Formamidinium Iodide Market Regional Analysis of China Japan India and South Korea

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Formamidinium Iodide Market Size, Share & Trends Analysis Report By Purity (99.5%, 99.99%, 99.999%, and Others), By Application (Perovskite Solar Cells, Field-effect Transistor (FETs), Light-emitting Diode (LEDs), Photodetectors, and Others), By Production Scale (Laboratory Scale, Pilot Scale, and Mass Production),-Market Outlook And Industry Analysis 2034"

Formamidinium Iodide Market is valued at US$ 1.50 Mn in 2024 and it is expected to reach US$ 23.19 Mn by 2034, with a CAGR of 31.7% during the forecast period of 2025-2034.

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In high-efficiency solar cells, formamidinium iodide (FAI) serves as a critical precursor for producing formamidinium lead iodide perovskites, which optimize the bandgap and enhance both device stability and yield in scalable solution processing. Researchers widely employ FAI in synthesizing lead and mixed-metal halide perovskite films that support advanced LED technologies, photodetectors, and next-generation solar cells. The formamidinium iodide market is expanding as FAPbI₃-based perovskite absorbers offering near-ideal bandgaps, strong light absorption, and superior thermal stability outperform methylammonium-based films in single-junction and tandem configurations.

Ongoing advancements in phase stabilization and scalable fabrication techniques such as co-evaporation, additive engineering, and strain control further improve yield, durability, and supply confidence. Beyond photovoltaics, FA-based materials deliver high external quantum efficiency (EQE) and exceptional sensitivity in perovskite LEDs and photodetectors, broadening application scope and driving sustained market growth.

List of Prominent Players in the Formamidinium Iodide Market:

·      Halocell Energy

·      Dyenamo AB

·      FUJIFILM Wako Pure Chemical

·      American Elements

·      China Qingdao Hong Jin Chemical Co.,Ltd

·      Tokyo Chemical Industry Co., Ltd.

·      Infinium Pharmachem Limited

·      AJAY SQM

·      Luminescence Technology Corp.

·      Borun New Material Technology Co., Ltd.

·      Solaveni GmbH

·      Warshel Chemical Ltd

·      Ossila Ltd

·      Greatcell Solar Materials

·      Stanford Advanced Materials

·      Others

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Market Dynamics:

Drivers-

The growing global demand for both affordable renewable energy and effective operation has accelerated scientific research on perovskite solar cells (PSCs), is propelling the worldwide formamidinium iodide market. Formamidinium iodide (FAI), a perovskite precursor material, has been developed to improve the stability and performance of solar cells for crucial applications. Furthermore, PSC power conversion rates exceeding 25% have been attained in experiments, matching or surpassing those of conventional silicon-based cells. Formamidinium lead iodide (FAPbI₃) perovskite material is created by FAI, which develops perfect qualities like extraordinary structural steadiness, minimal defect concentrations, and outstanding light absorption capacity.

Challenges:

The expansion of formamidinium iodide may be hampered its commercial uptake is constrained by FAPbI3’s phase instability and sensitivity to moisture, oxygen, and heat, which undermine long‑term reliability and bankability despite rapid efficiency gains. Lead content triggers regulatory, recycling, and perception hurdles that complicate financing and deployment, especially for rooftops and tandems. Supply chain needs for ultra‑high‑purity FAI and tight process controls further squeeze yields and margins during pilot‑to‑mass transition.

Regional Trends:

In 2024, the market for formamidinium iodide was dominated by Asia Pacifc, with formal government funding assistance and rapid advancements in perovskite solar cell (PSC) technology, there are already substantial solar manufacturing capabilities. The three countries China South Korea and Japan lead the global solar market production where China holds the title as the world's top producer of solar panels. Renewable energy development receives considerable attention from Asia Pacific countries together with efficient manufacturing processes and affordable production costs.

The North America region offers numerous opportunities. Formamidinium iodide services are in high demand in the area due to its well-established photovoltaic and optoelectronic industries, which heavily use perovskite materials in high-efficiency solar cells. A strong R&D infrastructure, significant investments in renewable energy technologies, and early adoption of innovative materials are the main drivers of market expansion. This information appears overly automated.

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Recent Developments:

·      February 2025: Researchers from Peking University applied iodine intercalation decalation process to develop high-quality non-alloyed α-phase FAPbI₃ films.

Segmentation of Formamidinium Iodide Market-

Formamidinium Iodide Market- By Purity

·      99.5%

·      99.99%

·      99.999%

·      Others

Formamidinium Iodide Market- By Application

·      Perovskite Solar Cells

o  Thin Film Solar Cell

o  Glass Solar Cells

o  Tandem Solar Cell

·      Field-effect Transistor (FETs)

·      Light-emitting Diode (LEDs)

·      Photodetectors

·      Others

Formamidinium Iodide Market- By Production Scale

·      Laboratory Scale

·      Pilot Scale

·      Mass Production

Formamidinium Iodide Market- By Region

North America-

·      The US

·      Canada

Europe-

·      Germany

·      The UK

·      France

·      Italy

·      Spain

·      Rest of Europe

Asia-Pacific-

·      China

·      Japan

·      India

·      South Korea

·      South East Asia

·      Rest of Asia Pacific

Latin America-

·      Brazil

·      Argentina

·      Mexico

·      Rest of Latin America

 Middle East & Africa-

·      GCC Countries

·      South Africa

·      Rest of Middle East and Africa

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