The global polyimide films market is experiencing growth and is projected to reach USD 2.19 billion by 2030. This growth can be credited to the progress of aerospace devices and the quick development in the automotive and electronics industries.
In recent years, the flexible printed circuits category held the largest market share of above 40%. This can be credited to the fact that polyimide sheets are utilized as the basis for the making of flexible printed circuit boards, which are extensively utilized in consumer electronics, like automobiles, mobile phones, and next-generation flexible displays.
In the aerospace sector, such circuits are used to provide thermal resistance in high-temperature application areas. Moreover, they are extensively used for flexible connections that are continuously under stress, like in inkjet printers and are simpler to install, lighter, and compact in size.
In the coming few years, the aerospace category is estimated to advance at a substantial CAGR in the polyimide films market. This is mainly because such films are utilized in aerospace apps, like sensors, wires & cables, and engines; and the increasing expenditure from government and private sectors toward aerospace activities. Furthermore, such films are significantly used in the making of defense equipment, credited to their features like high strength, lightweight, flexibility, and durability.
Conventional polymer films are inappropriate for use in high-heat works; however, the arrival of transparent films into the industry for optoelectronics and display has removed the issues that were before encountered as a result of conventional films. Such properties generated supportive conditions for the development of the industry in the coming few years. Also, improvements in smart device tech in the past few years have created opportunities for market players.
In recent years, the electronics category had a revenue share of over 52%, credited to technical improvements in this field. Some of the products witnessing fast growth in this market, such as smart TVs, 3D TVs, tablets, and smartphones. Old-style FPCBs are made from flexible copper-clad laminates (FCC), which are made up of polyimide sheets bonded to copper foils.
In recent years, the APAC region dominated the polyimide films market with a revenue share, of approximately 42%, and the region is also projected to experience a substantial growth rate in the coming years. This can be credited to the surge in demand for these items from nations like Japan, South Korea, China, and India. Additionally, as the consumer
electronics sector advances, there is a high requirement for these films across the region.
Hence, the progress of aerospace devices and the quick development in the automotive and electronics industries are the major factors propelling the market.