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Polyimide Films and Tapes Market 2024 - By Size, Trends, Opportunities And Forecast To 2033
Polyimide Films and Tapes Market
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According to The Business Research Company's, The polyimide films and tapes market size has grown rapidly in recent years. It will grow from $2.21 billion in 2023 to $2.55 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to growth in electronics and aerospace industries, demand for high-temperature and flexible materials, expansion of medical devices and sensors, development of lightweight and durable films, regulatory standards for material safety..
The polyimide films and tapes market size is expected to see rapid growth in the next few years. It will grow to $4.43 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to customized polyimide solutions for specific applications, sustainable and eco-friendly film and tape materials, growth in flexible and printed electronics, expansion in 5g and advanced communication technologies, adoption in wearable technology and iot devices.. Major trends in the forecast period include flexible and foldable electronic devices, regulatory compliance in polyimide material safety, miniaturization and nanoscale polyimide technologies, smart and self-healing polyimide films, collaboration between polyimide and material science..
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Market Drivers and Trends:
The rise in demand for electronics is significantly contributing to the growth of the polyimide films and tapes market going forward. Electronics are electronic devices or circuits that use microchips, transistors, and other components to perform a variety of tasks. Polyimide films and tapes are insulating materials that are widely used in electrical engineering and electronics for high-temperature resistance applications. For instance, according to the India Brand Equity Foundation, electronics demand is expected to increase from $33 billion in 2020 to $400 billion by 2025. Therefore, the rise in demand for electronics is promoting the growth of the polyimide film and tape market.
Technological developments have emerged as a key trend gaining popularity in the polyimide films and tapes market. Major companies operating in the polyimide films and tapes sector are focused on developing new technological solutions to meet consumer demand. For example, in June 2023, Blueshift, US based thermal protection systems for the aerospace, defense, and specialty electronics markets worldwide, launched its flagship RockeTape with market-leader Digi-Key Electronics, home to the world's largest selection of electronic components in stock for immediate shipment. As part of the "Fulfilled by Digi-Key" program, Digi-Key will stock and ship a selection of the RockeTape line of high-temperature protection, thermal insulation, and heat management tape.
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Major Key Players of the Market:
DuPont de Nemorus Inc., 3M Company, Arakawa Chemical Industries Ltd., Dunmore, FLEXcon Company Inc., Kaneka Corporation, Kolon Industries Inc., Mitsubishi Gas Chemical Company Inc., Nitto Denko Corporation, Saint-Gobain, Shinmax Technology Ltd., Suzhou Kying Industrial Materials Co. Ltd., Taimide Tech. Inc., Toray Industries Inc., Ube Industries Ltd., Axiom Materials Inc., Boyd Corporation, Changchun Ceres Tech Co. Ltd., Changchun SinoBao Technology Co. Ltd., Dunmore Corporation, HIP Technology, I.S.T. Corporation, Jiangsu Yabao Insulation Material Co. Ltd., Lenzing Plastics GmbH, MPM Holdings Inc., Saudi Arabia Basic Industries Corporation, Sheldahl Flexible Technologies, SKC Kolon PI Inc., Taihang Chemical Co. Ltd., Teijin Limited, Tianjin Tiansu Zhongxing Electrical Insulation Materials Co.Ltd., Triad Polymers Inc., Yancheng Hengsheng Insulation Co. Ltd., Yixin Science and Technology Co. Ltd.
Polyimide Films and Tapes Market 2024 Key Insights:
• The polyimide films and tapes market size is expected to see rapid growth in the next few years. It will grow to $4.43 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%.
• The Surge In Electronics Demand Driving The Polyimide Films And Tapes Market
• Technological Advancements Fueling Growth In The Polyimide Films And Tapes Market
• Asia-Pacific was the largest region in the polyimide films and tapes market in 2023
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