Photosensitive Polyimide (PSPI) Market By Type (Positive Photosensitive Polyimide, Negative Photosensitive Polyimide), By Application (Memory Chips, Micro-electromechanical system (MEMS), System in a package (SiP), Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The Global photosensitive polyimide (PSPI) market size was valued at USD 399.23 Million in 2022 and is expected to reach USD 926.07 Million by 2031, expanding at a CAGR of 9.8% during the forecast period 2023 – 2031. The overall incremental opportunity is estimated to be USD 447.7 Million from 2023 to 2031.
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 are effective and, as they simplify processing and prevent the use of photoresists in the micro electric industry.
Photosensitive Polyimide (PSPI) Market Dynamics
Drivers
Increasing Demand in Various Industries
Increasing demand for high-performance materials in various industries is expected to drive the market during the forecast period. Photosensitive polyimide is a high-performance material that is widely used in industries such as electronics, aerospace, and automotive. Increasing demand for PSPI in these industries is driving the market.
Rising Demand for Flexible Electronics
The rising demand for flexible electronics is driving the PSPI market. The growing popularity of flexible electronics, such as flexible displays and solar cells, is boosting the demand for PSPI. This material is highly flexible and can be used as a substrate for manufacturing flexible electronics.
Advancements in Technology
Advancements in photosensitive polyimide technology are expected to drive the market in the future. Technological advancements include the development of new formulations that are more sensitive to light and can be patterned at higher resolutions. The development of new technologies, such as roll-to-roll processing and inkjet printing, has led to the increased use of PSPI in the production of electronic devices.
Growing Demand for Lightweight and High-strength Materials
Growing demand for lightweight and high-strength materials is helping the market to grow during the forecast period. Photosensitive polyimide is a lightweight and high-strength material, which makes it ideal for use in the aerospace and automotive industries. The growing demand for lightweight and high-strength materials is driving the growth of the photosensitive polyimide market.
Restraints
High Cost of Raw Materials
The cost of raw materials used to produce photosensitive polyimide is high, which makes it costlier than traditional materials. The limited availability of raw materials used in the production of photosensitive polyimide leads to supply chain disruption and can limit the market. This can be a deterrent for some manufacturers and end-users and may limit the market.
Complex Manufacturing Process & Environmental Impact
The manufacturing process of photosensitive polyimide is complex and requires specialized equipment and skilled personnel. Some concerns have been raised regarding the environmental impact of photosensitive polyimide production, which deters manufacturers and end-users from using this material. This, in turn, is likely to impede the market.
Government Regulations
Government regulations and environmental concerns are creating opportunities in the photosensitive polyimide (PSPI) market. Government regulations and environmental concerns are creating boosting the use of photosensitive polyimide, as it environmentally friendly.
Biomedical Applications
PSPI has been used to develop biosensors and other medical devices, such as implantable devices for drug delivery and monitoring of vital signs. High demand for these devices and increasing use of PSPI in the biomedical industry is likely to create opportunities in the market in the near future.
Scope of Photosensitive Polyimide (PSPI) Market Report
The report on the global photosensitive polyimide (PSPI) market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Photosensitive Polyimide (PSPI) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Type (Positive Photosensitive Polyimide, Negative Photosensitive Polyimide), Application (Memory, Power-chip Semiconductors, Others ), |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
Toray Industries, FUJIFILM Corporation, Asahi Kasei Corporation, Eternal Materials Co Ltd, and HD Microsystems |
Photosensitive Polyimide (PSPI) Market Segment Insights
The global photosensitive polyimide (PSPI) market is segmented on the basis of type, application, and region.
Type Segment Analysis
Based on 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.
Application Segment Analysis
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 other 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.
Regional Analysis
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.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Photosensitive Polyimide (PSPI) Market
- Historical, Current, and Projected Market Size in terms of Value and Volume
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Photosensitive Polyimide (PSPI) Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photosensitive Polyimide (PSPI) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photosensitive Polyimide (PSPI) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photosensitive Polyimide (PSPI) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photosensitive Polyimide (PSPI) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photosensitive Polyimide (PSPI) Market Size & Forecast, 2015-2030
4.5.1 Photosensitive Polyimide (PSPI) Market Size and Y-o-Y Growth
4.5.2 Photosensitive Polyimide (PSPI) Market Absolute $ Opportunity
Chapter 5 Global Photosensitive Polyimide (PSPI) Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Photosensitive Polyimide (PSPI) Market Size Forecast By Type
5.2.1 Positive Photosensitive Polyimide
5.2.2 Negative Photosensitive Polyimide
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Photosensitive Polyimide (PSPI) Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Photosensitive Polyimide (PSPI) Market Size Forecast By Application
6.2.1 Memory
6.2.2 Power-chip Semiconductors
6.2.3 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Photosensitive Polyimide (PSPI) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photosensitive Polyimide (PSPI) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Photosensitive Polyimide (PSPI) Analysis and Forecast
9.1 Introduction
9.2 North America Photosensitive Polyimide (PSPI) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Photosensitive Polyimide (PSPI) Market Size Forecast By Type
9.6.1 Positive Photosensitive Polyimide
9.6.2 Negative Photosensitive Polyimide
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Photosensitive Polyimide (PSPI) Market Size Forecast By Application
9.10.1 Memory
9.10.2 Power-chip Semiconductors
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Photosensitive Polyimide (PSPI) Analysis and Forecast
10.1 Introduction
10.2 Europe Photosensitive Polyimide (PSPI) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Photosensitive Polyimide (PSPI) Market Size Forecast By Type
10.6.1 Positive Photosensitive Polyimide
10.6.2 Negative Photosensitive Polyimide
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe Photosensitive Polyimide (PSPI) Market Size Forecast By Application
10.10.1 Memory
10.10.2 Power-chip Semiconductors
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Photosensitive Polyimide (PSPI) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photosensitive Polyimide (PSPI) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Photosensitive Polyimide (PSPI) Market Size Forecast By Type
11.6.1 Positive Photosensitive Polyimide
11.6.2 Negative Photosensitive Polyimide
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific Photosensitive Polyimide (PSPI) Market Size Forecast By Application
11.10.1 Memory
11.10.2 Power-chip Semiconductors
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Photosensitive Polyimide (PSPI) Analysis and Forecast
12.1 Introduction
12.2 Latin America Photosensitive Polyimide (PSPI) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Photosensitive Polyimide (PSPI) Market Size Forecast By Type
12.6.1 Positive Photosensitive Polyimide
12.6.2 Negative Photosensitive Polyimide
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America Photosensitive Polyimide (PSPI) Market Size Forecast By Application
12.10.1 Memory
12.10.2 Power-chip Semiconductors
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Photosensitive Polyimide (PSPI) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photosensitive Polyimide (PSPI) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Photosensitive Polyimide (PSPI) Market Size Forecast By Type
13.6.1 Positive Photosensitive Polyimide
13.6.2 Negative Photosensitive Polyimide
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) Photosensitive Polyimide (PSPI) Market Size Forecast By Application
13.10.1 Memory
13.10.2 Power-chip Semiconductors
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 Photosensitive Polyimide (PSPI) Market: Competitive Dashboard
14.2 Global Photosensitive Polyimide (PSPI) Market: Market Share Analysis, 2021
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toray Industries
14.3.2 FUJIFILM Corporation
14.3.3 Asahi Kasei Corporation
14.3.4 Eternal Materials Co Ltd
14.3.5 HD Microsystems