Polyimides (PI) Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 5.46 Billion |
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Market Size (2029) | USD 7.60 Billion |
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Largest Share by End User Industry | Electrical and Electronics |
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CAGR (2024 - 2029) | 6.83 % |
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Largest Share by Region | Europe |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Polyimides (PI) Market Analysis
The Polyimides (PI) Market size is estimated at 5.46 billion USD in 2024, and is expected to reach 7.60 billion USD by 2029, growing at a CAGR of 6.83% during the forecast period (2024-2029).
5.46 Billion
Market Size in 2024 (USD)
7.60 Billion
Market Size in 2029 (USD)
5.13 %
CAGR (2017-2023)
6.83 %
CAGR (2024-2029)
Largest Market by End-user Industry
39.78 %
value share, Electrical and Electronics, 2023
Due to its considerable insulation, wear, and friction resistance, PI is widely used in electronic and electrical applications. Thus, the industry recorded the largest share.
Fastest Growing Market by End-user Industry
7.53 %
Projected CAGR, Aerospace, 2024-2029
Owing to their insulation and high-temperature resistance properties, the demand for PI films is increasing for insulation applications. Thus, aerospace is forecast to be the fastest-growing industry.
Largest Market by Region
40.35 %
value share, Europe, 2023
Owing to huge markets such as Germany, France, the United Kingdom, and Italy, Europe held a revenue share of around 47.96% of aerospace components production and dominated the market.
Fastest Growing Market by Region
9.09 %
Projected CAGR, Africa, 2024-2029
Africa is projected to be the fastest-growing region, recording the fastest CAGR of 7.62% in electronics production
Leading Market Player
10.70 %
market share, PI Advanced Materials Co., Ltd., Ltd.
With the largest production capacity of around 5.5 kilotons per year of PI in 2022, the company held the largest share. The company also offers various PI products, including films, varnishes, powders, and other products.
Significant demand for consumer electronics to aid market demand
- Polyimides are high-performance plastics that can withstand high temperatures and corrosive environments. Due to their non-adhesive and low friction properties, they are suitable for applications in various end-user industries like aerospace, electronics, automotive, and telecommunications.
- The electrical and electronics segment occupied the largest market share by volume in 2022. A significant shift of consumers toward consumer electronics like laptops, mobile phones, and smart devices as companies began adopting work-from-home models and people began setting up home offices caused a surge in demand for consumer electronics, which increased the consumption of polyimides. Global consumer electronics revenue is projected to grow to USD 1103 billion in 2023 and is expected to grow annually by 2.17% between 2023 and 2027.
- Aerospace is the second-largest segment and is likely to register a CAGR of 7.78% by value during the forecast period (2023-2029), making it the fastest-growing segment as well. This growth can be attributed to the increased production of aerospace components worldwide. For instance, aerospace production revenue reached USD 466 billion in 2022 compared to USD 430 billion in 2021. The European aerospace segment is the largest consumer of polyimides, of which France held 28.83% of the European market share by volume in 2022, making it the largest consumer of polyimides in Europe. France is home to multiple global aerospace components and aircraft manufacturers, such as Dassault Aviation and Airbus. The well-established nature of the industry has also supported the demand for polyimides.
_Consumed_by_end_user_industry__USD__Global__2017_-_2029.svg "Polyimides (PI) Market Trends")
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China and Japan to dominate Asia-Pacific growth of PI
- Asia-Pacific was the largest segment in terms of consumption of polyimides in 2022. It is predicted to register a CAGR of 7.10% in terms of value during the forecast period, making it the fourth fastest-growing segment. This growth can be attributed to countries like China and Japan, which accounted for 59% and 13%, respectively, of the region's overall polyimide consumption in 2022.
- China's electrical and electronics industry is the major consumer of polyimides, accounting for 50% of the country's overall polyimide consumption in 2022. Owing to a significant increase in the demand for consumer electronics like laptops and mobiles as companies began adopting work-from-home models and people started setting up home offices, the demand for polyimides increased in the country. This trend is expected to continue in the future as China's consumer electronics segment is projected to generate a revenue of USD 257.6 billion by 2023.
- The United Arab Emirates is the fastest-growing segment in the Middle East, making it one of the fastest growing regions. It is likely to register a CAGR of 8.98% in terms of value during the forecast period [2023-2029]. The country's electrical and electronics segment is the fastest-growing end user. Electrical and electronics production is expected to reach USD 73 billion in 2029 compared to USD 39 billion in 2022. The electronics market in the country is projected to reach a market volume of around USD 3.32 billion in 2027 from USD 2.41 billion in 2023.
Global Polyimides (PI) Market Trends
Technological advancements in electronics industry may foster the growth
- The rapid pace of technological innovation in electronic products is driving the consistent demand for new and fast electrical and electronic products. In 2022, the global revenue of electrical and electronics stood at USD 5,807 billion, with Asia-Pacific holding a 74% market share, followed by Europe with a 13% share. The global electrical and electronics market is expected to record a CAGR of 6.61% during the forecast period.
- In 2018, the Asia-Pacific region witnessed strong economic growth owing to rapid industrialization in China, South Korea, Japan, India, and ASEAN countries. In 2020, due to the pandemic, there was a slowdown in global electrical and electronics production due to the shortage of chips and inefficiencies in the supply chain, which led to a stagnant growth rate of 0.1% in revenue compared to the previous year. This growth was driven by the demand for consumer electronics for remote working and home entertainment as people were forced to remain indoors during the pandemic.
- The demand for advanced technologies, such as digitalization, robotics, virtual reality, augmented reality, IoT (Internet of Things), and 5G connectivity, is expected to grow during the forecast period. Global electrical and electronics production is expected to register a growth rate of 5.9% in 2027. As a result of technological advancements, the demand for consumer electronics is expected to rise during the forecast period. For instance, the global consumer electronics industry is projected to witness a revenue reach of around USD 904.6 billion in 2027, compared to USD 719.1 billion in 2023. As a result, technological development is projected to lead the demand for electrical and electronic products during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Fast-paced growth of aviation industry and increased aircraft contracts may aid market growth
- Fast-paced urbanization and investments in Asia-Pacific region may boost the industry
- Growing demand for electric vehicles may boost automobile industry growth
- Demand for flexible packaging from the food and beverage industry boosting market growth
Polyimides (PI) Industry Overview
The Polyimides (PI) Market is fragmented, with the top five companies occupying 32.57%. The major players in this market are DuPont, Kaneka Corporation, PI Advanced Materials Co., Ltd., Toray Industries, Inc. and UBE Corporation (sorted alphabetically).
Polyimides (PI) Market Leaders
DuPont
Kaneka Corporation
PI Advanced Materials Co., Ltd.
Toray Industries, Inc.
UBE Corporation
Market/1708339669874_Polyimides(PI)Market_market_concentration.svg "Polyimides (PI) Market Concentration")
Other important companies include China Wanda Group, Jiaozuo Tianyi Technology Co., Ltd., Mitsui Chemicals, Inc., SZRH Film Technology Group, Taimide Tech. Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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Polyimides (PI) Market News
- September 2022: PI Advanced Materials Co. Ltd invested KRW 80 billion for the expansion of the fourth production line at its Gumi production facility in Korea to expand annual production by 750 tons.
- November 2020: Kaneka Corporation developed a super heat-resistant polyimide film under the trademark Pixeo IB for application in 5G millimeter wave zones.
- October 2019: Taimide Technology Inc. completed the construction of its second-phase polyimide film production project and aims to target applications in 5G and flexible displays.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.
Polyimides (PI) Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End User Trends
- 4.1.1 Aerospace
- 4.1.2 Automotive
- 4.1.3 Building and Construction
- 4.1.4 Electrical and Electronics
- 4.1.5 Packaging
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4.2 Regulatory Framework
- 4.2.1 Argentina
- 4.2.2 Australia
- 4.2.3 Brazil
- 4.2.4 Canada
- 4.2.5 China
- 4.2.6 EU
- 4.2.7 India
- 4.2.8 Japan
- 4.2.9 Malaysia
- 4.2.10 Mexico
- 4.2.11 Nigeria
- 4.2.12 Russia
- 4.2.13 Saudi Arabia
- 4.2.14 South Africa
- 4.2.15 South Korea
- 4.2.16 United Arab Emirates
- 4.2.17 United Kingdom
- 4.2.18 United States
- 4.3 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 End User Industry
- 5.1.1 Aerospace
- 5.1.2 Automotive
- 5.1.3 Electrical and Electronics
- 5.1.4 Industrial and Machinery
- 5.1.5 Other End-user Industries
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5.2 Region
- 5.2.1 Africa
- 5.2.1.1 By Country
- 5.2.1.1.1 Nigeria
- 5.2.1.1.2 South Africa
- 5.2.1.1.3 Rest of Africa
- 5.2.2 Asia-Pacific
- 5.2.2.1 By Country
- 5.2.2.1.1 Australia
- 5.2.2.1.2 China
- 5.2.2.1.3 India
- 5.2.2.1.4 Japan
- 5.2.2.1.5 Malaysia
- 5.2.2.1.6 South Korea
- 5.2.2.1.7 Rest of Asia-Pacific
- 5.2.3 Europe
- 5.2.3.1 By Country
- 5.2.3.1.1 France
- 5.2.3.1.2 Germany
- 5.2.3.1.3 Italy
- 5.2.3.1.4 Russia
- 5.2.3.1.5 United Kingdom
- 5.2.3.1.6 Rest of Europe
- 5.2.4 Middle East
- 5.2.4.1 By Country
- 5.2.4.1.1 Saudi Arabia
- 5.2.4.1.2 United Arab Emirates
- 5.2.4.1.3 Rest of Middle East
- 5.2.5 North America
- 5.2.5.1 By Country
- 5.2.5.1.1 Canada
- 5.2.5.1.2 Mexico
- 5.2.5.1.3 United States
- 5.2.6 South America
- 5.2.6.1 By Country
- 5.2.6.1.1 Argentina
- 5.2.6.1.2 Brazil
- 5.2.6.1.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 China Wanda Group
- 6.4.2 DuPont
- 6.4.3 Jiaozuo Tianyi Technology Co., Ltd.
- 6.4.4 Kaneka Corporation
- 6.4.5 Mitsui Chemicals, Inc.
- 6.4.6 PI Advanced Materials Co., Ltd.
- 6.4.7 SZRH Film Technology Group
- 6.4.8 Taimide Tech. Inc.
- 6.4.9 Toray Industries, Inc.
- 6.4.10 UBE Corporation
7. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, GLOBAL, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, GLOBAL, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, GLOBAL, 2017 - 2029
- Figure 6:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, GLOBAL, 2017 - 2029
- Figure 7:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, GLOBAL, 2017 - 2029
- Figure 8:
- VOLUME OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 9:
- VALUE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 10:
- VOLUME SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
- Figure 11:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2017, 2023, AND 2029
- Figure 12:
- VOLUME OF POLYIMIDE (PI) CONSUMED IN AEROSPACE INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 13:
- VALUE OF POLYIMIDE (PI) CONSUMED IN AEROSPACE INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 14:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED IN AEROSPACE INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
- Figure 15:
- VOLUME OF POLYIMIDE (PI) CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 16:
- VALUE OF POLYIMIDE (PI) CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 17:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED IN AUTOMOTIVE INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
- Figure 18:
- VOLUME OF POLYIMIDE (PI) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 19:
- VALUE OF POLYIMIDE (PI) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 20:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
- Figure 21:
- VOLUME OF POLYIMIDE (PI) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 22:
- VALUE OF POLYIMIDE (PI) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 23:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
- Figure 24:
- VOLUME OF POLYIMIDE (PI) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, GLOBAL, 2017 - 2029
- Figure 25:
- VALUE OF POLYIMIDE (PI) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2029
- Figure 26:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY REGION, %, GLOBAL, 2022 VS 2029
- Figure 27:
- VOLUME OF POLYIMIDE (PI) CONSUMED BY REGION, TONS, GLOBAL, 2017 - 2029
- Figure 28:
- VALUE OF POLYIMIDE (PI) CONSUMED BY REGION, USD, GLOBAL, 2017 - 2029
- Figure 29:
- VOLUME SHARE OF POLYIMIDE (PI) CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
- Figure 30:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY REGION, %, GLOBAL, 2017, 2023, AND 2029
- Figure 31:
- VOLUME OF POLYIMIDE (PI) CONSUMED BY COUNTRY, TONS, AFRICA, 2017 - 2029
- Figure 32:
- VALUE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, USD, AFRICA, 2017 - 2029
- Figure 33:
- VOLUME SHARE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
- Figure 34:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, %, AFRICA, 2017, 2023, AND 2029
- Figure 35:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, NIGERIA, 2017 - 2029
- Figure 36:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, NIGERIA, 2017 - 2029
- Figure 37:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, NIGERIA, 2022 VS 2029
- Figure 38:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, SOUTH AFRICA, 2017 - 2029
- Figure 39:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, SOUTH AFRICA, 2017 - 2029
- Figure 40:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2022 VS 2029
- Figure 41:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, REST OF AFRICA, 2017 - 2029
- Figure 42:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, REST OF AFRICA, 2017 - 2029
- Figure 43:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, REST OF AFRICA, 2022 VS 2029
- Figure 44:
- VOLUME OF POLYIMIDE (PI) CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- VALUE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 46:
- VOLUME SHARE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
- Figure 47:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2017, 2023, AND 2029
- Figure 48:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 49:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 50:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 51:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 52:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 53:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 54:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, INDIA, 2017 - 2029
- Figure 55:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, INDIA, 2017 - 2029
- Figure 56:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
- Figure 57:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, JAPAN, 2017 - 2029
- Figure 58:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, JAPAN, 2017 - 2029
- Figure 59:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, JAPAN, 2022 VS 2029
- Figure 60:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, MALAYSIA, 2017 - 2029
- Figure 61:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, MALAYSIA, 2017 - 2029
- Figure 62:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2022 VS 2029
- Figure 63:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, SOUTH KOREA, 2017 - 2029
- Figure 64:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, SOUTH KOREA, 2017 - 2029
- Figure 65:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2022 VS 2029
- Figure 66:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 67:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 68:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2022 VS 2029
- Figure 69:
- VOLUME OF POLYIMIDE (PI) CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
- Figure 70:
- VALUE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
- Figure 71:
- VOLUME SHARE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 72:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 73:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, FRANCE, 2017 - 2029
- Figure 74:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, FRANCE, 2017 - 2029
- Figure 75:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
- Figure 76:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, GERMANY, 2017 - 2029
- Figure 77:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, GERMANY, 2017 - 2029
- Figure 78:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
- Figure 79:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, ITALY, 2017 - 2029
- Figure 80:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, ITALY, 2017 - 2029
- Figure 81:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
- Figure 82:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, RUSSIA, 2017 - 2029
- Figure 83:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, RUSSIA, 2017 - 2029
- Figure 84:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
- Figure 85:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
- Figure 86:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
- Figure 87:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
- Figure 88:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
- Figure 89:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, REST OF EUROPE, 2017 - 2029
- Figure 90:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
- Figure 91:
- VOLUME OF POLYIMIDE (PI) CONSUMED BY COUNTRY, TONS, MIDDLE EAST, 2017 - 2029
- Figure 92:
- VALUE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
- Figure 93:
- VOLUME SHARE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
- Figure 94:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
- Figure 95:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, SAUDI ARABIA, 2017 - 2029
- Figure 96:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, SAUDI ARABIA, 2017 - 2029
- Figure 97:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2022 VS 2029
- Figure 98:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 99:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, UNITED ARAB EMIRATES, 2017 - 2029
- Figure 100:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, UNITED ARAB EMIRATES, 2022 VS 2029
- Figure 101:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, REST OF MIDDLE EAST, 2017 - 2029
- Figure 102:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, REST OF MIDDLE EAST, 2017 - 2029
- Figure 103:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST, 2022 VS 2029
- Figure 104:
- VOLUME OF POLYIMIDE (PI) CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 105:
- VALUE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 106:
- VOLUME SHARE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 107:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 108:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, CANADA, 2017 - 2029
- Figure 109:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, CANADA, 2017 - 2029
- Figure 110:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, CANADA, 2022 VS 2029
- Figure 111:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, MEXICO, 2017 - 2029
- Figure 112:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, MEXICO, 2017 - 2029
- Figure 113:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2029
- Figure 114:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, UNITED STATES, 2017 - 2029
- Figure 115:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, UNITED STATES, 2017 - 2029
- Figure 116:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2022 VS 2029
- Figure 117:
- VOLUME OF POLYIMIDE (PI) CONSUMED BY COUNTRY, TONS, SOUTH AMERICA, 2017 - 2029
- Figure 118:
- VALUE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 119:
- VOLUME SHARE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 120:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2017, 2023, AND 2029
- Figure 121:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, ARGENTINA, 2017 - 2029
- Figure 122:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, ARGENTINA, 2017 - 2029
- Figure 123:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2022 VS 2029
- Figure 124:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, BRAZIL, 2017 - 2029
- Figure 125:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, BRAZIL, 2017 - 2029
- Figure 126:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2022 VS 2029
- Figure 127:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 128:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 129:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2022 VS 2029
- Figure 130:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
- Figure 131:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
- Figure 132:
- PRODUCTION CAPACITY SHARE OF POLYIMIDE (PI) BY MAJOR PLAYERS, %, GLOBAL, 2022
Polyimides (PI) Industry Segmentation
Aerospace, Automotive, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
- Polyimides are high-performance plastics that can withstand high temperatures and corrosive environments. Due to their non-adhesive and low friction properties, they are suitable for applications in various end-user industries like aerospace, electronics, automotive, and telecommunications.
- The electrical and electronics segment occupied the largest market share by volume in 2022. A significant shift of consumers toward consumer electronics like laptops, mobile phones, and smart devices as companies began adopting work-from-home models and people began setting up home offices caused a surge in demand for consumer electronics, which increased the consumption of polyimides. Global consumer electronics revenue is projected to grow to USD 1103 billion in 2023 and is expected to grow annually by 2.17% between 2023 and 2027.
- Aerospace is the second-largest segment and is likely to register a CAGR of 7.78% by value during the forecast period (2023-2029), making it the fastest-growing segment as well. This growth can be attributed to the increased production of aerospace components worldwide. For instance, aerospace production revenue reached USD 466 billion in 2022 compared to USD 430 billion in 2021. The European aerospace segment is the largest consumer of polyimides, of which France held 28.83% of the European market share by volume in 2022, making it the largest consumer of polyimides in Europe. France is home to multiple global aerospace components and aircraft manufacturers, such as Dassault Aviation and Airbus. The well-established nature of the industry has also supported the demand for polyimides.
| End User Industry | Aerospace | ||
| Automotive | |||
| Electrical and Electronics | |||
| Industrial and Machinery | |||
| Other End-user Industries | |||
| Region | Africa | By Country | Nigeria |
| South Africa | |||
| Rest of Africa | |||
| Region | Asia-Pacific | By Country | Australia |
| China | |||
| India | |||
| Japan | |||
| Malaysia | |||
| South Korea | |||
| Rest of Asia-Pacific | |||
| Region | Europe | By Country | France |
| Germany | |||
| Italy | |||
| Russia | |||
| United Kingdom | |||
| Rest of Europe | |||
| Region | Middle East | By Country | Saudi Arabia |
| United Arab Emirates | |||
| Rest of Middle East | |||
| Region | North America | By Country | Canada |
| Mexico | |||
| United States | |||
| Region | South America | By Country | Argentina |
| Brazil | |||
| Rest of South America |
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Market Definition
- End-user Industry - Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the polyimide market.
- Resin - Under the scope of the study, virgin thermosetting and thermoplastic polyimide resins in the primary forms are considered.
| Keyword | Definition |
|---|---|
| Acetal | This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Cast film | A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion. |
| Colorants & Pigments | Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix. |
| Composite material | A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements. |
| Degree of Polymerization (DP) | The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands. |
| Dispersion | To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion. |
| Fiberglass | Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass. |
| Fiber-reinforced polymer (FRP) | Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt. |
| Flake | This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics. |
| Fluoropolymers | This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc. |
| Kevlar | Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid. |
| Laminate | A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width. |
| Nylon | They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids. |
| PET preform | A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container. |
| Plastic compounding | Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers. |
| Plastic pellets | Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic. |
| Polymerization | It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds. |
| Styrene Copolymers | A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate. |
| Thermoplastics | Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties. |
| Virgin Plastic | It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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