Polyamide-Imide Resins Market - By Type (Unfilled, Glass fiber & Carbon fiber), By Processing Method (Injection Molding, Extrusion, Compression Molding & Others), By Synthesis Method (Acid Chloride Route, Diisocyanate Route & Others), By Grade (High-Strength Grade & Wear-Resistant Grade), By End-use Industry (Automotive (Passenger Cars, Light Commercial Vehicle & Heavy Commercial Vehicles), Electrical & Electronics (Semiconductor, Appliances & Others), Aerospace (Commercial, Military & Others), Oil & Gas, Coating, Medical & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030.

The Polyamide-Imide Resins Market size is estimated to grow at a CAGR of 5.7% during the forecast period 2024-2030 and reach US$925.959 million by 2030. Polyamide-imides are thermoplastic amorphous polymers derived from the condensation of an aromatic diamine such as methylene diamine along with an anhydride such as trimellitic acid chloride. They are primarily used in different industries including automotive, aerospace, electrical & electronics and others. The expansion of the polyamide-imide resins market is primarily driven by their usage in the automotive industry. The growth of the automotive and electrical & electronics industries is also expected to drive the growth of the Polyamide-Imide Resins market size in the upcoming years. 

Polyamide-imide’s exceptional thermal resistance (up to 270°C), long-term stability, and chemical resistance drive its adoption in these sectors. Its excellent electrical insulating properties make it valuable for manufacturing components and materials. The shift toward replacing metallic seals and bearings with lightweight PAI products enhances fuel efficiency. The increasing adoption of plastics alongside metals in industrial machinery and process equipment creates opportunities for PAI plastics.

The report: "Polyamide-Imide Resins Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Polyamide-Imide Resins Market.

By Type: Unfilled, Glass fiber and Carbon fiber.

By Processing Method: Injection Molding, Extrusion, Compression Molding and Others.

By Synthesis Method: Acid Chloride Route, Diisocyanate Route and Others.

By Grade: High-Strength Grade and Wear-Resistant Grade.

By End-use Industry: Automotive (Passenger Cars, Light Commercial Vehicle and Heavy Commercial Vehicles), Electrical & Electronics (Semiconductor, Appliances and Others), Aerospace (Commercial, Military and Others), Oil & Gas, Coating, Medical and Others.

By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].

• The injection molding segment held the largest share in the Polyamide-Imide Resins Market in 2023. Its wide range of characteristics and higher efficiency made it stand out in comparison to other types of processing methods in the market.

• Aerospace industry held a significant share in the Polyamide-Imide Resins Market in 2023. Polyamide-imide resins have a wide range of properties such as high abrasion resistance, high tensile and flexural strength and more. This makes them ideal for use in the aerospace sector.

• North America dominated the Polyamide-Imide Resins Market in 2023, owing to its increasing demand from the aerospace sector in the region. 

• A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Polyamide-Imide Resins Market Report.

• PAI’s exceptional thermal resistance (up to 270°C), long-term stability, and chemical resistance drive adoption in these sectors. It’s valuable for manufacturing components and materials due to excellent electrical insulating properties.

 

The injection molding method held the largest Polyamide-Imide Resins Market share of over 29% in 2023, owing to its increasing demand due to the benefits it offers over other types of processing methods. The injection molding method aids in faster production along with higher efficiency as compared to other types of processing methods. That's why it is commonly used in the production of polyamide-imide resins that are utilized across multiple industries. Moreover, polyamide-imide resins obtained through injection molding offer enhanced strength and higher flexibility in comparison to extrusion, compression molding and other types of processing methods. Furthermore, the injection molding method is more cost-effective in comparison to other methods and has low labor cost, high-output production and low scrap rate. Hence, all of these benefits are driving its demand over other types of processing methods, which in turn, is expected to boost the market growth during the forecast period.

The aerospace industry held a significant Polyamide-Imide Resins Market share of over 23% in 2023, owing to the increasing aircraft production across the world. The Indian Air Force (IAF) announced its plans to deliver 73 Tejas Mark-1A fighter jets which are scheduled to be delivered from 2024 to 2028. Polyamide-imide resins find applications in automotive components, including passenger cars, light commercial vehicles, and heavy commercial vehicles. Their high-temperature performance, mechanical strength, and chemical resistance make them valuable in this industry.

Polyamide-Imide Resins are thermoplastic amorphous polymers composed of aromatic diamines such as methylene diamine and trimellitic acid chloride. They are primarily used in aircraft components such as engine pistons, bearings, gears and more. Thus, such surging production from the aerospace sector across the world is expected to expand the Polyamide-Imide Resins market size during the forecast period.

North America held the second largest Polyamide-Imide Resins Market share of around 31% in the year 2023. The consumption of polyamide-imide resins is particularly high in this region due to its increasing demand from the aerospace sector. According to the Federal Aviation Administration (FAA) of the United States, the total production of commercial aircraft fleet is estimated to reach up to 8,270 by the end of 2037, owing to the growth of air cargo activities. Such growth of the aerospace industry in the region is expected to increase the demand for polyamide-imide resins for use in engine pistons, bearings, gears, and other aircraft components. This is expected to accelerate market growth during the forecast period. 

Polyamide-Imide Resins are thermoplastic amorphous polymers composed of aromatic diamine such as methylene diamine along with trimellitic acid chloride. They are primarily used in automobile components which include gears, bearings, seals, engine pistons and more. An increase in global automotive production is expected to increase the demand for polyamide-imide resins for use in various components of an automobile, owing to its high tensile and flexural strength, along with high abrasion resistance, high thermal resistance, chemical resistance and wear resistance properties. This is expected to accelerate the growth of the market in the upcoming years.

Polyamide-Imide Resins are commonly used in the electrical & electronics industry as a material for insulation, semiconductors and other electronic components. The properties of polyamide-imide resins such as excellent thermal and chemical resistance and electrical properties make them ideal for use in the electrical & electronics industry. The increasing demand for high-temperature thermoplastics in various applications within the electrical and electronics sector is a significant driver. The surging rise of the global electrical & electronics industry is anticipated to drive market growth in the upcoming years.

Some of the raw materials used in the production of Polyamide-Imide resins are obtained from crude oil. As a result, fluctuations in the prices of crude oil may hinder the growth of the market. In 2023, the international benchmark for petroleum prices across the world, also known as Brent crude prices, decreased to US$80.58 per barrel. Moreover, as per revised estimates for 2023-24, the COB has increased by around 38% from its initial budget estimate. In this way, such uncertainty regarding the price of crude oil may affect the prices of raw materials that are used in the production of polyamide-imide resins. Thus, such instability and fluctuating prices of raw materials may limit the growth of the Polyamide-Imide Resins industry during the forecast period.

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Polyamide-Imide Resins Market. The 10 top companies in Polyamide-Imide Resins Market are:

1. Solvay SA

2. Swicofil AG

3. Kermel

4. TOYOBO CO., LTD.

5. Innotek Technology Limited

6. FUJIFILM Holdings Corporation

7. Shanghai Songhan Plastics Technology Co., Ltd

8. Ensinger GmbH

9. Drake Plastics Ltd.

10. Mitsubishi Chemical Holdings Corporation and others.

• Evonik’s Acquisition of the Porocel Group: In August, Evonik acquired the Porocel Group for a substantial sum of USD 210 million.

• Asia Pacific accounted for the largest revenue share (32.5%) in 2023 and is expected to exhibit the fastest CAGR of 7.6% from 2024

to 2030.