Stratview Research has published a new report titled “Polyamide-imide (PAI) Resin Market” which is segmented by Product Type (Molding Resin {Grade Type (Wear-Resistant PAI and High-Strength PAI) and Process Type (Extrusion, Injection Molding, and Compression Molding)}, and Coating/Binder), by End-Use Industry Type (Aerospace, Electrical & Electronics, Automotive, Industrial, and Others), by Filler Type (Graphite-Filled PAI, Glass-Filled PAI, Carbon-Filled PAI, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market estimates to grow at a healthy CAGR during the forecast period of 2021-2026. PAI resin is the high-performing melt-processable amorphous thermoplastic that offers exceptional mechanical and chemical properties at continuously elevated temperatures of as high as 500o F. The resin is generally polymerized either with aromatic diamine and aromatic acid chloride anhydride (acid chloride route) or with aromatic diisocyanate and anhydride (Diisocyanate route). Currently, PAI resins account for less than 5% (volume basis) of the total high-performance thermoplastics market and less than 1% of the overall thermoplastics market.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis –
By Product Type
Stratview Research has firstly segmented the PAI resin market based on the product type as molding resin and coating/binder. Molding resin is further segmented into grade type as high-strength PAI and wear-resistant PAI. Concurrently, the molding resin is also broken into process type as extrusion, injection molding, and compression molding.
Molding resins lead the total market with a mammoth share. 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
By End-Use Industry Type
The PAI Resin market is segmented as aerospace, electrical & electronics, automotive, industrial, and others.
Automotive 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 coupled with increased penetration of high-performance resins are estimated to resuscitate the demand for PAI resins in the coming years.
By 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 during the forecast period. 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.
Which Region is expected to remain the largest market?
North America is estimated to maintain its irrefutable lead in the global PAI resin market over the next five years. 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 foreseen future.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Polyamide-imide (PAI) Resin Market:
- Solvay S.A.
- Toray Industries, Inc.
- Allnex Netherlands B.V.
- Toyobo Co Ltd.
- Elantas
- Huntsman Corporation
- Innotek Technology Limited
- SHOWA DENKO K.K.
Key questions answered by the report.
- What is the projected CAGR for revenue from the Polyamide-imide (PAI) Resin Market during the forecast period?
- What would the market be valued at by 2026?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Polyamide-imide (PAI) Resin Market?
- Which are the major market players?
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