Polyamide-imide (PAI) Resin Market Analysis & Forecast

Market Insights

Polyamide-imide (PAI) Resin Market is expected to reach USD 1.5 Bn by 2027 from USD 1.08 Bn in 2021 at a healthy CAGR of 5.2% during the forecast period of 2022-2027.

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What is Polyamide-imide resin (PAI resin)?

Polyamide-imide (PAI) resin is a high-performance thermoplastic that is known for its exceptional mechanical, thermal, and chemical properties. It is classified among amorphous high-temperature polymers like polyether ketone, and polyphenylene sulphide, etc., that can be melted, moulded, and treated at consistently elevated temperatures.

The resin is generally polymerized either with aromatic diamine and aromatic acid chloride anhydride (acid chloride route) or with aromatic diisocyanate and anhydride (Diisocyanate route).

Currently, PAI resins account for less than 5% (volume basis) of the total high-performance thermoplastics market and less than 1% of the overall thermoplastics market.

Market Drivers

Polyamide-imide Resins are a good choice for applications that require low fatigue and wear with exceptional chemical properties. The expansion of the PAI resin market is largely dependent on the organic growth of end-use industries like automotive, electrical and electronics, and aerospace sectors. A few factors likely to spur the growth of the PAI resin market in the foreseen future are –

• The market growth will be driven by the increasing demand for glass-filled PAI resins.     
• The growing need for lightweight materials in the automotive and aerospace industries to improve fuel efficiency and reduce carbon emissions is expected to boost the demand for Polyamide-imide resin.
• The increasing demand for non-stick cookware is attributed to growing consumer awareness about the benefits of using fuel-efficient cookware.

Key Players

Some of the major players in the market are-

• Solvay S.A.
• Toray Industries, Inc.
• Allnex Netherlands B.V.
• Toyobo Co Ltd.
• Elantas
• Huntsman Corporation
• Innotek Technology Limited
• SHOWA DENKO K.K.

Market Segmentation

Product Trends

The market is segmented into molding resin and coating/binder.

Molding Resins lead the total market with a mammoth share. Molding resin is further segmented into grade types as high-strength PAI and wear-resistant PAI. Concurrently, the molding resin is also broken into process type as extrusion, injection molding, and compression molding. Wear-resistant PAI resin captures a large chunk of the pie.

Coating/binder resins typically have solvent content and are formulated into liquid thermoset resin form, being used extensively in electrical & electronics; cookware and home appliances coatings; and to some extent on automotive and industrial coatings or binder applications.

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End-Use Industry Trends

The market is segmented as aerospace, electrical & electronics, automotive, industrial, and others. 

The Automotive segment holds the largest market share of >35% in 2021 and is estimated to remain the leading consumer of PAI resins in the years to come. Transmission and under-the-hood areas are of key application areas of PAI resins with some key applications such as piston seals, wear pads, thrust washers, engine cams, bearings, and seals.

An expected recovery in automotive production in the post-pandemic market developments and increased penetration of high-performance resins is estimated to resuscitate the demand for PAI resins in the coming years.

Filler Trends

The market is segmented as graphite-filled PAI, glass-filled PAI, carbon-filled PAI, and others. 

Graphite-Filled PAI is likely to maintain its dominance with a share of >40% in 2021. Graphite-filled PAI resin is gaining momentum in wear-prone automotive applications.

Glass-filled and carbon-filled PAI are preferably used in high-strength and high-performance applications, such as the aerospace industry. 

Regional Analysis

North America holds a market share of >45% in 2021 and is estimated to maintain its irrefutable lead in the global PAI resin market over the next five years. The region has the highest penetration of high-performance thermoplastics including PAI resins. The USA is the powerhouse of the market in the region.

Asia-Pacific is the largest market for engineered or standard thermoplastics but has a low penetration of high-performance thermoplastics. The emergence of well-known molders for PAI resins in the region is likely to spur the growth of the region’s market in the foreseeable future.

The market is segmented into the following categories. 

By Product Type

• Molding Resin
  • Regional Analysis
  • Grade Type
  • Process Type
• Coating/Binder
  • Regional Analysis
• Coating/Binder

By End-Use Industry Type

• Aerospace
• Electricals & Electronics
• Automotive
• Industrial
•  Others

By Filler Type

• Graphite-Filled PAI
• Glass-Filled PAI
• Carbon-Filled PAI
• Others

By Region

• North America (Country Analysis: The USA, and the Rest of North America)
• Europe (Country Analysis: Germany, France, The UK, and the Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America and the Middle East and Africa)

Recent Developments

• In August 2021, SABIC, a global leader in the chemical industry, announced the launch of a new polyamide-imide resin called “ULTEM AMHU85” specifically designed for use in high-temperature applications such as automotive and aerospace. , and electronics.
• In June 2021, Belgian chemical company Solvay announced that it can withstand temperatures of up to 315°C, and has excellent chemical resistance and dimensional stability.
• In March 2021, German specialty chemicals company Evonik Industries AG announced that it has expanded its production capacity for polyamide-imide (PAI) resins at its German plant. This expansion is expected to strengthen Evonik's position in the global PAI resin market.
• In January 2021, Japanese chemical company Mitsui Chemicals announced the launch of a new polyamide-imide (PAI) resin called "ARLEN Polyamide-Imide" for use in automotive, electronics and industrial applications. The new resin offers high thermal stability, good mechanical strength, and low hygroscopicity.

Report Features

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Polyamide-imide resin market realities and future market possibilities for the forecast period of 2022 to 2027.

After a continuous interest in our reports on High-Performance Thermoplastic Composites, Thermoplastic Prepreg, and High-Temperature Composite Resins, we have accentuated our research scope on the PAI resin market. 

The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for PAI resins at the global, regional, as well as country level. Also, the report provides a possible loss that the industry will endure by comparing pre-COVID and post-COVID scenarios.

The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulating growth strategies.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment, trends and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.