Colorless Polyimide Films Market Size & Share, by Application (Flexible Displays, Solar Cells, Printed Circuits Boards, Lighting Equipment); End-user (Electronics, Solar, Medical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3732
  • Published Date: Jul 26, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 – 2035

Colorless Polyimide Films Market size is expected to surpass USD 29.6 Trillion by the end of 2035, growing at a CAGR of 63.5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of colorless polyimide films was over USD 84.9 Billion. The market's rise may be attributed to colorless polyimide film's several advantages, which include good corrosion resistance, optical clarity, and thermo-mechanical properties. Colorless polyimide sheets are used to provide transparent protective layers in a variety of products, including flexible displays and solar cells. The market is predicted to grow because of the increasing use of polyimide as a replacement for glass layers. According to the most recent GSMA Intelligence statistics, the globe has 5.48 billion unique mobile phone users. Over the last year, the overall number of unique mobile users worldwide increased by 152 million.

Colorless polyimide films are lighter, thinner, and less cracked, thus, there should be space for industry market expansion. We anticipate that flexible displays will account for more than 37% of total colorless polyimide films market sales by 2030. Flexible displays have a promising future, but their advancement is dependent on manufacturing technology and technical expertise. It is a matter of study to produce revolutionary polymers, and the optical polymer film known as colorless polyimide is leading the way in making flexible displays. Furthermore, the strong optical transmission provided by colorless polyimide films is expected to drive market growth.


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Colorless Polyimide Films Market: Growth Drivers and Challenges

Growth Drivers

  • Polyimide Films' Outstanding Qualities Contribute to Market Growth- The supremacy is linked to polyimide films' remarkable properties, which make them the preferred material in a variety of end-user industries. Polyimide films' outstanding qualities are largely responsible for their popularity in a variety of end-use sectors, including electronics and automobiles. Polyimide sheets are often used as insulating material in flexible printed circuits due to their ability to reduce the size and improve the performance of electrical devices. Volume in the laptop market is anticipated to reach 202.40 million units by 2028 across the globe. In 2024, the laptop market is predicted to increase by 1.1% in terms of volume. In 2023, the average volume per person in the Laptops market is estimated to be 0.02 pieces.
  • Polyimide Films' Outstanding Properties Aid Market Expansion- Polyimides are colorless, optically transparent, chemically resistant, and have excellent thermal shock properties. These features enable the development of flexible electronic boards, adaptable displays, and camera equipment. Fabrication temperatures can approach 300°C; at these high temperatures, typical aromatic polyimides tend to break down or change color. As a result, it is expected that demand for colorless polyimides would increase as good working experience becomes more trustworthy.
  • Increasing Applications in Solar Cells- Colorless polyimide films are used in the production of lightweight solar panels such as rooftop solar PV that help in generating solar energy. For instance, solar PV generates 4.5 % of the world’s electricity generation, as per the International Energy Agency.

Challenges

  • Achieving Product Chemistry and Consistency- Because of their great heat and chemical resistance, exceptional mechanical qualities, and good dielectric properties, colorless polyimide films have piqued the interest of the optoelectronics sector. However, striking an equilibrium between high-temperature stability and good optical transparency is one of the most difficult parts of producing these films. As a result, typical polyimide film fabrication procedures are not suitable for producing the colorless form. This poses a significant challenge to the colorless polyimide films market.
  • High Manufacturing Cost
  • Limited Availability of Raw Materials, Such as Monomers.

Colorless Polyimide Films Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 63.5%

Base Year Market Size (2022)

 ~ USD 84.9 Billion

Forecast Year Market Size (2035)

 ~ USD 29.6 Trillion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Colorless Polyimide Films Segmentation

Application (Flexible Displays, Solar Cells, Printed Circuit Boards, Lighting Equipment)

The printed circuit boards segment in the colorless polyimide films market is predicted to increase considerably with a share of 55 % throughout the forecast period. This is mostly due to the fact that printed circuit boards are more compact, lighter, and easier to install than others. Printed circuit boards may also be folded into extremely small sizes for usage in cameras, video cameras, and mobile phones. Furthermore, flexible printed circuit boards built of the colorless polyimide film are frequently utilized for flexible connections under continual stress, such as those found in inkjet printers, which is driving market expansion. Printing is the 14th largest manufacturing industry in the world by market size. In 2019, 94.3 million printing equipment (printers, copiers, and all-in-one systems) were delivered globally. Printing equipment accounts for over 30% of the global market for computer peripherals. Inkjet printers, in particular, account for more than 5% of the overall computer peripherals industry.

End Use Industry (Electronics, Solar, Medical)

The medical segment in the colorless polyimide films market is expected to grow at the fastest rate throughout the projection period. This is mostly due to the qualities of colorless polyimide films, which provide greater optical quality, are lightweight, and have excellent thermal stability. Furthermore, they are employed in the production of medical tubing for medication delivery applications, which accelerates market expansion. As a result, the medical industry provides higher growth in the market for colorless polyimide films. The number of consumers in the healthcare industry around the world is estimated to reach 1.57 billion by 2027. User penetration will be 15.0% in 2023, rising to 19.7% by 2027.

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

     Application

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

     End Use Industry

  • Electronics
  • Solar
  • Medical

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Colorless Polyimide Films Market - Regional Synopsis

APAC Market Forecast

The Asia Pacific region is expected to hold 38% share of the colorless polyimide films market. Colorless polyimide film use is being pushed by economic development, population expansion, and higher per capita disposable income, particularly in emerging markets such as China, and India. A large number of electronics users, and several large industrial conglomerates with significant production capacity in disciplines directly connected to flexible electronic devices, such as printed electronics, optoelectronic devices, nanotechnology, photonics, and flexible displays, are located in this region's nations. Government assistance, such as financing for government laboratories, institutions, and industry research and development centers, has aided these countries' research capacity. The main economies in this market for colorless polyimide films are China, South Korea, Taiwan, and Japan. Between 2021 and 2026, worldwide revenue for OLED TV panels is expected to rise. In particular, such income was estimated to be roughly USD 4.24 billion in 2021. It is predicted to reach a high of USD 6.41 billion by 2026.

North America Market Statistics

The colorless polyimide films market in North America is predicted to have a 30% share in the market. Increased market participant investments and supporting policies from the governments of the nation's major economies are expected to boost the industry's quick expansion in this area. New market actors may fund the development and expansion of technologically innovative products and their applications. The rising need for solar panels and other end-use goods, as well as the increased manufacture of pharmaceutical items that require colorless polyimide films, are expected to drive demand in this area throughout the projected period. The Inflation Reduction Act (IRA), which was approved in August 2022, provides further incentives for solar systems. The IRA is expected to result in a 40% rise in solar installations between 2023 and 2027, according to experts.

Research Nester
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Companies Dominating the Colorless Polyimide Films Market

top-features-companies
    • 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
    • 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

In-the-news

In The News

  • DuPont sent ultra-thin Kapton polyimide film to NASA for the James Webb Space Telescope to protect it from the light and heat of the sun. A 70 feet long and 47 feet wide colorless polyimide film was used to protect the telescope’s lens.
  • Kolon Industries unveiled that it was offered as the preferred supplier of Colorless Polyimide Films for cover window applications in Xiaomi’s first foldable smartphone.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3732
  • Published Date: Jul 26, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Colorless polyimide film's several advantages, which include good corrosion resistance, optical clarity, and thermo-mechanical properties are major factors driving the growth of the market.

The market size of colorless polyimide films is anticipated to attain a CAGR of 63.5% over the forecast period, i.e., 2023 – 2035.

The major players in the market are 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.

The printed circuit boards segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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