Polyimide (PI): The High-Performance Engineering Polymer with Exceptional Properties, to witness three fold growth by 2032

Prismane Consulting is pleased to publish its comprehensive market study report on the Global Polyimide Resins Market, providing insights into both historical and current market conditions across multiple end-use industries. This study focuses on the global Polyimide Resins Market, highlighting key countries and their respective demands in various applications and sub-applications. In-depth analysis of supply and demand is conducted for regions including North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific, Middle East, and Africa, as well as major countries such as the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, China, Japan, Taiwan, India, South Korea, and ASEAN region. Additionally, the report explores the latest trends influencing the Polyimide Resins market, examines its key applications, provides a thorough market analysis, and discusses future prospects within this dynamic industry.
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Polyimide (PI) is a remarkable high-performance engineering polymer renowned for its outstanding resistance to extreme temperatures and harsh chemicals. This extraordinary material is synthesized through a condensation polymerization reaction between aromatic primary diamines and aromatic tetracarboxylic dianhydrides. Several production processes are employed to manufacture Polyimide, including the one-step, two-step, three-step routes, among others.
In the one-step method, the dianhydride and diamine are directly polymerized in a solvent with a high boiling point. The choice of reaction solvent is crucial in this process. The two-step process is the most commonly used due to the polyamic acid's unstable and sensitive nature, particularly in the presence of moisture. In this approach, the dianhydride and diamine are first reacted to form polyamic acid, which is then either chemically imidized or subjected to high-temperature heating. This process involves dehydration and ring closure, resulting in imidized polyimide. Chemical imidization not only enhances productivity but also improves the physical and chemical properties of the resulting Polyimide.
In China, the majority of polyimide manufacturers employ the two-step process and thermal imidization method. Polyimide resin can be classified into alipharomatic, aliphatic, and aromatic resin based on the type of aromatic or aliphatic dianhydride and diamine monomers used. Aliphatic polyimide contributes to the resin's transparency, while aromatic polyimide enhances its strength.
Polyimide resin showcases exceptional dielectric properties, mechanical strength, stress tolerance, acid and solvent resistance, moisture barrier properties, radiation resistance, and transparency ranging from transparent to amber color. Its most notable attribute is its remarkable high-temperature stability, with a glass transition temperature exceeding 330°C.
The global market for polyimide resins is estimated to be around 30 kilo tons and is projected to triple in size during the forecast period. Asia Pacific, North America, and Western Europe collectively represent over 95% of the global demand for Polyimide. The electrical & electronics and semiconductor industries are the primary consumers of Polyimide, accounting for more than 70% of the global market share.
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Some of the major semiconductor manufacturers worldwide include Taiwan Semiconductor Manufacturing Company Limited (TSMC), Qualcomm, Broadcom, Samsung Electronics, STMicroelectronics, Sony, Micron, Intel, Kioxia, SK Hynix, Mitsubishi Electric, Xilinx, Analog Devices, Apple, IBM, Microchip, NXP, Bosch, Texas Instruments (TI), ON Semiconductor, MediaTek, Infineon, Tower Semiconductor, Nvidia, UMC, SMIC, and Nordic Semiconductor. The presence of these leading semiconductor manufacturers, along with capacity expansions in the downstream industry, is expected to drive further growth in the global polyimide resins market. The addition of new capacity in the semiconductor industry, which extensively utilizes polyimide resins, will fuel the demand for these materials and contribute to market growth in the coming years.
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Polyimide films & tapes dominate the Polyimide market, accounting for over 75% of the total polyimide resin market. It is projected to be the fastest-growing application with a CAGR of 9% during the period 2022-2032. The surge in demand for colorless polyimide films, particularly in the foldable phone segment of smartphones, is driving the growth in the polyimide films market. Asia Pacific holds the largest share in the global Polyimide market, accounting for more than 70% of the global demand. The Asia-Pacific region is expected to witness significant capacity additions for polyimide films, given its substantial electrical and electronic industry base. For instance:
• LG Display has formed a partnership with SK IE Technology to secure transparent PI films. These films will be incorporated by LG Display in the manufacturing process of OLED panels designed for Hewlett Packard foldable notebooks.
• Samsung Display is exploring the use of colorless polyimide substrates for their foldable OLED panels. This will enhance light penetration and improve picture quality in the camera.
• During the year 2021, Kolon Industries provided flexible and transparent PI Films for the cover window of Xiaomi's foldable smartphone, the Mi MIX FOLD.
• Kolon and SKC have been chosen as suppliers of PI films to serve as protective cover window films for the ASUS Zenbook 17-fold OLED. These foldable OLED panels will be manufactured by BOE, a Chinese display producer, and production is scheduled to commence in the second quarter of 2022.
For more information on Polyimide, polyimide films & tapes, colourless polyimide films and engineering plastics visit www.prismaneconsulting.com or write to us at info@prismaneconsulting.com

Mr. Tejas Shah
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