Global Polyimide Varnish Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polyimide Varnish Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polyimide Varnish is a polyamic acid solvent (polyimide precursor) resulting from the condensation polymerization reaction of aromatic diamine and anhydride. Pyre-M.L. is applied as a coating to base materials, and is dried/heated at high temperature. This results in the generation of a polyimide membrane with excellent characteristics.

Market Overview:

The latest research study on the global Polyimide Varnish market finds that the global Polyimide Varnish market reached a value of USD 78.22 million in 2022. It’s expected that the market will achieve USD 256.3 million by 2028, exhibiting a CAGR of 21.87% during the forecast period.

Imports of Polyimide Varnish are affected by the epidemic in Japan and South Korea

The current Polyimide Varnish market in many developing regions is relatively backward in terms of manufacturing level, and high-end Polyimide Varnish is highly dependent on imports. The epidemic in Japan and South Korea is expected to accelerate import substitution and increase industry profitability. At present, the epidemic is still spreading in Japan and South Korea, and raw material suppliers are greatly affected. There may be insufficient supply, and countries that rely on imports from Japan and South Korea are bound to be affected. In this environment, local production substitution is bound to accelerate, and gross profit margins are expected to increase. Under the situation of tight production capacity in Japan and South Korea, the profitability of local industries is expected to increase.

Impact on the production of Polyimide Varnish industry

On the one hand, COVID-19 is in the stage of prevention and control, and the resumption of work and production of a large number of PI Varnish companies in the industry is affected by the prevention and control of the epidemic. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of the industry suffer due to the supply of raw materials and insufficient labor. However, on the other hand, the Polyimide Varnish industry that has been hit by the epidemic will learn lessons. Many surviving companies will actively transform, and digital transformation and remote intelligent services will be actively used. The in-depth application of digital technology can help improve employee collaboration efficiency, grasp the key elements that promote business growth, respond more efficiently to fluctuations in market demand, and achieve product innovation.

Strength

Polyimide Varnish is one of the organic polymer materials with the best comprehensive performance.
Polyimide Varnish material has excellent comprehensive properties and is an important material for the microelectronics industry.
Polyimide products have a wide range of applications.

Weakness

US, Japan, and South Korea companies monopolize the global PI market, the preparation process is complicated, and the core technology is monopolized by oligopoly companies.
Polyimide Varnish industry has high core barriers: equipment, technology, capital,
Scarcity of technical talents.
High investment risk and high pressure.

Opportunity

5G mobile phone terminals will grow rapidly in the future, 5G mobile phones help the rapid development of the smartphone market.
Flexible OLED mobile phone penetration rate continues to increase.
Many developing regions have policy support for high-performance materials.

Threat

Fluctuations in raw material prices and supply.
The global economic regression after the epidemic.
Risks from the Sino-US trade war and Japan-Korea trade friction.

Region Overview:

From 2023-2028, Asia-Pacificstimated to witness robust growth prospects.

Company Overview:

UBE is one of the major players operating in the Polyimide Varnish market, holding a share of 48.76% in 2023.

UBE

UBE produces and sells chemical products such as nylon resins, plastics and synthetic rubbers, fine chemicals, and pharmaceutical bulk compounds and intermediates. The Company also manufactures cement, construction materials, and machineries.

IST

IST’s business contents include research and development of new materials and products, as well as their manufacturing, based mainly on high functional polymer materials centering on polyimide resin, functional parts for office automation equipment, various textile materials and products, nonflammable fiber materials and application products, and measuring instruments among other things.

Segmentation Overview:

By type, Normal Heat Resistant Type segment accounted for the largest share of market in 2022.

Normal Heat Resistant Type

Normal heat resistant types are Polyimide Varnish materials required for daily life and production, such as those applied in display area. It often refers to products heat treatment highest temp around 350°C.

High Heat Resistant Type

The high heat-resistant type is Polyimide Varnish material required by daily special industries, such as those used in aerospace and aviation. It often refers to products heat treatment highest temp around 450°C.

Application Overview:

By application, the Wire Coating segment occupied the biggest share from 2018 to 2022.

Wire Coating

Direct polyimide coating creates a polyimide film applying varnish to various materials and then heat curing. Ex: Wire coating.

Aerospace and Defense

PI plastic is a non-melting high temperature polymer. Strength, dimensional stability, and creep resistance remain high even at temperatures above 260°C. Its high purity and low outgassing are needed for applications in the vacuum, aerospace and semiconductor industries.

OLED/LCD Display

PI (Polyimide) varnish can be used as the flexible substrates, for OLED/LCD display that need to endure the high-temperature post-processing. Firstly PI varnish is coated on the carrier and cured, then PI substrate can be laser-lifted off or mechanical released from the carrier after the device processing.

Key Companies in the global Polyimide Varnish market covered in Chapter 3:

Jiangsu Sida Special Material Technology
Picomax
Suzhou Jufeng Electrical Insulating System
UBE
ELANTAS
IST

In Chapter 4 and Chapter 14.2, on the basis of types, the Polyimide Varnish market from 2018 to 2029 is primarily split into:

Normal Heat Resistant Type
High Heat Resistant Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polyimide Varnish market from 2018 to 2029 covers:

Wire Coating
Aerospace and Defense
OLED/LCD Display
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)