Colorless Polyimide Films Market To Grow With an Impressive CAGR During The Forecast Period
Global Colorless Polyimide
Films Market is driven by surging demand for flexible displays in the forecast
period, 2023-2027.
According to TechSci Research
report, “Colorless Polyimide Films Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027” The global colorless polyimide films market may show a robust growth in the forecast years,
2023-2027 with an anticipated CAGR value. The market growth can be attributed
to the factors like expanding consumer electronics industry. Applications of
colorless polyimide films in the electronic products is highest, and it also
provides the advantages related to its physical properties like heat
resistance, and thermal stability to the electronic devices, thus driving the
growth of the global colorless polyimide films market in the upcoming five
years. Also, increasing production of flexible displays, flexible circuit
boards, flexible solar cells, etc. is expected to support the growth of the
global colorless polyimide films market in the next five years. Other factors
like surging demands for photovoltaic cells, technologically advanced circuit
boards, evolving designs in the electronics like smartphones, laptops, etc. are
also facilitating the growth of the global colorless polyimide films market in
the future five years. Higher demands for the flexible displays for the medical
equipment also aid market growth. Increasing investments and expanding
healthcare industry has allowed the utilization of technological advancement
like flexible screens on the medical devices that in turn substantiates the
growth of the global colorless polyimide films market in the forecast years
through 2027.
Although recent pandemic
situations may have put a mild restraint on the yearly growth of the market due
to restricted productions, but after the relaxations from the lockdown, the
productions are expected to resume and aid the global colorless polyimide films
market growth in forecast period.
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The global colorless
polyimide films market segmentation is based on application, end user, regional
distribution, and competitive landscape. Based on application, the market is
further bifurcated into flexible displays, flexible printed circuit boards, flexible
solar cells, lighting equipment, and others. Flexible displays are anticipated
to hold the largest revenue shares of the market and dominate the market
segment in the upcoming five years on the grounds of increasing demands for the
product in consumer electronics like smart phones, laptops, etc. Surging demand
for the lightness in the consumer electronics, and ruggedness is also fulfilled
by the flexible displays, thus the segment growth is also expected to further
aid the growth of the global colorless polyimide films market in the next five
years. Flexible solar cells are also expected to register significant shares in
the future five years due to increasing demands for the photovoltaic cells.
Surge in the production of solar energy and thus increasing demand for the
solar cells are responsible for the growth of the segment.
Some of the market players,
dominating the global colorless polyimide films market are :
- E. I. du Pont de Nemours and Company
- Kaneka Corporation
- Kolon Industries Inc.
- Sumitomo Chemical Company Ltd.
- SK Innovation Co., Ltd.
- Industrial Summit Technology Corporation
- Dr. Dietrich Muller GmbH
- Zymergen Inc.
- NeXolve Holding Company
- Wuxi Shunxuan New Materials Co., Ltd.
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“Asia
Pacific region is anticipated to lead the regional analysis of the global
colorless polyimide films market in the upcoming five years on grounds of
abundance of market players in the region. Moreover, research and technological
aspects for the advancement of electronic products is higher in the countries like
China, Japan, South Korea, and India, that supports the growth of the market in
the next five years. South Korea and China hold the highest potential due to
large volume of productions of colorless polyimide films and using it for the
manufacturing of electronic products. Higher investments by the market players,
and favorable approaches from the government of the larger economies in the
country is also anticipated to sustain the rapid growth of the global colorless
polyimide films market in the next five years. New market players may invest in
the research and technologically advanced development of the innovative
products and expanding its application. Collaborations with the global giants
of electronic industry would also aid the brand establishment in the future
five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Colorless Polyimide Films Market - Global Industry
Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Application (Flexible Displays,
Flexible Printed Circuit Boards, Flexible Solar Cells, Lighting Equipment,
Others), By End User (Electronics, Solar Energy, Medical, Others), By Region”,
has evaluated the future growth potential of global colorless polyimide films
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global colorless polyimide films market.
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