The polyimide films market was valued at USD 2.1 billion in 2017 and is further expected to become USD 4.1 billion by 2024. Huge demand of this market is attributed due to innovative design solutions provided to several industries such as wind energy, consumer electronics, aerospace, industrial applications and automotive. Moreover, rapid increase in this market is attributed towards swelling applicability in manufacturing segment of electronics and semiconductor components.
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On the basis of application, market is segmented into flexible printed circuit, pressure sensitive tape, specialty fabricated product, wire & cables, and motor / generator. Amongst these applications, flexible printed circuit segment is expected to witness highest growth of 10.7% in terms of value during the forecast period. The demand for polyimide films in flexible printed circuit segment is anticipated to be high as the flexible printed circuits are broadly utilized for the purpose of enhancing performance and decreasing the size of electronic systems.
Geographically, Asia-Pacific is expected to witness fastest growth of 10.8% in terms of value during the forecast period. The key countries that are attributing high demand for the polyimide films in the region include China, Japan, South Korea and India. The major factors that are driving the growth of this market include price deflation, increasing household incomes and upgradation of technology. North America held the second largest share of the polyimide films market in 2017 due to increasing utilization of these films in advanced aerospace industry, mounting use of insulation tape in automotive industry and application of PI films in healthcare sector.
Geographically, Asia-Pacific is expected to witness fastest growth of 10.8% in terms of value during the forecast period. The key countries that are attributing high demand for the polyimide films in the region include China, Japan, South Korea and India. The major factors that are driving the growth of this market include price deflation, increasing household incomes and upgradation of technology. North America held the second largest share of the polyimide films market in 2017 due to increasing utilization of these films in advanced aerospace industry, mounting use of insulation tape in automotive industry and application of PI films in healthcare sector.
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The key players in this industry are selling superior quality polyimide film that holds an exclusive convergence of properties that makes it suitable for application in several industries across the globe. Some of the major players operating in the global polyimide films market are Kaneka Corporation, Saint-Gobain S.A., E.I. Du Pont De Nemours and Company, Arakawa Chemicals Industries, Ltd., SKCKOLONPI, Inc., Yunda Electronic Materials Co., Ltd., Taimide Tech. Inc., I.S.T. Corporation, FLEXcon Company, Inc., and UBE Industries Ltd.
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About VynZ Research :
VynZ Research is a global market intelligence company providing research reports, industry intelligence and business advisory services to companies and institutions across the globe. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as chemical and materials, automotive and transportation, energy and power, consumer goods, healthcare, ICT and other emerging technologies.
Contact
VynZ Research USA
165 Broadway, 23rd Floor,
New York City, New York – 10006
United States of America
Toll-Free:1-888-253-3960
Website: https://www.vynzresearch.com
Email: support@vynzresearch.com
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