Kaneka Corporation (Japan), Taimide Tech. Inc. (Taiwan) and Kolon Industries Inc., (South Korea) are Leading Players in the Polyimide Films and Tapes Market
The polyimide films and tapes market is estimated to be USD 1.4 billion in 2020 and is projected to reach USD 2.1 billion by 2025, at a CAGR of 7.9% from 2020 to 2025. Increased demand from the electronics industry, the growing automotive industry, and superior thermal and mechanical properties of polyimide films in comparison to other polymers are the key factors driving the growth of the polyimide films and tapes market. Kolon Industries Inc., (South Korea), E. I. du Pont de Nemours and Company (US), PI Advanced Material Co., Ltd. (South Korea), 3M Company (US), Kaneka Corporation (Japan), Ube Industries (Japan), Taimide Tech. Inc. (Taiwan), Arakawa Chemicals Industries Inc. (Japan), Shinmax Technology Ltd. (Taiwan), and FLEXcon Company, Inc. (US) are some of the leading players in this market. These market players have focused on new product launch and expansion the strategies to cater to the demand for polyimide films and tapes across various applications in end-use industries.
In July 2018, Kaneka Corporation (Japan) invested USD 10 million to increase the production capacity at its Shiga and Tochigi manufacturing sites in Japan. This expansion was completed in 2019 and helped the company increase the production of ultra-heat resistant polyimide films to cater to its growing demand from the electronics and aerospace industry.
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In August 2018, Taimide Tech. Inc. (Taiwan) completed Phase 2 of the expansion of their polyimide films manufacturing facility at Tongluo, Taiwan. The expansion focused on the addition of a production line for polyimide film manufacturing to meet the increasing demand of the product from the electronics and automotive industry.
In July 2018, Kolon Industries Inc. (South Korea) began mass production of its innovative colorless polyimide films under the brand name of Kolon CPI. The company had invested USD 80 million in 2016 for constructing a colorless polyimide film production line at its Gumi plant situated in the North Gyeongsang Province (South Korea). These innovative CPI films will be used as a substitute for display substrates in foldable smartphones. This development has opened the market of foldable smartphone cover windows for the company.
Related Reports:
Polyimide Films and Tapes Market by Application (Flexible Printed Circuits, Specialty Fabricated Products, Pressure Sensitive Tapes, Motors/Generators, Wires/Cables), End-Use Industry - Global Forecast to 2025
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