Polyamide-imide Market Size To Hit USD 1,057.5 Million By 2030


 San Francisco, 23 Sep 2024: The Report Polyamide-imide Market Size, Share & Trends Analysis Report By Application (Molding Resins, Wire Enamels, Coating, Fiber), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2024 - 2030

The global polyamide-imide market size is expected to reach USD 1057.5 million by 2030, registering to grow at a CAGR of 7.3% from 2024 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.

Access Research Report of Polyamide-imide Market @ https://www.grandviewresearch.com/industry-analysis/polyamide-imide-pai-market

Polyamide-imide Market Report Highlights

  • The molding resins dominated the market and accounted for a revenue share of 74.2% in 2023 due to its superior mechanical properties, chemical resistance, and processability, making it a versatile choice for a wide range of industries requiring high-performance materials.
  • The wire enamels segment is expected to grow at the fastest CAGR of 7.7% from 2024 to 2030. This growth can be attributed to the increasing demand for high-performance wire enamels.
  • North America held a substantial market share in the global polyamide-imide market in 2023. The increasing demand for lightweight materials in the automotive and aerospace industries, coupled with the growing need for high-performance plastics in various applications, has been driving the market growth.
  • Asia Pacific polyamide-imide market is anticipated to witness the fastest CAGR in the coming years. This growth is owing to the growing applications in industries such as automotive, electronics, aerospace, and others.

Polyamide-imide Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 693.5 million

Revenue forecast in 2030

USD 1057.5 million

Growth Rate

CAGR of 7.3% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

List of Key Players of Polyamide-imide Market

  • Solvay
  • Ensinger
  • TOYOBO CO., LTD
  • MITSUBISHI GAS CHEMICAL COMPANY, INC.
  • Axalta Coating Systems Ltd.
  • Kermel
  • Drake Plastics
  • Innotek Technology Limited
  • Elantas GmbH
  • Saint-Gobain

Access Press Release of Polyamide-imide Market @ https://www.grandviewresearch.com/press-release/global-polyamide-imide-pai-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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