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The electronics end-use industry to Dominate Colorless Polyimide Films Market

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The electronics end-use industry to Dominate Colorless Polyimide Films Market

June 26
00:30 2020
The electronics end-use industry  to Dominate Colorless Polyimide Films Market

Browse 101 market data Tables and 51 Figures spread through 151 Pages and in-depth TOC on “Colorless Polyimide Films Market”
Colorless Polyimide Films Market by Application (Flexible Displays, Flexible Printed Circuit Boards, Flexible Solar Cells, Lighting Equipment, Others), End-Use Industry (Electronics, Solar, Medical, Others), Region

The colorless polyimide films market is projected to grow from USD 22 million in 2020 to USD 379 million by 2025, at a CAGR of 76.0% from 2020 to 2025. The increasing demand for colorless polyimide films from applications such as flexible displays, flexible solar cells, and flexible printed circuit boards, among others, is expected to drive the colorless polyimide films market.

Colorless polyimides provide excellent thermo-mechanical properties, have high chemical resistance, and are also optically transparent. These properties are suitable for manufacturing electronics such as flexible displays, flexible printed circuit boards, and lighting equipment. Fabricating temperatures may go as high as 300°C, and conventional aromatic polyimides tend to disintegrate or change their color at such high processing temperatures. Hence, the demand for colorless polyimides is expected to increase as manufacturing technologies become more efficient and consistent.

Polymeric optical films with high thermal stability, high dimensional stability at elevated temperatures, high optical transparency, and high tensile strength are widely required in modern electronics for use as substrates in flexible displays and to cover windows for flexible active-matrix organic light-emitting diode (AMOLED) devices. However, conventional polymeric optical films such as polyolefin and polyester films have poor thermal and dimensional stability while standard high-temperature polymer films such as polyimides have a highly colored appearance and poor optical transparency in the visible light region.

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Asia Pacific is the dominant market for colorless polyimide films. Innovation, price deflation, and rising household incomes, especially in emerging markets in Asia Pacific, have resulted in high demand for consumer electronics products in the region. Asia Pacific countries are well-positioned to enter the field of flexible electronics and dominate their commercial applications. Countries of this region have numerous large industrial groups with extensive manufacturing capabilities in sectors directly relevant to flexible electronic devices such as microelectronics, optoelectronics, printed electronics, photovoltaics, and flexible displays. Research capabilities in these countries have become adept due to government support, which includes government laboratories, universities, and company R&D centers. Countries like China, South Korea, Taiwan, and Japan are the major countries in this region’s colorless polyimide films market. These countries have not only colorless polyimide fabricating prowess but also major electronic manufacturing companies that help maintain the supply demand equilibrium.

E. I. du Pont de Nemours and Company (US), Kaneka Corporation (Japan), Kolon Industries Inc. (South Korea), SK Innovation Co., Ltd. (South Korea), and Sumitomo Chemical Company Ltd. (Japan), are the key players in this market. Other noteworthy public and private players in this market are Wuhan Imide New Materials Technology Co., Ltd. (China), Industrial Summit Technology (Japan), NeXolve Holding Company (US), Wuxi Shunxuan New Materials Co., Ltd. (China), and Suzhou Kinyu Electronics Co., Ltd. (China). These players have adopted strategies such as expansions and new product development to enhance their position in the market.

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In July 2018, Kolon Industries Inc. began the mass production of its innovative colorless polyimide films under the brand name, Kolon CPI. The company had invested USD 80 million in the development and construction of a production line at its manufacturing plant in Gumi, Gyeongbuk province, South Korea. By commencing production, Kolon Industries marks itself as the frontrunner in the colorless polyimide films market with the ability to adequately cater to the South Korean electronics market.

In March 2019, Kaneka Corporation developed colorless polyimide films for flexible electroluminescent (EL) displays, with plans to start sample shipment by the first half of 2019. The company expects the market for colorless polyimide films to grow due to the emergence of next-generation electronic devices, which will result in increased demand for flexible displays.

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