Colorless Polyimide Films Market Worth $379 Million By 2025 | At A CAGR of 76.0%
The colorless polyimide films market is projected to grow from USD 22 million in 2020 to USD 379 million by 2025, at a CAGR of 76.0% from 2020 to 2025. The increasing demand for colorless polyimide films from applications such as flexible displays, flexible solar cells, and flexible printed circuit boards, among others, is expected to drive the colorless polyimide films market.
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Recent Developments
In March 2019, SK Innovation Co., Ltd. announced the completion of its demo plant to produce FCW, with commercial production scheduled for 2020. The company aims to offer clear polyimide films to the global foldable smartphone market, which is expected to grow in the coming years.
In March 2019, Kaneka Corporation developed colorless polyimide films for flexible electroluminescent (EL) displays, with plans to start sample shipment by the first half of 2019. The company expects the market for colorless polyimide films to grow due to the emergence of next-generation electronic devices, which will result in increased demand for flexible displays.
In July 2018, Kolon Industries Inc. began the mass production of its innovative colorless polyimide films under the brand name Kolon CPI. The company had invested USD 80 million in the development and construction of a production line at its manufacturing plant in Gumi, Gyeongbuk province, South Korea. By commencing production, Kolon Industries marks itself as the frontrunner in the colorless polyimide films market with the ability to adequately cater to the South Korean electronics market.
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Based on application, the colorless polyimide films market has been segmented into:
Flexible Displays
Flexible Printed Circuit Boards
Flexible Solar Cells
Lighting Equipment
Others (reflectors & connectors for space antennas and drug delivery tubes)
Based on end-use industry, the colorless polyimide films market has been segmented into:
Electronics
Solar
Medical
Others (aviation and space research)
Asia Pacific accounted for the largest share of the global colorless polyimide films market in 2019
Asia Pacific is the dominant market for colorless polyimide films. Innovation, price deflation, and rising household incomes, especially in emerging markets in Asia Pacific, have resulted in high demand for consumer electronics products in the region. Asia Pacific countries are well-positioned to enter the field of flexible electronics and dominate their commercial applications. Countries of this region have numerous large industrial groups with extensive manufacturing capabilities in sectors directly relevant to flexible electronic devices such as microelectronics, optoelectronics, printed electronics, photovoltaics, and flexible displays.
