Research Nester’s recent market research analysis on “Colorless Polyimide Films Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global colorless polyimide films market in terms of market segmentation by application, end-use industry, and by region.
Growing Prevalence of Excellent Thermo-Mechanical Properties, to Promote Global Market Share of Colorless Polyimide Films
The market's growth may be ascribed to the benefits of colorless polyimide film, which include superior corrosion resistance, optical clarity, and thermo-mechanical qualities. Colorless polyimide sheets are utilized in a number of goods, including flexible screens and solar cells, to offer clear protective layers. The growing usage of polyimide as a substitute for glass layers is expected to drive market growth. The global demand for solar PV is estimated to reach 125.2 gigatons in 2024. The United States has begun the process of imposing taxes on solar items from China and Taiwan, sparking trade tensions throughout the world.
Furthermore, because colorless polyimide films are lighter, thinner, and less fractured, market growth could be possible. Flexible displays have a bright future, but progress is contingent on manufacturing technology and technical knowledge. Producing revolutionary polymers is a matter of research, and the optical polymer film known as Colorless Polyimide is leading the way in developing flexible displays. Furthermore, colorless polyimide sheets' high optical transmission is projected to boost market expansion. The global revenue in the consumer electronics industry is expected to expand by USD 125.5 billion (+12.21 percent) between 2023 and 2028. This general growth does not occur on a continual basis, most notably in 2024. In 2028, revenue is expected to reach 1.2 trillion US dollars.
Some of the major growth factors and challenges that are associated with the growth of the global colorless polyimide films market are:
Growth Drivers:
· Surge in Demand for Flexible Displays
· Rising Adoption of Polyimides in the Medical sector
Challenges:
Colorless polyimide films have attracted the interest of the optoelectronics industry due to their high heat and chemical resistance, remarkable mechanical capabilities, and strong dielectric properties. One of the most difficult aspects of making these films is establishing a balance between high-temperature stability and optical clarity. As a result, standard polyimide film production methods are ineffective for creating the colorless version. This is a serious market challenge. Achieving product chemistry and consistency, high manufacturing cost and limited availability of raw materials such as monomers are some of the major factors anticipated to hamper the global market size of colorless polyimide films.
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By application, the global colorless polyimide films market is segmented into flexible displays, solar cells, printed circuit boards, and lighting equipment. The printed circuit boards segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. This is mostly because flexible printed circuit boards are more compact, lighter, and easier to install than other types. Printed circuit boards may also be folded into tiny sizes for use in cameras, video cameras, and mobile phones. Furthermore, printed circuit boards made of colorless polyimide film are often used for flexible connections under constant stress, such as those found in inkjet printers, fueling the market growth. The average volume per person in the printers & copiers market is expected to amount to 0.01 pieces in 2023. In the printers & copiers market, volume is expected to amount to 106.90m pieces by 2028. The printers & copiers market is expected to show a volume growth of 1.2% in 2024.
By region, the Europe colorless polyimide films market is to generate the highest revenue by the end of 2035. The market for polyimide films is growing in the region due to the increased demand for consumer electronics goods. The rising demand for electric cars is a potential opportunity for the polyimide films industry in the European region. By the end of 2021, Europe had around 5.6 million plug-in electric passenger cars and light commercial vehicles on the road, including 2.9 million completely electric passenger cars, 2.5 million plug-in hybrid cars, and approximately 220,000 light commercial all-electric vehicles. Polyimide films are utilized in a variety of applications, including aerospace, chemical processing, oil and gas, energy, solar, and medical. Because of the excellent qualities of polyimide films, which are employed in different electrical components, they are mostly used in the electronics and automotive industries. Hence, this numerous benefits the market is anticipated to grow in this region.
This report also provides the existing competitive scenario of some of the key players of the global colorless polyimide films market which includes company profiling of Kolon Industries Inc., SK Innovation Co., Ltd., Wuhan Imide New Materials Technology Co., Ltd., Industrial Summit Technology, NeXolve Holding Company, Suzhou Kinyu Electronics Co., Lts., PI Advanced Material Co. Ltd., DuPont de Nemours, Inc, 3M Company, and others.
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