PUNE, India, May 25, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Photosensitive Polyimide (PSPI) Market By Type (Positive Photosensitive Polyimide, Negative Photosensitive Polyimide), By Application (Memory, Power-chip Semiconductors, Others), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was USD 400 million in 2022 and is expected to surpass USD 925 million expanding at a CAGR of 9.8% by the end of 2031. The market growth is attributed to the increasing demand for high-performance and flexible electronic materials in various end-user industries.

Key Market Players Profiled in the Report

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

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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include type, application, and competitor analysis.

This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

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Highlights on the Segments of the Photosensitive Polyimide (PSPI) Market

On the basis of region, the global photosensitive polyimide (PSPI) market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is expected to expand at a substantial compound annual growth rate during the projection period. This is attributed to the rapid growth of industrialization in the region. The demand for electronics and semiconductors in the region is increasing at a significant pace which is propelling the need for photosensitive polyimide materials.

North America is expected to hold a considerable share of the PSPI market during the forecast period. The growth of the market in the region is owing to significant demand for high-performance electronics from different end-user industries. The growing integration of automation technologies for industrial operations is expected to boost the need for PSPI as an insulating or coating material for developing micro-electronic appliances.

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Key Takeaways from the Study:

• Photosensitive polyimides are specialized photosensitive materials that are patterned with light, developed, and then thermally cured to form the final material in a specific photo-defined area.
• PSPI materials have wide usage in semiconductor chips as a passivation layer for the fabrication of microelectronics items. It is also used as interlayer dielectrics for flexible OLED devices and in optical fiber coatings.
• The rising use of PSPI as a practical packaging as well as insulating materials in microelectronics items has increased in recent years, which is one of the major drivers of the photosensitive polyimide market.
• The consumer demand for flexible electronics is increasing with advancements in manufacturing and designing technology. The PSPI use in developing flexible displays and solar cells, among other electronics is expected to fuel the market in the years ahead.
• The growing demand for lightweight but high-performance materials in various end-user industries is projected to create growth opportunities for the global PSPI market players.
• Based on type, the photosensitive polyimide market is divided into positive photosensitive polyimide and negative photosensitive polyimide. The positive photosensitive polyimide segment is expected to expand at a substantial CAGR in the coming years owing to their high application in developing small-scale structures and microelectronic devices.
• Based on application, the market is segmented into memory, power-chip semiconductors, and others. The power-chip semiconductors segment is projected to grow at a rapid pace.
• The growth of the power-chip semiconductors application segment can be attributed to PSPI's application as a surface protective layer, and interlayer dielectrics of semiconductor devices for its excellent heat stability, and electrical and mechanical properties.

Read 185 Pages Research Report with Detailed TOC on "Photosensitive Polyimide (PSPI) Market by Type (Positive Photosensitive Polyimide, Negative Photosensitive Polyimide), By Application (Memory, Power-chip Semiconductors, 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"

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Key Segments Covered

Type

• Positive Photosensitive Polyimide
• Negative Photosensitive Polyimide

Application

• Memory
• Power-chip Semiconductors
• Others

Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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