Fluorine Aromatic PI Film Market Size, Share, Growth, and Industry Analysis, By Type (Thickness 15μm or under 15μm, Thickness: 15μm-25μm, and Thickness above 25μm), By Application (Flexible Display Substrates, Solar Cell, Organic Photovoltaics (OPVs), and Flexible Printed circuit boards (PCBs)), Regional Insights, and Forecast From 2024 To 2031

Updated On: 20 November 2023

Fluorine Aromatic PI Film Market Report Overview

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The global fluorine aromatic PI film market size was USD 120 million in 2020. As per our research, the market is expected to reach USD 1374.71 million in 2031, exhibiting a CAGR of 24.8 % during the forecast period.

Fluorine aromatic PI (polyimide) film is a type of high-performance polymer film that is derived from polyimide, a synthetic polymer known for its exceptional thermal stability, chemical resistance, and mechanical properties. In the case of fluorine aromatic PI film, fluorine atoms are incorporated into the polyimide molecular structure, resulting in a film with enhanced properties.

The market for fluorine aromatic PI films is driven by an expansion of the industries such as electronics and electrical, aerospace and defence, automotive, solar and energy, and medical. These films find applications in flexible printed circuit boards, electrical insulation, display devices, aircraft insulation, wire harnesses, solar panels, medical devices, and more are attributed to inflate the growth of the market with an extensive CAGR during the forecast 2022-2028. Additionally, in respect of product, thickness 15μm or under 15μm is the major segment, whereas, in terms of application, the leading application is flexible display substrates.

COVID-19 Impact: Pandemic Led to Postpone Projects of Several Application Industries

The COVID-19 pandemic has had a notable effect on the aromatic PI film market. Disruptions in the global supply chain caused shortages of raw materials and hindered production. Fluctuating demand across industries resulted in both increased and decreased usage of these films. As well as many projects were postponed or cancelled, reducing the demand further. However, while the market is gradually recovering, it is predicted that the industry will gain an acceleration in the growth of the market in the coming years.

Latest Trends

"Trend of Advanced Miniaturization Inflate the Market Outlook"

The market fluorine aromatic PI film has witnessed several notable trends and developments which are projected to speed up the growth of the market. One of the latest trends is the increasing demand for flexible electronic devices, such as foldable smartphones, wearable devices, and flexible displays, which has driven the demand for fluorine aromatic PI films. These films offer excellent flexibility, thermal stability, and electrical insulation properties, making them ideal for such applications. Along with this, the market has seen advancements in miniaturization, where components and devices are becoming smaller and more compact. These aromatic PI films play a crucial role in enabling miniaturization by providing thin and lightweight insulation solutions for electronic components and circuits. Consequently, these trends and innovations are attributed to boosting the fluorine aromatic PI film market growth over the projection timeframe. 

Fluorine Aromatic PI Film Market Segmentation

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• By Type Analysis

According to type, the market can be bifurcated into thickness 15μm or under 15μm, thickness: 15μm-25μm, and thickness above 25μm.

• By Application Analysis

Based on application, the market can be divided into flexible display substrates, solar cell, organic photovoltaics (OPVs), and flexible printed circuit boards (PCBs).

Driving Factors

"Increasing Advancements in Aerospace & Defence Sector Aid the Growth of the Market"

The growth of market is anticipated to grow due to the rising advancements in aerospace and defence industries as, it requires high-performance materials that can withstand extreme temperatures, offer excellent mechanical strength, and provide electrical insulation. Also, the aromatic PI films fulfill these requirements, leading to their increased use in aircraft insulation, thermal barriers, and other aerospace applications.

"Mounting Automotive Industry Applications Lift the Demand for Aromatic PI Film"

The rising automotive industry is one of the other significant driving factors. As, the automotive sector requires materials that can withstand high temperatures, provide electrical insulation, and offer mechanical strength for various applications. Fluorine Aromatic PI films find use in wire harnesses, electrical insulation, and flexible circuits in vehicles, contributing to the market growth.

Restraining Factors

"High Cost Can Hinder the Market Development "

Despite the growth of the market, the high price of fluorine aromatic PI films can hinder the market’s progress as these PI films are relatively expensive compared to other polymer films. The cost of raw materials, production processes, and specialized manufacturing equipment contribute to the higher price of these films. Thus, the high cost can limit their adoption, particularly in cost-sensitive industries or applications.

Fluorine Aromatic PI Film Market Regional Insights

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"Asia Pacific Dominates the Market due to Robust Electronics Industries"

As per market research, Asia-Pacific is the leading region in the market. Countries such as China, Japan, South Korea, and Taiwan have robust electronics industries, driving the demand for these films in applications such as flexible circuit boards and displays. The region's strong manufacturing capabilities, rapid industrialization, and investments in research and development have contributed to its leadership. Additionally, precisely, Japan is a significant market in the region.

Key Industry Players

"Key Players Focus on Strategic Partnerships to Meet Diverse Industry Needs"

With regard to key players, prominent companies are renowned for their expertise in polymer film production, including PI films, and have a strong presence in the market. They engage in research and development, product innovation, and strategic partnerships to cater to the diverse requirements of various industries and expand their market share. Some of the leading brands such as MGC, MGC(JP), SKC Kolon PI(KR), I.S.T Corporation (JP), NeXolve(US), DuPont (US), and Fuxin Hongji, and others stimulate the market’s growth with their market revenue. Moreover, the top three key companies hold the majority of the fluorine aromatic PI film market shares globally. 

List of Market Players Profiled

• MGC
• MGC(JP)
• SKC Kolon PI(KR)
• I.S.T Corporation (JP)
• NeXolve(US)
• DuPont (US)
• Fuxin Hongji Photoelectric Materials (Development Phase)
• Hipolyking (Development Phase)
• Huajing (Development Phase)

Report Coverage

This report defines the fluorine aromatic PI film market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.