Polyamide-imide Market Size, Share & Trend Analysis Report By Application (Molding Resins, Wire Enamels, Coating, Fiber, Others), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2023 - 2030

Polyamide-imide Market Size, Share & Trend Analysis Report By Application (Molding Resins, Wire Enamels, Coating, Fiber, Others), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2023 - 2030

Polyamide-imide Market Growth & Trends

The global polyamide-imide market size is expected to reach USD 1,057.8 million by 2030, expanding at a CAGR of 7.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Significant growth can be attributed to surging PAI demand in molding resin and wire enameling applications.

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.

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 7.1% over the forecast period. 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.

Polyamide-imide Market Report Highlights

• The molding resins segment accounted for the largest revenue share of 74.2% in 2022
• The wire enamels segment is expected to grow at the fastest CAGR of 7.6% during the forecast period
• Asia Pacific accounted for the largest revenue share of 32.5% in 2022 and is expected to grow at the fastest CAGR of 7.6% from 2023 to 2030
• North America polyamide-imide market is expected to grow at a CAGR of 7.3% over the forecast period

Please note The report will be delivered in 2-3 business days upon order notification.