Polyamide-imide Market Size, Share & Trend Analysis Report By Application (Molding Resins, Wire Enamels, Coating, Fiber, Others), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2023 - 2030

Polyamide-imide Market Size & Trends

The global polyamide-imide market size was estimated at USD 609.9 million in 2022 and is expected to grow a compound annual growth rate (CAGR) 7.2% from 2023 to 2030. Growing demand for high temperature thermoplastics in various applications of automotive and aerospace industries is anticipated to steer the polyamide-imide (PAI) market over the forecast period.  Commercially available product grades include molding resins, coating, films, adhesives, and fibers. Polyamide-imide has gained significance in molding resin and fiber applications. This can be attributed to its enhanced thermal resistance of up to 270 °C. Long-term stability and chemical resistance to various conventional solvents, fuels, lubricants, and acids have added to the large-scale adoption of PAI finished products in the automotive and aircraft industries.

PAI is classified among other amorphous high temperature plastics, including polyether ketone and polyphenylene sulfide that can be extruded, molded, and processed to yield high tolerance applications. Commercial forms of the application include injection molded, fibers, and powder. Enhanced electrical insulating characteristic has steered its demand in manufacturing components and materials for electrical & electronics, protective clothing, and bearings.

Owing to its lightweight features polyamide-imide has witnessed increasing demand across a broad range of moldable applications. Major end-use industries such as automotive, aerospace, energy & power are shifting towards replacing metallic seals and bearings in their compressor and engines. Potential materials that can be replaced with PAI include steel cages, bronze bushings, hardened steel balls, nylon, aluminum, and ceramic-coated steel.

Increasing use of lightweight plastics as a replacement for steel and aluminum in order to improve fuel efficiency is expected to drive the PAI market over the next eight years. PAI plastics are extensively preferred over steel & aluminum owing to superior impact strength, easy mold-ability, improved aesthetics, scratch resistance, vibration & noise control, and being lightweight. Furthermore, the increasing adoption of plastics in conjunction with metals, industrial machineries, and process equipment also possesses ample opportunity for PAI plastics.

Growing demand for polymers with enhanced insulating properties is expected to drive polyamide-imide demand in the electrical & electronics industry over the forecast period. Rising non-stick cookware demand is attributed to increasing consumer awareness towards fuel-efficient cookware. In addition, surging demand for innovative and healthy food recipes has steered non-stick cookware demand across Asia Pacific and Europe.

Stringent occupational health and safety regulations have urged the increasing adoption of safety measures across various end-use industries such as oil & gas, manufacturing, and construction. In addition, the heat-resilient characteristics of polyamide-imide fiber are expected to steer product demand in fiber application over the forecast period.

Regional Insights

Asia Pacific accounted for the largest revenue share of 32.5% in 2022 and is expected to grow at the fastest CAGR of 7.6% during the forecast period. The shifting trend towards lightweight components in automotive can be attributed to a cost-efficient strategy by the logistics division of various automotive industry players. In addition, surging demand for power-efficient materials in the electrical & electronics industry is expected to drive polyamide-imide demand over the forecast period.

North America polyamide-imide market is expected to grow at a CAGR of 7.3% over the forecast period.  Surging demand for compounded and extruded high-performance plastics in the region can be attributed to the growing automotive and aerospace industry. Ongoing investments and capacity expansion by various automakers in the U.S. and Canada are expected to steer polyamide-imide based component demand over the next eight years.

Application Insights

The molding resins segment accounted for the largest revenue share of 74.2% in 2022. This can be attributed to the increasing demand for high-performance materials providing superior mechanical properties, thermal stability and chemical resistance. Moreover, the use of products in automotive, medical, aerospace, oil & gas and various industrial sectors supports the market growth.  PAI resin is used to manufacture  components of aircraft as the products provide superior strength-to-weight ratios compared to other materials

The wire enamels segment is expected to grow at the fastest CAGR of 7.6% during the forecast period owing to the use of the product as the primary electrical insulation. The product is used as a wire coating for, transformer windings, fluorescent lamp ballast, and refrigeration equipment. Moreover, the PAI wire enamels displays superior characteristics such as chemical resistance and thermal stability than other products, boosting the product demand.

Key Companies & Market Share Insights

The market is highly competitive, with a large number of manufacturers accounting for a majority of the market share. Product launches, approvals, strategic acquisitions, and innovations are just a few of the important business strategies used by market participants to maintain and grow their global reach.

Recent Development

• In March 2019, Solvay made a noteworthy announcement that Performance Plastics Ltd. had made the strategic choice of utilizing Torlon PAI for the expansion of its EnduroSharp Scraper Blades range. These blades are ingeniously crafted to effectively eliminate resilient materials from delicate surfaces composed of fiber-reinforced composites. This strategic move has led to the introduction of a fresh set of offerings in Performance Plastics' product lineup, encompassing versatile tools such as adhesive cutters, gap filler removal bits and discs, reamers, and gap blades. All the newly introduced EnduroSharp products are crafted through molding Solvay's high-performance Torlon 5030 polyamide-imide (PAI), a resin enriched with a 30-percent glass fiber reinforcement. This not only showcases Solvay's commitment to cutting-edge solutions but also aligns seamlessly with Performance Plastics' pursuit of excellence in its product offerings.

Polyamide-imide Market Report Scope 

Global Polyamide-imide Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global polyamide-imide market based on application and region:

• Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • Molding resins

  • Wire enamels

  • Coating

  • Fiber

  • Others

• Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Thailand

    • Indonesia

    • Malaysia

    • Australia

  • Central and South America

    • Brazil

    • Argentina

  • Middle East and Africa

    • Saudi Arabia

    • South Africa