San Francisco, 29 October 2018 , The global polyamide-Imide(PAI) market is expected to reach USD 668.9 million by 2024,
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 6.3% from 2016 to 2024. 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.
Full Research Report On Polyamide-Imide (PAI) Market Analysis: www.grandviewresearch.com/industry-analysis/polyamide-imide-pai-market
Further key findings from the report suggest:
·
The global polyamide-imide (PAI) market
demand was 9.96 kilo tons in 2015 and is expected to reach 16.32 kilo tons by
2024, growing at a CAGR of 5.7% from 2016 to 2024
·
Molding resins were the leading application
segment and is anticipated to grow at a CAGR of 5.8% over the forecast period.
Significant demand for high performance polymers with enhanced heat and flame
resilience in automotive components is expected to steer PAI demand for
compounded materials.
·
Wire enamel application is anticipated to
emerge as the fastest growing application segment by 2024. Polyamide-imide
demand in the segment was 617.4 tons in 2015. Surging demand for insulated
magnet wires with excellent heat and shock resistance than conventional
materials such as polyester and polyurethane is expected to steer
polyamide-imide demand in this segment.
·
Asia Pacific is expected to emerge as
fastest growing regional market and witness a growth rate of 6.8% over the next
eight years. China polyamide-imide market is expected to reach a net volume of
2,457.1 tons by 2024.
·
Key industry participants in the market
include Kermel, Solvay, Toyobo, and Ensinger that are integrated across the
value chain from raw material procurement to product manufacturing and
supplying. Other players operating in the global PAI industry include Shanghai
Songhan Plastics Technology Co., Ltd., Fujifilm, and Innotek.
Browse
More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the polyamide-imide (PAI) market on
the basis of application and region:
Global Polyamide-Imide (PAI) Application
Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
·
Molding resins
·
Wire enamels
·
Coatings
·
Fibers
Global Polyamide-Imide (PAI) Regional
Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
·
Middle East & Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-polyamide-imide-pai-market
www.grandviewresearch.com/press-release/global-polyamide-imide-pai-market
About Grand View Research
Grand View Research, Inc.
is a 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.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
