How Polyimide Varnish market is growing high in future
Polyimide is known as nylon which belongs to the class of high-performance plastics. High tensile strength, thermal stability, and good mechanical attributes are just remarkable qualities that make polyimides so popular. Polyimides are most utilized in the electronics industry as cables, as covers for optical fibers, and in the automotive industry as mechanical stress buffers due to their excellent adhesive properties According to a research report by Astute Analytica , the Global Polyimide varnish market value was US$ 114.9 million in 2021 and is expected to reach US$ 176.3 million by 2027, growing at a compound annual growth rate (CAGR) of 7.4% over the projection period from 2021 to 2027. The use of PCBs, TFTS, and sensors has increased significantly because of the enormous growth in demand in the automobile industry. As a result, it has the second-largest market share in the Polyimide Varnish market, the automobile industry has witnessed a change in the s...