Global Polyamide-imide (PAI) Resins Market is valued USD 478.5 million in 2016 is anticipated to grow USD 887.1 million with the compounded annual growth of 7.1% over the forecast period 2018-2025.
New York 16 August 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Polyamide-imide (PAI) Resins market industry is poised to raise USD 887.1 million by 2025. Technological developments in the production sector, excellent properties like high mechanical strength and exceptional electrical properties and use of Polyamide-imide (PAI) Resins instead of other metal-based products in industries are the main driving factors in the growth of Global Polyamide-imide (PAI) Resins market. The growing demand for polymers with superior physical and chemical characteristics also drives the market of the resin. The Polyamide-imide (PAI) Resins are unstructured thermoplastics that possess high chemical resistance, outstanding physical and mechanical properties. These thermoplastics have good wear resistance, high strength, low smoke emission and these are melt processable and that’s why they are turning the market by replacing the use conventional materials. PAIs can withstand sudden temperature change because of very high thermal stability. PAI has main application in magnet wire enamels. It also finds its uses in various sectors like corrosion resistant coatings, decorative coatings and high temperature coatings. It is widely used in switches and relays, bearings, mechanical components, valve seats, wear rings, thrust washers and electrical & electronics like printed circuit boards; food packaging, automotive, aerospace applications are some of the main industries for the Polyamide-imide (PAI) Resins market. However, their price is very high, therefore Polyamide-imide (PAI) Resins are usually only used when outstanding properties are required and requirement of skilled workers are the factors that hinders the overall growth of the Global Polyamide-imide (PAI) Resins Market.
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Global Polyamide-imide (PAI) Resins Market Size study, by Type (Unfilled, Glass-Filled, Carbon-Filled), by End-Use (Automotive, Aerospace, Electrical & Electronics, Oil & Gas) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Innotek Technology Ltd., Axalta Coating Systems, LLC, Toyobo Co. Ltd., Nuplex Resins, Fujifilm, Hitachi Resins, Drake Plastics Ltd. Co., Mitsubishi Shoji, Solvay SA, Kermel, Elantas, Shanghai Songhan Plastics Technology Co. Ltd., Ensinger GmbH and Quadrantand and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Electrical & Electronics
- Oil & Gas
- North America
- Asia Pacific
- Latin America
- Rest of the World