According to a recent market study published by Growth Market Reports, titled, “Global Photosensitive Polyimide (PSPI) Market by type, by application, and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 399.23 Million in 2022 and is anticipated to grow at a growth rate 9.8 % by the year 2031.

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Photosensitive polyimides are a special class of photosensitive materials that are patterned with light, developed, and then thermally cured to form the final material in a specific photo-defined area. The semiconductor industry extensively employs photosensitive. In response to radiation, they modify their solubility, either becoming soluble or insoluble in a developer solution after going through a chemical transition that is accelerated by exposure to light. Photosensitive polyimides (PPIs) are attracting attention as insulating materials for microelectronic applications. PPIs can be directly patterned, reducing processing stages, and do not require the use of a hazardous etchant or a photoresist during the micro-lithographic stage. Photosensitive polyimides (PPIs) are widely used as protection and insulation layers in semiconductor manufacturing, due to their excellent properties such as thermal and chemical stabilities and low dielectric constants. Additionally, they are used as insulating films for print wiring boards (PWBs), and the application area in the microelectronics field continues to expand. PPIs is effective and, as they simplify processing and prevent the use of photoresists in the micro electric industry.

The outbreak of coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus to the online supply of consumer electronic gadgets, thereby creating manufacturing issues. The COVID-19 outbreak affected almost every industry. The long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially in, the US, and across Eastern Europe, European Union, and Eastern & Central Asia.

Key Takeaways from the Study:

  • Key players operating in the Toray Industries, FUJIFILM Corporation, Asahi Kasei Corporation, Eternal Materials Co Ltd, and HD Microsystems. These companies are considered as key manufacturers of Photosensitive Polyimide (PSPI) based on their revenue, research development (R&D) activities, Gauge Type offerings, regional presence, and supply chain management system.

Based on by type, the global photosensitive polyimide (PSPI) market is bifurcated into Positive Photosensitive Polyimide and Negative Photosensitive Polyimide.

Positive Photosensitive Polyimide is growing at a significant CAGR of XX% in the forecasted period. The Positive Photosensitive Polyimide is expected to hold XX%, the growth can be seen owing to its use in microfabrication processes to create small-scale structures and devices such as micro-electromechanical systems (MEMS) and micro-optical components. It is actively used in display technology to create patterns on display substrate and it can be used in the production of OLED displays. Positive Photosensitive Polyimide can be used to create biomedical devices, such as implantable sensors by patterning it with a photosensitive compound that changes its properties in response to light.

Based on by application, the global Photosensitive Polyimide (PSPI) market is trifurcated into memory, power-chip semiconductors, and others.

On the basis of Application, the market is categorized into Memory Chips, Micro-electromechanical system (MEMS), System in a package (SiP), Others. The MEMS is expected to grow at a significant pace during the projected period. Photosensitive polyimide (PSPI), due to its photo-definability and outstanding combined servicing properties, has been successfully employed as interlayer dielectrics and passivation layers in the manufacturing and packaging of microelectronics devices. The Memory segment is likely to grow at the highest CAGR of XX% in the forecasted period of 2022-2030. Photosensitive polyimide is majorly used in the fabrication of memory cells, which are the basic building blocks of memory chips, coupling with the rising demand in various industries across the globe. The others segments include biomedical devices, aerospace & defense, etc. whose demand is rising rapidly across countries and is likely to hold XX% market share in the year 2021.

Based on region, the global photosensitive polyimide (PSPI) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The market in Asia Pacific is projected to expand at a substantial CAGR of XX % during the forecast period, owing to the presence of rapidly growing industries such as electronics, automobiles, and a budding aerospace and defense sector. North America accounted for XX% share of the market in 2021 and the US is a major spender on aerospace & defense in the world. The market in Europe is expected to expand at a substantial CAGR during the forecast period owing to the expansion of the magnificent space industry in the UK. Furthermore, surging automobile production in Germany is boosting the photosensitive polyimide (PSPI) market.

Report Scope:

Report Metric


Market Value in 2021

US$ 399.23 Million

Market Growth Rate (from 2015 to 2030)


Historical Data

2016 - 2021

Base Year


Forecast Period

2023 - 2031

Units Considered

Value (US$ Million)

Market Segments

By Type, By Application

Key Companies Profiled

Toray Industries, FUJIFILM Corporation, Asahi Kasei Corporation, Eternal Materials Co Ltd, and HD Microsystems

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer, distributors, wholesaler, and Supplier.
  • Demand side: Semiconductor manufacturers.