The polyimide films & tapes market size was USD 1,437.0 million in 2018 and is projected to register a CAGR of 12.5% between 2018 and 2023.
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How is the increasing demand in emerging economies creating an opportunity for market growth?
The increasing disposable income and rising standards of living in emerging nations have contributed to an increase in the application of polyimide films. In countries such as India, China, and Brazil, the demand for polyimide films is growing at a rapid pace. The shift of production bases of polyimide films from developed to emerging regions due to cheap labor & raw materials, lack of stringent regulations, and favorable government policies are providing opportunities for the market players to expand their businesses.
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Are the issues with the processing of polyimide films challenging the market growth?
Polyimides are a class of high-performance polymer materials defined by the imide functional group. Their key properties of thermal stability and chemical resistance arise from the structure of the polyimide backbone, while their mechanical strength is a consequence of the imide structure.
The high level of technical competency involved in the processing of polyimide films is the major challenge for the market. Their strong resistance to heat and chemical can also lead to processing difficulties, such as the lack of solubility, which leads to other materials commonly being integrated into the polymer matrix.
Some of the key issues in the processing of polyimide films are high non-uniformity, high stress due to which the thickness of the films is reduced to about 50–60% of the deposited values, and poor adhesion.
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