, increasing by 1.6% compared to 2018 it will more help to increase electronic market. Thereby, the highest demand of polyimide films is expected to grow in the global level.
Polyimide Films Market Drivers
Increasing Demand from the Electronic Industry
Polyimide is a dielectric material which can perform well under harsh conditions, such as elevated temperatures. Therefore, polyimide films are used in electronics industry. Polyimide films have various properties like high temperature stability, mechanical properties and superior chemical resistance, which help to replace the conventional use of glass, metals and even steel in electronics industry and other industrial applications. According to India Brand Equity Foundation (IBEF), the Electronics hardware production in India increased from Rs. 4.43 trillion (US$ 72.38 billion) to Rs. 5.47 trillion (US$ 89.38 billion) between FY19-FY20. In addition, polyimide film is suitable for flexible printed circuits with excellent high-temperature and low thermal expansion. Thus, the use of polyimide films in electronic sector is expected to grow the overall market of polyimide films in near future.
Increasing Demand for Transparent Polyimide Films
Transparent Polyimide films provide excellent thermo mechanical properties, high chemical resistance and optically transparency in automotive sector. Hence, they are used in flexible printed circuits, pressure sensitive tapes, insulating circuit boards and flexible solar cell. Transparent polyimide films are laminated with copper foils, used in various industrial applications due to its excellent properties such as high light transmission, high temperature stability, moisture barrier, resistance to radiation. Transparent polyimide film possess excellent optical properties and improved tear strength while maintaining the physical properties of conventional transparent polyimide films like aromatic polyimide. Hence with these factors, polyimide films are highly recommended in various end use industries like aerospace, automotive, electronics and medical devices.
Polyimide Films Market Challenges
Lack of Process ability of Polyimide Films
Due to poor process ability, the use of polyimide films is limited in modern optoelectronic field, especially in the flexible electronic and display technologies. Polyimide film has extreme non-uniformity and reduction of thickness due to high stress creates issue in process of polyimide. Polyimide films are difficult to process because of rigidity, high melting temperature, and insolubility with organic solvents. Thus, poor processibility may hamper the market growth in near future.
Polyimide Films Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polyimide Films market. Major players in the Polyimide Films market are E. I. du Pont de Nemours and Company (US), PI Advanced Materials Co., Ltd. (South Korea), Kolon Industries Inc. (South Kore), Kaneka Corporation (Japan), Taimide Tech. Inc. (Taiwan) and 3M Company, and among others.
In December 2020, UBE Group’s or UBE Machinery Corporation ( core business company), Ltd. announced a launch of large-sized HH (Double Helix) Series for electric injection molding machine.
In February 2020, Von Roll Holding AG launched a solution CDM and Durapol for printed circuit board production, which will help to growth in revenue of Von Roll Holding AG.
In April 2019, Kaneka Corporation developed “Pixeo TM SR,” a super heat-resistant polyimide film for high frequency, high-speed 5G. It is to be deployed as a flexible print circuit board for 5G enabled smartphones.
Increasing demand from the electronics industry due to superior thermal & mechanical properties and high dielectric strength insulation of polyimide films is driving the growth of polyimide films market.
According to India Brand Equity Foundation (IBEF), the Appliances and Consumer Electronics Industry (ACE) is expected to reach Rs. 1.48 lakh crore (US$ 21.18 billion) by 2025. Thus, increasing demand of polyimide film in electronic sector is expected to grow the polyimide films market.
Polyimide films have excellent balance of physical, chemical and electrical properties over a wide temperatures range, with superior dimensional stability at elevated temperatures.
Polyimide has high optical transparency and transmittance along with a high thermal resistance, which proves to be essential for fabricating flexible displays as the operating temperatures are usually above 300° C and most other optical polymers.
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