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Polyamide-Imide Market Trends and Competitive Landscape Outlook -2024

Significant growth can be attributed to surging PAI demand in molding resin and wire enameling applications. The Global Polyamide-Imide (PAI) Market is expected to reach USD 668.9 million by 2024, according to a new report by Grand View Research, Inc.
 

The global automotive industry has been witnessing significant growth on account of low-cost manufacturing and government support in the form of tax benefits and financial incentives particularly in emerging Asian countries such as China, Indonesia, India, and Thailand. With an ongoing trend towards metal replacement in the automotive and aerospace industry, polyamide-imide molding resins have immense potential for components in engine parts and drive transmission parts that form 50% of the automotive component industry.

PAI polymers in fiber application also offer ample opportunity for the meta-aramid clothing industry. This material has heat and flame resistant characteristics and is one of the superior products used in the protective clothing industry. Growing demand for thermal protection clothing in the military, defense, chemical, and oil & gas industries is expected to steer polyamide-imide fiber demand over the next eight years.

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Fiber application segment is expected to witness moderate growth rate over the next eight years. In terms of revenue, the segment is anticipated to grow at a CAGR of 6.3% from 2016 to 2024. Surging demand for heat and flame resistant clothing in firefighting services, defense, and industrial sectors is expected to drive PAI-based fiber demand over the next eight years.

Top Players of Polyamide-Imide (PAI) Market:

Key industry participants in the market include Kermel, Solvay, Toyobo, and Ensinger that are integrated across the value chain from raw material procurement to product manufacturing and supplying. Other players operating in the global PAI industry include Shanghai Songhan Plastics Technology Co., Ltd., Fujifilm, and Innotek.

Market Segmentation of Polyamide-Imide (PAI) Market:

The Polyamide-Imide (PAI) Market segmented on the basis of Application and Region.

By Application:

    Molding resins
    Wire enamels
    Coatings
    Fibers

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Polyamide-Imide Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3124
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