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