Perylene Diimides (PDIs) Market Report

Market Insights

What is Perylene Diimides (PDIs)?

Perylene diimide (PDI) can be defined as a chromophore for constructing non-fullerene acceptors for polymer solar cells (PSCs). The ready availability of PDI units largely reduces the synthesis cost and improves material stability. Perylenediimide (PDI) is obtained by treating perylenetetracarboxylic dianhydride (PTCDA) with amines at high temperatures. Based on type, perylene diimides can be categorized as bay position substituents and imide position substituents.

The Perylene Diimides (PDIs) Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of x% during the forecast period.

Figure: Perylene Diimides (PDIs) Market Size, 2020-2026

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Market Drivers

The global growth of perylene diimides (PDIs) market size is primarily driven by widespread product usage in various applications including OFETs (organic field-effect transistor) and solar cells among others. The growing solar industry with a rising preference for renewable energy sources is likely to fuel the product demand at a significant rate during the review period. In addition to this, increasing demand for perylene diimides (PDIs) in developing countries is likely to create lucrative opportunities for the players operating in the global market during the review period.

Covid-19 Impact Analysis

The outbreak of COVID-19 significantly impacted the materials supply chains, international trade, and manufacturing operations across the world. The production of perylene diimides (PDIs) declined amidst the COVID-19 pandemic as the market players had to shut production facilities or operate the facilities below the optimal production capacities to avoid the spread of the coronavirus. Furthermore, decline in the growth of the end-use industries further affected the market growth.

Segments' Analysis

Application Trends

Based on application, the perylene diimides (PDIs) market has been divided into OFETs, solar cells, OLETs, and others.  The OFETS (organic field-effect transistor) application accounted for the largest market share in 2020. The segment growth can be attributed to significant product usage in electronic devices. The solar cells segment is expected to register healthy growth during the review period.

Regional Trends

By region, the Asia-Pacific Perylene Diimides (PDIs) market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the presence of a strong solar and electrical & electronics industry in China. Increasing product demand in developing countries such as India, Malaysia, and Indonesia among others is expected to propel the market growth substantially during the review period. The market growth in the North American region is expected to grow at a considerable CAGR during the review on account of the established presence of end-use industries in the region particularly in the US.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global perylene diimides (PDIs) market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the Perylene Diimides (PDIs) market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Perylene Diimides (PDIs) market?
• What are the key strategies adopted by the major vendors to lead in the Perylene Diimides (PDIs) market?
• What is the market share of the top vendors?

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Key Players

Key players operating in the Perylene Diimides (PDIs) Market are-

• Molbase (China)
• Anshan HIFI Chemical Co., Ltd (China)
• VWR International (US)
• Sun Chemical (US)
• Parchem Fine & Specialty Chemicals (US)
• Merck & Co., Inc. (US)

Target Audience

The target audience of Perylene Diimides (PDIs) Market includes-

• Perylene Diimides (PDIs) Vendors
• Perylene Diimides (PDIs) Manufacturers
• Perylene Diimides (PDIs) Distributors
• Organizations
• Government Bodies.

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