Polyimide Film Market is Forecasted to Reach US$ 2.72 billion in 2028, Says Stratview Research

The global polyimide film market is projected to witness a growth rate of 8.6% annually from 2023 to 2028, with an anticipated size of US$ 2.72 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global polyimide film market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 2.72 billion
Growth (CAGR): 8.6% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Polyimide Film Market:

The global polyimide film market is segmented based on application type, end-use industry, and region.

Based on application type - The market is segmented as flexible printed circuits, specialty fabricated products, pressure-sensitive tapes, wires & cables, and motors/generators. The flexible printed circuits segment is estimated to register the highest growth in the coming five years. It is also the largest and fastest-growing application during the forecast period. The growth is attributed to its increasing demand in end-use industries, such as automotive and consumer electronics.

Based on end-use industry type - The market is segmented as electronics, automotive, aerospace, solar, labeling, and others. The electronics segment is expected to have the highest growth during the forecast period. Polyimide films find extensive applications in the electronics industry, such as capacitor and transformer insulation, oil insulation, magnetic wire insulation, and gold leaf masking in the process of wave soldering. All of these factors drive the growth of this segment.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/570/polyimide-film-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to register the highest growth in the coming five years for polyimide films. This growth outlook is majorly attributed to the following-

• The region is also expected to be the fastest-growing market.
• China and India are the growth engines of the region. The market is driven by rising disposable income, innovation, price deflation, and increasing demand from the consumer electronics industry.
• North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

Polyimide Film Market Drivers:

Some of the key drivers listed in the report are given below.

Rise in the demand of consumer electronics: The expansion of the polyimide films market is driven by the increased demand of the electronics. As electronic devices get more compact and smaller, there is an increasing need for insulation materials that are more flexible and thinner. Polyimide films are ideal for the compact spaces found in modern electronic products such as wearables, tablets, and smartphones. These electronic products generate heat while operating, polyimide film coating prevents it as it has exceptional thermal stability.

Aerospace and Defence industry: The utility of polyimide film in aerospace components and thermal shielding has increased due to the aerospace industry's growing reliance on lightweight and high-performance materials. Moreover, the aerospace and defence industry generated $425 billion in economic value, representing 1.6 percent of the 2023 nominal GDP in the U.S.

Top Companies in the Polyimide Film Market:

Stratview Research has identified the following companies as the top market players.
• Arakawa Chemicals Industries, Ltd.
• Du Pont-Toray Co. Ltd.
• E.I. Du Pont De Nemours and Company
• Flexcon Company, Inc.
• Kaneka Corporation
• Kolon Industries, Inc.
• Skckolonpi Co.Ltd.
• Taimide Tech, Inc.
• Trade Co., Ltd
• UBE Industries Limited
• Yongkang Haotai Industry

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Polyimide Film Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.