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Colorless Polyimide Films Market Segmentation by Application (Flexible Displays, Solar Cells, Printed Circuits Boards, Lighting Equipment, and Others); and by End-Use Industry (Electronics, Solar, Medical, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Colorless Polyimide Films Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • October, 2021: Kaneka Corporation and Kashima Antlers F.C. Co., Ltd. signed an official partnership agreement for promoting the use of KANEKA biodegradable polymer Green Planet.

Global Colorless Polyimide Films Market Highlights over 2022 – 2030

The global colorless polyimide films market is estimated to grow at a CAGR of ~78% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the various advantages of colorless polyimide films, including, thermo-mechanical properties, high chemical resistance, and optical transparency. Colorless polyimide films are used to produce transparent protective layers for various appliances, such as, flexible displays, and solar cells. The growing use of polyimide as a replacement for glass layering, is anticipated to boost the market growth. Moreover, colorless polyimide films are lighter, thinner, and less fragmented, which is further anticipated to generate growth opportunities for the market. Along with this, the excellent optical transmission provided by colorless polyimide films, is projected to promote the growth of the market.    

Colorless Polyimide Films Market GraphThe growing adoption of solar panels is also one of the major growth drivers for the market, as polyimide films are extensively used in making solar cells. According to the data by the International Energy Agency (IEA), the generation of power from solar PV increased by a robust 23% from 2019 to 2020.  

Solar PV net Capacity Graph

The market is segmented by application into flexible displays, solar cells, printed circuits boards, lighting equipment, and others, out of which, the solar cells segment is anticipated to hold the notable share in the global colorless polyimide films market over the forecast period on account of increasing adoption of solar cells, backed by the rising environment awareness amongst the people. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Colorless Polyimide Films Market Regional Synopsis

On the basis of geographical analysis, the global colorless polyimide films market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to attain the largest share over the forecast period on the back of growing chemical industry, along with the presence of major market players in the region. Moreover, manufacturing industry is gaining substantial growth in the APAC region, backed by the lower production cost, which is further foreseen to boost the market growth.

The market in the North America region is anticipated to gain significant market share throughout the forecast period owing to the increasing demand for solar panels, and other end-use products, along with increasing production of pharmaceutical products, which require colorless polyimide films.

Colorless Polyimide Films Market Share Graph

The global colorless polyimide films market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global colorless polyimide films market includes the following segments:

By Application

  • Flexible Displays
  • Solar Cells
  • Printed Circuits Boards
  • Lighting Equipment 
  • Others

By End-User Industry

  • Electronics
  • Solar
  • Medical
  • Others

Growth Drivers

  • Increasing Demand for Flexible Displays
  • Growing Adoption of Polyimides in Medical Sector

Challenges

  • High Manufacturing Cost
  • Limited Availability of Raw Materials, such as, Monomers

Top Featured Companies Dominating the Market

  • Wuxi Shunxuan New Materials Co., Ltd.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Kaneka Corporation
  • Kolon Industries Inc.
  • SK Innovation Co., Ltd.
  • Sumitomo Chemical Company Ltd.
  • Wuhan Imide New Materials Technology Co., Ltd.
  • Industrial Summit Technology
  • NeXolve Holding Company
  • Suzhou Kinyu Electronics Co., Ltd.
  • DuPont de Nemours, Inc.

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