Polyimides Market

The Polyimides Market size is estimated to reach US$38.2 billion by 2027, growing at a CAGR of 5.6% during the forecast period 2022-2027. The growth of the Polyimides market would be highly influenced by surging demand from electronics, automotive and others due to excellent features of nylon polyimide such as superior mechanical, electrical and thermal features. Polyimides or Kelvar are classified into thermosetting, thermoplastics, aromatic and aliphatic and are utilized in the electronics sector for integrated circuits, consumer electronics devices, insulation films and others. This helps bolster the growth scope for the polyimides market. According to OBERLO, the total revenue of consumer electronics in the US is expected to increase by 7.5% in 2023. The growing electronics industry due to rising demand for consumer electronics, smart electrical devices and an established manufacturing base is fueling the growth scope for the Polyimides industry.

Polyimides Market: The Electrical & Electronics Industry Leads the Market

Based on the end-use industry, the Polyimides market can be segmented into medical & healthcare, automotive, aerospace, marine, electrical & electronics, energy generation and others. The leading segment in the polyimides industry has been evaluated to be electrical & electronics. During the forecast period 2022-2027, the electrical & electronics industry is projected to grow at a CAGR of 6.2%. This can be attributed to growth factors such as a significant upsurge in consumer electronics, demand for smart devices and industrialization.

According to the LG Electronics annual report, the sales of electronic appliances increased by 28.7% to reach US$65.32 billion in 2021 over 2020. Thus, the polyimides industry would grow significantly as a result of emerging applications of polyimides in the electronics sector for semiconductors, integrated circuits and others over the forecast period.

For More Queries About "Polyimides Market" @ https://www.industryarc.com/support.php?id=20085

Polyimides Market: The Asia-Pacific Region Holds the Largest Share

Based on geography, the Polyimides market can be segmented into North America, South America, Europe, APAC and ROW. According to IndustryARC's analysis, Asia-Pacific has emerged as the most profitable region. In 2021, the Asia-Pacific region held a 43.2% share of the total revenues earned by the market globally. The APAC region is estimated to grow rapidly due to the established base for the electronics sector, rising automotive production and industrialization. The electronics sector is lucratively growing in APAC countries, including China, India and others, due to rising demand for consumer electronics, surging production for electrical devices during work-from-home culture and urbanization trends.

According to the Japan Electronics and Information Technology Industries Association (JEITA), the production of consumer electronic equipment in Japan increased from US$215 million in January 2022 to US$230 million in March 2022. With robust growth scope for thermosetting polyimides in the electronics industry for integrated circuits, insulation films and others across APAC countries, the Polyimides industry would emerge significantly over the forecast period.

The Polyimides market would also gain demand from the North American region. The U.S., Canada and others are emerging countries in the Polyimides industry.

R&D Investments:

In June 2022, Baring Private Equity Asia acquired a major stake in a Polyimide film-producing firm named PI Advanced Materials Co., for US$1 billion.

Polyimides Market: Competitive Landscape

Key companies holding major shares in the Polyimides market are SABIC, DuPont, Kaneka Corporation, Asahi Kadri, Evonik Industries, Jiangsu Yabao, Honghu Shuangma, Saint-Gobain, Taimide Technology and Qiangfeng.

To request for a quote, provide your details in the below link:

Media Contact:

Mr. Venkat Reddy
Sales Manager
Email: [email protected]
Contact Sales: +1-970-236-3677

About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.