Photosensitive Polyimide (PSPI) Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Photosensitive Polyimide (PSPI) Market

In 2020, the global Photosensitive Polyimide (PSPI) market size was US$ 110.6 million and it is expected to reach US$ 317.4 million by the end of 2027, with a CAGR of 16.3% during 2021-2027.

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Photosensitive Polyimide (PSPI) Market Trends

The Internet of Things (IoT), wearable technology, smartphones, and tablets are the main drivers of the electronics industry's explosive expansion. These gadgets require parts that are more and more high-performance and small. The capacity of PSPI to produce complex designs on flexible substrates is consistent with the trend of electronics becoming smaller. Consequently, PSPI is in high demand in FPCBs and semiconductor packaging. The increasing need for flexible electronics may be attributed to their adaptability, resilience, and capacity to take on non-traditional forms. Flexible circuits that can be incorporated into apparel, medical equipment, and car interiors are made possible by PSPI. The market for PSPIs is growing at a substantial rate thanks to this growing range of applications.

Advanced electrical components with better frequency capability and increased heat resistance are needed for the deployment of 5G technology. Because of its remarkable thermal stability and electrical insulation, PSPI is a perfect material for 5G-related applications such as RF modules, antennas, and high-frequency printed circuit boards. Electronic systems are becoming more and more important to the car industry for entertainment, safety, and autonomous driving. Because of its qualities, including its ability to withstand harsh chemicals and temperatures, PSPI is a necessary material for creating dependable electronic parts for contemporary automobiles. The need for PSPI is predicted to increase as long as the automobile industry keeps innovating.

Another important factor propelling the PSPI market is the aerospace and defense industry. PSPI is crucial for the production of parts like radomes, sensors, and satellite systems due to its resistance to intense temperatures, radiation, and harsh conditions. The need for PSPI will grow as the aerospace sector develops and explores space. The complexity and connectivity of medical equipment are increasing. The production of products like flexible implantable devices, medical sensors, and diagnostic equipment depends on PSPI's ability to make small, exact patterns. The PSPI market is expected to rise as long as healthcare technology continues to advance.

Sustainable materials are in high demand from businesses as environmental concerns grow. With its high degree of recyclable material and low production-related environmental effects, PSPI supports these sustainability objectives. The use of PSPI in a variety of sectors is fueled by this emphasis on environmentally friendly materials.

PSPI Market Share

A significant participant in the PSPI market is North America. The electronics and semiconductor industries are particularly strong in the United States. The need for PSPI is fueled by Silicon Valley and other tech hotspots in the production of semiconductors and other sophisticated electronic components like FPCBs. The expanding aerospace and automotive industries also add to the region's need for PSPI.

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PSPI Market Segmentation

By Type
• Positive Photosensitive Polyimide
• Negative Photosensitive Polyimide

By Application
• Photoresist
• Electronic Packaging
• Others

By Companies
• Toray
• HD Microsystems
• Kumho Petrochemical
• Asahi Kasei
• Eternal Materials

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This release was published on openPR.