Polyamideimide Fibers Market Analysis: Growth, Trends, and Forecasts (CAGR 7.2%) by 2023

Global Industry Analysis

Polyamideimide (PAI) fibers are high-performance synthetic fibers known for their excellent mechanical properties, including high strength, durability, and thermal stability. PAI fibers are used in a variety of applications, including aerospace, automotive, electronics, and industrial textiles. The global PAI fibers market has witnessed significant growth in recent years due to the increasing demand for high-performance materials in various end-use industries.

Market Overview:

The global polyamideimide fibers market size was valued at USD 405.5 million in 2015 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2015 to 2023. The increasing demand for lightweight and high-performance materials in the aerospace and automotive industries is a significant factor driving the growth of the PAI fibers market.

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Polyamideimide fibers offer excellent protection against flame and radiant heat. Polyamideimide fibers will not melt and will not form molten droplets. Polyamideimide fibers can be either manufactured through diisocyantes or acid chloride method.

The market for polyamideimide fibers was mainly driven by coatings and molded applications. In coatings industry, polyamideimide fibers are in powder form and half imidized. Polyamideimide fibers are used in magnetic enamels. The wire enamel is manufactured by dissolving it in polyamideimide fibers with solvents. polyamideimide fibers enamel have thermal stability and offer resistance against heat and chemicals.

Polyamideimide fibers are used in corrosion resistance and decorative coatings used in industrial applications. Polyamideimide fibers are used in non-stick utensils. In molding industry, polyamideimide fibers are used in manufacturing of gears, bushings, fasteners and seals among others.

In gas separation industry, polyamideimide fibers are used in membrane separation technology for gas separation due to its ability to sustain higher temperature levels. In electronics industry, polyamideimide fibers are used in manufacturing of electric motor components and semiconductor fabrications. However, higher prices and environmental regulations is anticipated to hinder the growth of the market in next few years to come.

In terms of demand, Asia Pacific was the leading region in polyamideimide fibers market in past few years. Asia Pacific is considered to be one of the fastest growing markets for polyamideimide fibers due to huge demand from molding and coatings industry. China had the highest demand and production for polyamideimide fibers in Asia Pacific region.

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Southeast Asian countries and Indian subcontinent is expected to have higher demand for polyamideimide fibers in next few years. Asia Pacific was followed by North America. Growing demand from aerospace, electronics and coatings industry has been major factor behind driving the demand for polyamideimide fibers in this region. U.S. had the largest demand and production for polyamideimide fibers in North America.

The demand was huge owing to increased molding activities and manufacturing of industrial and water borne coatings. However, regulations regarding polyamideimide fibers are anticipated to hinder the growth in this region. In 2013, Europe had the third largest demand for polyamideimide fibers market.

Western European countries such as Germany, Italy, Spain, the UK are one of the largest consumers of polyamideimide fibers in this region. Central Europe and Russia is expected to show positive outlook for the polyamideimide fibers market in near future. Rest of the World market is projected to show encouraging view for the polyamideimide fibers market in foreseeable future. Countries such as Brazil, South Africa, Argentina and the Middle East region is expected to exhibit higher demand for polyamideimide fibers in near future.

The market for polyamideimide fibers is highly oligopolistic in nature and is dominated by two or three major players. Some of the key manufacturers in the polyamideimide fibers market are Swicofil and Solvay S.A. among others.

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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This release was published on openPR.