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Polyamide-imide is the high-performing melt-processable amorphous thermoplastic. The material is ideal for maintaining thickness and strength with minimal expansion rate. The product is categorized into solvent-based and water-based. The resin is generally polymerized either with aromatic diisocyanate and anhydride or with aromatic diamine and aromatic acid chloride anhydride. Furthermore, the polyamide-imide resin is resistant to mechanical, chemical, and thermal. Also, it provides high strength and exceptional high heat competence. The high product consumption can be seen in films, coatings, fibers, ingots, and adhesives.
The rising demand for glass-filled coupled with the rapidly growing automotive industry will boost the consumption of polyamide-imide resin. The adoption of glass fiber to polyamide-imide resins aids to expand the flexural modulus of polyamide-imide resins while decreasing their rate of expansion. Moreover, the excellent thermal properties of polyamide-imide resin make it a preferred choice in the automotive industry. Hence, such factors will fuel the consumption of polyamide-imide resin and are anticipated to fuel the market growth during the forecast period.
However, the unavailability of polyamide-imide resin causes the fluctuation in the demand. Hence, this is anticipated to hamper the market growth.
Key Market Driver -
The rising demand of glass filled and rapid growth in the automotive industry will drive the market growth.
Key Market Restraint -
Unavailability of the product to hamper the market growth
Based on type, the polyamide-imide resin market is segmented into unfilled, glass-filled, carbon-filled, and others. Based on end-use industry, the market is segmented into automotive, aerospace, electrical & electronics, oil & gas, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the polyamide-imide resin market include Innotek Technology Ltd., Axalta Coating Systems, LLC, Toyobo Co., Ltd., Nuplex Resins, LLC, Fujifilm, Hitachi Resins, LLC, Drake Plastics Ltd. Co., Mitsubishi Shoji, Solvay SA, Kermel, Elantas, Shanghai Songhan Plastics Technology Co., Ltd., and Ensinger GmbH.
Asia Pacific is anticipated to witness sustainable growth in the polyamide-imide resin market. The growth is attributed to the rising product demand from the automotive industry. The rising demand for glass-filled from aerospace industry will fuel the market growth in North America. In Europe, the growth is due to rapid growth in the electronics industry, thereby aids in boosting the product consumption in this region. The Middle East & Africa is anticipated to witness significant growth, owing to the rising product demand in the oil & gas industry.
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