Polyimide Film Market Size, Share, Growth, Trends | Report 2023-2032
The global polyimide film market size was estimated at around USD 2.34 billion in 2022 and it is projected to hit around USD 4.97 billion by 2032, growing at a CAGR of 7.83% from 2023 to 2032.
Key Pointers
Report Scope of the Polyimide Film Market
| Report Coverage | Details |
| Market Size in 2022 | USD 2.34 billion |
| Revenue Forecast by 2032 | USD 4.97 billion |
| Growth rate from 2023 to 2032 | CAGR of 7.83% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | DuPont; Compagnie de Saint-Gobain; Kolon Industries, Inc.; KANEKA CORPORATION; Taimide Tech. Inc.; FLEXcon Company, Inc.; Arakawa Chemical Industries Ltd.; Anabond, Goodfellow; I.S.T Corporation |
The demand for polyimide film is expected to rise with the growing demand for lightweight electronic products along with low power consumption. Owing to the properties of flexible electronic devices such as being cost-efficient, shock resistant, and flexible, they can be integrated into portable devices, smart clothing, and other consumer electronics. These factors are likely to create demand for polyimide films in various end-uses including labeling, electronics, automotive, aerospace, and others.
Various national entities have dedicated a substantial amount of monetary support to research efforts, predominantly in the U.K., Netherlands, Germany, and Finland. Regional governments continue to offer infrastructure and financial support to numerous innovation clusters. Furthermore, in the U.S., the federal government supports generic & basic research along with providing essential infrastructure. The department of defense in North America recognized the manifold potential of flexible electronics technology in defense applications and had been providing funding for R&D. Increasing funding and R&D activities from government bodies are projected to develop the polyimide films industry demand at a significant growth rate over the forecast period.
Polyimide films are widely used in electronics and flexible displays. Growth in the electronic market along with the requirement and compactness for conservation of energy in the manufacturing of products boosts the polyimide films application scope. Polyimide films possess strong electromechanical capabilities that enable their usage in applications involving high temperatures and challenging environmental factors. Due to the high strength and great formability of polyimide sheets, electronics manufacturers can create products that are small, robust, strong, and energy-efficient.
Additionally, technological development in the automotive field with improvement in infrastructure is creating more demand for automobile products. China is the largest automobile market in the world both in terms of demand and supply. Japan and India are the top 10 largest markets for automobiles which creates a huge demand for polyimide films. Demand in APAC and U.S. for automobiles is expected to drive the polyimide film market with APAC being the dominant player.
End-use Insights
Automotive dominated the global polyimide film industry and accounted for more than 33.02% of the total market share, in terms of revenue, in 2022. The growing automotive production along with the increasing percentage of electric vehicles continues to propel the demand. Common automotive applications of polyimide films are EGR valve bushings, thrust washers, seat sensor applications, and traction applications. The harsh temperature condition present in the powertrain applications requires materials that can withstand high thermal, mechanical, and electrical loads.
The growing lightweight trends in the automotive industry are pushing manufacturers to include lighter materials in their offerings. Next-generation compact cars (NGCC) which are compact and equipped with powerful engines are developing the demand for products with excellent electromechanical resistance. Polyimide films are projected to witness a higher market share in the automotive segment over the forecast period owing to their excellent properties which are capable of fulfilling the challenging automotive requirements.
Furthermore, these films are heavily used in various other applications including electronics, aerospace, and labeling. Growing flexible electronics create more requirements, which are projected to foster the product growth potential over the coming years. The films provide excellent strength at a relatively lesser dimension. The strong electromechanical properties of the film make it one of the most suitable candidates for the advanced plastics family.
Application Insights
Flexible printed circuits (FPC) dominated the application segment in the global polyimide films market and accounted for more than 66.02% of the total market share, in terms of revenue, in 2022. Growth in the electronics sector along with growing electrification trends in the automotive sector continues to augment the FPC demand which further attracts polyimide makers to expand their product portfolio for the application segment. Flexible printed circuits are used as connectors in numerous applications where production constraints, space savings, and flexibility restrict the serviceability of the rigid circuit board. These factors are likely to propel the demand for FPC in the polyimide films market.
Additionally, Specialty Fabricated Products (SFP) are an emerging application segment of polyimide films that are projected to gain a higher market share at a healthy growth rate. The growth in demand is primarily attributed to the growing consumer electronics technology which expands the new application scope for the SFPs. SFPs made by polyimide these films have a unique capability to operate at low and high operating temperatures which makes them suitable for numerous niche applications.
Currently, various industries are using SFPs in applications such as speaker coils, barcode labels, diaphragms, gaskets, and spiral-wrapped tuning. Other major application of specialty fabricated products includes nuclear linear accelerator insulation, space blankets, sensors, transportation belts, and aircraft shim stocks. SFPs made by polyimide films maintain electrical and mechanical integrity at a wide temperature range of -270°C to 400°C.
Regional Insights
North America dominated the polyimide film market in 2022 and accounted for more than 33.08% of the overall market revenue share. North America led by U.S., Mexico, and Canada accounted for the dominant market share globally. The market is projected to witness strong growth over the coming years owing to the developed electronics, automotive, and aerospace industries. The presence of top manufacturers in the automotive industry such as Ford, Chrysler, Cadillac, Tesla, and others. In this region and proper infrastructure coupled with high disposable income is expected to drive this market.
Mexico is another lucrative market in North America for automotive and auto components. In the last few years, the country has become a major region for investment through all categories of manufacturers, but mainly from automotive suppliers and automakers. Apart from low wages, the country offers informative workforce training and development programs along with other lucrative development incentives.
Europe accounted for a revenue share of more than 24.02% in 2022 owing to the development of electric vehicles, the presence of an established printing & labeling market, and the presence of numerous major market players. Development in technological services has enabled companies and consumers to track the product. Low data tariff cost is acting as a driver for the tracking technology. Polyimide films ensure a reliable and durable way to track the product by making the labeling at the optimal level. Growth in these sectors is contributing to the development of polyimide films in Europe. Development in printed electronics is a major factor in the rising demand for the product segment in this region.
However, recovering the economic situation in the United Kingdom has fostered the development of several employment opportunities. This, in turn, has driven the perception that a higher degree of energy is required to cater to the growing industrialization. These factors are thus promoting polyimide film market growth owing to its capability of enabling product operation at optimum efficiency with lower energy consumption.
Polyimide Film Market Segmentations:
By Application
By End-use
By Regional
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Polyimide Film Market
5.1. COVID-19 Landscape: Polyimide Film Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Polyimide Film Market, By Application
8.1. Polyimide Film Market, by Application, 2023-2032
8.1.1. Flexible Printed Circuit
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Wire & Cable
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Pressure Sensitive Tape
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Specialty Fabricated Product
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Motor/Generator
8.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Polyimide Film Market, By End-use
9.1. Polyimide Film Market, by End-use, 2023-2032
9.1.1. Electronics
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Aerospace
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Automotive
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Labelling
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Polyimide Film Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Application (2020-2032)
10.1.2. Market Revenue and Forecast, by End-use (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Application (2020-2032)
10.1.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Application (2020-2032)
10.1.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Application (2020-2032)
10.2.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Application (2020-2032)
10.2.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Application (2020-2032)
10.2.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Application (2020-2032)
10.2.5.2. Market Revenue and Forecast, by End-use (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Application (2020-2032)
10.2.6.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Application (2020-2032)
10.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Application (2020-2032)
10.3.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Application (2020-2032)
10.3.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Application (2020-2032)
10.3.5.2. Market Revenue and Forecast, by End-use (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Application (2020-2032)
10.3.6.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Application (2020-2032)
10.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Application (2020-2032)
10.4.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Application (2020-2032)
10.4.4.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Application (2020-2032)
10.4.5.2. Market Revenue and Forecast, by End-use (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Application (2020-2032)
10.4.6.2. Market Revenue and Forecast, by End-use (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Application (2020-2032)
10.5.2. Market Revenue and Forecast, by End-use (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Application (2020-2032)
10.5.3.2. Market Revenue and Forecast, by End-use (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Application (2020-2032)
10.5.4.2. Market Revenue and Forecast, by End-use (2020-2032)
Chapter 11. Company Profiles
11.1. DuPont
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Compagnie de Saint-Gobain
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Kolon Industries, Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. KANEKA CORPORATION
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. Taimide Tech. Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. FLEXcon Company, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Arakawa Chemical Industries Ltd.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Anabond
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Goodfellow
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. I.S.T Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers