Colorless Polyimide Films Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Global Colorless Polyimide Films Market: Highlights

• 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.
• Colorless polyimides are used in a wide range of applications including flexible printed circuit boards, lighting equipment, flexible displays, and flexible solar cells

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Key Drivers of Global Colorless Polyimide Films Market

• Growth in the global electrical & electronics industry is driving the colorless polyimide films market. The electronics industry in India is considered one of the fastest-growing industries in terms of production and export.
• According to the International Data Corporation's (IDC) Asia/Pacific Quarterly Mobile Phone Tracker, demand for smartphones in India has increased significantly of late. In the second quarter of 2019, smartphone shipments in India rose to 36.9 million, up from 32.1 million in the second quarter of 2018. Thus, expansion in the electronics industry, particularly in India and China, is anticipated to propel the colorless polyimide films market during the forecast period.

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Global Colorless Polyimide Films Market: End-use Industry Segment

• Based on end-use industry, the global colorless polyimide films market can be divided into electronics, solar, medical, and others
• The electronics segment is projected to account for major share of the global colorless polyimide films market during the forecast period
• Expanding at a healthy growth rate, solar and medical segments are expected to create significant incremental opportunities during the forecast period
• The others segments is anticipated to expand at a moderate to high pace across the globe in the near future

Global Colorless Polyimide Films Market: Strategic Outlook

• In July 2018, Kolon Industries Inc. began mass production of its innovative colorless polyimide films under the brand name Kolon CPI. The company invested US$ 80 Mn in the development and construction of a production line at its manufacturing plant in Gumi, Gyeongbuk province, South Korea. By commencing production, Kolon Industries marked itself as the frontrunner in the colorless polyimide films market with the ability to adequately cater to the electronics market in South Korea.
• In March 2019, Kaneka Corporation developed colorless polyimide films for flexible electroluminescent (EL) displays. The company expects the market for colorless polyimide films to expand due to the emergence of next-generation electronic devices, which would result in increased demand for flexible displays.

Asia Pacific to be Key Region of Global Colorless Polyimide Films Market

• In terms of region, the global colorless polyimide films market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Consumption of colorless polyimide films is much higher in Asia Pacific than that in other regions.
• In terms of demand, Asia Pacific holds major share of the global market. It is followed by North America and Europe.
• China is a prominent country of the colorless polyimide films market in Asia Pacific. It held major share of the market in terms of volume and value in 2018. India also constituted significant share of the colorless polyimide films market in 2018. The usage of colorless polyimide films in electronic applications is expected to drive the market in the country.
• North America also held vital share of the global colorless polyimide films market in 2018. Superior end-use industry growth and increase in number of domestic players are factors driving the market in the region.
• The market in Latin America and Middle East & Africa is estimated to expand at a moderate pace during the forecast period

Global Colorless Polyimide Films Market: Research Scope

Key Manufacturers Operating in Market

The global colorless polyimide films market was highly fragmented in 2018. Key manufacturers operating in the global market include:

• Sumitomo Chemical Company Ltd.
• SK Innovation Co., Ltd
• Kolon Industries Inc.
• Kaneka Corporation
• Wuxi Shunxuan New Materials Co., Ltd.
• NeXolve Holding Company
• Industrial Summit Technology
• Wuhan Imide New Materials Technology Co., Ltd.

Global Colorless Polyimide Films Market, by Application Industry

• Flexible Printed Circuit Boards
• Lighting Equipment
• Flexible Displays
• Flexible Solar Cells
• Others

Global Colorless Polyimide Films Market, by End-use Industry

• Electronics
• Solar
• Medical
• Others

Global Colorless Polyimide Films Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

• North America
• Asia Pacific
• Europe
• Latin America
• The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.