Polyamide-imide (PAI) Resin Market projected to grow at a CAGR of 6.2% in the forecast period (2018-2023)
Request The Table of Contents through here:
Highlights of the Report:
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.
Get a free sample of the report:
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.
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.
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.
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.
Features of the Report
Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth
400 Renaissance Center,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
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 are a trusted brand in the research industry with capability of commissioning complex projects within a short span of time with high level of accuracy.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polyamide-imide (PAI) Resin Market projected to grow at a CAGR of 6.2% in the forecast period (2018-2023) here
News-ID: 1834008 • Views: 190
More Releases from Stratview Research
Floor Adhesives Market Size to Grow at a CAGR of 5.1% by 2023
Floor Adhesives Market is expected to grow at a CAGR of 5.1% during 2018-2023, according to a newly added report by Stratview Research. This represents an attractive growth opportunity in the entire ecosystem of the market. Growing global construction industry, increasing consumption of adhesives globally, increasing use of water-based adhesives over solvent-based adhesives to reduce VOC emissions, replacement of mechanical fastening systems with adhesives, and the ability of adhesives to
Harmonic Filter Market Size to Grow at a CAGR of 6.4% by 2023
Harmonic Filter Market is expected to grow at a CAGR of 6.4% during 2018-2023, according to a newly added report by Stratview Research. Increasing use of power electronics that basically operates through electronic switching, increasing levels of harmonic distortions of voltage and current waveforms in power systems, increasing usage of variable frequency drives (VFDs), rising demand from the data centers and IT industries, increasing number of metal arc furnaces worldwide,
Sprayed-in-Place Pipe (SIPP) Market Size to Grow at a CAGR of 4.4% by 2024
Sprayed-in-Place Pipe (SIPP) Market is expected to grow at a CAGR of 4.4% during 2019-2024, according to a newly added report by Stratview Research. The SIPP market is mainly driven by the spending of government and municipal corporations towards infrastructure rehabilitation. Most of the water main pipes, wastewater pipes, and storm pipes in the major countries, such as the USA, Germany, and Canada, have reached or almost reaching their retirement
Trenchless Pipe Rehabilitation Market Size to Grow at an impressive CAGR by 2025
The trenchless pipe rehabilitation market is projected to grow at an impressive rate over the next five years to reach an estimated value of US$ 6.4 billion in 2025., according to a newly added report by Stratview Research. The market is mainly driven by the increase in spending of government and municipal corporations of various countries towards infrastructure rehabilitation. Furthermore, increasing awareness towards trenchless (no-dig) technologies in many nations, especially
More Releases for PAI
Polyamide-imide (PAI) Resin Market is likely to Grow at 6.2% CAGR During 2018 - …
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
Polyamide-imide (PAI) Resin Market to Witness 6.2% CAGR over the Next Five Years
Stratview Research has launched a research report on Polyamide-imide (PAI) Resin Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Polyamide-imide (PAI) Resin Market from 2018 to 2023. This is segmented in five ways to provide a 360 degree holistic view. The segments are – · by Type (Unfilled, Glass Filled, Carbon Filled and Others), · by End-Use Industry (Automotive, Aerospace, Electrical and Electronics, Oil and
Mohandas Pai takes an equity stake in InGovern Research Services
Bangalore, India – February 22, 2012, 1700 hrs IST: InGovern Research Services Pvt. Ltd. (InGovern), India’s first proxy advisory services company, is happy to share that Mr. Mohandas Pai has taken an equity stake in the company and will be on its advisory committee. “We are delighted that Mr. Mohandas Pai is endorsing the concept of proxy advisory and corporate governance services. His expertise, domain knowledge and relationships will help InGovern
PAI PG Fest 2011 - First PAI Paragliding Festival
The Paragliding Association of India is proud to announce the First PAI Paragliding Festival - 'PG Fest 2011'. This high energy, entertaining flying event will be held at Shelar Hills in Karanjgaon Village at Kamshet, 110 km from Mumbai (Bombay) city near the famous hill station – Lonavala, from 06-08 May 2011. The event is aimed at bringing the Indian PG community together and also to promote the sport in
Pai Lung Paves The Way For Customer Success
For a bright start in 2008, Pai Lung, a knitting machine innovator, rebuilt its fabric showroom to keep its proactive attitude in delivering complete solution for customers. With floor area of 250 square meters, Pai Lung showroom storages over 1000 samples of cloth, especially, Pai Lung patented knitted fabric are well-displayed. The aim of showroom not only presents versatility of Pai Lung knitting machines on wide range fabric production, but also
Pai Lung Achieves Great Success at ITMA 2007
As a top knitting machine innovator, Pai Lung was taking more proactive step at ITMA 2007, its special live fashion show and high value machines demonstration reflect significant progress of this year. Congratulation to Pai Lung on great performance and presentation at ITMA 2007 in Munch Germany, with its theme of “Time to Solution,” Pai Lung is well positioned as a leading total solution provider to customers on machine, fabrics and