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 - Global Forecast to 2025
[151 Pages Report] 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.
Based on application, flexible displays segment accounted for the largest share in 2019
Based on application, the flexible displays segment accounted for the largest share of the colorless polyimide films market in 2019. Currently, displays can be classified according to their degree of flexibility: flat displays are made of plastic or another non-glass backplane for the benefit of lightness or ruggedness; formed displays are bent once, such as curved automobile dashboard but cannot be flexed further; flexible displays, on the other hand, may be bent or flexed but cannot be rolled. The prospect of flexible displays is promising, but their development is subject to current technical knowledge and manufacturing capabilities. Researchers have been focusing on developing advanced materials, and at the forefront of making flexible displays a reality is the optical polymer film termed as colorless polyimide.
Based on end-use industry, the electronics segment accounted for the largest market share in 2019
Based on end-use industry, the electronics segment accounted for the largest share in 2019. 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.
Asia Pacific accounted for the largest share of the colorless polyimide films market in 2019
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.
Key Market Players
Key players in this market are 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). 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).
Scope of the Report:
|
Report Metric |
Details |
|
Market Size Available for Years |
2018–2025 |
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Base Year Considered |
2019 |
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Forecast Period |
2020–2025 |
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Forecast Units |
Value (USD Million, USD Thousand) Volume (Sq. meter) |
|
Segments Covered |
Application and End-use Industry |
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Geographies Covered |
North America, Asia Pacific, Europe, and Rest of the World |
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Companies Covered |
E. I. du Pont de Nemours and Company (US), Kaneka Corporation (Japan), Kolon Industries Inc. (South Korea), SK Innovation Co., Ltd. (South Korea), Sumitomo Chemical Company Ltd. (Japan), 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) |
This research report categorizes the colorless polyimide films market based on application, end-use industry, and region, and forecasts revenues as well as analyzes trends in each of these submarkets.
Based on application, the colorless polyimide films market has been segmented into:
- Flexible Displays
- Flexible Printed Circuit Boards
- Flexible Solar Cells
- Lighting Equipment
- Others (reflectors & connectors for space antennas and drug delivery tubes)
Based on end-use industry, the colorless polyimide films market has been segmented into:
- Electronics
- Solar
- Medical
- Others (aviation and space research)
Based on the region, the colorless polyimide films market has been segmented into:
- Asia Pacific
- North America
- Europe
- Rest of the World
Recent Developments
- In March 2019, SK Innovation Co., Ltd. announced the completion of its demo plant to produce FCW, with commercial production scheduled for 2020. The company aims to offer clear polyimide films to the global foldable smartphone market, which is expected to grow in the coming years.
- 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.
- 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.
Key Questions Addressed by the Report:
- How are the developments undertaken by various companies expected to affect the colorless polyimide films market in the mid- to long-term?
- What are the upcoming industry end uses of colorless polyimide films?
- What properties drive the use of colorless polyimide films for each application?
- What is the estimated size of the colorless polyimide films market in 2020?
- What are the alternatives to colorless polyimide films?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY & PRICING
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE MARKET OPPORTUNITIES
4.2 GLOBAL COLORLESS POLYIMIDE FILMS MARKET, BY APPLICATION
4.3 GLOBAL COLORLESS POLYIMIDE FILMS MARKET, BY END-USE INDUSTRY
4.4 GLOBAL COLORLESS POLYIMIDE FILMS MARKET, BY REGION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
5.3 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.2 RESTRAINTS
5.3.3 OPPORTUNITIES
5.3.4 CHALLENGES
5.4 PORTER’S FIVE FORCES ANALYSIS
5.4.1 BARGAINING POWER OF SUPPLIERS
5.4.2 THREAT OF NEW ENTRANTS
5.4.3 THREAT OF SUBSTITUTES
5.4.4 BARGAINING POWER OF BUYERS
5.4.5 INTENSITY OF COMPETITIVE RIVALRY
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 PRICING TRENDS
6.3 COVID-19 IMPACT
6.4 APPLICATION SPECIFIC PROPERTIES OF CPI
6.5 ALTERNATIVES OF CPI
6.5 ECONOMIC INDICATORS
7 GLOBAL COLORLESS POLYIMIDE FILMS MARKET, BY APPLICATION
7.1 FLEXIBLE DISPLAYS
7.2 FLEXIBLE SOLAR CELLS
7.3 FLEXIBLE PRINTED CIRCUITS BOARDS
7.2 LIGHTING EQUIPMENT (OLED AND LED LIGHTS)
7.7 OTHERS (DRUG DELIVERY TUBES, ELECTROMAGNETIC INTERFERENCE (EMI) SHIELDING)
8 GLOBAL COLORLESS POLYIMIDE FILMS MARKET, BY END-USE INDUSTRY
8.1 ELECTRONICS
8.2 SOLAR
8.3 MEDICAL
8.4 OTHER
9 GLOBAL COLORLESS POLYIMIDE FILMS MARKET, BY REGION
9.1 INTRODUCTION
9.2 ASIA-PACIFIC
9.2.1 CHINA
9.2.2 INDIA
9.2.3 JAPAN
9.2.4 SOUTH KOREA
9.2.5 TAIWAN
9.2.6 MALAYSIA
9.2.7 REST OF ASIA-PACIFIC
9.3 EUROPE
9.3.1 GERMANY
9.3.2 UK
9.3.3 ITALY
9.3.4 FRANCE
9.3.5 RUSSIA
9.3.6 REST OF EUROPE
9.4 NORTH AMERICA
9.4.1 U.S.
9.4.2 CANADA
9.4.3 MEXICO
9.5 MIDDLE EAST & AFRICA
9.5.1 SAUDI ARABIA
9.5.2 UAE
9.5.3 REST OF MIDDLE EAST & AFRICA
9.6 SOUTH AMERICA
9.6.1 BRAZIL
9.6.2 REST OF LATIN AMERICA
10 COMPETITIVE LANDSCPAE
10.1 OVERVIEW
10.2 COMPETITIVE BENCHMARKING
10.3 COMPETITIVE SITUATIONS AND TRENDS
10.3.1 EXPANSIONS
10.3.2 COLLABORATIONS
10.3.3 ACQUISITIONS
10.3.4 AGREEMENTS
10.3.5 NEW PRODUCT LAUNCHES
11 COMPANY PROFILES
(Business Overview, Products & Services, Key Insights, Recent Developments, Business Strategy) *
11.1. KOLON INDUSTRIES, INC.
11.2. MITSUBISHI GAS CHEMICAL COMPANY INC.
11.2. DUPONT
11.4. NEXOLVE MATERIALS
11.5. KANEKA CORPORATION
11.6. SKC
11.7. WUHAN IMIDE NEW MATERIALS TECHNOLOGY CO.,LTD
11.8. WU XI SHUN XUAN NEW MATERIALS
11.9. INDUSTRIAL SUMMIT TECHNOLOGY CORPORATION
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, and Business Strategy might not be captured in case of unlisted companies
12 APPENDIX
12.1 INSIGHTS FROM INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
12.4 AVAILABLE CUSTOMIZATIONS
12.5 RELATED REPORTS
This study involved four major activities to estimate the current size of the colorless polyimide films market. Exhaustive secondary research was undertaken to collect information on the colorless polyimide films market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the colorless polyimide films value chain through primary research. Both, the top-down and bottom-up approaches were employed to estimate the overall size of the market. Thereafter, the market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the colorless polyimide films market.
Secondary Research
As a part of the secondary research process, sources such as Hoovers, Bloomberg, BusinessWeek, Reuters, and Factiva were referred to for identifying and collecting information for this study on the colorless polyimide films market. Other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, authenticated directories, and databases.
Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the total pool of players, market classification & segmentation according to industry trends to the bottom-most level, regional markets, and key developments undertaken from both, market- and technology-oriented perspectives.
Primary Research
As a part of the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the colorless polyimide films market. Primary sources from the supply side included industry experts such as chief executive officers (CEOs), vice presidents, marketing directors, technology & innovation directors, and related key executives from various companies and organizations operating in the colorless polyimide films market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries. Following is the breakdown of the primary respondents.
Market Size Estimation
Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the colorless polyimide films market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The supply chain of the industry and the market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were used, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The data was triangulated by studying various factors and trends from both, the demand and supply sides. In addition to this, the market size was validated using both, the top-down and bottom-up approaches.
Objectives of the Report
- To define, describe, and forecast the colorless polyimide films market based on application, end-use industry, and region
- To forecast the size of the market and its segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and Rest of the World, along with their respective key countries
- To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
- To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of market leaders
- To strategically profile key players and comprehensively analyze their market share and core competencies
- To analyze competitive developments such as expansions and new product developments in the colorless polyimide films market
The following customization options are available for the report:
- Further breakdown of the Asia Pacific and Europe colorless polyimide films markets
- Product matrix, which provides a detailed comparison of the product portfolio of each company
- Detailed analysis and profiles of additional market players (up to 3)
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