Summary

Global Colorless Polyimide Films Market is expected to grow at a significant rate of around 60% during the forecast period. Colorless Polyimide Films are One of the polymers with the highest heat resistance. Because it combines the benefits of conventional aromatic polyimide (PI) films and common polymer optical films, it has found widespread use in a variety of industries, including microelectronics and photoelectric fabrications. Also, colorless polyimide films not only resemble ultra-thin glass in terms of optical transmission, but they are also as robust as metal foils. Major companies in the market offer colorless polyimide films for automobile applications with technologically advanced features which leads to growth in the sector. For instance, according to the Society of Indian Automobile Manufacturers (SIAM), Passenger Vehicle Exports increased from 404,397 to 577,875 units, Commercial Vehicle Exports increased from 50,334 to 92,297 units, Three-Wheeler Exports increased from 393,001 to 499,730 units and Two Wheelers Exports increased from 3,282,786 to 4,443,018 units in April 2021 to March 2022. Thus, the growing focus and investment of key stakeholders in the research and development of technologically advanced Colorless Polyimide Films is further expected to support market growth.

3M; Sumitomo Chemical Co., Ltd.; SK Innovation Co., Ltd; Kolon Industries; Kaneka Corporation; NeXolve; I.S.T Corporation; Dr. Dietrich Mueller GmbH; DuPont; Taimide Tech. Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst application, flexible displays category is to witness the highest CAGR during the forecast period”
Based on application, the market is segmented into flexible displays, flexible printed circuit boards, flexible solar cells, lighting equipment, and others. The flexible displays category is to witness the highest CAGR during the forecast period. This is owing to the growing demand The flexible displays for products in consumer electronics like smartphones, laptops, etc. The surging demand for lightness in consumer electronics and ruggedness is also fulfilled by flexible displays. Furthermore, many global players in the market are using colorless polyimide films in covering displays of various products. For instance, in March 2019, Kaneka Corporation developed “Colorless Polyimide Film”, the material for the cover window of flexible organic electroluminescent (EL) displays.

“Amongst end-user, electronics are expected to grow significantly during the forecast period”
On the basis of end-user, the market is categorized into electronics, solar, medical, and others. Among these, electronics are expected to grow significantly during the forecast period. This is mainly because of the advantages of the electronics product to overcome heat and provide thermal stability. Also, the surging demands for photovoltaic cells, technologically advanced circuit boards, and evolving designs in the electronics like smartphones, laptops, etc. are further accelerating the growth of the market. Thus, the electronics industry offers better growth in the colorless polyimide films market.

“APAC to grow significantly in the market”
APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing investments in renewable energy used in household and industrial applications coupled with the growing use of consumer electronics such as smartphones, watches, and others. Moreover, the wide expanse of applications along with growth in the automobile industry and aerospace sector is further expected to support the market growth. In addition, the growing research and technological advancement along with growth in innovative products and expanding use of application further accelerates the colorless polyimide films market growth in the region. Also, major players in the market are working towards technological advancements. For instance, in April 2022, SK IE Technology supplied the transparent polyimide film, which is used as the cover windows of screens, on Hewlett-Packard’s (HP) foldable notebook.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The Global Colorless Polyimide Films Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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