Polyamide-Imide (PAI) Industry Assessment 2024-2030: Surging Demand in Molding Resin and Wire Enameling Applications
Polyamide-Imide Market
Dublin, Oct. 15, 2024 (GLOBE NEWSWIRE) -- The "Polyamide-Imide Market Size, Share and Trends Analysis 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The global polyamide-imide market is expected to reach USD 1.05 billion by 2030, registering to grow at a CAGR of 7.3% from 2024 to 2030. Significant growth can be attributed to surging PAI demand in molding resin and wire enameling applications.
The global automotive industry has been witnessing significant growth on account of low-cost manufacturing and government support in the form of tax benefits and financial incentives particularly in emerging Asian countries such as China, Indonesia, India, and Thailand. With an ongoing trend towards metal replacement in the automotive and aerospace industry, polyamide-imide molding resins have immense potential for components in engine parts and drive transmission parts that form 50% of the automotive component industry.
PAI polymers in fiber application also offer ample opportunity for the meta-aramid clothing industry. This material has heat and flame resistant characteristics and is one of the superior products used in the protective clothing industry. Growing demand for thermal protection clothing in the military, defense, chemical, and oil & gas industries is expected to steer polyamide-imide fiber demand over the next eight years.
Fiber application segment is expected to witness moderate growth rate over the next eight years. In terms of revenue, the segment is anticipated to grow at a CAGR of 7.1% over the forecast period. Surging demand for heat and flame resistant clothing in firefighting services, defense, and industrial sectors is expected to drive PAI-based fiber demand over the next eight years.
Polyamide-imide Market Report Highlights
The molding resins dominated the market and accounted for a revenue share of 74.2% in 2023 due to its superior mechanical properties, chemical resistance, and processability, making it a versatile choice for a wide range of industries requiring high-performance materials.
The wire enamels segment is expected to grow at the fastest CAGR of 7.7% from 2024 to 2030. This growth can be attributed to the increasing demand for high-performance wire enamels.
North America held a substantial market share in the global polyamide-imide market in 2023. The increasing demand for lightweight materials in the automotive and aerospace industries, coupled with the growing need for high-performance plastics in various applications, has been driving the market growth.
Asia-Pacific polyamide-imide market is anticipated to witness the fastest CAGR in the coming years. This growth is owing to the growing applications in industries such as automotive, electronics, aerospace, and others.
The leading players in the Polyamide-Imide market include:
Solvay
Ensinger
TOYOBO CO. LTD.
MITSUBISHI GAS CHEMICAL COMPANY, INC.
Axalta Coating Systems Ltd.
Kermel
Drake Plastics
Innotek Technology Limited
Elantas GmbH
Saint-Gobain
Why should you buy this report?
Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
Competitive Landscape: Explore the market presence of key players worldwide.
Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
Market intelligence to enable effective decision-making
Market estimates and forecasts from 2018 to 2030
Growth opportunities and trend analyses
Segment and regional revenue forecasts for market assessment
Competition strategy and market share analysis
Product innovation listing for you to stay ahead of the curve
COVID-19's impact and how to sustain in these fast-evolving markets
Key Attributes
Report Attribute | Details |
No. of Pages | 100 |
Forecast Period | 2023-2030 |
Estimated Market Value (USD) in 2023 | $650 Million |
Forecasted Market Value (USD) by 2030 | $1057.5 Million |
Compound Annual Growth Rate | 7.3% |
Regions Covered | Global |
Key Topics Covered
Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.4. Research Scope and Assumptions
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Polyamide-imide Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
3.4. Polyamide-imide Market Analysis Tools
Chapter 4. Polyamide-imide Market: Application Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Polyamide-imide Market: Application Movement Analysis, 2018 - 2030 (USD Million, Volume Kilotons)
4.3. Molding Resins
4.4. Wire Enamels
4.5. Coating
4.6. Fiber
4.7. Others
Chapter 5. Polyamide-imide Market: Regional Estimates & Trend Analysis
5.1. Polyamide-imide Market Share, by Region, 2023 & 2030, USD Million, Volume Kilotons
5.2. North America
5.3. Europe
5.4. Asia-Pacific
5.5. Latin America
5.6. Middle East and Africa
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis by Key Market Participants
6.2. Company Categorization
6.3. Company Heat Map Analysis
6.4. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/qut1pb
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