Press release
Polyamide-imide Resin Market is Forecasted to Reach US$ 1.5 billion in 2027, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global Polyamide-imide Resin Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/364/Polyamide-imide-Resin-Market.html#form
Report Highlights:
Market Size in 2027: US$ 1.5 Billion
Growth (CAGR): 5.2% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Polyamide-imide Resin Market:
The global Polyamide-imide Resin Market is segmented based on product type, end-use industry type, filler type, and region.
Based on product type - The market is segmented into molding resin and coating/binder. Molding Resins lead the total market with a mammoth share. Molding resin is further segmented into grade types as high-strength PAI and wear-resistant PAI. Concurrently, the molding resin is also broken into process types such as extrusion, injection molding, and compression molding. Wear-resistant PAI resin captures a large chunk of the pie.
Coating/binder resins typically have solvent content and are formulated into liquid thermoset resin form, being used extensively in electrical & electronics; cookware and home appliances coatings; and to some extent on automotive and industrial coatings or binder applications.
Based on end-use industry type - The market is segmented as aerospace, electrical & electronics, automotive, industrial, and others. The Automotive segment holds the largest market share of >35% in 2021 and is estimated to remain the leading consumer of PAI resins in the years to come. Transmission and under-the-hood areas are of key application areas of PAI resins with some key applications such as piston seals, wear pads, thrust washers, engine cams, bearings, and seals.
An expected recovery in automotive production in the post-pandemic market developments and increased penetration of high-performance resins is estimated to resuscitate the demand for PAI resins in the coming years.
Based on filler type - The market is segmented as graphite-filled PAI, glass-filled PAI, carbon-filled PAI, and others. Graphite-Filled PAI is likely to maintain its dominance with a share of >40% in 2021. Graphite-filled PAI resin is gaining momentum in wear-prone automotive applications. Glass-filled and carbon-filled PAI are preferably used in high-strength and high-performance applications, such as the aerospace industry.
To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/364/Polyamide-imide-Resin-Market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America holds a market share of >45% in 2021. This growth outlook is majorly attributed to the following-
• The region has the highest penetration of high-performance thermoplastics including PAI resins. The USA is the powerhouse of the market in the region.
Asia-Pacific is the largest market for engineered or standard thermoplastics but has a low penetration of high-performance thermoplastics.
• The emergence of well-known molders for PAI resins in the region is likely to spur the growth of the region's market in the foreseeable future.
Polyamide-imide Resin Market Drivers:
Some of the key drivers listed in the report are given below.
• The market growth will be driven by the increasing demand for glass-filled PAI resins.
• The growing need for lightweight materials in the automotive and aerospace industries to improve fuel efficiency and reduce carbon emissions is expected to boost the demand for Polyamide-imide resin.
• The increasing demand for non-stick cookware is attributed to growing consumer awareness about the benefits of using fuel-efficient cookware.
Top 10 Companies in the Polyamide-imide Resin Market:
Stratview Research has identified the following companies as the top market players:
Allnex Netherlands B.V.
• Elantas
• Huntsman Corporation
• Innotek Technology Limited
• Solvay S.A.
• SHOWA DENKO K.K.
• Toray Industries, Inc.
• Toyobo Co Ltd.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Polyamide-imide Resin Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• High-Performance Polyamide Market: https://www.stratviewresearch.com/774/high-performance-polyamide-market.html
• High-Temperature Composite Resin Market: https://www.stratviewresearch.com/186/high-temperature-composite-resin-market.html
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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