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    Polyamide Imide Resin Market | Covid-19 Impact Analysis

    Polyamide Imide Resin Market | Covid-19 Impact Analysis

    Polyamide Imide Resin Market | Covid-19 Impact Analysis
    Report code - SRAM184 Delivery - 2 Weeks
    Polyamide-imide (PAI) Resin Market Size, Share, Trend, Forecast, & Competitive Analysi See more...
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    Impact of COVID-19 on Polyamide Imide Resin Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Polyamide Imide Resin Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Polyamide-imide (PAI) Resin Market Insights

    The global polyamide-imide resin market is likely to witness an impressive CAGR of 6.2% during the forecast period. Organic growth of end-use industries including aerospace, automotive, and E&E, increasing acceptance of PAI resins by replacing traditional bulky metals, the introduction of stringent regulations supporting lightweight plastics, and superior performance of PAI resins are the major factors that are proliferating the growth of polyamide-imide resins globally.

    Polyamide Imide Resins Market Forecast

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    Polyamide-imide is a melt processable plastic having remarkable chemical, physical and thermal-resistant properties. With the nominal rate of expansion, polyamide-imide resin withstands strength along with thickness. They afford extreme stress conditions even at elevated temperatures depending on the form of material. The resin is extremely perfumed molecules that owe high thermal stability and is capable of binding to most metal substrates when cured. It is also used in the manufacturing of magnet wire.

    The high cost of PAI resin is the biggest hindrance to its wider adoption. The high cost of raw materials, such as n-methyl-2-pyrrolidone (NMP), trimellitic acid anhydride (TMA), and isocyanates because of the derivation through the solvent recovery process from hydrocarbons is the root cause leading to a higher cost of PAI resins.

     

    Polyamide-imide (PAI) Resin Market Share Analysis

    Polyamide-imide (PAI) Resin Market Share by Type

    Based on the type, the market is segmented as unfilled, glass filled, carbon filled, and others. It is estimated that glass filled is likely to remain the largest segment of the market over the next five years. The rate of expansion of polyamide-imide resin is considerably reduced when glass fiber is added. It further improves its flexural modulus, leading to a higher penetration of the glass-filled polyamide-imide resin in the market. Owing to the properties, such as remarkable weather and gamma rays’ radiation resistant, superb bearing capacity, high strength, and toughness, and outstanding chemical assets further strengthen the demand for glass-filled polyamide-imide resins.

    The carbon-filled polyamide-imide resin is likely to witness a higher growth over the next five years, driven by an increasing acceptance in the automotive and aerospace industries, owing to its numerous advantages. It is expected that carbon-filled polyamide-imide resin will continue to replace traditional metals, such as steel and aluminum.

    Polyamide-imide (PAI) Resin Market Share by End-use Industry Type

    Based on the end-use industry type, the polyamide-imide resin market is segmented as automotive, aerospace, electrical & electronics, oil & gas and others. Electrical & electronics is expected to be the fastest-growing segment of the market over the next five years. The penetration of PAI resins has been increasing in various applications including wire enamels, chip nest and sockets, water carriers, and chemical washing over the past decades, owing to its ace properties including enhanced flame retardant, increased chemical resistance, high dielectric strength, ameliorated dimensional stability, remarkable electrical assets, and improved flexibility in design. 

    Aerospace and automotive, other major segments are likely to generate a healthy demand for PAI resins in the foreseen future. There has been an increased acceptance of PAI resins in high-temperature applications, such as engines and compressors, in the industry by replacing traditional metals. Similarly, stringent regulations regarding fuel efficiency enhancements and carbon emissions are leading automakers to replace heavy metals with the lightweight plastics. Also, premium automakers incorporate expensive resin-made parts in order to distinguish themselves from mass-volume automakers.

    Regional Insights

    In terms of regions, Asia-Pacific is expected to remain the largest market for PAI resin in the coming five years. Continuous shift of the E&E industry in Asia, particularly in China, increasing deliveries of aircraft to support the rising passenger traffic, and the high production of automobiles are the major drivers of the region’ demand for PAI resins in the foreseen future. China is likely to act as the growth engine of the region’s market over the next five years. North America and Europe, other considerable markets, are likely to generate sizeable growth opportunities in the next five years, supported by increasing automobile and aircraft production coupled with an increasing acceptance of PAI resins in various applications.

    Key Players

    The global PAI resin market is highly consolidated with the presence of a handful of players. Major players have rigorously been making efforts to develop innovative solutions in order to increase the acceptance of PAI resins in various applications with an ultimate aim to gain the larger chunk of the market. Also, major players have a vast distribution network covering all four regions to assure the supply of PAI resins. Some of the key polyamide-imide resin manufacturers are Solvay SA, Quadrant Group, Toyobo Co., Ltd, Ensinger GmbH, Innotek Technology, and Kermel S.A.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of 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. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2012-2023

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Forecast

    6.2% CAGR during 2018-2023

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Russia, The UK, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Polyamide-imide (PAI) Resin Market Size, Share & Forecast by Type:

    • Unfilled (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glass Filled (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Carbon Filled (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Polyamide-imide (PAI) Resin Market Size, Share & Forecast by End-Use Industry Type:

    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aerospace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrical and Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil and Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Polyamide-imide (PAI) Resin Market Size, Share & Forecast by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Report Customization Options

    With this detailed report, 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)

    Market Segmentation

    • Current market segmentation of any one of the types by end-use industry.  

    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 at [email protected]. 


    Frequently Asked Questions (FAQs)

    What will be the growth of Polyamide-imide (PAI) Resin Market in the foreseeable years?

    Driven by the factors like organic growth of end-use industries including aerospace, automotive, and E&E, the polyamide-imide resin market is expected to witness an impressive growth of 6.2% CAGR during the forecast period of 2018 to 2023.

    Who are the key players in the Polyamide-imide (PAI) Resin Market?

    Solvay SA, Quadrant Group, Toyobo Co., Ltd, Ensinger GmbH, Innotek Technology, and Kermel S.A. are among the key players in the polyamide-imide resin market.

    Which country/region is expected to be the largest Polyamide-imide (PAI) Resin Market?

    Asia-Pacific is expected to be the largest market for polyamide-imide resins during the forecast period of 2018-23. China is likely to be the growth engine of the regions market.

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