Global Transparent Polyimide Film Market Will Surge Up with CARG of 82.15% - QYResearch Report
QY Research has published a newest report on the global Transparent Polyimide Film market. According to the research, the global Transparent Polyimide Film market was valued at USD 21.72 million in 2020 and is expected to reach USD 1442 million by the end of 2027, growing at a CAGR of 82.15% between 2021 and 2027.
Polyimide film is an electrical insulating material with very special properties and can therefore be used in a variety of ways. Polyimide (short: PI) is a thermoplastic synthetic substance for high-temperature applications. Colorless polyimides provide excellent thermo-mechanical properties, have high chemical resistance, and are also optically transparent.
Polyimide film is mainly classified into two types: pyromellitic type, biphenyl type. pyromellitic type is the main type in the world, shared more than 60-80% of the total market. Biphenyl type is mainly developed and manufactured by UBE over the world. Polyimide film is mainly made from PMDA, ODA, BPDA, PPD, etc. Polyimide film is mainly used for consumer electronics industry, aerospace industry and industrial electrical insulation tapes, etc. Transparent polyimide film is a high-end product of polyimide film. Before 2007-2016, there were few applications of transparent polyimide film, which was mainly limited by price. Since 2018, transparent polyimide film has become a popular product due to the emergence of flexible folding mobile phones, but the current market scale of transparent polyimide film is still small.
Global Transparent Polyimide Film Market- Key Players
MGC, DuPont, SKC, Kolon Industries, I.S.T Corporation, NeXolve, Kaneka Corporation, SK Innovation, CEN Electronic Material, Taimide Tech, Sumitomo Chemical, are key suppliers in the industry. MGC is the largest manufacturer with nearly 45% production share in 2020. Kolon Industries is the follower, who also owns more than 28% share. The industry has technology barrier and is highly concentrated presently.
Optically Transparent Polyimide Films produced by Japan and USA are better, and the price is higher. Due to technical reasons, China's product quality is poor. As far as the global market is concerned, the players currently entering commercial production of transparent polyimide films include MGC, SKC, and Kolon Industries. In the future, potential players mainly include Kaneka, UBE and Sumitomo. We are not optimistic that Chinese players can take advantage of the market. As the downstream customers only have a few players such as BOE, LG and Samsung Electronics, it is expected that only 2-3 companies can become market leaders.
Global Transparent Polyimide Film Market: Segmental Analysis
On the basis of product thickness, the global Transparent Polyimide Film market is segmented into 1 Thickness>25μm, 15μm<Thickness≤25μm, Thickness≤15μm. 15μm<Thickness≤25μm is the most widely used type and owns 69.14% share in 2020.
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