Global Polyamide-Imide (PAI) Market - 2023-2030

Overview

Global Polyamide-Imide (PAI) Market reached US$ 256.6 million in 2022 and is expected to reach US$ 437.4 million by 2030, growing with a CAGR of 6.9% during the forecast period 2023-2030.

Due to the material's exceptional mechanical strength, chemical resistance, thermal stability and dimensional stability, the polyamide-imide (PAI) industry is still flourishing. The fundamental factor propelling PAI's employment in important applications is its resistance to high temperatures, strong chemicals and adverse environmental conditions while maintaining mechanical integrity.

Materials with superior electrical insulating qualities, resilience to high temperatures, mechanical strength and chemical resistance are required by the electronics and electrical industries. Countries like China, Japan, South Korea and Taiwan is well known for its electronic manufacturing.

Therefore, the demand for PAI is rising continuously. Due to this region's dominance in the production of electronic devices, there is a continuous need for the primary materials like PAI for electronic parts like circuit boards, connectors and insulators. Therefore, the Asia-Pacific accounts for the significant market shares in the global product market.

Dynamics

Silica/Polyamide-Imide Composite Film Synthesis and Characterization for Enamel Wire

Enamel wire can have many uses if a composite film with better qualities is created. The market for PAI could rise as a result of this development, which might encourage the usage of polyamide-Imide materials outside of their typical applications in a variety of industries. Manufacturers employing this method may gain a competitive edge if the Silica/Polyamide-Imide composite film exhibits better qualities than the materials currently utilized in enamel wires. Polyamide-imide-based materials are an increasingly popular option among companies striving to improve the performance of their products, which in turn drives up demand for PAI.

Improved enamel wire with Silica/Polyamide-Imide composite films has the potential to propel the expansion of markets for high-performance wires, insulation materials and electrical components. The need for Polyamide-Imide materials, a crucial component in many applications, may be further supported by this increase.

Rising Demand for Specialized Materials

Even at very high temperatures and pressures, PAI has exceptional mechanical strength, chemical resistance and dimensional stability. It is the best option for demanding applications in sectors including automotive, aerospace, electronics and industrial manufacture because of these special qualities. Due to its adaptability, PAI is used in many important applications, including industrial machinery, automobile and aerospace parts and electrical components.

The demand for PAI is still growing as companies are looking for materials that can survive harsh environments and still be dependable and durable. Due to its better qualities, PAI may replace conventional materials like metals, ceramics and other polymers in several applications, which greatly adds to its rising demand. Because of its remarkable performance and lightweight design, PAI is being adopted more widely by industries.

Limited Availability of Raw Materials

Some raw ingredients, such as aromatic diamines and aromatic acids, are necessary for the manufacturing of PAI. The production of PAIs may be immediately impacted by any interruption or scarcity in the supply of these basic materials. Disruptions can result in production delays or higher costs.

Price volatility can result from restricted access to essential raw resources. Variations in the cost of raw materials can have an impact on PAI's total production costs. The demand for PAI in the market may be impacted by abrupt price rises for raw materials that reduce its competitiveness in comparison to alternative materials. The total manufacturing capacity of PAI may be limited by the scarcity of raw resources. If there are challenges to obtaining a sufficient supply of essential raw materials, manufacturers may find it difficult to increase their output to meet the rising demand.

High Cost

In comparison to many other specialty plastics, PAI is slightly more expensive. Higher manufacturing expenses result from its production's complex synthesis procedures and use of specialized raw materials. Certain applications and sectors may find it less viable due to its high cost, which limits its affordability for those that value cost-effectiveness.

Because PAI is more expensive than competing materials that provide comparable performance features at a lower cost, PAI is less competitive. Market share may be difficult for PAI to gain if other materials can offer equivalent qualities at a lower cost. Industries are constantly searching for economical alternatives without compromising performance. PAI's expensive price may prevent it from entering more recent markets or applications.

Segment Analysis

The global polyamide-imide (PAI) market is segmented based on application, end-user and region.

Versatile Molding Capabilities and Application Diversity of PAI in Key Industries

The excellent molding capabilities of PAI enable the accurate creation of complicated and detailed forms. The property is essential for several moulding processes, including injection, compression and extrusion molding. The kind of accuracy makes it possible to develop complex parts for a variety of companies.

PAI is adaptable because it can take on several shapes and forms while maintaining strong mechanical strength, heat resistance and dimensional stability. It is widely used in vital industries like electronics, aircraft, automotive and industrial production, meeting the need for high-performance materials in demanding applications.

For instance, certain requirements must be met for the processing of Torlon polyamide-imide (PAI) resins and specific injection molding machinery is needed. Since Torlon PAI is a reactive polymer, heat will cause the polymer to expand in molecular weight by branching, cross-linking and chain extension. There are particular equipment considerations and processing methods that must be followed to prevent this during injection molding along with producing high-quality components. Therefore, the molded resins segment captures the majority of the total segmental shares.

Geographical Penetration

Influence of North America's Technological Prowess and Diverse Industry Sectors

The region is renowned for its technological innovation and advanced manufacturing abilities. Companies in North America make significant R&D investments to improve material qualities and investigate novel uses for PAI, which propels market expansion.

The automotive, aerospace, electronics, oil and gas and healthcare industries-all of which have significant markets in North America are among the most significant PAI consumers. The need for high-performance materials like PAI in these fields is driving market growth. Therefore, North America is one of the prominent regions in the product market accounting for the majority of the global shares.

COVID-19 Impact Analysis

Demand for PAI fluctuated in sectors like electronics, aircraft and automobiles, which are major users of the commodity. The demand for PAI-based products and components was hampered by lower investments, halted production lines and decreased consumer spending.

The uncertainty caused by the pandemic prompted numerous initiatives in a variety of industries to be postponed or abandoned. Investments in expansions or new technology that might have fueled the PAI market's growth were shelved. Unbalances between supply and demand developed as patterns of production and consumption changed. The might have affected the PAI market's pricing and management strategies.

Russia-Ukraine War Impact Analysis

Broad economic uncertainty tends to be brought on by geopolitical tensions and conflicts and this can have an impact on investment decisions, consumer spending and industrial output. A downturn in the economy may affect the need for PAI across a range of companies.

Due to trade route disruptions brought on by the conflict, companies may have sought alternate suppliers or modes of transportation, which could have an impact on the price and accessibility of materials related to PAI. The geopolitical tensions may have had an impact on several of the PAI-consuming industries, including electronics, aircraft and automotive. The demand for products based on PAI may be indirectly impacted by any disruptions in these industries.

By Application

• Molded Resins
• Films
• Fibers
• Enamel Wire
• Others

By End-User

• Automotive
• Aerospace and Defense
• Electrical and Electronics
• Oil and Gas
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In January 2022, Polyamide-imide Torlon (PAI) for complex industrial uses. Superior strength-to-weight ratios can be attained by highly designed plastic formulations in comparison to conventional lightweight alloys like titanium and aluminum.
• In January 2022, The Electronics and industrial segment company DuPont Interconnect Solutions has declared that the expansion project at its manufacturing facility in Circleville, Ohio, has been declared complete. With this US$ 250 million investment, DuPont will be able to address the increasing demand in the automotive, consumer electronics, telecom, specialized industrial and defense sectors of the market by increasing the production of Pyralux flexible circuit materials and Kapton polyimide film.
• In April 2023, Asahi Kasei and Microwave Chemical jointly started a demonstration project aimed at commercializing a microwave-based chemical recycling method for polyamide 661 (PA66, commonly known as nylon 66). It is anticipated that the process, which uses microwaves to depolymerize2 PA66, will produce the monomers adipic acid (ADA) and hexamethylenediamine (HMD) with a high yield and minimal energy usage. New PA66 can then be produced using the obtained monomers. The demonstration involves the depolymerization of PA66 manufacturing and post-use waste material used in airbags and car parts.

Competitive Landscape

The major global players in the market include Solvay S.A., SABIC, Mitsubishi Chemical Advanced Materials, Kolon Plastics, Ensinger GmbH, PolyOne Corporation, Celanese Corporation, DuPont, Polyplastics Co., Ltd. and Quadrant AG.

Why Purchase the Report?

• To visualize the global polyamide-imide (PAI) market segmentation based on application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of polyamide-imide (PAI) market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Application mapping available as excel consisting of key products of all the major players.

The global polyamide-imide (PAI) market report would provide approximately 53 tables, 50 figures and 181 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies