Polyimide, also abbreviated as PI is a polymer made up of several imide monomers. Polyimides belong to the category of thermally stable bunch of monomers which are based on rigid aromatic backbones. Polyimides are a bunch of extremely strong synthetic monomers which are remarkably chemical and heat resistant. These materials are efficiently used to replace steel and glass in several challenging industrial applications. Polyimide films allows the implementation of complex and compact assemblies to minimize the overall weight and size. Polyimide materials can withstand high temperatures of above 300° C and are broadly use for insulation of cables and wires of generators and electric motors. Since polyimides are lightweight, they are broadly used in aircrafts to reduce the overall weight and achieve high fuel efficiency. Polyimides are widely used in the global market due to its excellent thermal, chemical and mechanical properties. Growing demand is expected for polyimide specifying high performance polymer materials for applications in various end-use industries such as electronics, aerospace, automotive, etc. PI is widely used in industries which have strict material specifications. Due to the outstanding characteristic properties of polyimide, it is very useful for a wide range of applications such as fasteners, circuit boards and chemical resistant products.
Technological advancements especially in the automotive industry along with rising per capita disposable incomes and high standard of living are some of the key aspects anticipated to bolster the overall growth. In addition, a swift increase in infrastructural development coupled with increasing population majorly in the developing economies such as China, India and Indonesia are some other factors driving the demand for automobiles which in turn is accelerating the global polyimide market. Rising investments in the aerospace & defense sector is further expected to enrich the demand for polyimide across the globe. Also, technological developments in the production of colorless polyimide films owing to the increasing growth of optoelectronic engineering is enticing attention from industrial engineering and academic sector. Growing demand for polyimide from the electronic industry is the major factor driving the growth of global polyimide industry. Polyimides are also used in the development of pioneering technologies in which lightweight materials with high flexibility, strength and a wide range of working temperatures are required. Hence, rising demand from various end-use industries is also expected to boost high demand for polyimide in the global market. Based on end-users, the PI market can be segmented into electronic, automotive, aerospace, and industrial among others. Polyimide is used in the electronic industry as an insulation on medical tubing and magnet wires. High temperature polyimides are applicable to non-loading structural components which include weapon systems, aircrafts and space vehicles among others. Hence, polyimide market is projected to witness high growth during the forecast period from 2017 to 2025.
The global polyimide (PI) market is segmented on the following bases:
Key Players Identified for Polyimide (PI) Market Include but are Not Limited to:
Assmang Proprietary Ltd., Carus Corporation, Consolidated Minerals Limited, Compania Minera Aultan, S.A.B De C.V., Eramet SA, ERACHEM Comilog, Inc., Eurasian Natural Resources Corporation Limited and Gulf Polyimide Corporation Limited among other notable players.
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