Polyimide Films & Tapes Market

Updated on : August 22, 2024

Polyimide Films Market

The global polyimide films market was valued at USD 1.3 billion in 2023 and is projected to reach USD 1.8 billion by 2028, growing at 8.7% cagr from 2023 to 2028. Polyimide films & tapes have good electrical insulation properties. They are frequently used to insulate parts and wiring in the semiconductor and electronics industries. As electric devices become more advanced and powerful, there is a need for reliable insulation materials such as polyimide films.

Attractive Opportunities in the Polyimide Films & Tapes Market

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Polyimide Films & Tapes Market Dynamics

Driver: Increased demand from the electronics industry

There is a growing demand for insulation materials that are thinner and more flexible as electrical gadgets get smaller and more compact. Polyimide sheets are perfect for electrical insulation in the small spaces of contemporary electronic devices like smartphones, tablets, and wearables. Films made of polyimide are known for having outstanding thermal stability. These films are essential for maintaining the integrity of electrical systems and preventing short circuits caused by high temperatures in the electrical industry, where components may produce heat during operation.

Restraint: High manufacturing cost of polyimide films

 Raw materials, production procedures, and the unique qualities and characteristics of polyimide materials are some of the leading causes of the high manufacturing cost of polyimide film. For polymerization and film casting, the manufacturing process might require the usage of pricy solvents and chemicals. These solvents must be carefully selected to guarantee the desired film qualities and adhere to safety and environmental laws. High-temperature manufacturing processes are necessary for polyimide films to attain their excellent thermal resistance. The overall cost of manufacturing includes equipment and energy costs related to high-temperature operations.

Opportunity: Preference for transparent polyimide films for flexible display and optoelectronics

Flexible displays and optoelectronics now prefer transparent polyimide film, sometimes called transparent PI or TPI. Transparent polyimide film’s mechanical integrity and transparency can survive repetitive bending and flexing without compromise. This flexibility is essential for applications like flexible displays, where the panel may need to bend or fold. Additionally, the longevity of flexible displays is guaranteed by TPI’s robustness. Electrical insulation, provided by transparent polyimide films, is necessary to prevent electrical interference and ensure electronic components’ security in optoelectronic devices.

Challenges: Issues with the processing of polyimide films and tapes
While producing high-performance materials, making polyimide films and tapes can create several difficulties and problems that manufacturers must face. Some of the critical issues in the processing of polyimide films are high non-uniformity, high stress due to which the thickness of the films is reduced to about 50-60% of the deposited values and poor adhesion. Some solvents can destroy polyimides, which can impact their performance. To prevent problems, proper solvent selection and management are crucial.

Polyimide Films & Tapes Market Ecosystem

PI Advanced Material Co., Ltd. (South Korea), DuPont (US), Kaneka Corporation (Japan), Taimide Tech. Inc. (Taiwan) and Ube Industries Ltd. (Japan) are prominent polyimide films & tapes companies. These companies are well-established, financially stable, and have a global presence in the market.

The flexible printed circuits application segment accounted for the largest share due to the electronics industry’s increased demand.
Electronic devices can produce heat when operating, and FPCs are frequently exposed to extreme temperature conditions. Because polyimide films can resist high temperatures without degrading, the FPCs will continue to function electrically, even in extreme conditions. This characteristic is essential for devices with powerful CPUs or those working in challenging environments. Many chemicals and solvents are resistant to polyimide films. This resistance protects the FPC’s long-term stability and dependability, essential in manufacturing processes that may expose workers to toxins.

Electronics is projected to be the fastest-growing end-use industry segment of the polyimide films and tapes market.
Polyimide films are used as phase insulation and slot liners in electric motors, particularly those exposed to high temperatures. Even under difficult operating circumstances, these films ensure that the winding wires are kept apart. Insulating tapes are crucial for protecting and securing electrical connections and components, and they are made from polyimide films. These tapes offer dependable electrical insulation while withstanding extreme temperatures.
 
Asia Pacific region is projected to grow at a significant CAGR during the forecast period.
Asia-Pacific is home to one of the world’s largest and fastest-growing automotive markets. Wire harnesses, sensors, and thermal management in automobiles all require polyimide films and tapes. The need for polyimide materials is rising due to rising EV demand and improvements in automotive technology. The Asia-Pacific region’s vital and expanding industries, particularly electronics, automotive, aerospace, and renewable energy, can be attributed to the region’s rising need for polyimide films and tapes.

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Polyimide Films & Tapes Market Players

Some of the key players in the market include PI Advanced Material Co., Ltd. (South Korea), DuPont (US), Kaneka Corporation (Japan), and Taimide Tech. Inc. (Taiwan), Ube Industries Ltd. (Japan), 3M Company (US),  Kolon Industries Inc. (South Korea), Arakawa Chemicals Industries Inc. (Japan), Shinmax Technology Ltd. (Taiwan), and FLEXcon Company, Inc. (US).

Polyimide Films & Tapes Market Report Scope

This research report categorizes the polyimide films & tapes market based on application, end-use industry, and region.

Based on the application, the polyimide films & tapes market has been segmented as follows:

• Flexible Printed Circuits
• Specialty Fabricated Products
• Pressure-Sensitive Tapes
• Wires & Cables
• Motors/Generators

Based on the end-use industry, the polyimide films & tapes market has been segmented as follows:

• Electronics
• Automotive
• Aerospace
• Labeling
• Solar
• Others

Based on the region, the polyimide films & tapes market has been segmented as follows:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Russia
  • France
  • Italy
  • Spain
  • Rest of Europe (Belgium and Portugal)
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Malaysia
  • Taiwan
  • Rest of Asia Pacific (Thailand, Singapore and Vietnam)
• South America
  • Argentina
  • Brazil
  • Rest of Latin America (Chile, Peru, and Columbia)
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Qatar
  • Kuwait
  • Rest of Middle East & Africa (Iran, Egypt, and Nigeria)

Recent Developments

• In June 2023, Arkema acquired 54.07% share of PI Advanced Materials Co., Ltd. to develop high-performance materials used in electronics and other industries.
• In May 2022, DuPont announced the expansion of its production of polyimide film in the US. The aim of this expansion is to enhance the properties of its Kapton polyimide films.
• In March 2020, Kaneka Corporation developed colorless polyimide films for flexible electroluminescent (EL) displays for the next-generation devices used in electronics.

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