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Colorless Polyimide Films Market- Growth Opportunities and Driving Demand, 2019-2027

Global Colorless Polyimide Films Market: Highlights

 

·         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, and lighting equipment.

·         Colorless polyimides are used in a wide range of applications including flexible printed circuit boards, lighting equipment, flexible displays, and flexible solar cells

 

Key Drivers of Global Colorless Polyimide Films Market

 

·         Growth in the global electrical & electronics industry is driving the colorless polyimide films market. The electronics industry in India is considered one of the fastest-growing industries in terms of production and export.

·         According to the International Data Corporation's (IDC) Asia/Pacific Quarterly Mobile Phone Tracker, demand for smartphones in India has increased significantly of late. In the second quarter of 2019, smartphone shipments in India rose to 36.9 million, up from 32.1 million in the second quarter of 2018. Thus, expansion in the electronics industry, particularly in India and China, is anticipated to propel the colorless polyimide films market during the forecast period.

 

Global Colorless Polyimide Films Market: End-use Industry Segment

 

·         Based on end-use industry, the global colorless polyimide films market can be divided into electronics, solar, medical, and others

·         The electronics segment is projected to account for major share of the global colorless polyimide films market during the forecast period

·         Expanding at a healthy growth rate, solar and medical segments are expected to create significant incremental opportunities during the forecast period

·         The others segments is anticipated to expand at a moderate to high pace across the globe in the near future

 

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Global Colorless Polyimide Films Market: Strategic Outlook

 

·         In July 2018, Kolon Industries Inc. began mass production of its innovative colorless polyimide films under the brand name Kolon CPI. The company invested US$ 80 Mn in the development and construction of a production line at its manufacturing plant in Gumi, Gyeongbuk province, South Korea. By commencing production, Kolon Industries marked itself as the frontrunner in the colorless polyimide films market with the ability to adequately cater to the electronics market in South Korea.

·         In March 2019, Kaneka Corporation developed colorless polyimide films for flexible electroluminescent (EL) displays. The company expects the market for colorless polyimide films to expand due to the emergence of next-generation electronic devices, which would result in increased demand for flexible displays.

 

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Asia Pacific to be Key Region of Global Colorless Polyimide Films Market

 

·         In terms of region, the global colorless polyimide films market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Consumption of colorless polyimide films is much higher in Asia Pacific than that in other regions.

·         In terms of demand, Asia Pacific holds major share of the global market. It is followed by North America and Europe.

·         China is a prominent country of the colorless polyimide films market in Asia Pacific. It held major share of the market in terms of volume and value in 2018. India also constituted significant share of the colorless polyimide films market in 2018. The usage of colorless polyimide films in electronic applications is expected to drive the market in the country.

·         North America also held vital share of the global colorless polyimide films market in 2018. Superior end-use industry growth and increase in number of domestic players are factors driving the market in the region.

·         The market in Latin America and Middle East & Africa is estimated to expand at a moderate pace during the forecast period

 

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Global Colorless Polyimide Films Market: Research Scope

Key Manufacturers Operating in Market

The global colorless polyimide films market was highly fragmented in 2018. Key manufacturers operating in the global market include:

·         Sumitomo Chemical Company Ltd.

·         SK Innovation Co., Ltd

·         Kolon Industries Inc.

·         Kaneka Corporation

·         Wuxi Shunxuan New Materials Co., Ltd.

·         NeXolve Holding Company

·         Industrial Summit Technology

·         Wuhan Imide New Materials Technology Co., Ltd.

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