Global Polyimide Films Market to Grow at 10% CAGR till 2024
Advancement
in aerospace technology and growing electronics sector to boost global
polyimide films market through 2024
According to TechSci Research report, “Global
Polyimide Films Market By Application, By End-user Industry, By Region,
Competition, Forecast & Opportunities, 2024”, global polyimide films market is forecast
to register a CAGR of over 10% during the forecast period of 2019-2024. Polyimide
films are used in automobiles, aircraft, electrical and electronics and defense
devices. They have extensive use in electronics industry, as they are used in
the manufacturing of electrical wires, recording devices, flexible printed
circuit boards, cables, and in mobile and computer components. Growing demand for
electronic products is expected to positively impact global polyimide films
market in coming years.
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and an in-depth TOC on " Global Polyimide Films Market "
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The market for polyimide films market is
categorized into application and end-user industry. Based on application, the
flexible printed circuit sub-segment is anticipated to grow at the highest CAGR
during the forecast period. The flexible printed circuit is extensively
utilized by end-use industries, predominantly automotive and electronics. Notably,
there is a high demand for polyimide films, as the flexible printed circuits aid
in reducing the size of the electronic devices as well as improving their functionality.
Further, growing industrial demand for polyimide
films is boosting the number of new product launches, thereby propelling polyimide
films market across the globe. Among the regions, Asia-Pacific polyimide films market is expected
to continue its dominance during the forecast period, on account of new
innovations and studies expanding scope of application. The polyimide films market
in the region is driven by demand from countries like India, China, Japan and
South Korea, owing to rapid industrialization.
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“Expanding automotive and electronics industries
in India and China coupled with infrastructure developments in the Asian region
are some of the major factors steering growth of polyimide films
market across the globe and providing lucrative
opportunities for companies operating in the industry. Among the end-use
industries, electronics segment is anticipated to grow at the highest CAGR, as
the polyimide films provide exceptional electrical insulation properties under
harsh conditions, like exposure to aggressive chemicals, high temperature ranges
and flexibility for component manufacturers and equipment designers.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Polyimide Films Market By Application, By End-user Industry, By Region, Competition,
Forecast & Opportunities, 2024” has evaluated the future growth potential of global polyimide
films market and provides statistics and information on market structure, size,
share and future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers to take sound investment decisions.
Besides, the report also identifies and analyses the emerging trends along with
essential drivers, challenges and opportunities present in the global polyimide
films market.
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