|【英語タイトル】Polyimide Films Market - Growth, Trends, and Forecast (2019 - 2024)|
The market for polyimide films is expected to expand at a CAGR of 7.50% during the forecast period of 2019 – 2024. Major factors driving the market studied is the increasing demand from the electronics industry. High processing cost of polyimide films is one of the major challenges witnessed in the polyimide films market
Increasing adoption of hybrid and electric vehicles is likely to act as an opportunity in the future.
Europe dominated the market across the globe with the largest consumption from countries, such as Germany and France.
Key Market Trends
Increasing Demand from the Electronics Industry
The electronics industry is by far the largest end-user segment, accounting for more than 50% of the usage of polyimide films in 2018. This is majorly due to its wide application base in the industry, including usage in housing cell phones, computers, electrical chargers, fax machines, pagers, connectors, battery boxes, etc.
Moreover, polyimide films offer properties that make them highly suitable for the electronics sector. These properties include lightweight and impact- and shatter-resistant qualities, temperature resistance, high service temperature, ductility, and toughness in thin sections.
The demand for consumer electronic products is on the rise, driven by innovation, rapid urbanization, education attainments, and growing household incomes, particularly in the emerging markets of the Asia-Pacific region (especially in China and India). The smartphone and wearable segment of the industry is the booming product categories.
The electronics industry in Asia-Pacific has been growing at a rate of more than 5% over the past couple of years and is estimated to continue the growth rate for the next few years.
Furthermore, with an increased focus on their manufacturing industry, countries, like India, are offering various incentives to the companies. Electronics companies are heavily investing in India.
Hence, with such increasing demand, investments, and production in the electrical and electronic industry, the demand of polyimide films for application in various electrical and electronic products is also expected to increase, during the forecast period.
Asia-Pacific to drive the market growth
Europe dominated the global market share in 2018. But it is highly likely for the Asia-Pacific region to augment Europe in creating the market demand for polyimide films during the forecast period.
With the growing automotive industry and the increasing demand from the electronics industry in countries, such as China, South Korea, and Japan, the usage of polyimide films is increasing in the region.
In Asia-Pacific, China provides the major market for the polyimide films of the regional market share. Despite the decrease in the production of the automotive industry in 2018, the significant development of the aerospace and electronics industry has resulted in the significant growth of the Chinese polyimide films industry in 2018.
The aircraft parts and assembly manufacturing sector in the country is growing at a rapid pace, with the presence of over 200 small aircraft parts manufacturers. Major manufacturers are concentrated in Nanchang, Shanghai, Chengdu, Xi’an, Harbin, Shijiazhuang, and Shenyang. The aviation base in Zhoushan is also being developed in order to create a robust aircraft manufacturing, repair, and maintenance base to cater to a capacity of nearly 600 aircrafts every year by 2025.
Moreover, China has the world’s largest electronics production base and offers tough competition to existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, tablets, and so on, have the highest growth in the market in the consumer electronics segment.
Overall, with the consistent growth in the automotive, aerospace, and electrical and electronics industries in the country, the demand for polyimide films is expected to increase at a faster pace in the overall region, in the coming years. The large market size coupled with the huge growth of Asia-Pacific is quite instrumental in the expansion of the polyimide films market.
The polyimide films market is consolidated and the top four players accounted for nearly 68%-73% share in the overall market revenue. These companies include DuPont-Toray Co. Ltd, Kaneka Corporation, SKC Kolon PI Co. Ltd, and UBE Industries Ltd.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Increasing Demand from Electronics Industry
4.1.2 Accelerating Usage in Automotive and Aerospace Industry
4.3 Industry Value-Chain Analysis
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1.1 Flexible Printed Circuit
5.1.2 Specialty Fabricated Product
5.1.3 Pressure Sensitive Tape
5.1.4 Wire and Cable
5.2 End-user Industry
5.2.5 Other End-user Industries
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.3.2 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.3.4 South America
18.104.22.168 Rest of South America
5.3.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Anabond Ltd
6.4.2 Arakawa Chemicals Industries Ltd
6.4.3 Du Pont-Toray Co.Ltd
6.4.4 Flexcon Company Inc.
6.4.5 I.S.T Corporation
6.4.6 Kaneka Corporation
6.4.7 Liyang Huajing Electronic Material Co. Ltd
6.4.9 Shinmax Technology Ltd
6.4.10 Skc Kolon PI Co. Ltd
6.4.11 Suzhou Kying Industrial Materials Co. Ltd
6.4.12 Taimide Tech Inc.
6.4.13 Tianjin Hengji International Trade Co. Ltd
6.4.14 UBE Industries Ltd
6.4.15 Von Roll Holding AG
6.4.16 Zhejiang Hecheng Electric Technology Co. Ltd
6.4.17 Yunda Electronic Materials Co. Ltd
*List Not Exhaustive
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Adoption of Hybrid and Electric Vehicles
**Subject to Availability