ChicagoAnd January 24, 2023 /PRNewswire/ – Report “Colorless polyimide films market By Application (Flexible Displays, Flexible Solar Cells, Flexible Printed Circuit Boards, Lighting Equipment), End Use Industry (Electronics, Solar, Medical), and Region – Global Outlook to 2027, expected to grow from 96 million US dollars in 2022 to 1,102 million US dollars By 2027, at a compound annual growth rate of 60.0% during the forecast period. The major factor driving the colorless polyimide market includes increasing demand from applications such as flexible displays, flexible solar cells, and flexible printed circuit boards due to their excellent heat resistance and light transmittance properties.
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The excellent light transmittance of colorless polyimide films leads to their application in flexible screens
The colorless polyimide market has been segmented into flexible displays, flexible solar cells, flexible printed circuit boards, lighting equipment, and others, on the basis of application. Among these, the flexible screens segment captured the largest market share in 2021. With digitization, a large amount of information is consumed through electronic media such as mobile phones and laptops, thus, consumers have placed a demand on high quality, convenient, portable digital devices. Advanced display designs. Designers are also looking for greater freedom in their development, moving away from traditional display designs to next-generation displays that are larger, thinner, lighter, and flexible or foldable. Because the colorless polyimide combines the thermal resistance properties of polyimide resin with the optical performance of polymer products, it is a frontier for making flexible display covering windows.
Product innovation in the electronics industry presents growth opportunities for the colorless polyimide film market
The colorless polyimide films market is segmented on the basis of end-use industry into electronics, solar, medical, and others. Among them, the demand for these films is expected to be dominated by the electronics sector during the forecast period. Colorless polyimides provide excellent thermomechanical properties, have high chemical resistance, and are optically transparent. These properties are suitable for the manufacture of electronic components such as flexible displays and flexible printed circuit boards. With electronics companies constantly developing new products to attract potential customers, including foldable smartphones, flexible screens for laptops, and curved screens in televisions, the demand for colorless polyimide films is expected to grow during the forecast period.
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Asia Pacific It is expected to register the fastest growth between 2022 and 2027
Asia Pacific It is the dominant market for colorless polyimide films. Innovation, price deflation, rising household income, especially in emerging markets Asia Pacific, led to a high demand for consumer electronic products in the region. Electronics companies including Oneplus, Xiaomi, Samsung and LG are in Asia Pacific, is well positioned in the field of flexible electronics and dominates its commercial applications. These companies have been at the forefront of developing flexible design electronics using colorless polyimide films in their components. With the increasing demand for flexible electronics, these companies are expected to boost the production of these devices. For example, according to OMDIA, the shipment of flexible OLED panels is expected to grow by 10 times between 2022 and 2028. Because of these factors, the market for such films is expected to be concentrated in Asia Pacific area during the forecast period.
DuPont (USA), Kanica Corporation (Japan), Cologne Industries Inc. (South Korea), SK Innovation Co., Ltd. (South Korea), and Sumitomo Chemical Co., Ltd. (Japan) are the major players in this market. These players have adopted strategies such as expansions and new product development to strengthen their position in the market.
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