The polyimide films market is estimated to be USD 1.4 billion in 2018 and is projected to reach USD 2.6 billion by 2023, at a CAGR of 12.5% from 2018 to 2023. Increased demand from the electronics industry, the growing automotive industry, and superior thermal and mechanical properties of polyimide films in comparison to other polymers are the key factors driving the growth of the polyimide films market.
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E. I. du Pont de Nemours and Company (US), SKC Kolon PI Inc. (South Korea), Toray Industries Inc. (Japan), Kaneka Corporation (Japan), Ube Industries (Japan), Taimide Tech. Inc. (Taiwan), Arakawa Chemicals Industries Inc. (Japan), Shinmax Technology Ltd. (Taiwan), and FLEXcon Company, Inc. (US) are some of the leading players in this market.
These market players have focused on new product launch and expansion the strategies to cater to the demand for polyimide films across various applications in end-use industries.
In July 2012, a unit of DuPont announced a production expansion project in Ohio wherein the production capacity was increased to 400 tons for Kapton polyimide films. This expansion was in support of the company’s commitment to leading-edge innovation and reliable supply for the industry and customers. This development has enhanced the company’s presence in the US market. In February 2015, DuPont Circuit & Packaging Materials introduced a new range of its Pyralux product featuring a high-temperature flexible circuit material system. This launch, targeted at new aerospace and automotive applications, helped the company enhance its product portfolio.
In October 2016, Kolon Industries, Inc. had invested USD 80 million to build a Colorless Polyimide (CPI) film production line at its Gumi plant situated in the North Gyeongsang Province (South Korea). In July 2018, it began the mass production of these innovative CPI films which will be used as a substitute for display substrates in foldable smartphones. This development has opened the market of foldable smartphone cover windows for the company.
