Scienza e Tecnologia
Polyamide-imide Resin Market Size, Impacted by COVID-19, to Reach US$ 1.4 Billion in 2026, Says Stratview Research
PAI resin is a high-performing melt-processable amorphous thermoplastic that offers exceptional mechanical and chemical properties at continuously elevated temperatures of as high as 500o F. The resin is generally polymerized either with aromatic diamine and aromatic acid chloride anhydride (acid chloride route) or with aromatic diisocyanate and anhydride (Diisocyanate route). Currently, PAI resins account for less than 5% (volume basis) of the total high-performance thermoplastics market and less than 1% of the overall thermoplastics market.
At present, the market for high-performance resins along with PAI resin is in the lethal grip of the pandemic, severely affecting the growth of almost all the end-use industries, especially automotive and aerospace. The PAI resin market growth is highly subjected to the organic growth of the automotive, electrical & electronics, and aerospace industries. The demand for PAI resin is likely to plunge by more than 15% in 2020 (YoY) in the wake of the COVID-19 pandemic, taking the market to the below 2015-level. Most of this decline is likely to be caused by a huge decline in the demand for PAI resins automotive, aerospace, and oil & gas industries which are the worst-affected industries.
On a pre-COVID scenario, the PAI resin market was likely to create a healthy growth opportunity across industry verticals; however, the widespread of COVID-19 across the world has shattered the market hopes in an unprecedented manner. After logging a massive plunge in the demand for PAI resins in the short-term, the market is estimated to rebound quickly, well supported by strong industry fundamentals. An expected recovery in automotive and aircraft production; increasing semiconductor and PCBs market; superior benefits of PAI such as high strength at elevated temperatures, exceptional creep, wear, and chemical resistance over competing thermoplastics and metals, and increasing penetration of high-performance thermoplastics including PAI resin are some of the key factors that may help to bring back the market charm in the long-term scenario.
https://www.stratviewresearch.com/toc/364/Polyamide-imide-Resin-Market.html
Stratview Research has firstly segmented the PAI resin market based on the product type as molding resin and coating/binder. Molding resin is further segmented into grade type as high-strength PAI and wear-resistant PAI. Concurrently, the molding resin is also broken into process type as extrusion, injection molding, and compression molding. Coating/binder resins typically have solvent content and are formulated into liquid thermoset resin form, being used extensively in electrical & electronics; cookware and home appliances coatings; and to some extent on automotive and industrial coatings or binder applications.
Based on the end-use industry type, . Transmission and under-the-hood areas such as piston seals, wear pads, thrust washers, engine cams, bearings, and seals are the key application areas of PAI resins. An expected recovery in automotive production in the post-pandemic market scenario coupled with increased penetration of high-performance resins are estimated to drive the demand for PAI resins in the coming years.
Based on the filler type, the market is segmented as graphite-filled PAI, glass-filled PAI, carbon-filled PAI, and others. . Graphite-filled PAI resin is gaining momentum in wear-prone automotive applications. Glass-filled and carbon-filled PAI are preferably used in high-strength and high-performance applications, such as the aerospace industry.
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In terms of regions, . The region has the highest penetration of high-performance thermoplastics including PAI resins. The USA is the powerhouse of the market in the region. Asia-Pacific is the largest market for engineered or standard thermoplastics but has a low penetration of high-performance thermoplastics. The emergence of well-known molders for PAI resins in the region is likely to spur the growth of the region's market in the foreseen future.
The supply chain of this market comprises raw material suppliers, PAI resin manufacturers, semi-finished part manufacturers, finished part manufacturers, and OEMs.
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This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the PAI resin market and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
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