Portland, OR, Oct. 14, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global polyimide coatings market generated $1.2 billion in 2021, and is projected to reach $2.2 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1.2 billion |
| Market Size in 2031 | $2.2 billion |
| CAGR | 6.7% |
| No. of Pages in Report | 241 |
| Segments Covered | Type, application, and region. |
| Drivers | Increase in demand for polyimide coatings in the electronics industry due to their thermal stability, outstanding mechanical and electrical capabilities, and chemical resistance |
| Surge in demand for electric mobility such as cars and buses. | |
| Opportunities | Rapid advancements in the aerospace industry |
| Increase in affordability of space expeditions and satellite launches | |
| Restrains | Fluctuations in the price of crude oil affect the cost of producing polyimide |
| High cost of production |
COVID-19 Scenario:
- The outbreak of COVID-19 has had a negative impact on the growth of the global polyimide coatings market, owing to the occurrence of lockdowns in various countries across the globe.
- Lockdowns resulted in the closure of various manufacturing facilities, including those of the automotive and aerospace, which adversely impacted its demand. These restrictions were imposed by the government to curb the spread of the virus during the pandemic. Thus, the demand for polyimide coatings from these industries were severely affected. In addition, continuous health crisis has increased the supply–demand mismatch, thereby impeding the polyimide coatings supply chain worldwide.
- Additionally, the sales of electronic devices such as wires and cables, televisions, and laptops have surged where polyimide coatings are extensively employed for insulating purposes. It is anticipated that this will improve the performance of the polyimide coatings market after COVID-19.
The report offers detailed segmentation of the global polyimide coatings market report based on type, application, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.
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Based on type, the thermoset segment held the largest market share in 2021, holding nearly three-fifths of the global polyimide coatings market share, and is expected to maintain its leadership status during the forecast period. The thermoplastic segment, on the other hand, is expected to cite the fastest CAGR of 6.9% during the forecast period.
Based on application, the electronics segment held the dominating market share in 2021, holding more than two-fifths of the global polyimide coatings market share, and is expected to maintain its leadership status during the forecast period. The fiber optic cables segment, on the other hand, is expected to cite the fastest CAGR of 7.3% during the forecast period.
Based on region, the market across Asia-Pacific region held the dominating the global polyimide coatings market share in 2021, holding half of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same region is expected to cite the fastest CAGR of 7.0% during the forecast period. The report also analyses other regions of the market such as Europe, North America, and LAMEA.
The key players analysed in the global polyimide coatings market report include DuPont de Nemours, Inc., ELANTAS Beck India Ltd, FLEXcon Company, Inc., I.S.T Corporation, KANEKA CORPORATION, MITSUI CHEMICALS, INC., Saint-Gobain, SOLVER POLYIMIDE, Toray Industries, Inc., and UBE Corporation.
The report analyses these key players in the global polyimide coatings market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analysing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
