Market Insights
Polyimide, also abbreviated as PI, is a polymer made up of several imide monomers. Polyimides belong to the category of thermally stable bunches of monomers that are based on rigid aromatic backbones. Polyimides are a bunch of extremely strong synthetic monomers that are remarkably chemical and heat-resistant. These materials are efficiently used to replace steel and glass in several challenging industrial applications. Polyimide films allow the implementation of complex and compact assemblies to minimize the overall weight and size. Polyimide materials can withstand temperatures above 300 °C and are widely used for the insulation of generator and electric motor cables and wires. Since polyimides are lightweight, they are widely used in aircraft to reduce overall weight and achieve high fuel efficiency.
Polyimides are widely used in the global market due to their excellent thermal, chemical, and mechanical properties. Growing demand is expected for polyimide, specifying high-performance polymer materials for applications in various end-use industries such as electronics, aerospace, automotive, etc. PI is widely used in industries that have strict material specifications. Due to the outstanding characteristic properties of polyimide, it is very useful for a wide range of applications, such as fasteners, circuit boards, and chemically resistant products.
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Technological advancements, especially in the automotive industry, along with rising per capita disposable incomes and a high standard of living, are some of the key aspects anticipated to bolster overall growth. In addition, a swift increase in infrastructural development coupled with an increasing population, mostly in developing economies such as China, India, and Indonesia, are some other factors driving the demand for automobiles, which in turn is accelerating the global polyimide market. Rising investments in the aerospace and defense sectors are further expected to enrich the demand for polyimide across the globe. Also, technological developments in the production of colorless polyimide films owing to the increasing growth of optoelectronic engineering, are enticing attention from the industrial engineering and academic sectors. Growing demand for polyimide from the electronic industry is the major factor driving the growth of the global polyimide industry.
Polyimides are also used in the development of pioneering technologies in which lightweight materials with high flexibility, strength, and a wide range of working temperatures are required. Hence, rising demand from various end-use industries is also expected to boost the high demand for polyimide in the global market. Based on end-users, the PI market can be segmented into electronic, automotive, aerospace, and industrial, among others. Polyimide is used in the electronic industry as insulation on medical tubing and magnet wires. High-temperature polyimides are applicable to non-loading structural components, which include weapon systems, aircraft, and space vehicles, among others. Hence, the polyimide market is projected to witness high growth during the forecast period from 2017 to 2025.
The global polyimide (PI) market is segmented on the following basis:
End-User
- Electronics
- Automotive
- Aerospace
- Industrial
- Others
Geography
- North America
- Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
Key players identified for the polyimide (PI) market include but are not limited to:
Assmang Proprietary Ltd., Carus Corporation, Consolidated Minerals Limited, Compania Minera Aultan, S.A.B. De C.V., Eramet SA, ERACHEM Comilog, Inc., Eurasian Natural Resources Corporation Limited, and Gulf Polyimide Corporation Limited are among other notable players.
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This report offers the following:
- An overview of the global markets for polyimide
- Market trends assessment for the period 2015-2025, including historical data for 2015 and projections through 2025, as well as respective CAGRs for 2017-2025.
- Qualitative assessment tools such as market drivers, challenges, future prospects, and market attractiveness
- Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
- A general overview of the industry structure
- Company profiles highlighting key information about the major players operating in the polyimide market,
