Polyimide Coatings Market analysis : Global Industry Perspective, Competitive Tracking, Status and Future Forecast, 2020 - 2027

 

Market Highlights

Global Polyimide Coatings Market is projected to reach USD 1,557 Million by 2025, at a CAGR of 6.7% during the forecast period. Polyimide are a group of high-performance polymers exhibits high thermal stability in high or low temperature and posses excellent dielectric traits. The growing use of polyimide coatings in end-use industries like electronic, aerospace, and medical are likely to drive the market growth.

 

Segmental Analysis

According to MRFR analysis, the Global Polyimide Coatings Market has been segmented based on Type, Application, End-Use Industry and Region.

By type, the global polyimide coatings market has been segmented into thermoset and thermoplastic. The thermoset polyimide coating dominated the global market with the largest share of around 90% in 2018 and is expected to exhibit a CAGR of 6.8% during the forecast period. This is largely attributed to the growing use of polyimide coatings in flexible printed circuits, pressure-sensitive tapes and specialty fabricated products. The thermoplastic polyimide coating is often known as a pseudo-thermoplastic. Surging demand for the product on the structural materials in the aircraft and industrial machinery is supporting the growth of the segment.

On the basis of application, the global polyimide coatings market has been divided into electronic parts, tubing, electrical insulation, fiber optic cables, mechanical parts and others. The electronic parts segment dominated with the largest market share in 2018. The segment was valued at USD 417 million in 2018 and is estimated to exhibit the highest CAGR during the forecast period. Polyimide encapsulation is widely used in electric IC devices to protect the device from moisture, ultraviolet-visible light, mobile ion contaminants, and hostile environmental conditions. Additionally, the need to deliver ultra thin electronic coatings in smaller or more complex electronic packages is projected to drive the market growth.

Widespread use of polyimide coatings in electrical & electronic, medical and aerospace industry is expected to create lucrative opportunities for the manufacturers of polyimide coatings in the near future. The increasing adoption of optical fiber cables in the fly-by-wire technology in the aerospace industry is further expected to support market growth. The expanding aerospace industry due to increasing passenger traffic is expected to play a vital role in the growth of the global market.

 

Regional Analysis

Geographically, the global polyimide coatings market has been divided into North America, Latin America, Asia-Pacific, the Middle East & Africa, and Europe. As per the analysis of MRFR, the Asia Pacific market was the dominant regional market, accounting for the leading market share of over 51% in 2018 and is expected to register the highest CAGR during the forecast period. North America closely follows the Asia-Pacific region and expected to follow the trend during the assessment period. This is attributed to the growing demand for medical coated drug delivery devices and flow control system in the region is likely to drive market growth.



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Key Findings of the Study

  • Global Polyimide Coatings Market reached USD 997 Million in 2018 and is projected to reach USD 1,557 Million by the end of 2025, at a CAGR of 6.7% during the forecast period.
  • Based on type, the thermoset segment held the largest share of more than 90% in 2018 and expected to grow with significant CAGR during the forecast period.
  • By application, the electronic parts application witnessed significant growth and is projected to reach USD 686.5 million by 2025.
  • Based on the end-use industry, the aerospace industry is projected to reach USD 417.1 million by 2025 with a CAGR of 6.1% during the forecast period.
  • North America and Asia-Pacific accounted for more than 68% in 2018 due to the rapid adoption of polyimide coatings in the fiber optic cables and flexible printed circuits. China, the leading country in the global semiconductor market and the world’s largest manufacturers of electronic products accounted for over one-third of global production in 2018. Considering the healthy growth of the electronics industry in the emerging economies of Asia-Pacific, the demand for polyimide coatings in the regional market is projected to rise significantly in the years to follow.

 

Key Players

Market Research Future (MRFR) identifies the following companies as the Key Players in the Global Polyimide Coatings Market: Ube Industries Ltd (Japan), I.S.T Corporation (Japan), Toray Industries, Inc. (Japan), SOLVER POLYIMIDE (China), Mitsui Chemicals, Inc. (US), SKCKOLONPI (South Korea), ELANTAS Beck India Ltd (India), Kaneka Corporation (Japan), Saint-Gobain (France), DuPont (US), TAIMIDE (Taiwan), and FLEXcon Company, Inc. (US)

 

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Regional Outlook

The smartphone screen protector market has been geographically segmented into five regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

APAC ruled the global smartphone screen protector market in 2018 and claimed close to 47% of the market. The regional growth can be attributed to increased disposable income and changing lifestyles of consumers. The APAC market is estimated to reach the value of USD 18,493.4 million by 2023 at a CAGR of 10.81% during the forecast period.

The Europe market captured the second-largest share which was 20% of the market and had reached the value of USD 3,890.9 million in 2017. The market is deemed to register a CAGR of 8.75% during the review period. The region, by country, is segmented into Russia, Germany, the U.K., Italy, France, Spain, and the rest of Europe. The Russian market accounted for approximately 25% of the market share in 2017 and is projected to grow at a CAGR of 10.03% during the assessment period.

The market in North America accounted for 16% of the market share in 2017 and is projected to reach the valuation of USD 5913.1 million by 2023. The regional market is segmented into the United States (U.S.) and Canada, with the US market capturing the larger share of the market and expected to grow at a CAGR of 9.20%.

The markets in Latin America and the Middle East & Africa are estimated to register a moderate yet steady growth over the next five years.

 

Global Smartphone Screen Protector Market – Competitive Analysis

Some of the key players operating in the global smartphone screen protector market are ZAGG Inc. (US), AZ Infolink Private Limited (India), Corning Incorporated (US), Nippon Electric Glass Co., Ltd (Japan), SCHOTT AG (Germany), Belkin International, Inc. (US), FeYong Digital Technology Limited (China), Shenzhen Yoobao Technology Co., Ltd (China), BodyGuardz (US), and AGC (Japan).

 

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

 

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