글로벌 고성능 폴리이미드 플라스틱 시장 – 2023-2030

Overview
Global High-Performance Polyimide Plastics Market reached US$ 4.9 billion in 2022 and is expected to reach US$ 7.8 billion by 2030, growing with a CAGR of 7.1% during the forecast period 2023-2030.
High-performance polyimide polymers are ideal to be utilised as an insulating and protective coating on electrostatically sensitive and fragile electric components like semiconductors, wires and cables, PCBs, motors and generators because of their exceptional insulation ability and temperature stability. During the forecast period, the growing demand for consumer electronics such as smartphones, LED lights and modern computers is expected to drive the development of high-performance polyimide plastics.
Primary strategies used by companies in the high-performance polyimide plastics market include technology releases, acquisitions and R&D activities. For example, in 2023, ARKEMA acquires a majority share in PI Advanced Materials, expanding its portfolio of high-performance polymers. Purchase of PI Advanced Materials, a listed South Korean firm, for EUR 728 million in enterprise value would acquire Glenwood Private Equity's 54% interest. The business's accounts will be completely integrated with Arkema.
North America is the second-dominant region in the global high-performance polyimide plastics market covering over 25% of the market in 2022. With aerospace and defence sectors are using more polyimide, U.S. dominates North America. The market is expected to be driven by the growth in automotive industry and presence of leading manufacturers like Tesla, Ford, Chrysler, Cadillac and others.
Dynamics
Rising Demand for Transparent Polyimide Films
The production of high-performance, transparent polyimide films with flexible substrates is anticipated to drive the market. Traditional polyimide films are optically transparent, but their rigidity prevents them from being used in advanced optoelectronic applications. Heads-up displays, vehicle displays and other transparent components are among the uses for high-performance transparent polyimide films. The films are in high demand because of the automobile industry's emphasis on smart technology and innovative displays.
As new technologies like flexible sensors, transparent electronics and foldable displays are developed and used, there will probably be an increasing need for transparent polyimide sheets. However, the usage of films in flexible active-matrix organic light-emitting diode (AMOLED) displays has expanded due to the development of polyimide films with flexible substrates. It enables displays to be thinner, lighter and less brittle by substituting flexible substrates for hard glass.
Huge Growth of Electronics Industry
In the electronics industry, high-performance polyimide is a viable alternative for glass, metals and even steel because of its remarkable chemical resistance, tensile strength and ability to tolerate extremely high temperatures. Additionally, flexible printed circuits with good thermal expansion and resistance to high temperatures are a good fit for it. Polyimide are therefore frequently utilised in the electronics industry.
The Department for Promotion of Industry and Internal Trade reports that between April 2020 and March 2021 (FY21), India exported US$ 11.1 billion worth of electronic goods. The foreign direct investment in electronic goods was US$ 3.19 billion as of December 2021. The electronics sector is a major driver of the growth of the high-performance polyimide plastics market since it uses polyimide film often.
High Costs of Production
Selecting the right monomer is crucial for achieving features such as low dielectric constant and thermal expansion in high-performance polyimide films and tape. Due to the high cost of manufacturing and the limited availability of monomers for synthesis, the polyimide market has expanded slowly. Additionally, the manufacture of polyimide requires advanced equipment and a high degree of technological expertise.
During the polyimide production process, chemical imidization avoids a counter depolymerization reaction, enabling polyimides to acquire better and more stable mechanical properties. Specialised raw ingredients and intricate manufacturing procedures are frequently needed to produce high-performance polyimide polymers. High manufacturing costs are caused by various causes, such as costs associated with quality control, innovative technology and research and development.
Segment Analysis
The global high-performance polyimide plastics market is segmented based type, end-user and region.
Growing Demand for Mobile Phones drives Electrical and Electronics Segment Growth
Electrical and electronics is expected to drive the market by holding a share of about 1/3rd of the global market in 2022. It is used majorly in the electronics sector as it is designed to operate for lengthy periods of time at extremely high temperatures, giving it exceptional thermal stability. Owing to its features, including flexibility, heat & chemical resistance and low weight, high-performance polyimide plastics have been used widely.
The National Policy plans to manufacture one billion mobile phones by 2025, as per the India Brand Equity Foundation. Mobile phone substrates made of high-performance polyimide have an impact on the demand for polyimide. Furthermore, the market for high-performance polyimide plastics has increased due to the introduction of newer generations of colourless polyimides that have high transmittance and low yellow index for better performance.
Geographical Penetration
Rapid Expansion of Electronics Sector in China & India Drives Asia-Pacific Growth
During the forecast period, Asia-Pacific is expected to be the dominant region in global high-performance polyimide plastics market covering more than 1/3rd of the market. The electronics sector is likely to expand strongly in Asia-Pacific due to the presence of several major OEMs in the region. By 2025, in the world, India will rise to be the fifth-largest consumer electronics and appliance market.
India Brand Equity Foundation estimates that by 2025, the country's electronics manufacturing industry is expected to value US$ 520 billion and the consumption will increase from US$ 33 billion in FY20 to US$ 400 billion. Moreover, the People's Republic of China reports that the electronics sector grew by 15.7% in 2021—an increase of 8% year over year. With the growth of electronic sector, the demand for high-performance polyimide will grow.
Competitive Landscape
The major global players in the market include Daikin Industries, Ltd., Evonik Industries AG, Kuraray Co., Ltd., 3M Company, Mitsui Chemical Inc, LANXESS AG, Solvay SA, BASF SE, Dow Inc. and SABIC.
COVID-19 Impact Analysis
The pandemic had a major impact on the key end-users of polyimide like electronics, aerospace, automotive and solar. The continued crisis widened the supply-demand gap, putting strain on the global polyimide supply chain. As per an Economic Times article, exports of electronic supplies like wires & cables and chips have decreased due to supply chain difficulties.
Furthermore, due to the potential of infection among the workforce, some electronics companies have either closed down or reduced their operations. Moreover, more than 100 countries have closed their international borders for transit and banned non-essential trade activity, reducing polyimide use in a variety of end-use sectors.
AI Impact
AI technologies boosts R&D processes by analyzing vast amounts of data to identify new formulations, manufacturing processes and applications for polyimide plastics. It leads to the development of advanced and high-performance materials. AI algorithms helps in the design and optimization of polyimide plastics by predicting material properties, analyzing molecular structures and recommending modifications to enhance performance.
It contributes in the creation of tailored materials with improved characteristics. AI helps in analyzing market trends, consumer behavior and economic indicators to provide accurate forecasts and predictions for the demand for polyimide plastics. It enables manufacturers to adapt their production strategies and meet market demands more effectively.
Russia-Ukraine War Impact
The polyimide market has been under renewed pressure in the first half of March due to the escalation in natural gas and electricity costs since the Russian invasion of Ukraine. All petrochemicals have experienced extreme volatility and instability, including polyimide products. The rising cost of raw materials needed to produce high performance plastics and the cost of energy, have disrupted market growth.
Historically high prices for high performance plastics product have resulted from rising cost, with current uncertainty reducing requirements for short-term deliveries. All producers have adjusted operating rates in line with confirmed orders accepting increases to cover the additional cost and avoiding creating inventories. Market participants saw a decline of between 20-30% of polymer demand in April 2022.
By Type
• Polyetherimide
• Polyamide imide
• Polyesterimide
• Others
By End-User
• Automotive and Transportation
• Industrial
• Building and Construction
• Electrical and Electronics
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Russia
o Rest of Europe
• South America
o Brazil
o Argentina
o Rest of South America
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• Middle East and Africa
Key Developments
• On June 2022, SABIC launched the SD1100P high-purity specialty dianhydride powder for polyimide (PI) film compositions. The material is appropriate for 5G flexible printed circuit boards, colorless displays and other flexible electronics applications.
• On February 2021, DuPont will invest US$ 220 million in project expansion. The money will be used to boost the manufacturing of Kapton Polyimide Film and Pyralux flexible circuit products.
• On November 2020, the Japane­se global chemical manufacturer, Kaneka Corporation located in Osaka, has developed Pixeo IB, an extremely heat-resistant polyimide film. It's designed for use­ in 5G millimeter wave zones.
Why Purchase the Report?
• To visualize the global high-performance polyimide plastics market segmentation based on type, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of high-performance polyimide plastics market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global high-performance polyimide plastics market report would provide approximately 54 tables, 46 figures and 191 pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies