The Worldwide Colorless Polyimide Films Industry is Expected to Reach $1+ Billion by 2026

(MENAFN- PR Newswire) DUBLIN, Nov. 10, 2021 /PRNewswire/ -- 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 Market4.2 Colorless Polyimide Films Market Growth, by Region4.3 Asia-Pacific Colorless Polyimide Films Market, by Application, 20204.4 Colorless Polyimide Films Market: Major Countries

5 Market Overview 5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Increasing Demand for the Development of Flexible Displays for Electronic and Optoelectronic Devices5.2.1.2 Superior Thermo-Mechanical Properties5.2.2 Restraints5.2.2.1 High Manufacturing Cost and Limited Availability of Monomers for Synthesis5.2.2.2 Current Limitations of Foldable Display Electronics5.2.3 Opportunities5.2.3.1 Increasing Use in Aerospace and Medical End-Use Industries5.2.3.2 Applications as Coatings for Smart Windows, Optical Fiber, and Touch Panels5.2.4 Challenges5.2.4.1 Achieving Product Chemistry and Consistency5.3 Porter's Five Forces Analysis5.4 Additional Details on Colorless Polyimide Films5.4.1 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 Analysis6.1.1 Prominent Companies6.1.2 Small & Medium Enterprises6.2 Trends/ Disruptions Impacting Customer's Business6.3 Ecosystem for Colorless Polyimide Films Market6.4 Patent Analysis6.4.1 Introduction6.4.2 Methodology6.4.3 Document Type6.4.4 Insights6.4.5 Jurisdiction Analysis6.4.6 Top Applicants6.5 Technology Analysis6.6 Average Selling Price Trends6.7 Regulatory Landscape6.8 COVID-19 Impact Analysis6.8.1 COVID-19 Health Assessment6.8.2 COVID-19 Impact on the Colorless Polyimide Films Market6.8.3 New Opportunities due to the COVID-19 Pandemic

7 Colorless Polyimide Films Market, by Application 7.1 Introduction7.2 Flexible Displays7.2.1 High Demand as a Flexible Substrate Material for Flexible Displays7.3 Flexible Solar Cells7.3.1 Favorable Mechanical Properties Leading to Growth of Colorless Polyimide-Based Solar Cells7.4 Flexible Printed Circuit Boards7.4.1 High Demand for Consumer Electronics Has Led to Increased Demand7.5 Lighting Equipment7.5.1 Colorless Polyimide Films are Finding Increased Usage in Amoled Lighting Equipment7.6 Others

8 Colorless Polyimide Films Market, by End-Use Industry 8.1 Introduction8.2 Electronics8.2.1 Demand for Flexible Substrate Material for Modern Electronic Devices is Driving the Consumption of Colorless Polyimide Films8.3 Solar Energy8.3.1 Rising Importance of Solar Energy to Reduce Carbon Emissions to Present New Market Growth Opportunities8.4 Medical8.4.1 Favorable Chemical Properties Drive the Consumption of Colorless Polyimide Films in this Industry8.5 Others

9 Colorless Polyimide Films Market, by Region

10 Competitive Landscape 10.1 Overview10.1.1 Overview of Strategies Adopted by Colorless Polyimide Films Vendor10.2 Revenue Analysis10.3 Market Share Analysis10.4 Competitive Landscape Mapping, 202010.4.1 Star10.4.2 Pervasive10.4.3 Participant10.4.4 Emerging Leader10.5 Competitive Benchmarking10.5.1 Company Product Footprint10.5.2 Company Application Footprint10.5.3 Company End-Use Industry Footprint10.5.4 Company Region Footprint10.6 Recent Developments10.6.1 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 Corporation11.1.4 Nexolve Holding Company11.1.5 Wuxi Shunxuan New Materials Co., Ltd.11.1.6 Kaneka Corporation11.1.7 E. I. Du Pont De Nemours and Company11.1.8 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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