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Colorless Polyimide Films: By Application (flexible displays, flexible solar cells, flexible printed circuit boards, lighting equipment, optical fibers, others), By End-User (Electronics, Solar Energy, Medical and Others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2020 And Forecasts To 2031
Global Colorless Polyimide Films to surpass USD 34,284.3 million by 2031 from USD 121 million in 2021 at a CAGR of 75.9% in the coming years, i.e., 2021-31.
Colorless polyimides have excellent thermo-mechanical characteristics, are chemically resistant, and optically transparent. Electronics like flexible displays, lighting systems, as well as flexible printed circuit board can be made with these qualities. Synthetic polymer optical productions with high thermal conductivity, dimensional stability at various temperatures, optical transparency, and tensile strength are commonly used as substrate in flexible displays and as window covers for flexible complex organic light emitting diode devices in modern electronics.
Global Colorless Polyimide Films market is expected to project a notable CAGR of 75.9% in 2031.
The colorless polyimide films market is likely to be driven by rising demand from products such as flexible displays, adaptable solar cells, & flexible printed circuit board, and many others.
Get More Information - Download Free SampleElectronics industry segment to grow with the highest CAGR during 2021-31
The global colorless polyimide films market may be classified into electronics industry, solar energy, medical, and other end-use industries. Polyimides are colorless and have outstanding thermo-mechanical properties, as well as great chemical resistance and optical transparency. These qualities make electronics like flexible substrates, printed circuit boards, & lighting equipment possible. Temperatures can reach 300°C during the fabrication of electronic components and devices, and typical aromatic polyimides likely to dissolve or change color at such high temperatures. As a result, as production processes improve, the demand for colorless polyimide film from the electronics end-use industry is likely to rise.
Flexible Display segment to grow with the highest CAGR during 2021-31
The market is divided into flexible display, flexible solar cell, flexible printed circuit board, lighting equipment, optical fibers, and others, depending on the application. Flexible displays have the biggest market share among these, owing to increased development due to technical understanding and production capabilities. With the optical polymers film defined as colorless polyimide, the experts have aimed at developing innovative materials & are at the forefront of making flexible displays a reality. Recently, displays have been classified according to their flexibility: flat displays are made using plastic & non-glass backplanes for ruggedness and lightweight.
Get More Information - Download Free SampleDrivers
Increased supply from flexible display applications
Flat screens are made out of plastic or some other non-glass back plane for lightness or ruggedness; shaped displays are twisted once, such as a curved automotive dashboard, but cannot be flexed again; and flexible display, on the other hand, can be bent or flexed but not rolled. Flexible displays do have promising future, but current technical understanding and production skills are limiting their progress. Researchers have been working on developing innovative materials, and the optical polymer film known as colorless polyimide is at the vanguard of making flexible display a reality.
Rising demand for materials that are lightweight
Colorless polyimide films has benefited from rapid advancements in aerospace engineering as well as the expansion of the electronics sector. The global colorless polyimide films market is growing due to rising demand for materials that are lightweight, robust, and trustworthy. Another application where colorless polyimide sheets can be employed is in photovoltaic cells. Glass covering plates are used to protect the fragile electronics within solar cells.
Restraint
Low supply of monomers to synthesis and high production costs
Colorless polyimide market films have been difficult to grow, owing to high production costs and a scarcity of commercially available monomers for synthesis. As a result, when compared to regular polyimide films or other glass-like materials, the commercial cost of purchasing these films increases dramatically. The heavy price is mostly due to the monomer utilized in synthesis, and it acts as a limitation on the market's growth.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Colorless Polyimide Films market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific has resulted the strong market for consumer electronics. Asia Pacific economies are ideally positioned to enter and dominate the sector of flexible electronics in commercial applications. Government funding, which requires government laboratory, universities, and commercial R&D centers, has helped this region improve their research capacity. The market for colorless polyimide films in this region is dominated by nations.
The COVID-19 outbreak resulted massive economic consequences largely determined worldwide economic development in 2020. In terms of manufacturing volume, the colorless polyimide films market is mainly consolidated in Southeast Asian countries. These nations became virus hotspot in Southeast Asia early in the pandemic, the bulk of their production hubs were placed on lockdown to prevent the contagion from spreading. Due to global lockdowns by many governments throughout the world, the epidemic has created not just manufacturing line disruptions & supply-chain blockages, but also manpower shortages and inactive logistics.
Get More Information - Download Free SampleGlobal Colorless Polyimide Films is further segmented by region into:
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Report Attribute |
Details |
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Market size value in 2021 |
USD 121 million |
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Revenue forecast in 2031 |
USD 34,284.3 million |
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Growth Rate |
CAGR of 75.9% from 2021 to 2031 |
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Base year for estimation |
2020 |
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Quantitative units |
Revenue in USD million and CAGR from 2021 to 2031 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
End-User, Application and Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key companies profiled
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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., and Other Prominent Players. |
Colorless Polyimide Films market size was estimated at USD 121 million in 2021 and is expected to reach USD 34,284.3 million in 2031.
Colorless polyimides have excellent thermo-mechanical characteristics, are chemically resistant, and optically transparent. Electronics like flexible displays, lighting systems, as well as flexible printed circuit board can be made with these qualities
Electronics industry and Flexible display segments accounted for the largest Colorless Polyimide Films market share.
Key players: 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., are the key players in the Colorless Polyimide Films market.
Superior Thermo-Mechanical Properties and Increasing Demand for Flexible Displays for Electronic & Optoelectronic Devices, is expected to drive industry growth.
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