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Industry Overview  Global polyimide films market was valued at USD 2.1 billion in 2017 and is further expected to become USD 4.1 billion by 2024. The rapid increase in this market is attributed towards increasing applicability of these films in the manufacturing segment of electronics and semiconductor components. Polyimide films comprises of an exclusive amalgamation of thermal, electrical, mechanical and chemical properties that resist vibration and extreme temperatures. These films are gaining huge popularity owing to its innovative design solutions provided to several industries such as wind energy, consumer electronics, aerospace, industrial applications and automotive.  Explore Full Report Description at: https:// www.vynzresearch.com/chemicals-materials/polyimide-films-market
market segmentation  On the basis of application, market is segmented into flexible printed circuit, pressure sensitive tape, specialty fabricated product, wire & cables, and motor / generator. Amongst these applications, flexible printed circuit segment is expected to witness highest growth of 10.7% in terms of value during the forecast period. As these circuits are extensively being used by various end-use industries in which electronics and automotive are the major consumers. The demand for polyimide films in this segment is anticipated to be high as the flexible printed circuits are broadly used for improving performance and decreasing the size of electronic systems.
Geographic Overview  Geographically, Asia Pacific is expected to witness fastest growth of 10.8% in terms of value during the forecast period. The key countries that are attributing high demand for the polyimide films in the region include China, Japan, South Korea and India. The major factors that are driving the growth of this market include price deflation, increasing household incomes and upgradation of technology. Moreover, these factors are further expected to escalate the growth of this market for polyimide films during the forecast period. Additionally, increasing disposable income and price deflation in this region has elevated the consumer electronic products demand that is further expected to drive the growth of polyimide films market.
Competition among key players  Some of the major players operating in the global polyimide films market are Kaneka Corporation, Saint-Gobain S.A., E.I. Du Pont De Nemours and Company, Arakawa Chemicals Industries, Ltd., SKCKOLONPI, Inc., Yunda Electronic Materials Co., Ltd., Taimide Tech. Inc., I.S.T. Corporation, FLEXcon Company, Inc., and UBE Industries Ltd.
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