Optically Transparent Polyimide Films Market Size, Share, Growth, and Industry Analysis, By Type (Thickness>25μm, 15μm Thickness≤15μm), By Application Organic Light-emitting Diodes (OLEDs), Organic Photovoltaics (OPVs), Flexible Printed Circuit Boards (PCBs), Aerospace, Others), Regional Insights, and Forecast To 2032

Updated On: 15 April 2024

REPORT OVERVIEW

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The global optically transparent polyimide films market size was USD 177.5 million in 2020. As per our research, the market is projected to touch USD 281.2 million by the end of 2027, exhibiting a CAGR of 6.8% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Aromatic polyimide is used to create transparent polyimide films. In addition to having outstanding solvent resistance and mechanical strength, it also has good light transparency and heat resistance. Colorless polyimide films are extensively used in a variety of electronics and micro-optical devices as potential flexible substrates. They can be applied in fields where glass is often utilized for solar cells, displays, memory, and illumination. Due to growing use in printed circuit boards and flexible displays, the market for colorless polyimide films is anticipated to expand rapidly throughout the forecast period.

COVID-19 Impact: Imposed Restrictions In The Economy Resulted In Decline In The Market

The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.

LATEST TRENDS

"Innovation And Speedy Production To Drive The Trend In Market Growth"

The market for colorless polyimide films is anticipated to benefit greatly from the growing electronics and electrical industries. One of the industries in India with the quickest production and export growth is reportedly electronics. The region's general populace is showing signs of shifting consumer purchasing habits, and sales of consumer gadgets are rising. India is becoming a more smartphone-hungry country, according to the International Data Corporation (IDC) Asia Pacific Quarterly Mobile Phone Tracker. Shipments of smartphones increased to 36.9 million in the second quarter of 2019 from 32.1 million in the same period of 2018. The Asia Pacific colorless polyimide Films market is anticipated to gain value due to the growing smartphone sector, which will support the expansion of the global market.

SEGMENTATION

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• By Type

Based on type the market is classified as Thickness>25μm, 15μm Thickness≤15μm.

• By Application

Based on application the market is classified as Organic Light-emitting Diodes (OLEDs), Organic Photovoltaics (OPVs), Flexible Printed Circuit Boards (PCBs), aerospace, others.

DRIVING FACTORS

"Usage Of AMOLED To Fuel The Market Growth"

Organic light-emitting diode (AMOLED) flexible active-matrix display panels have advanced significantly in the last few years. Manufacturers of AMOLED displays are favouring flexible substrates over rigid glass because they can create screens that are lighter, thinner, and less broken. Three substrates have gained popularity recently for the production of flexible displays: metal foil, colorless polyimide films, and ultra-thin glass. In addition to having optical transmittance characteristics akin to ultra-thin glass, colorless polyimide sheets are as robust as metal foils. As a result, OEMs and display makers choose to incorporate these films into their goods.

"Technological Advancements To Accelerate The Market Growth"

The sharing and consumption of data and entertainment media on gadgets like computers and smartphones has grown in popularity among millennials and other generations in recent years. Electronics makers have allowed designers to create eye-catching designs for smartphones, such as movable camera setups, color-changing back panels, and flexible, high-resolution screens, to draw in these consumers. About two to three generations of flexible smartphone devices have already been released by companies including Samsung, Xiaomi, Lenovo, Motorola, and Oppo. Other laptop makers, like Asus and HP, are producing laptops with foldable screens in line with this trend. Therefore, there will be an exponential increase in demand for flexible displays as these devices become more and more popular in the future years.

RESTRAINING FACTOR

"Higher Cost Challenges Impeding The Negative Effect On The Environment"

Due to the expensive expense of manufacturing these panels, flexible displays are still favoured by society's upper classes even though they are becoming more and more popular worldwide. The high cost is caused by the high expense of producing colorless polyimide films and the scarcity of monomers needed to create colorless  polyimide resin. According to a survey published by the OLED Association, colorless polyimide films are almost twice as expensive as the widely used gorilla glass panels included in most commercial smartphone screens, and can cost up to five times more than regular polyimide films. Therefore, this market's ability to grow is constrained by the extremely high procurement costs, which are mostly related to the monomer utilised in synthesis.

REGIONAL INSIGHTS

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"Asia Pacific To Dominate The Market Owing To Increase In The Demand For Consumer Electronics"

Asia Pacific to hold the majority of optically transparent polyimide films market share. A strong demand for consumer electronics items has been observed in the Asia Pacific region as a result of innovation, price deflation, and rising household incomes, particularly in emerging markets. Asia Pacific's leading electronics businesses, such as Oneplus, Xiaomi, Samsung, and LG, are well-positioned and have a monopoly on commercial uses for flexible electronics. These businesses have led the way in the creation of flexible electronics by employing colorless polyimide films in their componentry. Because of the government's support for the manufacturing industry in the region, these enterprises' research capacities have improved.

KEY INDUSTRY PLAYERS

"Financial Players To Contribute Towards Expansion Of Market Owing To The Joint Ventures For Development"

This optically transparent polyimide films market growth is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of Market Players Profiled

• MGC (Asia Pacific)
• I. S.T Corporation (Asia Pacific)
• CEN (Asia Pacific)
• Electronic Material (U.S.)
• Hipolyking (Asia Pacific)
• NeXolve (U.S.)
• DuPont (U.S.)
• Kolon Industries (Asia Pacific)
• SKC (Asia Pacific)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.