Polyimide Coatings Market Share Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2030
Market Highlights
Global Polyimide Coatings Market Size 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 Share 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 share 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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