Global Polyamide-Imide (PAI) Market Size study & Forecast, by Application (Molding resins, Wire enamels, Coatings, Fibers)and Regional Analysis, 2022-2029

Global Polyamide-Imide (PAI) Market Size study & Forecast, by Application (Molding resins, Wire enamels, Coatings, Fibers)and Regional Analysis, 2022-2029

Global Polyamide-Imide (PAI) Market is valued at approximately USD 559.2 Million in 2021and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2022-2029.Polyamide-Imide (PAI) is a strong and high-performing thermoplastic that possesses excellent chemical, thermal and mechanical properties. It is used in a wider range of applications due to its lightweight features. It is preferred over all other thermoplastics due to its high strength and extensive properties. Various industries are adopting PAIs due to their long-term stability, durability, and strength. Additionally, rising demand for high-temperature thermoplastics and growing demand for Polyamide-Imide in resin and plastic manufacturingare driving the market over the forecast period.

With the higher production of thermoplastics, the demand for high-temperature thermoplastics was driving the market for Polyamide-Imide (PAI). Around 400 million metric tons were produced in 2020. PAI provides excellent performance during severe thermal and chemical environments which makes it highly preferable over other thermoplastics.Polyamide-Imide is preferred for the manufacturing of resin and plastics. PAI is used as a stiff plastic material to manufacture and produce components withstanding heavy loads. For Instance, plastic and resin manufacturing in the United States was growing continuously, an increase of2% seen in 2022 compared to previous year. In 2022, the market size of resin amounted to USD 97.5 billion. Global plastic production amounted to nearly 367 million metric tons in 2020. Moreover, PAIsare available in various forms due to its Melt-process ability theirits demand in the automotive, aerospace, and electric industries arerising due to theirversatile nature. However, the high cost of Polyamide-Imide (PAI) stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Polyamide-Imide (PAI) Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific dominated the market for Polyamide-Imide. The electronics and electrical industry demanded power efficient and reliable materials that boosted the demand for Polyamide-Imide (PAI). This region has a growing demand for high-performance thermoplastics which surges the market. North America is projected to be the fastest growing reason in the coming years. The emerging demand for stiff plastic in the aerospace and automotive industry is driving the market of PAIs. Several PAI resin and plastic market players boosted the growth of PAI Plastics and PAI Resin in this region.

Major market player included in this report are:
Toyobo Co., Ltd.
Mitsubishi Motors Corporation
FUJIFILM Holdings Corporation
Shanghai Songhan Plastic Technology Co., Ltd
Kermel
Solvay S.A.
InnoTek Limited.
Ensinger GmbH
Huntsman Corporation
Toray Industries, Inc.

Recent Developments in the Market:
In March 2022, Toyobo Co. Ltd, collaborated with Mitsubishi Motors Corporation to specialize in the manufacturing and sales of materials of Polyamide-Imide.
In March 2017, EnduroSharp scrapper blades were launched by Solvay for the aerospace industry. These blades had high stiffness and strength due to Polyamide-Imide used in its manufacturing.
Global Polyamide-Imide (PAI) Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Molding resins
Wire enamels
Coatings
Fibers
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the WorldCompanies Mentioned
Toyobo Co., Ltd.
Mitsubishi Motors Corporation
FUJIFILM Holdings Corporation
Shanghai Songhan Plastic Technology Co., Ltd
Kermel
Solvay S.A.
InnoTek Limited.
Ensinger GmbH
Huntsman Corporation
Toray Industries, Inc.

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