Polyimide Coatings Market Share | Trends, Size, Report, Business Opportunities, Revenue, Forecast 2027
Market Highlights
Global Polyimide
Coatings Market Share 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 Share 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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