How Will Surge in Disposable Income Drive Polyimide Film Demand?

Statistics Canada states that the household disposable income of the country increased from $ 1,272,838,000,000 in 2019 to $1,399,546,000,000 in 2020. Moreover, the OECD estimates that the average household net adjusted disposable income per capita of Switzerland stands at $37,466 every year, which is greater than the OECD average of $33,604 a year. Furthermore, the National Bureau of Statistics of the People's Republic of China reveals that the per capita disposable income of the nation stood at $5,523 in 2021, which registered an increment of 9.1% year-on-year in nominal terms.

The surge in the disposable income of people in developed and developing countries has resulted in the large-scale adoption of consumer electronics worldwide. Owing to this reason, the polyimide film market will exhibit significant growth in the coming years. The surging use of PI films in the automotive and electronics industries can be credited to the high thermal stability, lightweight, water absorption, excellent durability, and damp-proof usage of such films. Due to such advantageous properties, PI films are used in the production of pressure-sensitive tapes, flexible printed circuits, and wires.

Additionally, the rising vehicle sales and ongoing technological advancements in the automobile sector will also amplify the use of PI films in the foreseeable future. The OICA states that vehicle sales in Europe, North America, Africa, Central and South America, Asia/Oceania/Middle East, and Russia, Turkey and other Europe grew from 6,016,238 units to 7,769,807 units, 8,827,242 units to 11,521,877 units, 369,571 units to 555,988 units, 1,209,843 units to 1,772,866 units, 16,876,658 units to 21,372,188 units, and 1,022,148 units to 1,409,124 units, respectively, from January–June 2020 to January–June 2021.

In the recent past, the FPC category accounted for the largest share in the polyimide film market, within the application segment. The dominance of this category can be owed to the increasing use of PI films in the production of FPCs, as they offer greater thermal resistance than epoxy resins, polycarbonates, and polyurethanes. In contemporary times, PI films are being increasingly used in the production of lightweight and compact FPC assemblies.

Electronics, medical, aerospace, automotive, mining and labelling companies use PI films manufactured by Arakawa Chemicals Industries Ltd., E.I. Du Pont De Nemours and Company, FLEXcon Company Inc., I.S.T. Corporation, Kaneka Corporation, SKCKOLONPI Inc., Saint-Gobain S.A., Taimide Tech. Inc., UBE Industries Ltd., and Yunda Electronic Materials Co. The high-volume usage of PI films by such companies can be credited to the burgeoning demand for improved devices and coating materials from end users.

Thus, the escalating use of consumer electronics and rising automobile sales will facilitate the adoption of PI films globally.

Read More: https://www.psmarketresearch.com/market-analysis/polyimide-film-market

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Why Is Electronics Industry Using Liquid Crystal Polymers?

The increasing demand for electronic devices globally is propelling the requirement for liquid crystal polymers. Smartphones, computers, LED TVs, and microwaves have become part of almost every urban household due to the increasing per capita income and growing population in nations such as India, China, Indonesia, and Brazil. Liquid crystal polymers have aided in the development of these products as they have advanced electrical and mechanical properties. Thus, the growth in the demand for consumer electronics has motivated chemical companies to market their liquid crustal polymers to the electronics sector.

Essentially, the demand for high material strength at extreme temperatures and perfect dimensional stability are playing the key role in the advance of the liquid crystal polymer market around the world. All these properties have made these materials an optimal electronic substrate, therefore, a popular packaging material for the high-frequency circuit boards that are utilized in semiconductors, which are, in turn, integrated into consumer electronic products. Therefore, among all industries, the demand for these materials is the highest in the semiconductor sector.

Moreover, of the two types of this material, thermotropic variants are consumed in the higher quantities. This is majorly due to the fact that thermotropic liquid crystal polymers are wildly utilized as display materials, optical couplers, information storage materials, and blend additives. This is because they are highly compatible with other semiconductor materials, which is why the surging electronics industry is the primary reason behind the growing demand for them.

Therefore, in the preceding years, the liquid crystal polymer market was led by APAC, due to the presence of numerous semiconductor manufacturing hubs in countries such as China, Japan, and Taiwan. The demand for semiconductors is rising owing to the rapid growth in the consumer electronics industry in India and Vietnam. Additionally, most of the major manufacturers of liquid crystal polymers, including Celanese Corporation, Polyplastics Co. Ltd., Toray Industries Inc., and Sumitomo Chemical Co. Ltd., either have manufacturing plants or their very headquarters in the region.

These companies are increasingly catering to domestic automotive, weaponry, and home appliance manufacturers. Some of the most-iconic companies across these industries, such as Sony, Toshiba, Samsung, Videocon, LG, Tata, Blue Star, Asus, Haier, and Hitachi, are headquartered and have numerous manufacturing plants in regional countries. Moreover, TSMC, the largest semiconductor foundry in the world, is based in the region. The presence of all these companies directly or indirectly drives the requirement for liquid crystal polymers in the APAC region.

Therefore, the soaring manufacturing of electrical products will lead to a continuous increase in the demand for liquid crystal polymer in the coming years.

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How Does Anti-Counterfeit Packaging Technology Help in Tracking Shipments?

Solutions for ensuring the secure and safe packaging of products, aiming to reduce brand infringement and counterfeiting, are being widely adopted by various sectors. Such anti-counterfeiting solutions are being integrated with advanced technologies to allow for the smooth shipment of products along the supply chain. Manufacturers can track and trace their shipments and stop fakes from making it to the market. Additionally, consumers benefit from proper packaging and labeling as they tell them whether the product is genuine or fake.

Resultingly, the pharmaceutical and healthcare category will exhibit the fastest growth in the application segment of the anti-counterfeit packaging market in the coming years. These technologies are finding rapid adoption to counter the trade of fake pharmaceutical products, which not only harm the business prospects for genuine labels but also pose a grave threat to consumers. As per Interpol, fake medical products worth $23,414,483 were seized globally under Operation Pangea in 2021. Since pharma and medical devices are a rapidly growing industry, the threat of counterfeits is o becoming bigger here.

In the past, North America held the largest share in the anti-counterfeit packaging market, and it is also expected to maintain its dominance in the coming years. It is attributed to the presence of a large number of food and beverage, pharmaceutical, and other consumer goods companies in this region. The FDA has stringent regulations for the information proper packaging must include, such as the batch number, manufacturing and expiry dates, and manufacturer information, including a unique code, which can be a hologram, barcode, QR code, or any other visual cue.

Therefore, the key reason behind the growth of the anti-counterfeit packaging market in the region is the increasing consciousness of the fact that most of the counterfeits originate in this region, which then make their way to all parts of the world. Therefore, consumers in the region are being educated on the harms of counterfeits and ways to tell real from fake. A key focus of such awareness campaigns is packaging as it is the first thing that catches customers’ eye and is a representative of the manufacturer.

Hence, the need for a secure shipment process for various products, to remove counterfeits from circulation, will propel the demand for anti-counterfeit packaging technologies in the coming years.

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Why Is Cut-Size Uncoated Freesheet Paper Important in Education Institutes?

In a way, paper helps in the growth of the global economy as It is used in almost all places, such as offices, factories, and homes. Moreover, the surging number of educational institutions has provided a lucrative growth opportunity to paper manufacturers. Even now, paper is the most-significant tool for enhancing literacy and providing education in emerging economies, such as Brazil and India. Thus, the growing economy of these countries is propelling the cut-size uncoated freesheet paper market around the world.

India is playing a significant role in this regard as its vast education sector has over 700 universities and 1.5 million schools. These numbers are expected to rise in the coming years, which will continue to create a high demand for this type of paper. Similarly, Brazil has around 30 million students in over 140,000 schools. Despite the governments’ push for digitization, paper is the key material for conveying information in the education sector of these countries because of the unequal access to digital technologies.

Therefore, APAC consumed the highest quantities of this material for different uses in the past. The cut-size uncoated freesheet paper market is also expected to be dominated by this region in the coming years. It will be due to the increasing number of offices and educational institutes, which is propelling the paper industry in regional countries. With over 4 billion people, APAC creates a huge demand for all kinds of paper each day.

Moreover, regional governments are aggressively supporting the education sector and building new schools and universities to accommodate the growing number of adolescents and children. This will ultimately push up the requirement for cut-size uncoated freesheet paper, which is widely used in books and as exam sheets. Similarly, the growing professional population will drive the consumption of this material, especially to feed printers in offices. Additionally, China and India produce a huge quantity of paper, thereby leading to its easy availability.

Therefore, due to the growth of the corporate and education sectors across the world, the demand for cut-size uncoated freesheet paper will increase in the coming years.

Read More: https://www.psmarketresearch.com/market-analysis/cut-size-uncoated-freesheet-paper-market

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