The colorless polyimide films market is projected to grow from USD 96 million in 2022 to USD 1,102 million by 2027, at a CAGR of 60.0% during the forecast period. This innovative film material integrates the benefits of traditional aromatic polyimide films with transparent polymer films. The film posses distinctive properties such as high thermal and dimensional stability, excellent chemical resistance, low dielectric constant, and most remarkably high optical transparency and transmittance. 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.
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Companies such as DuPont (US), Kaneka Corporation (Japan), Kolon Industries Inc. (South Korea), SK Innovation Co., Ltd. (South Korea), and Sumitomo Chemical Company Ltd. (Japan) fall under the winner’s category. These are the leading players in the colorless polyimide films market, globally. These players have adopted strategies such as expansions, agreements, and new product development to enhance their position in the market.
Kolon Industries Inc. is a South Korea-based company engaged in the manufacturing of chemical fibers and textiles. The major focus of the company is on the development of films that find application in flexible displays, foldable smartphones, and flexible printed circuit boards. It has regional presence in Asia Pacific, Europe, and North America. In first half of 2021, Kolon Industries supplied transparent polyimide films for the cover window of Xiaomi’s first foldable smartphone, Mi MIX FOLD.
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Kaneka Corporation is one of the major players in the colorless polyimide films market. The company specializes in manufacturing these films for mobile and communication applications. The company has its regional presence in North America, Asia Pacific, Europe, and Middle East. In November 2020, the company introduced its super heat-resistant polyimide film, Pixeo-IB for application in processing of high-speed, high-frequency 5G.
SK Innovation Company Ltd. is a South Korean company engaged in energy-related businesses. The company markets its colorless polyimide films via its subsidiary SK IE Technology Co., Ltd. The company has regional presence across the Asia Pacific and North America. In April 2022, SK Innovation Company Ltd. was selected to supply colorless polyimide films for Asus’ first foldable display in Zenbook 17 fold laptop.
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Asia Pacific leads the market for colorless polyimide films, driven by innovation, price reductions, and increasing household incomes, particularly in emerging markets. Electronics giants like OnePlus, Xiaomi, Samsung, and LG, situated in the region, dominate the realm of flexible electronics, leveraging colorless polyimide films in their products. With rising demand for flexible electronics, these companies are poised to ramp up production. For instance, OMDIA predicts a tenfold increase in flexible OLED panel shipments from 2022 to 2028. Consequently, the Asia Pacific region is anticipated to remain the focal point for colorless polyimide film market growth.
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