Colorless Polyimide Films Market | Key players operating in the market include E. I. du Pont de Nemours and Company, Kaneka Corp, Kolon Industries, SK Innovation, Sumitomo Chemical Company

According to recent market research "Colorless Polyimide Films Market by Application (Flexible Displays, Flexible Printed Circuit Boards, Flexible Solar Cells, Lighting Equipment), End-Use Industry (Electronics, Solar Energy, Medical), and Region - Global Forecast to 2026", The colorless polyimide films market is projected to grow from USD 70 million in 2021 to USD 1,162 million by 2026, at a CAGR of 75.3% from 2021 to 2026. The market growth is driven by the increasing demand for colorless polyimide films from applications such as flexible displays, flexible solar cells, and flexible printed circuit boards, among others.

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By application, the flexible displays segment accounted for the largest share of the colorless polyimide films market in 2020. With digitalization, a significant volume of information is being exchanged through electronic media, and hence, consumers demand high-quality, convenient, and portable digital devices with advanced display designs. With rising applications across multiple industries, designers are looking for greater freedom in developing them and are moving away from traditional display designs to next-generation displays that are larger, thinner, lightweight, and have the ability to curve and be flexible. Researchers have been focusing on developing advanced materials, and at the forefront of making flexible displays a reality is the optical polymer film termed as colorless polyimide. This type of 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.

By end-use industry, the electronics segment accounted for the largest share of the colorless polyimide films market in 2020. Colorless polyimides provide excellent thermo-mechanical properties, have high chemical resistance, and are also optically transparent. These properties are suitable for manufacturing electronics such as flexible displays, flexible printed circuit boards, flexible solar cells, and lighting equipment. Fabricating temperatures may go as high as 300°C, and conventional aromatic polyimides tend to disintegrate or change their color at such high processing temperatures. Hence, the demand for colorless polyimides is expected to increase as manufacturing technologies become more efficient and consistent.

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A colorless polyimide is a variant of the polyimide group of polymers. This advanced material integrates the advantages of traditional aromatic polyimide films with conventional polymer optical films, resulting in a distinct mix of properties such as high thermal stability, high thermal dimensional stability, high chemical resistance, lower dielectric constant and most notably high optical transparency and transmittance. The colorless polyimide films market is projected to grow from USD 7022 million in 2021 to USD 1,162 million by 2025, at a CAGR of 75.3% from 2021 to 2026. The increasing demand for colorless polyimide films from applications such as flexible displays, flexible solar cells, and flexible printed circuit boards, among others, is expected to drive the colorless polyimide films market.

E. I. du Pont de Nemours and Company (US), Kaneka Corporation (Japan), Kolon Industries Inc. (South Korea), SK Innovation Co., Ltd. (South Korea), and Sumitomo Chemical Company Ltd. (Japan), are the key players in this market. Other noteworthy public and private players in this market are Wuhan Imide New Materials Technology Co., Ltd. (China), Industrial Summit Technology Corporation (Japan), NeXolve Holding Company (US), Wuxi Shunxuan New Materials Co., Ltd. (China), Suzhou Kinyu Electronics Co., Ltd. (China), Changchun Gao Qi Polyimide Material Co., Ltd. (China), Zymergen Inc. (US), and Dr. Dietrich Muller GmbH (Germany). These players have adopted strategies such as expansions and new product development to enhance their position in the market.

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In line with the rising demand for colorless polyimide films, in March 2019, SK Innovation Co., Ltd. announced the completion of its demo plant to produce Flexible Cover Window, with commercial production scheduled for 2020. The company aims to offer clear polyimide films to the global foldable smartphone market, which is expected to grow in the coming years.

In March 2019, Kaneka Corporation developed colorless polyimide films for flexible electroluminescent (EL) displays, with plans to start sample shipment by the first half of 2019. The company expects the market for colorless polyimide films to grow due to the emergence of next-generation electronic devices, which will result in increased demand for flexible displays.

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