The global polyamide-imide resin market is anticipated to gain remarkable traction over the projected period (2022-2029). Growth is attributable to the increasing demand for glass-filled resins and the rise of the worldwide automotive sector. The addition of glass fiber to the product helps enhance its flexural modulus. Its exceptional thermal characteristics are driving the product adoption in automotive applications, says Fortune Business Insights™ in its report titled “Polyamide-Imide Resin Market".
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Market Segments:
According to type, the market share is segmented into carbon-filled, glass-filled, unfilled, and others.
In terms of end-industry, the market share is divided into automotive, electrical & electronics, aerospace, oil & gas, and others.
By region, the market share is segregated into North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.
Report Coverage
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into the regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Surging Demand Across Automotive Sector to Create New Opportunities
Polyamide-imide resin market growth can be attributed to the increasing demand for glass-filled resins and the rise of the worldwide automotive sector. The addition of glass fiber to the product helps enhance its flexural modulus. Its exceptional thermal characteristics are driving the product adoption in automotive applications.
However, unavailability of the product in some regions could hamper the market growth to some extent.
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Regional Insights:
Increasing Number of Construction in North America to Drive Market Share
Asia Pacific is anticipated to dominate the worldwide polyamide-imide resin market share during the forecast duration. The growth can be credited to the increasing demand from the expanding automotive sector in this region.
In North America, the market will be driven by the demand for glass-filled resins from the aerospace sector. Meanwhile, the European market will be driven by increasing consumption across automotive, aerospace, and electronics sectors.
Competitive Landscape
Market Players Adoption New Strategies to Expand Market Presence
Leading players in the global polyamide-imide resin market are adoption various growth & expansion strategies. These mainly include mergers, acquisitions, and strategic partnerships. Several companies are involved in R&D for the development of novel solutions that are more advanced and cost-efficient. Companies are also investing in the expansion of production capacities to help cater to the rising market demand.
The Report Lists the Key Players Profiled in the Market Report:
- Innotek Technology Ltd. (Hong Kong)
- Axalta Coating Systems, LLC (U.S.)
- Toyobo Co., Ltd. (Japan)
- Nuplex Resins, LLC (Australia)
- Fujifilm (Japan)
- Hitachi Resins, LLC (Japan)
- Drake Plastics Ltd. Co. (U.S.)
- Mitsubishi Shoji (Japan)
- Solvay SA (Belgium)
- Kermel (France)
- Elantas (Germany)
- Shanghai Songhan Plastics Technology Co., Ltd. (China)
- Ensinger GmbH (Germany)
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