Polyamide-imide Resin Market Size to Hit USD 0.91 billion Share, Demands, Top Key Players - Solvay SA, Toyobo Co. Ltd., Elantas, Mitsubishi Shoji

The global market for Polyamide-imide Resin estimated at USD 0.53 billion in 2022, is projected to reach a revised size of USD 0.91 billion by 2029 registering a compounded annual growth rate (CAGR) of 6.2% over the period 2023-2029.

The latest report titled Polyamide-imide Resin Market contains wide-broadening quantifiable facts of the market and studies current industry circumstances on a large scale to offer the market consequences, market value, and growth valuation. The report includes skilful examination, data on the overall market, as well as constraints and headway purposes of the future along with a noteworthy perception of the improvement of the global Polyamide-imide Resin market.

The report describes the profile of the top manufacturers of the global Polyamide-imide Resin market. It also covers segments such as competitor segment, product type segment, end use/application segment, and geography segment. The authors of the report have examined market demand, turnover, production and growth potential, geographic analysis, as well as current market developments in various regions and countries.

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Polyamide-Imide Resins Market Drivers

An increase in automobile production

Polyamide-Imide Resins are thermoplastic amorphous polymers composed of aromatic diamine such as methylene diamine along with trimellitic acid chloride. They are primarily used in automobile components which include gears, bearings, seals, engine pistons and more. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total automobile production in 2022 in Europe, America, Asia and Africa increased by 25%, 17%, 28% and 37% respectively in comparison to 2022.

Growth in the electrical & electronics industry

Polyamide-Imide Resins are commonly used in the electrical & electronics industry as a material for insulation, semiconductors and other electronic components. The properties of polyamide-imide resins such as excellent thermal and chemical resistance and electrical properties make them ideal for use in the electrical & electronics industry. According to recent insights published on Growth from Knowledge (GRK) in September 2022, the global consumer electronics industry was valued at US$42.8 billion during the first quarter of 2022, an increase of 18% in comparison to 2022, due to an increase in electronic production. Such a surging rise of the global electrical & electronics industry is anticipated to drive market growth in the upcoming years.

Polyamide-Imide Resins Market Challenge

Fluctuating prices of raw materials

Some of the raw materials used in the production of Polyamide-Imide resins are obtained from crude oil. As a result, fluctuations in the prices of crude oil may hinder the growth of the market. In 2022, the international benchmark for petroleum prices across the world, also known as Brent crude prices, decreased to US$9.12 per barrel, which was the lowest record since December 10, 1998. Moreover, as per revised estimates for 2021-22, the COB has increased by around 35% from its initial budget estimate. In this way, such uncertainty regarding the price of crude oil may affect the prices of raw materials that are used in the production of polyamide-imide resins. Thus, such instability and fluctuating prices of raw materials may limit the growth of the Polyamide-Imide Resins industry during the forecast period.

Competitive Assessment:

The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Polyamide-imide Resin market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.

Leading market players in the Polyamide-imide Resin market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Polyamide-imide Resin market is Solvay SA, Toyobo Co. Ltd., Elantas, Mitsubishi Shoji, Axalta Coating Systems, LLC, Shanghai Songhan Plastics Technology Co., Ltd, Fujifilm Holdings Corporation, Ensinger GmbH, Innotek Technology, Kermel S.A., etc. and others.

BASF announced the acquisition of Solvay's polyamide division for USD 1.4 billion. With the addition of breakthrough goods such as Technyl, the purchase increased BASF's polyamide capabilities
Federal-Mogul Powertrain has introduced a new high-performance Irox 2, polymeric coating for heavy-duty applications, which provides improved performance, particularly with steel crankshafts.

Polyamide-imide Resin Market Segmentation:

Polyamide-Imide Resin Market by Type, 2023-2029, (USD Million), (Thousand Units)

Unfilled

Glass Filled

Carbon Filled

Others

Polyamide-Imide Resin Market by Product, 2023-2029, (USD Million), (Thousand Units)

Acid Chloride Route

Diisocyanate Route

Others

Polyamide-Imide Resin Market by End User Industry, 2023-2029, (USD Million), (Thousand Units)

Automotive

Aerospace

Electrical and Electronics

Oil and Gas

Others

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Regional Framework

The Polyamide-imide Resin Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Polyamide-imide Resin market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.

⇨ North America (United States, Canada, and Mexico)

⇨ Europe (Germany, France, UK, Russia, and Italy)

⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

⇨ South America (Brazil, Argentina, Colombia, etc.)

⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

This Report Also Includes:

» Polyamide-imide Resin Market Insights methodology

» Tactics and suggestions for new entrants

» Segmentation analysis

» Economic indices

» Companies' strategic developments

» Polyamide-imide Resin Market growth drivers and restraints

» Selected illustrations of the market penetrations and trends

Crucial insights in Polyamide-imide Resin research report:

Underlying macro- and microeconomic factors impacting the Sales of Polyamide-imide Resin.
Basic overview of the Polyamide-imide Resin, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of Polyamide-imide Resin across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.

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The Study Objectives are:

✔ An in-depth look at the key players in the Polyamide-imide Resin market, as well as the data that goes with them.

✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.

✔ Regional analysis, which includes information on the dominant Polyamide-imide Resin market and its share of the market.

✔ It also includes various socioeconomic factors that influence the market's evolution in the region.

✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.

Key questions answered in the report:
✦ What is the Polyamide-imide Resin market's growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Polyamide-imide Resin Market in the coming years?
✦ What are the most significant challenges that the global Polyamide-imide Resin Markets may face in the future?
✦ What are the top companies in the global Polyamide-imide Resin market?
✦ What are the main trends that are positively impacting the market's growth?

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