What is Global Modified Polyimide (MPI) Market?
The Global Modified Polyimide (MPI) Market is a vast and dynamic sector that deals with the production and distribution of modified polyimide, a high-performance polymer with exceptional thermal stability and chemical resistance. This market is a global entity, encompassing various regions and countries, each contributing to its growth and development. The MPI market is characterized by its diverse range of products, including films and resins, each with its unique properties and applications. The market's value is determined by the demand for these products in various industries, such as electronics, automotive, and aerospace.
MPI Film, MPI Resin in the Global Modified Polyimide (MPI) Market:
Diving deeper into the MPI market, we find two main product types: MPI Film and MPI Resin. MPI Film is a thin, flexible material made from modified polyimide. It is known for its excellent heat resistance, electrical insulation properties, and mechanical strength. On the other hand, MPI Resin is a type of plastic that is also made from modified polyimide. It is used in a variety of applications due to its high thermal stability, chemical resistance, and electrical insulation properties. Both these products play a crucial role in the MPI market, contributing significantly to its overall value.
5G Mobile Phone, Auto Industry, Aerospace Industry in the Global Modified Polyimide (MPI) Market:
The Global Modified Polyimide (MPI) Market finds its applications in several key areas. One of these is the 5G Mobile Phone industry, where MPI products are used in the manufacturing of components due to their excellent electrical insulation properties and heat resistance. The Auto Industry also utilizes MPI products in various applications, including the production of high-performance parts that require superior thermal stability. Lastly, the Aerospace Industry heavily relies on MPI products due to their exceptional heat resistance and mechanical strength, which are crucial in the harsh conditions of space.
Global Modified Polyimide (MPI) Market Outlook:
Looking at the market outlook for the Global Modified Polyimide (MPI) Market, it's clear that this sector is on a growth trajectory. In 2023, the market was valued at a substantial US$ 1668 million. However, this figure is expected to almost triple by 2030, reaching an impressive US$ 4769.4 million. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 16.0% from 2024 to 2030. The market is dominated by two major companies, which together hold approximately 50% of the market share. Among the product types, MPI Film is the most popular, accounting for nearly 60% of the market.
| Report Metric | Details |
| Report Name | Modified Polyimide (MPI) Market |
| Accounted market size in 2023 | US$ 1668 million |
| Forecasted market size in 2030 | US$ 4769.4 million |
| CAGR | 16.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Dupont, Kaneka, Mitsubishi Chemical, Ttaimide, Mortech, UBE INDUSTRIES, PI Advanced Materials, Rayitek, Taiflex, Thinflex, Xshunxuan |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
