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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Increasing Demand for Polyimide Films in Electronic Components Boosting the Market Growth
Rapid mechanisation of various industries is increasing the use of flexible printed circuits (FPCs). As flexible printed circuit (FPC) is one of the most significant components of an electronic system, the demand for polyimide films to ensure their reliability is surging. Polyimide films are temperature and heat resistant, and hence they are integral in maintaining the functionality of flexible printed circuits (FPCs), which is augmenting the industry growth. In addition, the flexibility offered by polyimide films makes it ideal to prevent wear and tear of wires. Hence, it is extensively used in various electronic devices, which is augmenting the growth of the polyimide films industry. The robust growth of the aircraft industry is increasing the demand for polyimide films to be deployed in multi-layered insulation to limit radiated heat transfer, therefore, providing further impetus to the market growth.
Polyimide Films Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 2.33 billion.
The market is projected to grow at a CAGR of 9.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 5.19 billion by 2032.
The major market drivers are the rising demand for durable and flexible materials in electronic systems, the increasing use of polyimide films in flexible printed circuit (FPC), and the extensive deployment of polyimide films in multi-layered insulation systems of aircraft.
The key trends propelling the market demand include the rising demand for polyimide films in 3D printing and the increasing use of polyimide films in the electronics sector.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various applications of polyimide films are flexible printed circuit (FPC), speciality fabricated product, pressure sensitive tape, wire and cable, and motor/generator.
The major end uses of the product are electronics, automotive, aerospace, and labelling, among others.
The major players in the market are Compagnie de Saint-Gobain S.A., E. I. Du Pont De Nemours and Company, Kolon Industries, Inc., Kaneka Corporation, and Taimide Tech, Inc., among others.
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