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Polyimide Coating Market Size to Grow USD 2.2 Billion by 2031 at a CAGR of 6.7% | Valuates Reports

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22 Apr, 2024, 14:30 GMT

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BANGALORE, India, April 22, 2024 /PRNewswire/ -- Polyimide Coating Market By Type (Thermoset, Thermoplastic), By Application (Electronic parts, Tubing, Electrical insulation, Fiber optic cables, Others)

The Global Polyimide Coating Market size was valued at USD 1.2 Billion in 2021, and is projected to reach USD 2.2 Billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.

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Major Factors Driving the Growth of Polyimide Coating Market

The market for polyimide coatings is expanding rapidly due to its vital applications in a wide range of sectors. Polyimide coatings are crucial in the electronics industry for shielding electronic components from heat and environmental stress, which maintains device performance and dependability.

Their use on tubing, such as catheters and endoscopes, is essential in the medical profession because of their chemical resistance and biocompatibility, which improve patient safety by preventing contamination. Polyimide coatings, which offer superior insulating qualities and resilience to high temperatures, are essential for improving the safety and efficiency of electrical components when it comes to electrical insulation.

Furthermore, these coatings shield fiber optic cables from environmental elements and mechanical harm in the telecom sector, guaranteeing continuous, high-quality data transmission.

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TRENDS INFLUENCING THE GROWTH OF POLYIMIDE COATING MARKET

The electronics manufacturing industry, where polyimide coatings are essential for safeguarding electronic components, is a major driver of the market's growth. The longevity and thermal stability of circuit boards, semiconductors, and other parts all essential to a wide range of consumer electronics are improved by polyimide coatings. The need for improved coatings is being driven by this use, which guarantees that gadgets can function well in a variety of environmental conditions.

In the medical industry, polyimide coatings are being used more and more, especially in the production of tubing for instruments like endoscopes and catheters. Excellent chemical resistance and biocompatibility are features of these coatings that are critical for medical applications involving direct contact with medications or body fluids. The need for polyimide in medical applications is being driven by the expansion of less invasive surgical procedures.

Polyimide coatings are essential for offering electrical insulation in a range of uses. This is especially significant for the electrical and electronics sectors, where durable, functional, and safe insulation is essential. The market is expected to increase because polyimide is perfect for coating wires, transformers, and other electrical components since it can withstand electrical breakdown at high voltages and temperatures. Reliable telecommunications infrastructure is becoming increasingly necessary as the demand for high-speed internet rises globally. Fiber optic cables, which are vulnerable to mechanical harm and environmental stress, are coated with polyimide. These vital communication channels are safeguarded by polyimide's natural toughness and flexibility, which improves signal integrity and lifespan.

Materials that can survive harsh circumstances, such as exposure to chemicals and high temperatures, are needed by the aerospace and military sectors. Because polyimide coatings have excellent thermal and chemical resilience, they are employed on a variety of aircraft components, including engine parts and heat shields. The market for polyimide coating is driven by this application as the need for stronger and more lasting aerospace materials is expanding. Polyimide coatings are used on items, such under-hood components, in the automobile industry that are subjected to high temperatures and mechanical stress. These coatings support industry trends toward stronger, longer-lasting automobiles by extending the life and functionality of automotive parts. Advanced materials like polyimide coatings are becoming more and more necessary as car design moves toward greater economy and reduced emissions.

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POLYIMIDE COATING MARKET SHARE ANALYSIS

On the basis of type, the thermoset segment emerged as the global leader by acquiring more than 57.1% of the market share in 2021, and the thermoplastic segment is anticipated to show lucrative growth rate over the forecast period.

On the basis of application, the electronic parts segment accounted for 42.6% of the global market share in FY2021 and fiber optic cables are expected to have the fastest growth rate over the forecast period.

On the basis of region, Asia-Pacific is the major consumer of polyimide coating among other regions. It accounted for around 50.5% of the global market share in 2021.

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Key Companies:

  • DuPont de Nemours, Inc.
  • Flexcon Company, Inc
  • I.S.T Corporation
  • Kaneka Corporation
  • Mitsui Chemicals Inc
  • Saint-Gobain
  • SOLVER POLYIMIDE
  • Toray Industries Inc
  • UBE Corporation
  • ELANTAS Beck India Ltd

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

-  Polyimide Films market size is estimated to be worth USD1365 Million in 2022 and is forecast to a readjusted size of USD 2058.6 Million by 2028 with a CAGR of 7.1% during the review period.

-  Polyimide (PI) market size is estimated to be worth USD 9408.6 Million in 2022 and is forecast to be a readjusted size of USD 12610 Million by 2028 with a CAGR of 5.0% during the review period.

-  Photosensitive Polyimide Coatings market was valued at USD 317.5 Million in 2023 and is anticipated to reach USD 1513.7 Million by 2030, witnessing a CAGR of 24.3% during the forecast period 2024-2030.

-  Polyimide Insulating Coating market is projected to reach USD 1791.6 Million in 2029, increasing from USD 1152 Million in 2022, with a CAGR of 6.0% during the period of 2023 to 2029.

-  High Temperature Polyimide Coating market is projected to reach USD 403.4 Million in 2029, increasing from USD 261 Million in 2022, with a CAGR of 6.4% during the period of 2023 to 2029.

-  The green polyols market was valued at USD 7.3 Billion in 2021, and is estimated to reach USD 17.2 Billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031.

-  Polyimide Coating Stripper Market

-  Polyimide Optical Fibre market was valued at USD 380.7 Million in 2023 and is anticipated to reach USD 540.2 Million by 2030, witnessing a CAGR of 5.2% during the forecast period 2024-2030.

-  Polyimide Foam Market was estimated to be worth USD 258.3 Million in 2023 and is forecast to a readjusted size of USD 348 Million by 2030 with a CAGR of 4.3% during the forecast period 2024-2030.

-  Polyimide-based Materials market is projected to reach USD 785 Million in 2029, increasing from USD 524 Million in 2022, with a CAGR of 6.4% during the period of 2023 to 2029.

-  Colorless Polyimide Market

-  Non-Photosensitive Polyimide Market

-  Photosensitive Polyimide (PSPI) market size was USD 110.6 Million and it is expected to reach USD 317.4 Million by the end of 2027, with a CAGR of 16.3% during 2021-2027.

-  Polyimide Coated Optical Fiber Market

-  Cyclic Polyimide Market

-  Polyimide Fiber Market

-  Photosensitive Polyimide (PSPI) Market revenue was USD 316 Million in 2022 and is forecast to a readjusted size of USD 1762.6 Million by 2029 with a CAGR of 27.5% during the forecast period (2023-2029).

-  Medical Polyimide Tubing market is projected to reach USD 272 Million in 2029, increasing from USD 196 Million in 2022, with a CAGR of 3.6% during the period of 2023 to 2029.

-  Kapton Tape Market

-  Polyamide Wax Thixotrope Market

-  Polyamide Wax Powder Market

-  Polyimide Magnet Wire market is projected to reach USD 836.4 Million in 2029, increasing from USD 536 Million in 2022, with a CAGR of 6.6% during the period of 2023 to 2029.

-  Pre-activated Polyamide Wax Market

-  Micronized Polyamide Wax Market

-  Polyamide and Amide Wax Market

-  The global polyamide market size was valued at USD 26.7 Billion in 2020 and is projected to reach USD 40.6 Billion by 2028, growing at a CAGR of 5.4% from 2021 to 2028.

-  Water-based Polyamide Wax Market

-  Medical Coatings market was valued at USD 420.7 Million in 2023 and is anticipated to reach USD 639.9 Million by 2030, witnessing a CAGR of 6.1% during the forecast period 2024-2030.

-  Healthcare Packaging Coating Films Market

-  The polymer emulsions market was valued at USD 27.3 Billion in 2021, and is estimated to reach USD 56.3 Billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.

-  Electrical Insulating Varnish Market was estimated to be worth USD 2284.7 Million in 2023 and is forecast to a readjusted size of USD 2797.5 Million by 2030 with a CAGR of 2.9% during the forecast period 2024-2030.

-  The pet preforms market was valued at USD 27.8 Billion in 2021, and is estimated to reach USD 42.8 Billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

-  Glass Film Market

-  Bio Based Functional Polymers market is projected to grow from USD 6829.1 Million in 2023 to USD 11680 Million by 2029, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period.

DISCOVER OUR VISION: VISIT ABOUT US!

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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