MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION
Timely market intelligence is paramount in these uncertain times!
We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!
Global Polyimide Films Market to Reach $2.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Polyimide Films estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.6 Billion by 2027, growing at a CAGR of 6.2% over the analysis period 2020-2027. Flexible Printed Circuit, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$1.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Specialty Fabricated Product segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $454 Million, While China is Forecast to Grow at 9.7% CAGR
The Polyimide Films market in the U.S. is estimated at US$454 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$555.2 Million by the year 2027 trailing a CAGR of 9.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
Pressure Sensitive Tape Segment to Record 5.3% CAGR
In the global Pressure Sensitive Tape segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$225 Million in the year 2020 will reach a projected size of US$313.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$346 Million by the year 2027, while Latin America will expand at a 6.5% CAGR through the analysis period. We bring years of research experience to this 7th edition of our report. The 291-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, - 3M Company
- Anabond Limited
- Arakawa Chemical Industries Ltd.
- Boyd Corporation
- Circuit Component Supplies Limited
- Compagnie De Saint-Gobain SA
- DowDuPont, Inc.
- Dr. Dietrich Muller GmbH
- Du Pont-Toray Co. Ltd.
- Dunmore Corporation
- Evertech Envisafe Ecology Co., Ltd.
- FLEXcon Company, Inc.
- I.S.T Corporation
- Kaneka Corporation
- Kolon Industries, Inc.
- Nitto Denko Corporation
- Parafix Tapes & Conversions Ltd.
- Polyonics, Inc.
- SkcKolonpi Co.Ltd.
- Suzhou Kying Industrial Materials Co., Ltd.
- Taiho Pharmaceutical Co., Ltd.
- Taimide Tech. Inc.
- Tianjin Hengji International Trade Co., Ltd.
- UBE Industries Ltd.
- Von Roll Holding AG
- Yongkang Haotai Industry&Trade Co., Ltd.
- Yunda Electronic Materials Co., Ltd.