Colorless Polyimide Films Market

Key players adopted strategies such as expansions and new product development to enhance their position in the Colorless Polyimide Films Market

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.

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.

In line with the rising demand for colorless polyimide films, 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.

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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.

Kolon Industries Inc., in October 2016, invested USD 80 million to build a colorless polyimide film production line at its Gumi plant in Gyeongbuk province (South Korea). The construction was scheduled for completion during the first quarter of 2018. The addition of a CPI production line showcases the company’s long-term vision of capturing emerging markets like the foldable smartphone market.

Related Reports:

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

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Report Code
CH 7668
RI Published ON
5/29/2020
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