Press Release

Global Polyimide Films Market to Grow at 10% CAGR till 2024

Advancement in aerospace technology and growing electronics sector to boost global polyimide films market through 2024

According to TechSci Research report, “Global Polyimide Films Market By Application, By End-user Industry, By Region, Competition, Forecast & Opportunities, 2024, global polyimide films market is forecast to register a CAGR of over 10% during the forecast period of 2019-2024. Polyimide films are used in automobiles, aircraft, electrical and electronics and defense devices. They have extensive use in electronics industry, as they are used in the manufacturing of electrical wires, recording devices, flexible printed circuit boards, cables, and in mobile and computer components. Growing demand for electronic products is expected to positively impact global polyimide films market in coming years.

Browse 32 market data Figures and Tables spread through 89 Pages and an in-depth TOC on " Global Polyimide Films Market "

The market for polyimide films market is categorized into application and end-user industry. Based on application, the flexible printed circuit sub-segment is anticipated to grow at the highest CAGR during the forecast period. The flexible printed circuit is extensively utilized by end-use industries, predominantly automotive and electronics. Notably, there is a high demand for polyimide films, as the flexible printed circuits aid in reducing the size of the electronic devices as well as improving their functionality.

Further, growing industrial demand for polyimide films is boosting the number of new product launches, thereby propelling polyimide films market across the globe. Among the regions, Asia-Pacific polyimide films market is expected to continue its dominance during the forecast period, on account of new innovations and studies expanding scope of application. The polyimide films market in the region is driven by demand from countries like India, China, Japan and South Korea, owing to rapid industrialization.

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“Expanding automotive and electronics industries in India and China coupled with infrastructure developments in the Asian region are some of the major factors steering growth of polyimide films market across the globe and providing lucrative opportunities for companies operating in the industry. Among the end-use industries, electronics segment is anticipated to grow at the highest CAGR, as the polyimide films provide exceptional electrical insulation properties under harsh conditions, like exposure to aggressive chemicals, high temperature ranges and flexibility for component manufacturers and equipment designers.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Polyimide Films Market By Application, By End-user Industry, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of global polyimide films market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities present in the global polyimide films market.

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