Polyimide and Imide Polymers Market Projected to Witness a Double-Digit CAGR During 2017 - 2027

Polyimide polymers are derived from monomers of imide group, a functional group comprising two acyl groups. Imides are primarily employed in the manufacturing of high strength polymers for varied applications. Anhydrides, dicarboxylic acid, ammonia and some amines are among major raw materials used for the production of imides. Polyimide and imide polymers are polymers with high thermal stability and contain imide group.

On the basis of product segments, polyimide and imide polymers market can be segregated into three major segments including polyether imides, polyamide imides and others. Major application segment for polyimide and imide polymers include molding parts, films, fibers, coatings and adhesives among others. Some of the major end user applications for polyimide and imide polymers include electronics, automotives and medical devices. Electronics is the largest end user segment for polyimide and imide polymers and this trend is anticipated to continue in the near future. Medical devices are expected to be the fastest growing end user segment for polyimide and imide polymers market.

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Increasing demand for polyimide and imide polymers for electronics application is among foremost factors driving market growth. Polyimide polymers are substituting the conventional materials used in the production of automobiles as the polymers help in reducing the weight of the vehicle. Surge in demand for lightweight vehicles driven by growing demand for fuel efficient vehicles is expected to be among major growth drivers for polyimide and imide polymers market. Increasing research and development activities to improve efficiency and safety of the polymers mainly for medical applications is anticipated to offer huge growth opportunity for polyimide and imide market.

Global polyimide and imide polymers market is primarily dominated by major developed economies across the globe. North America dominates the global demand for polyimide and this trend is anticipated to continue during the forecast period. Polyimide and imide polymers market in North America is anticipated to grow at a sluggish rate owing to saturation in major end user industries such as electronics. Europe is the second largest market for polyimide and imide polymers. The U.K., Germany and France are among major markets for polyimide and imide polymer market in Europe. Moreover reviving automotive market in the European region is anticipated to drive polyimide and imide market growth in the region.

Asia Pacific is the third largest market for polyimide and imide polymers primarily owing to huge demand in Japan and China. China is anticipated to be the fastest growing region for polyimide and imide polymers during the forecast period. Demand for polyimide in Japan has been gaining momentum in Japan after a sharp decline in 2009 on account of which, Japan is also anticipated to be among the fastest growing region for polyimide and imide market for the next six years. Moreover, Asia Pacific comprises two of the fastest growing economies in terms of GDP growth rate, India and China. On account of the aforementioned factors, Asia Pacific is anticipated to be the fastest growing geographic segment till the end of 2020.

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Global polyimide and imide polymers market is consolidated and major portion of the global market share is constituted by few global companies. Moreover, there has been increase in threat from new entrants mainly in the emerging economies of Asia Pacific region. The degree of competition in the industry is expected remain high for the next six years. Some of the major players in the market include E. I. du Pont de Nemours and Company, The Dow Chemical Company, Mitsubishi Chemical Corporation and Lion Apparel, Inc. among others.

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