Polyimide Coatings Market Forecast to 2027 Available in New Report


Posted June 22, 2021 by sneha12345

Polyimide Coatings Market Forecast to 2027 Available in New Report
 
Market Highlights
Global Polyimide Coatings Market is projected to reach USD 1,557 Million by 2025, at a CAGR of 6.7% during the forecast period. Polyimides 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 electronics, aerospace, and medical are likely to drive the market growth.

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)

Get More Professional and Technical Industry Insights @ https://www.marketresearchfuture.com/reports/polyimide-coatings-market-10170

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 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 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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Issued By sneha
Country India
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Last Updated June 22, 2021