Bingya Technology Seizes New Opportunities in Critical FPC Materials

As electronic products such as smartphones, new energy vehicles, and wearable devices continue to evolve toward thinner, lighter, and higher-density designs, demand for flexible printed circuits (FPC) is surging. As an indispensable supporting material in the FPC lamination process, TPX release film directly determines production yield and final performance, making it a high-growth golden in the upstream semiconductor materials sector.

According to market research data, the global revenue for semiconductor FPC TPX release film reached RMB 7.659 billion in 2025 and is projected to climb to RMB 15.44 billion by 2032, representing a compound annual growth rate (CAGR) of 10.6% from 2026 to 2032 — far exceeding the average growth rate of the broader electronic materials industry. Meanwhile, the global high-end release film market was valued at approximately USD 771 million in 2025 and is expected to reach USD 1.163 billion by 2032, with a CAGR of 6.1%.

The global TPX release film market is currently highly concentrated, with the top three players — Mitsui Chemicals, Sekisui Chemical, and Sumitomo Bakelite — collectively holding about 65% of the market share and long occupying core positions in the high-end FPC supply chain. In recent years, domestic manufacturers represented by Bingya Technology have risen rapidly, gradually achieving technological breakthroughs in mid-to-high-end products and beginning to capture an increasingly larger share of the global market.

Zhejiang Bingya Film Technology Co., Ltd. is a high-tech enterprise specializing in polymer films, integrating R&D, production, and sales, with deep expertise in release films, composite films, and other core materials. Its flagship products — PET release film, TPX adhesive-coated release film, and three-in-one composite film — have won the trust of leading circuit board manufacturers such as Foxconn and TCL thanks to their high heat resistance and strong stability.

Industry observers note that the continued expansion of emerging sectors such as FPC, energy storage, power batteries, and flexible displays is driving incremental demand for high-performance release films, leaving ample room for domestic substitution. Bingya Technology is well positioned to benefit from this round of industrial upgrading, using proprietary R&D as its core driving force to steadily expand its share of the high-end film materials market.