Global Polyimide Coatings Market: Information By Type (Thermoset, Thermoplastic), Application (Electronic Parts, Tubing, Electrical Insulation, Fiber Optic Cables, Mechanical Parts and Others), End-Use Industry (Electrical & Electronics, Aerospace, Medical and Others), Region (Asia-Pacific, Europe, North America, Latin America and the Middle East & Africa) - Forecast till 2025

Market Overview

Global Polyimide Coatings Market was valued at 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%. The prime factor driving market growth is the extensive use of polyimide coatings in the electronics industry. Polyimides exhibit an attractive combination of thermal stability (>500°C), chemical resistance, and mechanical toughness in addition to having excellent dielectric properties. Additionally, the healthy growth of the aerospace & defense industry has led to the increasing use of polyimide coated optic systems in aircraft, which is expected to positively impact the market growth.

Polyimide coatings are liquid or solid forms that exhibit excellent thermal stability and abrasion resistance. They are applied on surfaces of the various automotive and electronic components to achieve the desired result. It is available in thermosets and thermoplastic polyimide coatings. Thermosets polyimide coatings accounted for the largest share owing to increasing application in electrical & electronics, aerospace, automotive, and medical among others.

Additionally, a projected increase in the demand for polyimide coatings in emerging economies such as India, China, Brazil, Thailand, Indonesia, and East European countries is expected to create lucrative growth opportunities for the market players. Nevertheless, the high costs associated with the manufacturing of polyimide may restraint market growth during the assessment period.

Market Dynamics

Considering the high degree of ductility and inherently low coefficient of linear thermal expansion (CTE), polyimides can be readily implemented into a variety of microelectronic applications. Polyimide coatings (organic insulation) are preferred over inorganic insulators on account of their low dielectric constant, better amenability to film processing, and a wide variety of chemistries offered to meet the functional requirements for different applications. Polyimides also serve as an interlayer dielectric in both semiconductors and thin film multichip modules (MCM-Ds). Sanguine demand of the electronic industry owing to increasing electric mobility like buses and cars are likely to drive product demand. Furthermore, shifting preference for automation and robotics is likely to drive market growth in the coming years.

Polyimide coating is also used in aerospace & defense industry. The products coated with polyimide offer excellent thermal properties desired in a wide range of applications in the aerospace & defense industry. Polyimide coating is widely used on optical fiber; it makes the fiber extremely robust and durable under harsh environments at elevated temperatures.  With the increasing use of optical fibers in the aerospace & defense industry, the demand for polyimide coating is expected to grow significantly in the coming years.

Global Polyimide Coatings Market, By Application, USD Million (2018)

Sources: MRFR Analysis

Segmentation

Global Polyimide Coatings Market has been segmented by Type, Application, End-Use Industry and Region.

By Type, the global polyimide coatings market has been segmented into thermoset and thermoplastic. The thermoset polyimide coatings segment held a larger market share of more than 90% and is expected to remain same in coming years. Thermoset polyimide coatings exhibits structural integrity and mechanical strength most commonly used in electronic insulation, electronic parts and mechanical parts among others. 

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 accounted for the largest market share in 2018 and is expected grow at CAGR of 7.5% during the forecast period 2019-2025. The electronic insulation segment emerged as the fastest growing segment owing to increasing demand for insulated wires in high power application is likely to boost the demand for polyimide coatings in the years to follow.

Based on End-Use Industry, the market is segmented into electrical & electronics, aerospace, medical and others. The polyimide coatings are extensively used in electrical & electronic industry with a market share of more than half of the global polyimide coating demand in 2018. Medical segment is projected to grow at a CAGR of 6.6% during assessment period. Increasing use of polyimide coatings in medical tubing application like catheters, clinical and diagnostics devices is likely to be drive the market growth.

Global Polyimide Coatings Market Share, By Region, 2018 (%)

Sources: MRFR Analysis

Regional Analysis

Global Polyimide Coatings Market has been divided into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.

The Asia-Pacific market dominated the global polyimide coatings market with a share of over 51% in 2018 and is expected to continue dominance during the forecast period due to rapid industrialization in the region, and growth of the end-use industries such as electrical & electronics, aerospace and medical. The regional market is expected to reach USD 846.6 million by 2025. China held the largest market share of the regional market due to its fastest industrial growth especially in electronic parts and medical tubing along with increased demand in the fiber optic cables in aerospace industry.

North America held the second-largest market share of the global polyimide coatings market in 2018 due to high consumption of polyimide coatings in mechanical parts of aircraft, automobiles and space vehicles. The region is likely to grow at a CAGR of over 5.4% during the forecast period. Considering the high investments in the civil aviation sector in the country are expected to drive product demand during forecast period.

Key Players

Some of the Key Players operating in the Global Polyimide Coatings Market are 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)

The players operating in the global polyimide coatings market are adopting various strategies such as capacity expansion, acquisitions, and research and development to gain maximum market share. However, the market is concentrating largely on research and development to introduce innovative polyimide coatings (varnishes) or polyimide films in emerging markets such as China, India, and Japan.

Market Segmentation

Global Polyimide Coatings Market, by Type  

• Thermoset


• Thermoplastic

Global Polyimide Coatings Market, by Application

• Electronic Parts


• Tubing


• Electrical Insulation


• Fiber Optic Cables


• Mechanical Parts


• Others

Global Polyimide Coatings Market, by End-Use Industry

• Electrical & Electronics


• Aerospace


• Medical


• Others

Global Polyimide Coatings Market, By Region

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • UK
  
  
  • France
  
  
  • Spain
  
  
  • Italy
  
  
  • Russia
  
  
  • Benelux
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • South Korea
  
  
  • South East Asia
  
  
  • Australia & New Zealand
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Latin America
  
  
  
  • Brazil
  
  
  • Mexico
  
  
  • Argentina
  
  
  • Rest of Latin America
  
  
  
  

• Middle East & Africa
  
  
  
  • Turkey
  
  
  • GCC Countries
  
  
  • South Africa
  
  
  • Israel
  
  
  • Rest of the Middle East & Africa
  
  
  
  

Available Additional Customizations

• Pricing Analysis *(2015-2019)

Intended Audience

• Polyimide Coatings manufacturers


• Suppliers and traders


• Government, associations, and industrial bodies


• Investors and trade experts


• Consulting in chemical experts

Frequently Asked Questions (FAQ) :