The global polyamide-imide resin market is expected to reach USD 709.6 million by 2025, from USD 503.2 million in 2017 growing at a CAGR of 6.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Polyamide-imides are either thermosetting or thermoplastic, amorphous polymers that have exceptional mechanical, thermal and chemical resistant properties. Polyamide-imides are used extensively as wire coatings in making magnet wire. They are prepared from isocyanates and TMA (trimellic acid-anhydride) in N-methyl-2-pyrrolidone (NMP). A prominent distributor of polyamide-imides is Solvay Specialty Polymers, which uses the trademark Torlon.
Polyamide-imides display a combination of properties from both polyamides and polyimides, such as high strength, melt processibility, exceptional high heat capability, and broad chemical resistance. Polyamide-imide polymers can be processed into a wide variety of forms, from injection or compression molded parts and ingots, to coatings, films, fibers and adhesives. Generally these articles reach their maximum properties with a subsequent thermal cure process.
Other high-performance polymers in this same realm are polyetheretherketones and polyimides.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global polyamide-imide resin market
- Analyze and forecast the polyamide-imide resin market on the basis of type and end-user.
- Trends of key regional and country-level markets for type and end-user.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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The global polyamide-imide resin market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spray adhesives market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. In March 2017, Solvay lunched its new line of EnduroSharp scrapper blades for aerospace applications. These blades have high strength and stiffness, sharp edges, and high resistance to heat, wear and chemicals.
Key Market Competitors: Global Polyamide-Imide Resin Market
The key players operating in the global polyamide-imide resin market are –
- Innotek Technology
The other players in the market are Kermel, 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., Nanoshel LLC among others.
- Superior properties of polyamide-imide resins
- Replacement of conventional materials by polyamide-imide
- Demand from end-use industries
- Competition from hybrid polymers and composites
- High cost
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Segmentation: Global Polyamide-Imide Resin Market
- Glass Filled
- Carbon Filled
- Electrical & Electronics
- Oil & Gas
- Asia Pacific
- South Korea
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Polyamide-imides are undefined polymers that are either thermoplastic or thermosetting, with astounding mechanical, substance and warm safe properties. One of the essential employments of polyamide-imides is the assembling of magnet wire. They are utilized as wire coatings. Two unique materials go into readiness of polyamide imides trimellitic corrosive anhydride in n-methyl-2-pyrrolidone, and isocyanates. Polyamide-imides show an amalgamation of properties from both polyimides and polyamides, for example, dissolve processibility, high quality, substance obstruction, and uncommon high warmth fitness. Polyamide imide polymers can be utilized for an assortment of utilizations, for example, coatings, films, filaments, glues, and instillation or pressure of precast parts and ingots. According to Statista, the European electronics consumer market is expected to account to USD 59,456 million in 2018 and it is estimated to grow by 78,903 million by 2020. According to International Trade Association, U.S. light vehicle production reached almost 12.0 million passenger vehicles in 2016 and light vehicle sales reached 17.5 million units in 2016. The growing demands for automotive and electronics industry is creating the demand for polyamide-imides resins.