Thermoplastic Polyimide Market Is Expected To Witness Greater Demand and Projected To Grow Over 2022-2032
Global Thermoplastic Polyimide Market Introduction
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 is polyimides whose shape can be changed with the application of heat.
These polymers find a wide range of applications in the aerospace and automotive industry, which includes aircraft structural parts, automotive structural parts, 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 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
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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 Segmentation
The global thermoplastic polyimide market can be segmented on the basis of application, end use industry, and region.
On the basis of application, the global thermoplastic polyimide market can be segmented as:
- Films & Tubes
- Insulated Bushes & Gears
- Sockets & Connectors
- Washers
- Other Equipment Parts
On the basis of end use industry, the global thermoplastic polyimide market can be segmented as:
- Automotive
- Aerospace
- Electronics & Electrical
- Other Industries
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