(MENAFN- EIN Presswire) EINPresswire/ -- The global polyimide films market continues to gain momentum, driven by surging demand from key industries such as electronics and aerospace. According to Allied Market Research, the market was valued at $1.7 billion in 2020 and is projected to reach $3.0 billion by 2030, growing at a CAGR of 5.6% (2021–2030).

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Key Market Drivers:

- Growing electronic applications: Expanding use of printed circuit boards, wires, cables, and semiconductor components has significantly boosted the demand for polyimide films due to their thermal stability and mechanical strength.
- Rising aerospace utilization: Lightweight, high-performance materials like polyimide films remain essential in aircraft manufacturing and maintenance.
- Emergence of transparent, flexible polyimide films: New product innovations are opening opportunities in flexible displays and next-generation electronics.

However, high production costs continue to act as a barrier for wider market penetration.

Segmental Highlights:-

By Application:

- Flexible Printed Circuits held the largest share in 2020 over one-third of the market and is set to maintain dominance.
- This segment is also projected to record the fastest CAGR of 6.0% through 2030.
- Other applications include pressure-sensitive tapes, wire & cable, specialty fabricated products, and others.

By End-Use:

- Electronics emerged as the top end-use segment in 2020 with around one-third share.
- It is also expected to grow the fastest at a CAGR of 5.9% from 2021–2030.
- Additional end-use categories include labeling, aerospace, automotive, and others.

By Region:

- Asia-Pacific, followed by North America, dominated the global market in 2020, accounting for more than two-fifths of the share.
- Asia-Pacific is expected to retain its lead with the fastest CAGR of 6.2% during the forecast period.

Key Market Players:

Leading companies shaping the polyimide films landscape include:

- Chemical Industries Ltd.
- FLEXcon Company Inc.
- DuPont
- Kaneka Corporation
- KOLON Industries
- Saint-Gobain
- SHINMAX Technology Ltd.
- Taimide Tech. Inc.
- Toray Industries Inc.
- UBE Industries Ltd.

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About Us

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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