Global Colorless Polyimide Films Market (2021 to 2026) - Increasing Use in Aerospace and Medical End-use Industries Presents Opportunities

Dublin, Nov. 09, 2021 (GLOBE NEWSWIRE) -- The "Global Colorless Polyimide Films Market by Application (Flexible Displays, Flexible Printed Circuit Boards, Flexible Solar Cells, Lighting Equipment), End-Use Industry (Electronics, Solar Energy, Medical), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The colorless polyimide films market is projected to grow from USD 70 million in 2021 to USD 1,162 million by 2026, at a CAGR of 75.3% from 2021 to 2026.

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.

The flexible displays application segment is projected to grow at the highest CAGR during the forecast period.

Based on application, the flexible displays segment is projected to grow at the highest CAGR during the forecast period. This growth is attributed to the increased use of polyimide films in the manufacturing of flexible displays. In recent years, there has been immense development in the field of flexible active-matrix organic light-emitting diode (AMOLED) displays wherein hard glass is replaced by a flexible substrate made up of colorless polyimide films.

This has made the possibility of flexible displays a reality. Top smartphone manufacturers have already produced initial prototypes of smartphones with flexible displays such as Royole Corporation's FlexPai, Samsung's Galaxy Fold, Huawei's Mate X, and Lenovo's Cplus. Apple has also adopted the trend with a few patents of its own, related to bent edges using flexible OLEDs, foldable iPads, and a futuristic scrollable iDevice. Similarly, flexible substrates like colorless polyimides are being used to make laptops with foldable displays. In May 2019, Lenovo launched the world's first foldable laptop with a 13-inch bendable screen that folds in half to become the size of a book. The device is still in the early stages of development, but the company plans to scale it to commercial production soon.

The electronics end-use industry segment is projected to grow at the highest CAGR during the forecast period.

Based on end-use industry, the electronics segment is projected to grow at the highest CAGR during the forecast period. Colorless polyimides provide excellent thermo-mechanical properties, have high chemical resistance, and are also optically transparent. These properties are suitable for manufacturing electronics such as flexible displays, flexible printed circuit boards, and lighting equipment. Fabricating temperatures may go as high as 300C, and conventional aromatic polyimides tend to disintegrate or change their color at such high processing temperatures. Hence, the demand for colorless polyimides is expected to increase as manufacturing technologies become more efficient and consistent.

Polymeric optical films with high thermal stability, high dimensional stability at elevated temperatures, high optical transparency, and high tensile strength are widely required in modern electronics for use as substrates in flexible displays and to cover windows for flexible active-matrix organic light-emitting diode (AMOLED) devices. However, conventional polymeric optical films such as polyolefin and polyester films have poor thermal and dimensional stability while standard high-temperature polymer films such as polyimides have a highly colored appearance and poor optical transparency in the visible light region.

Asia Pacific is projected to grow at the highest CAGR in the colorless polyimide films market during the forecast period.

Asia Pacific is projected to grow at the highest CAGR in the colorless polyimide films market from 2021 to 2026. The market here has witnessed growth in the last few years, owing to the growing economies of countries and the increasing consumption of colorless polyimide films for flexible display manufacturing in countries such as China, Japan, and South Korea. All major flexible display manufacturers such as LG Display Co., Ltd. (South Korea), Samsung Electronics (South Korea), Innolux Corp. (Taiwan), AU Optronics (Taiwan), Japan Display Inc. (Japan), and BOE Technology Group Co. (China), Ltd are located in Asia Pacific.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Global Colorless Polyimide Films Market
4.2 Colorless Polyimide Films Market Growth, by Region
4.3 Asia-Pacific Colorless Polyimide Films Market, by Application, 2020
4.4 Colorless Polyimide Films Market: Major Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for the Development of Flexible Displays for Electronic and Optoelectronic Devices
5.2.1.2 Superior Thermo-Mechanical Properties
5.2.2 Restraints
5.2.2.1 High Manufacturing Cost and Limited Availability of Monomers for Synthesis
5.2.2.2 Current Limitations of Foldable Display Electronics
5.2.3 Opportunities
5.2.3.1 Increasing Use in Aerospace and Medical End-Use Industries
5.2.3.2 Applications as Coatings for Smart Windows, Optical Fiber, and Touch Panels
5.2.4 Challenges
5.2.4.1 Achieving Product Chemistry and Consistency
5.3 Porter's Five Forces Analysis
5.4 Additional Details on Colorless Polyimide Films
5.4.1 What Properties Drive the Use of Colorless Polyimide Films (Cpi) for Different Applications?
5.4.2 What Unmet Needs Could Enable the Use of an Alternative Material in Electronic Devices?
5.4.3 are Other Materials Being Explored That Can be Suitable Alternatives to Colorless Polyimide Films? What are They, What Drives Their Research and Exploration, and What are the Drivers?

6 Industry Trends
6.1 Value Chain Analysis
6.1.1 Prominent Companies
6.1.2 Small & Medium Enterprises
6.2 Trends/ Disruptions Impacting Customer's Business
6.3 Ecosystem for Colorless Polyimide Films Market
6.4 Patent Analysis
6.4.1 Introduction
6.4.2 Methodology
6.4.3 Document Type
6.4.4 Insights
6.4.5 Jurisdiction Analysis
6.4.6 Top Applicants
6.5 Technology Analysis
6.6 Average Selling Price Trends
6.7 Regulatory Landscape
6.8 COVID-19 Impact Analysis
6.8.1 COVID-19 Health Assessment
6.8.2 COVID-19 Impact on the Colorless Polyimide Films Market
6.8.3 New Opportunities due to the COVID-19 Pandemic

7 Colorless Polyimide Films Market, by Application
7.1 Introduction
7.2 Flexible Displays
7.2.1 High Demand as a Flexible Substrate Material for Flexible Displays
7.3 Flexible Solar Cells
7.3.1 Favorable Mechanical Properties Leading to Growth of Colorless Polyimide-Based Solar Cells
7.4 Flexible Printed Circuit Boards
7.4.1 High Demand for Consumer Electronics Has Led to Increased Demand
7.5 Lighting Equipment
7.5.1 Colorless Polyimide Films are Finding Increased Usage in Amoled Lighting Equipment
7.6 Others

8 Colorless Polyimide Films Market, by End-Use Industry
8.1 Introduction
8.2 Electronics
8.2.1 Demand for Flexible Substrate Material for Modern Electronic Devices is Driving the Consumption of Colorless Polyimide Films
8.3 Solar Energy
8.3.1 Rising Importance of Solar Energy to Reduce Carbon Emissions to Present New Market Growth Opportunities
8.4 Medical
8.4.1 Favorable Chemical Properties Drive the Consumption of Colorless Polyimide Films in this Industry
8.5 Others

9 Colorless Polyimide Films Market, by Region

10 Competitive Landscape
10.1 Overview
10.1.1 Overview of Strategies Adopted by Colorless Polyimide Films Vendor
10.2 Revenue Analysis
10.3 Market Share Analysis
10.4 Competitive Landscape Mapping, 2020
10.4.1 Star
10.4.2 Pervasive
10.4.3 Participant
10.4.4 Emerging Leader
10.5 Competitive Benchmarking
10.5.1 Company Product Footprint
10.5.2 Company Application Footprint
10.5.3 Company End-Use Industry Footprint
10.5.4 Company Region Footprint
10.6 Recent Developments
10.6.1 Others

11.1 Major Players
11.1.1 Kolon Industries Inc.
11.1.2 Wuhan Imide New Materials Technology Co., Ltd.
11.1.3 Industrial Summit Technology Corporation
11.1.4 Nexolve Holding Company
11.1.5 Wuxi Shunxuan New Materials Co., Ltd.
11.1.6 Kaneka Corporation
11.1.7 E. I. Du Pont De Nemours and Company
11.1.8 Sk Innovation Co., Ltd.
11.1.9 Sumitomo Chemical Company Ltd.
11.1.10 Suzhou Kinyu Electronics Co., Ltd.
11.1.11 Changchun Gao Qi Polyimide Material Co., Ltd.
11.1.12 Zymergen Inc.
11.1.13 Dr. Dietrich Muller GmbH

12 Appendix

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