Polyamide Imide Resin Market | Contrive Datum Insights

Global Polyamide-Imide Resin Market size was valued at USD 687.1 million in 2022 and is projected to reach USD 1137.15 million by 2030, growing at a CAGR of 6.50% from 2022 to 2030.

Polyamide Imide Resin Market Overview:

Polyamide-Imide is a high-performance, amorphous thermoplastic that can be melt processed. It is an ideal material for maintaining thickness and strength with minimal expansion. Products are classified into solvent type and water type. Resins are usually polymerized with aromatic diisocyanates and anhydrides or aromatic diamines and aromatic acid chloride anhydrides. In addition, polyamide-imide resins are mechanically, chemically and thermally resistant. It also offers high strength and excellent high heat ability. High product consumption can be seen in films, coatings, fibers, ingots and adhesives.

Growing demand for glass fillers along with the rapidly growing automotive industry will drive up the consumption of polyamide-imide resins. The adoption of glass fibers in polyamide-imide resins helps to extend the flexural modulus of polyamide-imide resins while reducing the expansion rate. Additionally, the excellent thermal properties of polyamide-imide resins make them a preferred choice in the automotive industry. Therefore, these factors are expected to boost the consumption of polyamideimide resins and propel the market growth during the forecast period.

However, demand fluctuates due to the unavailability of polyamide-imide resins. Hence, this is expected to hinder market growth.

Major Market Segments Covered in Polyamide Imide Resin Industry Research:

Market Key Players:

• Innotek Technology
• Axalta Coating Systems
• Toyobo
• Nuplex Resins
• Fujifilm
• Hitachi Chemical
• Drake Plastics Ltd. Co.
• Others

Key Vendors:

Axalta: It is a provides performance coatings for a wide range of industrial applications; light vehicle and commercial vehicle coatings for original equipment manufacturers; and refinish surface preparation and coating systems for body shops globally.It is  innovate smarter surface solutions for better living and a sustainable future.Specialize in a Industrial Coatings, Powder Coatings, Automobile Coatings, OEM Coatings, Refinish Coatings, Transportation Coatings, Architectural Coatings, Marine Coatings, Mobility Coatings, Aviation Coatings, electrification, energy, sustainability, coatings, and solutions. 
 
TOYOBO:It hasprovided our high quality and valuable products all over the U.S. Currently we provide Functional Polymers, Industrial Materials, Healthcare products and other high-grade materials in U.S. It is a specialize in a Textile, Biomedical, Bioscience, Plastic, Film, Chemical, Fiber, Healthcare, and Life Science. 

Industy News: 

• In August 2021, SABIC, a global leader in the chemical industry, announced the launch of a new polyamideimide (PAI) 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, 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 polyamideimide (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.

By Type:

• N-methyl-2-pyrrolidone
• Isocyanates
• Other
  

N-methyl-2-pyrrolidone (NMP) is a clear, colorless, and odorless liquid that is used as a solvent in a variety of applications, including the manufacture of plastics, resins, and coatings. It is also used as a degreaser and a cleaning agent. NMP is considered to be a hazardous material due to its potential to cause skin irritation, respiratory problems, and central nervous system effects.
Isocyanates are a group of chemicals that are used to produce polyurethane foams and other products. Isocyanates are considered to be hazardous materials due to their potential to cause respiratory problems, skin irritation, and allergic reactions. Isocyanates can also be toxic if ingested.

By Application:

• Food packaging
• Paper and pulp
• Architectural
• Marine
• Other

Food packaging: Bisphenol A (BPA) and Perfluoroalkyl and polyfluoroalkyl substances (PFAS) are two hazardous materials used in food packaging. BPA is a chemical used to make plastics and resins, while PFAS are a group of man-made chemicals that are used in a variety of products, including food packaging. Both BPA and PFAS have been linked to health problems such as reproductive and developmental problems, and cancer.
Paper and pulp: Chlorine and formaldehyde are two hazardous materials used in paper and pulp. Chlorine is a chemical used to bleach paper, while formaldehyde is a chemical used to make paper and pulp. Both chlorine and formaldehyde can cause a variety of health problems, including respiratory problems, skin irritation, and cancer.
Architectural: Asbestos and lead are two hazardous materials used in architectural products. Asbestos is a naturally occurring mineral that was once used in a variety of building materials, while lead is a heavy metal that was once used in a variety of paints, gasoline, and batteries. Both asbestos and lead are now known to cause a variety of health problems, and they are no longer used in most building materials and products.
Marine: Tributyltin (TBT) and polychlorinated biphenyls (PCBs) are two hazardous materials used in marine products. TBT is a chemical used to prevent the growth of barnacles and other marine organisms on ships and other marine structures, while PCBs are a group of man-made chemicals that were once used in a variety of products, including electrical transformers, capacitors, and paints. Both TBT and PCBs are now known to be highly toxic, and they are no longer produced in most countries.
Other: Formaldehyde, lead, and mercury are three hazardous materials that are used in a variety of products, including wood glue, fabric softeners, and permanent press clothing. Formaldehyde is a chemical used in a variety of products, lead is a heavy metal that is found in a variety of products, and mercury is a heavy metal that is found in a variety of products. All three of these chemicals are known to cause a variety of health problems, and it is important to avoid exposure to them.

By End-Use:

• Automotive
• Aerospace
• Electrical and electronics
• Oil and gas
• Other

Based on Region:

Asia-Pacific: Asia-Pacific is the largest market for polyamide imide resin, accounting for a share of over 40% in 2022. The growth of the market in Asia-Pacific is being driven by the increasing demand for polyamide imide resin in a variety of applications, such as aerospace, automotive, and electrical & electronics. The region is home to a number of major polyamide imide resin manufacturers, such as Solvay, Quadrant, Toyobo, Ensinger, and Kermel.
North America: North America is the second largest market for polyamide imide resin, accounting for a share of over 25% in 2022. The growth of the market in North America is being driven by the increasing demand for polyamide imide resin in a variety of applications, such as aerospace, automotive, and military. The region is home to a number of major polyamide imide resin manufacturers, such as Solvay, Quadrant, and RTP Company.
Europe: Europe is the third largest market for polyamide imide resin, accounting for a share of over 20% in 2022. The growth of the market in Europe is being driven by the increasing demand for polyamide imide resin in a variety of applications, such as aerospace, automotive, and electrical & electronics. The region is home to a number of major polyamide imide resin manufacturers, such as Solvay, Quadrant, and Ensinger.
Rest of the World (RoW): RoW is the fourth largest market for polyamide imide resin, accounting for a share of over 15% in 2022. The growth of the market in RoW is being driven by the increasing demand for polyamide imide resin in a variety of applications, such as aerospace, automotive, and industrial. The region is home to a number of major polyamide imide resin manufacturers, such as Quadrant, RTP Company, and Innotek Technology.

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Significant Market Dynamics:

Dynamics: The polyamide imide resin market is a dynamic market, with new technologies and applications emerging all the time. This dynamism is being driven by the increasing demand for polyamide imide resin in a variety of applications.

Restraints: The polyamide imide resin market is also facing some restraints, such as the high cost of polyamide imide resin and the complexity of polyamide imide resin processing.

Drivers: The major drivers of the polyamide imide resin market are:

• Increasing demand for polyamide imide resin in aerospace and defense applications: Polyamide imide resin is used in a variety of aerospace and defense applications, such as aircraft structures, missile components, and radomes. The increasing demand for aircraft and defense products is driving the demand for polyamide imide resin in these applications.
• Increasing demand for polyamide imide resin in automotive applications: Polyamide imide resin is used in a variety of automotive applications, such as engine components, under-the-hood components, and exterior components. The increasing demand for fuel-efficient and lightweight vehicles is driving the demand for polyamide imide resin in these applications.
• Increasing demand for polyamide imide resin in electrical & electronics applications: Polyamide imide resin is used in a variety of electrical & electronics applications, such as circuit boards, connectors, and housings. The increasing demand for high-performance electronic devices is driving the demand for polyamide imide resin in these applications.

Trends: The polyamide imide resin market is also being influenced by the following trends:

• The rise of 5G: 5G is the fifth generation of cellular network technology. It is expected to offer much faster data speeds and lower latency than previous generations of cellular networks. This is driving the demand for polyamide imide resin that can support 5G networks.
• The growth of the Internet of Things (IoT): The IoT is a network of physical devices that are connected to the internet. These devices collect and exchange data with each other. This is driving the demand for polyamide imide resin that can be used to connect IoT devices.
• The development of new polyamide imide resin applications: New polyamide imide resin applications are being developed all the time. This is driving the demand for polyamide imide resin.

Challenges: The polyamide imide resin market is also facing some challenges, such as:

• The high cost of polyamide imide resin: Polyamide imide resin is a relatively expensive material. This could hinder the growth of the market in some applications.
• The limited availability of polyamide imide resin: Polyamide imide resin is a relatively new material and its availability is limited in some regions. This could also hinder the growth of the market in some regions.

Opportunities: Despite the challenges, the polyamide imide resin market is still a growing market. There are a number of opportunities for companies in the polyamide imide resin market, such as:

• The development of new polyamide imide resin technologies: The development of new polyamide imide resin technologies, such as NMP-free polyamide imide resin, is creating new opportunities for companies in the polyamide imide resin market.
• The growth of new polyamide imide resin applications: The growth of new polyamide imide resin applications, such as in 5G and IoT devices, is creating new opportunities for companies in the polyamide imide resin market.

Scope of report : 

Report Attribute	Details
Study Period	2017-2030
Base Year	2022
Estimated year	2023
Forecast period	2023-2030
Historic Period	2017-2022
Units  2030	USD 1137.15 Million
Growth Rate	CAGR of 6.5% from 2023 to 2030
By Type	N-methyl-2-pyrrolidone Isocyanates Other
By Application	Food packaging Paper and pulp Architectural Marine Other
By End Use	Automotive Aerospace Electrical and electronics Oil and gas Other
By Companies	Innotek Technology Axalta Coating Systems Toyobo Nuplex Resins Fujifilm Hitachi Chemical Others.
Regional Scope	North America Europe Asia-Pacific The Middle East & Africa Latin America
Reasons to Purchase this Report and Customization Scope	6-month post-sale analyst assistance. 10% Free Customization and 15 Company Profiles in addition to the ones specified

Conclusion:
                   In conclusion, the polyamide imide (PAI) resin market is experiencing significant growth due to its exceptional properties and increasing demand from various industries such as automotive, aerospace, electronics, and oil and gas. Despite challenges related to cost and availability, ongoing research and development efforts are expected to drive further innovations and expand the range of applications for PAI resins.