PI Advanced Material Co., Ltd. (South Korea) and DuPont (US) are Leading Players in the Polyimide Films & Tapes Market
The polyimide films & tapes market is estimated to be USD 1.3 billion in 2023 and is projected to reach USD 1.8 billion by 2028, at a CAGR of 8.7% from 2023 to 2028. Polyimide films and tapes are Known for their remarkable high-temperature resilience. Polyimide films & tapes can withstand a wide temperature range and maintain their mechanical and electrical qualities. Hence, it is advantageous in applications where other materials deteriorate or fail in high heat.
Companies such as PI Advanced Material Co., Ltd. (South Korea), DuPont (US), Kaneka Corporation (Japan), and Taimide Tech. Inc. (Taiwan) and Ube Industries Ltd. (Japan) fall under the winners’ category. These are leading players in the polyimide films & tapes market globally. These players have adopted the strategies of new product launches and expansion to fulfill the rising demand for polyimide films & tapes on the regional and global levels.
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PI Advanced Materials Co., Ltd.
The production of polyimide films and tapes is an area of expertise of PI Advanced Material Co., Ltd. These films possess chemical resistance, thermal stability, and electrical insulation. They are utilized in many industries, including aerospace, automotive, electronics, and more. The polyimide tapes produced by the company have robust adhesive capabilities and tolerance to high temperatures. They are essential for applications such as wire harness wrapping, powder coating, and circuit board masking. In June 2023, Arkema acquired 54.07% of PI Advanced Material Co., Ltd.’s share for developing high-performance materials used in electronics and other sectors.
DuPont
DuPont has pioneered creating novel materials essential to many different sectors. The company’s mission has continually focused on science-based solutions over the years. The company manufactures polyimide film used in various end-use industries such as electronics, aerospace, and automotive. In May 2022, DuPont announced to expand production of Kapton polyimide film and Pyralux flexible circuit materials at the Circleville (US) manufacturing site.
Kaneka Corporation
Kaneka Corporation operates in various business segments such as material, health care, and nutrition. Japan is the primary market of Kaneka Corporation. It also has a regional presence in Asia, North America, Europe, and others. In November 2020, Kaneka Corporation launched a super heat-resistant polyimide film called ‘PixeoTM1IB’ for high-speed, high-frequency 5G. The management of 5G millimeter wave zones, which can realize high-speed communications, can be made feasible with this product.
Related Reports:
Polyimide Films & Tapes Market by Application (Flexible Printed Circuits, Specialty Fabricated Products, Pressure-Sensitive Tapes, Motors/Generators, Wires & Cables), End-Use Industry (Electronics, Automotive), and Region - Global Forecast to 2028
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