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Polyamide-imide Resin Market is Showing Strong Position Near Future By Leading Key Vendors - ALLNEX NETHERLANDS B.V., FUJIFILM Corporation, Hitachi Chemical Co., Ltd., Drake Plastics, Mitsubishi Corporation
Polyamide-imide Resin Market
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Market Analysis: Global Polyamide-imide Resin Market
Global polyamide-imide resin market is expected to rise to an estimated value of USD 896.83 million by 2026, registering a CAGR of substantial 6.75% in the forecast period of 2019-2026. Rising demand of polyamide- imide resin from various end- users is the major factor for the growth of this market.
Key Market Competitors: Global Polyamide-imide Resin Market
Few of the major competitors currently working in polyamide-imide resin market are Solvay, TOYOBO CO., LTD, Ensinger, Innotek Technology (China) Ltd., KERMEL, Axalta Coating Systems, ALLNEX NETHERLANDS B.V., FUJIFILM Corporation, Hitachi Chemical Co., Ltd., Drake Plastics, Mitsubishi Corporation, ELANTAS Europe Srl., Nanoshel LLC.
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Market Definition: Global Polyamide-imide Resin Market
Polyamide-imides can either be thermosetting or thermoplastics of brown or yellow color which have excellent thermal, mechanical and chemical resistant properties. They are widely used in the production of the magnet wires. Unfilled, glass filled, carbons filled are some of the most common types of polyamide- imides. Acid chloride route and diisocyanate route are the most common method which is used for the synthesize polyamide-imides. They are widely used in the industries like aerospace, electrical, oil and gas etc. They are widely used in the industries due to their wide applications.
Segmentation: Global Polyamide-imide Resin Market
Polyamide-imide Resin Market : By Type
Unfilled
Glass Filled
Carbon Filled
Others
Polyamide-imide Resin Market : By End- Use Industry
Automotive
Aerospace
Electrical & Electronics
Oil& Gas
Others
Polyamide-imide Resin Market : By Product
Acid Chloride Route
Diisocyanate Route
Others
Polyamide-imide Resin Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Developments in the Market:
In January 2019, Parkway Products LLC announced that they have acquired Littlestar Plastics Inc so that they can strengthen their position in the aerospace industry. The main of the acquisition is to provide high quality and performance materials and will provide them material plastic solutions which will help them to meet the requirement of their customers.
In March 2017, Solvay announced the launch of their new Omnix LF-4050 and Omnix LF-4060 which are two high-performance polyamides. This new polyamides is designed for the permanent load or operating conditions where metal is still prevalent and can be widely used in industries like aerospace, automotive, packaging, plumbing, wire and cable, semiconductors etc.
Polyamide-imide Resin Market Drivers:
Remarkable properties of the polyamide- imide is driving the growth of this market
Rising usage of polyamide- imide resin in aerospace industry is another factor driving the growth of this market.
Rising demand for polyamide- imides due to their wide applications.
Increasing usage of polyamide- imides in aerospace industry is another factor driving market.
Polyamide-imide Resin Market Restraints:
High price of the polyamide- imide is restraining the growth of this market
Rising prevalence of hybrid polymers and composites is another factor restraining the growth of this market
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