A polymer of imide monomers is called polyimide. Polyimides are highly heat-resistant, thus find a wide variety of applications in roles that require rugged organic materials. It is used in high temperature fuel cells and many military applications. It also has applications in various industries such as automotive, electronics, labeling, and aerospace. Polyimides are available in a variety of forms such as polyimide films, rods, laminates, stock shapes, molded shapes, tubes, and plates. Some manufacturers create polyimide as resins. However, polyimide film is the most popular among all these forms.
M&A Activities On the Rise
Partnerships and mergers & acquisitions (M&A) activities are an important part of the global market that allows companies to expand their business and market position. Kaneka North America (KAH), a subsidiary of Kaneka Corp recently announced that it has acquired Applied Poleramic, Inc. (API). The two companies made a Stock Purchase Agreement in the recent past where KAH will acquire all of the shares of API.
With this acquisition, the company is all set to enter into the aerospace sector. At present, the aerospace sector is witnessing a substantial growth for high performance composites in various applications such as rockets, engines, and launch vehicles. According to the company, it will continue seeking M&A opportunities to further strengthen company growth.
Market Overview
Based on the findings of a report available on Grand View Research, Inc.; the global polyimide market is anticipated to witness a substantial CAGR of around 9% over the forecast period (from 2017 to 2025). Revolutionary developments in automobile and aerospace industries in terms of high quality products are anticipated to augment the market growth over the forecast period.
In addition, extensive investments in research and development (R&D) activities by various government and private sectors are also anticipated to propel the market growth over the next few years. Saint-Gobain S.A.; Von Roll Holding AG; Arakawa Chemicals Industries, Ltd.; Kaneka Corp.; and E. I. Du Pont De Nemours and Co. are some of the prominent manufacturing companies operating in the global polyimide film market.
In-Depth Research Report On Polyimide Film Market:
https://www.grandviewresearch.com/industry-analysis/polyimide-film-market
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