Press release
Thermoplastic Polyimide Market Value Share, Analysis and Segments 2018-2028
There has been rising demand for thermoplastic polyimide from the aerospace, automotive and electronics industries. Because of its high strength, toughness, high stiffness, and high heat resistance, thermoplastic polyimides are considered as engineering plastics. Thermoplastic polyimide are the polyimides whose shape can be changed with the application of heat. These polymers finds a wide range of applications in aerospace and automotive industry, which includes aircraft structural parts, automotive structural part, parts of industrial machinery and equipment. Thermoplastic Polyimide is also used in various electronics and electrical parts. Cleanness, toughness and transparency are some of its important characteristics, which are favored in the aerospace and automotive industries.
Global Thermoplastic Polyimide Market Dynamics
Thermoplastic Polyimide Market Drivers
The rapid growth of the automotive industry has created an upsurge in demand for the thermoplastic polyimide. These are used for the manufacturing of automotive structural parts, gears, bushes, and other equipment as well as electronic products. High growth in aircraft demand, with the increasing population and rising spending power of the population, is projected to support the demand for thermoplastic polyimide over the forecast period. There has been significant increase in demand of high performance engineering material, which has been driving its business growth. Increasing disposable income in the developing countries is driving the automotive market. Rise in aircraft deliveries shows the growth of aerospace industry which is driving the demand for matrix composite materials. This is expected to boost the growth of thermoplastic polyimide demand from structural applications in aerospace and automotive industry.
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Thermoplastic Polyimide Market Restraints
One of the major challenge faced by the global thermoplastic polyimide market is its high cost. Large players in the market are continuously focusing on the innovations and developing processes to produce low cost thermoplastic polyimide products. The large players can rip out the benefits of economies of scale, therefore, the sustainable growth for small players in the market is one of the big challenges in the thermoplastic polyimide market.
Additionally, presence of various alternative materials including light weight metals and other polymers and plastics also acts as a restraint. Environmental regulations to recycle the plastics is also a restraining factor for the thermoplastic polyimide market.
Thermoplastic Polyimide Market Trends
Automotive manufacturers are focusing on the lightweight materials for its component manufacturing. Thermoplastic polyimide is a material of choice in various automotive and automotive electronic component manufacturing. Rise in automotive industry in emerging economies, is therefore pushing the demand for thermoplastic polyimide.
As per the Boeing outlook, some of the new aircrafts constitutes of about 50% of advanced composites. Thermoplastic polyimide is also used in the manufacturing of various composites. High demand for these composites is expected to push the thermoplastic polyimide from aerospace industry.
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Global Thermoplastic Polyimide Market: Regional Outlook
Automotive manufacturers are shifting from mature regions to emerging countries such as India and China. The global thermoplastic polyimide market is anticipated to be dominated by Asia Pacific region with China leading the market both in terms of production and consumption. India is also anticipated to witness sound growth in demand for thermoplastic polyimide owing to the rapid growth in the automotive industry in the country. North America and Europe are collectively anticipated to hold significant share in the thermoplastic polyimide market and the growth in aerospace industry in the region is anticipated to drive the demand in the coming years. Significant investments and recovering economy in Brazil and Argentina are projected to drive the Latin America thermoplastic polyimide market. Middle East and Africa is projected to witness moderate growth in demand for thermoplastic polyimide over the forecast period, due to initiative by various Middle East countries towards achieving a diversified economy.
Global Thermoplastic Polyimide Market Participants
Some of the market participants identified across the value chain of global Thermoplastic Polyimide market are:
Mitsui Chemicals, Inc.
Solvay
Toray
Saint-Gobain
TenCate
EVONIK
Welch Fluorocarbon Inc.
Taimide
Shinmax Technology
Stratasys
RESINEX Group
RTP Company
Nexeo Solutions
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This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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