Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.5 Billion | USD 12.1 Billion | 6.1% | 2022 |
FrequentlyAsked Questions
A polymer of imide monomers called polyimide (PI) has two acyl groups attached to nitrogen. Both thermosetting and thermoplastic materials are possible. In some applications, it takes the place of materials like glass, metals, and even steel. It displays good dielectric characteristics, an intrinsic low coefficient of thermal expansion, and extremely high thermal stability (>500°C).
The rising demand for polyimides from several end-use sectors, including aerospace applications, medical/healthcare applications, and others, is the primary factor driving the growth of the worldwide polyimide (PI) market. Additionally, the worldwide polyimide (PI) market is expanding due to the rising need for lightweight, high-performance materials.
According to the report, the global polyimide market size was worth around USD 7.5 billion in 2022 and is predicted to grow to around USD 12.1 billion by 2030.
The global Polyimide (PI) market is expected to grow at a CAGR of 6.1% during the forecast period.
The global Polyimide (PI) market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing consumer electronics and automotive industries.
The global Polyimide (PI) market is dominated by players like Ube Industries, Mitsui Chemicals, DuPont, Evonik, Taimide Technology, SKCKOLONPI, SABIC, Mitsubishi Gas Chemical, Asahi Kasei, Saint-Gobain, Kaneka Corporation, HiPolyking, Qinyang Tianyi Chemical, Honghu Shuangma, Changzhou Sunchem, Huaqiang Insulating Materials, Qianfeng, Jiangsu Yabao, and Shanghai Qianfeng, among others.
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