Polyimide Film Market Sales Revenue to Touch $3.0 Billion By 2030 | Major Companies, Opportunities, Strategies and New Trends

Polyamide film is designed to offer thermal & electrical insulation and enhanced physical & chemical properties, making it suitable to be used for high-temperature insulation applications.

The electronics industry is growing rapidly due to rapid technological innovations in the sector. For instance, according to a report published by the National Investment Promotion & Facilitation Agency, the Indian electronics industry is expected to grow 6.5 times, and is projected to reach $152 billion from $23.5 billion by 2025. Polyimide films exhibit superior insulation ability and temperature stability that make them suitable for use as an insulating and protective layer on electrostatically sensitive and fragile electric components.

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However, high production cost restrains the market growth. The manufacturing process of polyimide films involves several stages such as preparation of resin mixture, synthesizing, polymerization, and imine treatment. These processes require skilled professionals and highly sophisticated machines to impart several significant properties such as high tensile strength, electrical insulation, high thermal stability, and excellent dielectric properties.

On the contrary, development of transparent polyimide films with flexible substrate is predicted to offer new opportunity in the forecast period. Although conventional polyimide films possess excellent optical transparency, they lack the flexibility that restrains their applications in advanced optoelectronic engineering.

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The global polyimide film market analysis is done based on application, end use, and region. The applications covered in the study include flexible-printed circuit, pressure-sensitive tape, wire & cable, specialty fabricated product, and others. On the basis of end use, the market is categorized into electronics, automotive, aerospace, labelling, and others.

COVID-19 impact on the Cumene market:

► The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The major end users of polyimide films such as electronics, aerospace, automotive, labeling, and solar have been negatively impacted due to the pandemic outbreak.

► The ongoing health crisis has further increased the supply-demand gap, thus hampering the global polyimide film supply chain. According to an article published by the Economic Times, the exports of electronic products such as wires and cables, and semiconductors have declined due to supply chain issues.

► Moreover, several electronics companies have either shut down or shrank their operations due to the risk of infections among the workforce. Moreover, more than 100 countries have sealed their international borders for transportation and halted nonessential trade activities, which, in turn, have reduced the consumption of polyimide films among several end-use sectors.

► In addition, the falling income of customers and international travel restrictions have led to a contraction of the demand for polyimide films among the aerospace sector. For instance, according to a report published by the Airlines for America, the commercial airline passenger volume in September 2020 was 68% less than in September 2019, affecting long-term existential threats to manufacturers, the supply chain, and the entire air travel industry.

Key Benefits For Stakeholders:

► The report outlines the current market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.

► The Porter's five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.

► The major countries in the region have been mapped according to their individual revenue contribution to the regional market.

► The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.

► The profiles of key players and their key strategic developments are enlisted in the report.

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Key Market Players:

► rakawa Chemical Industries Ltd

► DuPont

► FLEXcon Company Inc

► Kaneka Corporation

► KOLON Industries

► Saint Gobain

► SHINMAX Technology Ltd

► Taimide Tech. Inc

► Toray Industries Inc

► UBE Industries Ltd.

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