Lucintel's latest market report analyzed that polyimide varnish provides attractive opportunities in the consumer electronic, IT & telecom, aerospace & defense, automotive, and solar industries. The polyimide varnish market is expected to reach $35.3 billion by 2028 with a CAGR of 5.6%. In this market, normal heat resistant is the largest segment by product type, whereas consumer electronics is largest by end use industry.
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Based on product type, the polyimide varnish market is segmented into normal heat resistant and high heat resistant. The normal heat resistant segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the escalating use of these varnishes as they ensure outstanding performance in high-temperature settings and provide homogeneous coating, cross-linked film creation, and less shrinkage during the curing process.
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The Polyimide Varnish Market is marked by the presence of several big and small players. Some of the prominent players offering polyimide varnish include UBE Corporation, IST Corporation, Elantas PDG, Pixomax, and Mitsubishi Gas Chemical.
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