Global Polyamide-Imide market was valued at USD 387.6 Million in 2015. It is projected to grow 6.3% during the forecast period. The market for PAI is expected to grow due to the increasing demand for high-temperature thermoplastics in different applications within the aerospace and automotive industries.
There are many commercially available product grades, including molding resins, coatings, films, adhesives and fibers. In molding resin and fiber applications, polyamide-imide is a significant ingredient. Its enhanced thermal resistance of up 270 degrees C can explain this. The large-scale adoption and long-term stability of PAI products in the aviation and aircraft industries has contributed to their chemical resistance to conventional solvents, lubricants and acids.
PAI is one of the amorphous high-temperature plastics that are available. This includes polyether ketone, polyphenylene sulfuride, and polyphenylene. These plastics can be extruded and molded to produce high-tolerance applications. The commercial forms of this application include powder, fibers, or injection molded. Its enhanced electrical insulation characteristic has driven its demand for components and materials for electric & electronic, protective clothing and bearings.
Polyamide-imide is in high demand due to its light weight and versatility. Major industries like automotive, aerospace and energy & power are moving towards replacing metallic seals or bearings in compressors and engines. Steel cages, bronze bushings and hardened steel balls are some of the materials that could be replaced by PAI.
The market for PAI plastics will grow over the next eight year due to increased use of lightweight plastics to replace steel and aluminum. PAI plastics have a lot more advantages than steel and aluminum due to their superior impact strength, ease of moldability, improved aesthetics as well as vibration & noise control. There is also an increasing use of PAI plastics in conjunction to metals, industrial machines, and process equipment.
Over the forecast period, there will be a growing demand for polymers that have enhanced insulation properties. This will drive demand for polyamide-imide in the electrical and electronics industry. Consumer awareness about fuel-efficient cookware is driving nonstick cookware demand. Non-stick cookware has also seen a rise in demand for healthy and innovative food recipes throughout Asia Pacific and Europe.
Safety regulations and strict occupational health standards have encouraged the adoption of more safety measures in various industries, such as construction, oil & gas, and manufacturing. The heat-resilient properties of polyamide-imide fibre are expected to drive fiber application demand over the forecast period.
Asia Pacific accounted for 31.6% market share in 2015 and was the largest region market. Logistics divisions of different automotive industry players can attribute the shift towards lightweight components to an economic strategy. Over the forecast period, polyamide-imide will be driven by the rising demand for energy-efficient materials in electrical and electronics industries.
In 2015, North America's polyamide-imide market was responsible for 28.2% of global revenue. The growing aerospace and automotive industries can be blamed for the high demand for extruded and compounded high-performance plastics. Over the next eight year, polyamide-imide-based component demand will be driven by ongoing investments and capacity expansions by different automakers in Canada and the U.S.
Toyobo and Mitsubishi are key manufacturers. Toyobo and Solvay are two of the most prominent vendors. They offer both raw material procurement and PAI manufacturing and supplying. Solvay offers a wide range of PAI grades, including molding resins and coating films, adhesives, films, and fibers. Kermel is a manufacturer of fibers and film-grade resins of PAI, while Innotek is primarily focused on that. Innotek, Fujifilm and others are focusing on the production of PAI powders for coatings.
Up Market Research published a new report titled “Polyamide-Imide Market research report which is segmented by Application (Molding Resins, Coatings, Fabric, Wire Enameling), By Players/Companies adhesives, Shanghai Songhan Plastics Technology Co, Fujifilm, Innotek, coating, Toyobo are integrated across raw material procurement, films, Ensinger GmbH, Solvay, Mitsubishi, fibers While Kermel is solely focused on manufacturing fibers and film grade resins of PAI Companies such as Innotek and Fujifilm are focused on producing PAI powders for coatings application, Kermel, Ltd Prominent vendors such as Solvay, PAI manufacturing & supplying Solvay offers a broad range of PAI grades such as molding resins, Toyobo”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Polyamide-Imide Market Research Report |
By Application | Molding Resins, Coatings, Fabric, Wire Enameling |
By Companies | adhesives, Shanghai Songhan Plastics Technology Co, Fujifilm, Innotek, coating, Toyobo are integrated across raw material procurement, films, Ensinger GmbH, Solvay, Mitsubishi, fibers While Kermel is solely focused on manufacturing fibers and film grade resins of PAI Companies such as Innotek and Fujifilm are focused on producing PAI powders for coatings application, Kermel, Ltd Prominent vendors such as Solvay, PAI manufacturing & supplying Solvay offers a broad range of PAI grades such as molding resins, Toyobo |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 214 |
Number of Tables & Figures | 150 |
Customization Available | Yes, the report can be customized as per your need. |
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 products, applications, and competitor analysis.
The market is segmented by Application (Molding Resins, Coatings, Fabric, Wire Enameling).
Polyamide-Imide Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Polyamide-Imide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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