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Polyimides (PI) Market Size

The polyimides market is experiencing significant growth, driven by its application in high-performance sectors such as aerospace, electronics, automotive, and telecommunications. The market's expansion is largely attributed to the increasing demand for consumer electronics, which has surged due to the adoption of remote work and the establishment of home offices. The aerospace sector is also contributing to the market's growth, with a notable increase in the production of aerospace components globally. Regionally, Asia-Pacific leads in consumption, with China and Japan being major contributors, while the United Arab Emirates is emerging as a fast-growing market in the Middle East.

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Market Size of polyimides (pi) Industry

Polyimides (PI) Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 5.46 Billion
svg icon Market Size (2029) USD 7.60 Billion
svg icon Largest Share by End User Industry Electrical and Electronics
svg icon CAGR (2024 - 2029) 6.83 %
svg icon Largest Share by Region Europe
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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.

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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.
Global Polyimides (PI) Market

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.

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
Asia-Pacific
By Country
Australia
China
India
Japan
Malaysia
South Korea
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
Middle East
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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Polyimides (PI) Market Size Summary

The polyimides (PI) market is poised for significant growth, driven by their high-performance characteristics that make them ideal for demanding applications in industries such as aerospace, electronics, automotive, and telecommunications. These materials are particularly valued for their ability to withstand high temperatures and corrosive environments, as well as their non-adhesive and low friction properties. The electronics sector, especially consumer electronics, has been a major driver of demand, with the shift towards remote work and home offices boosting the consumption of polyimides in devices like laptops and smartphones. Aerospace also represents a substantial segment, with increasing production of aerospace components globally, particularly in Europe, where countries like France are leading consumers due to their robust aerospace manufacturing industry.

Regionally, Asia-Pacific stands out as the largest consumer of polyimides, with China and Japan contributing significantly to the region's demand. The rapid industrialization and technological advancements in these countries have fueled the growth of the electrical and electronics industry, further propelling the demand for polyimides. In the Middle East, the United Arab Emirates is emerging as a fast-growing market, driven by advancements in electrical and electronics production. The market is characterized by fragmentation, with key players like DuPont, Kaneka Corporation, and Toray Industries leading the industry. These companies are actively expanding their production capabilities and developing new applications, such as heat-resistant films for 5G technology, to capitalize on the growing demand for advanced technologies and consumer electronics.

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Polyimides (PI) Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Electrical and Electronics

      4. 1.1.4 Industrial and Machinery

      5. 1.1.5 Other End-user Industries

    2. 1.2 Region

      1. 1.2.1 Africa

        1. 1.2.1.1 By Country

          1. 1.2.1.1.1 Nigeria

          2. 1.2.1.1.2 South Africa

          3. 1.2.1.1.3 Rest of Africa

      2. 1.2.2 Asia-Pacific

        1. 1.2.2.1 By Country

          1. 1.2.2.1.1 Australia

          2. 1.2.2.1.2 China

          3. 1.2.2.1.3 India

          4. 1.2.2.1.4 Japan

          5. 1.2.2.1.5 Malaysia

          6. 1.2.2.1.6 South Korea

          7. 1.2.2.1.7 Rest of Asia-Pacific

      3. 1.2.3 Europe

        1. 1.2.3.1 By Country

          1. 1.2.3.1.1 France

          2. 1.2.3.1.2 Germany

          3. 1.2.3.1.3 Italy

          4. 1.2.3.1.4 Russia

          5. 1.2.3.1.5 United Kingdom

          6. 1.2.3.1.6 Rest of Europe

      4. 1.2.4 Middle East

        1. 1.2.4.1 By Country

          1. 1.2.4.1.1 Saudi Arabia

          2. 1.2.4.1.2 United Arab Emirates

          3. 1.2.4.1.3 Rest of Middle East

      5. 1.2.5 North America

        1. 1.2.5.1 By Country

          1. 1.2.5.1.1 Canada

          2. 1.2.5.1.2 Mexico

          3. 1.2.5.1.3 United States

      6. 1.2.6 South America

        1. 1.2.6.1 By Country

          1. 1.2.6.1.1 Argentina

          2. 1.2.6.1.2 Brazil

          3. 1.2.6.1.3 Rest of South America

Polyimides (PI) Market Size FAQs

The Global Polyimides (PI) Market size is expected to reach USD 5.46 billion in 2024 and grow at a CAGR of 6.83% to reach USD 7.60 billion by 2029.

In 2024, the Global Polyimides (PI) Market size is expected to reach USD 5.46 billion.

Polyimide Market Report Snapshots

Polyimides (PI) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029