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Polyamide-imide (PAI) Resin Market to Grow at 6.2% CAGR During 2018 - 2023

12-07-2018 11:18 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Polyamide-imide (PAI) Resin Market to Grow at 6.2% CAGR During

Stratview Research announces the launch of a new research report on Polyamide-imide (PAI) Resin Market. This extensive report from Stratview Research, studies the Polyamide-imide (PAI) Resin Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Click here to read the detailed description: https://www.stratviewresearch.com/364/Polyamide-imide-Resin-Market.html

This Polyamide-imide (PAI) Resin Market analysis has been segmented in Three ways, keeping in mind the interest of all the stakeholders across the value chain.

by Type: (Unfilled, Glass Filled ,Carbon Filled ,and Others)- glass filled is likely to remain the largest segment
by End-Use Industry: (Automotive ,Aerospace, Electrical and Electronics, Oil and Gas and Others) - Electrical & electronics is expected to be the fastest-growing segment
by Region: (North America ,Europe ,Asia-Pacific and Rest of the World)- Asia-Pacific is expected to remain the largest market

Go through the detailed TOC: https://www.stratviewresearch.com/toc/364/Polyamide-imide-Resin-Market.html
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Get a free sample: https://www.stratviewresearch.com/Request-Sample/364/Polyamide-imide-Resin-Market.html

The Polyamide-imide (PAI) Resin Market: Highlights
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 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.

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.

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.

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.

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.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Click Here for Other Reports from Stratview Research in the Chemicals & Materials Industry: https://www.stratviewresearch.com/market/report/Advanced-Materials.html

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

We have a strong experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.

Crystal Tower,
Raipur - 492001

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