Market Size of Fluorinated Polyimide Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 30.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Fluorinated Polyimide Market Analysis
The Global Fluorinated Polyimide Market is projected to register a CAGR of over 70% during the forecast period (2022-2027).
The market was negatively impacted by COVID-19 in 2020. Due to the COVID-19 outbreak in the first half of 2020, the electronics and optoelectronics industry was significantly affected. Given that the key manufacturers of fluorinated polyimide are concentrated in the Southeast Asian countries, the prolonged prevalence of the COVID-19 pandemic in these areas drastically slowed down the manufacturing and sale of the electronics product line. This, in turn, had deteriorated the rate of consumption of fluorinated polyimide. Nevertheless, with the ongoing retraction of the pandemic since mid-2021, the fluorinated polyimide market is projected to grow steadily owing to the renewed interest of customers in electronics.
- Over the short term, the growing demand for new and advanced electronic devices in the developed and emerging economies worldwide is one of the key driving factors augmenting the growth of the market studied.
- However, the complexity to get the precise product chemistry and uniformity, coupled with uncertainty in raw material availability typically results in high input costs which is a major restraining factor for the growth of the target industry over the forecast period.
- Nevertheless, the growing space exploration and aviation activities as well as the growing government investments and expansion in the medical sector are soon likely to create lucrative market growth opportunities for fluorinated polyimide attributed to their high insulation and low dielectric constant properties. Furthermore, the emerging applications for fluorinated polyimide as separating membranes in the upcoming fuel cell technologies are expected to drive up the demand fundamentals to a higher level.
- The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period. This growth is attributed to the highest production and consumption of fluorinated polyimide in this region. With key manufacturers concentrated in Japan, the country leads the world with a lion's share of over 90% in the global production of fluorinated polyimide. The fast-growing electronics, automotive, and medical sectors in the countries including China, Japan, and India, contribute to the rising consumption of fluorinated polyimide in the Asia-Pacific region.
