Polyimide Films and Tapes Global Market Report 2024

Polyimide film is a lightweight, flexible, polymer-based material known for its high heat and chemical resistance. These films and tapes are specifically designed for applications that require resistance to high temperatures. Offering excellent thermal, electrical, physical, and chemical resistance properties across a wide temperature range, polyimide films and tapes are commonly used for electrical insulation purposes.

The main types of polyimide films and tapes include polyimide tapes, conventional polyimide films, colorless polyimide films, and other variations. Polyimide tapes find applications in industries such as automotive, industrial, electronics, aerospace, and labeling where high-temperature resistance is crucial. Various applications of polyimide films and tapes include flexible printed circuits, specialty fabricated products, pressure-sensitive tapes, motors or generators, wires and cables. These materials are utilized across diverse sectors including electrical and electronics, automotive, aerospace, solar, labeling, medical, and by other end-users.

The polyimide films and tapes market research report is one of a series of new reports that provides polyimide films and tapes market statistics, including polyimide films and tapes industry global market size, regional shares, competitors with polyimide films and tapes market share, detailed polyimide films and tapes market segments, market trends and opportunities, and any further data you may need to thrive in the polyimide films and tapes industry. This polyimide films and tapes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The polyimide films and tapes market size has grown rapidly in recent years. It will grow from $2.21 billion in 2023 to $2.55 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth observed in the historical period can be attributed to the expansion of the electronics and aerospace industries, an increased demand for high-temperature and flexible materials, the growth of medical devices and sensors, the development of lightweight and durable films, and the implementation of regulatory standards for material safety.

The polyimide films and tapes market size is expected to see rapid growth in the next few years. It will grow to $4.43 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The anticipated growth in the forecast period can be attributed to the development of customized polyimide solutions for specific applications, the adoption of sustainable and eco-friendly film and tape materials, growth in flexible and printed electronics, expansion in 5G and advanced communication technologies, and increased adoption in wearable technology and IoT (Internet of Things) devices. Noteworthy trends expected in the forecast period encompass the rise of flexible and foldable electronic devices, a focus on regulatory compliance in polyimide material safety, advancements in miniaturization and nanoscale polyimide technologies, the emergence of smart and self-healing polyimide films, and collaborative efforts between polyimide and material science.

The growth of the polyimide films and tapes market is significantly driven by the increasing demand for electronics. Electronics encompass devices or circuits utilizing microchips, transistors, and other components, where polyimide films and tapes play a crucial role as insulating materials for high-temperature resistance applications in electrical engineering and electronics. The India Brand Equity Foundation anticipates a surge in electronics demand from $33 billion in 2020 to $400 billion by 2025, underscoring the role of this demand in promoting the growth of the polyimide film and tape market.

Aerospace industry demand is poised to contribute to the expansion of the polyimide film and tape market. The aerospace industry encompasses businesses involved in the design, development, production, and operation of aircraft, spacecraft, and related systems. The global polyimide films market is expected to benefit from increasing applications in this industry, with a notable uptick in commercial aircraft deliveries. Boeing Commercial Market Outlook 2020-2039 forecasts the delivery of 43,110 aircraft globally during 2020-2039, further emphasizing the role of aerospace industry demand in propelling the growth of the polyimide film and tape market.

Technological advancements represent a prominent trend in the polyimide films and tapes market, with major companies focusing on innovative solutions to meet consumer demands. For instance, Blueshift, a U.S.-based provider of thermal protection systems, launched its flagship RockeTape in collaboration with Digi-Key Electronics, a leading distributor of electronic components. This initiative, part of the 'Fulfilled by Digi-Key' program, enhances the availability and distribution of high-temperature protection, thermal insulation, and heat management tape.

Exploring new materials is a strategy adopted by major companies in the polyimide films and tapes market to gain a competitive edge and enrich their product offerings. Toray Industries Inc., a Japan-based textile industry company, introduced a new version of its 'PHOTONEECE' photosensitive polyimide coating material in December 2022. This environmentally friendly polyimide coating, free of N-Methyl-2-pyrrolidone (NMP), is designed for power semiconductor applications.

In July 2021, Dupont, a U.S.-based chemicals company, acquired Laird Performance Materials, a China-based company in the polyamide film market, for an undisclosed amount. This acquisition aims to strengthen Dupont's electronics and industrial segments, fostering collaboration to accelerate the adoption of technologies such as 5G telecommunications, high-performance computing, artificial intelligence, and the internet of things.

Major companies operating in the polyimide films and tapes market include DuPont de Nemorus Inc., 3M Company, Arakawa Chemical Industries Ltd., Dunmore, FLEXcon Company Inc., Kaneka Corporation, Kolon Industries Inc., Mitsubishi Gas Chemical Company Inc., Nitto Denko Corporation, Saint-Gobain, Shinmax Technology Ltd., Suzhou Kying Industrial Materials Co. Ltd., Taimide Tech. Inc., Toray Industries Inc., Ube Industries Ltd., Axiom Materials Inc., Boyd Corporation, Changchun Ceres Tech Co. Ltd., Changchun SinoBao Technology Co. Ltd., Dunmore Corporation, HIP Technology, I.S.T. Corporation, Jiangsu Yabao Insulation Material Co. Ltd., Lenzing Plastics GmbH, MPM Holdings Inc., Saudi Arabia Basic Industries Corporation, Sheldahl Flexible Technologies, SKC Kolon PI Inc., Taihang Chemical Co. Ltd., Teijin Limited, Tianjin Tiansu Zhongxing Electrical Insulation Materials Co.Ltd., Triad Polymers Inc., Yancheng Hengsheng Insulation Co. Ltd., Yixin Science and Technology Co. Ltd.

Asia-Pacific was the largest region in the polyimide films and tapes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polyimide films and tapes market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the polyimide films and tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The polyimide films and tapes market consists of sales of polyimide films and tapes that are used for insulation on electrical components. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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