Polyamide-imide Market Size, Share & Trends Analysis Report By Application (Molding Resins, Wire Enamels, Coating, Fiber), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2024 - 2030

Polyamide-imide Market Size & Trends

The global polyamide-imide market size was valued at USD 650.0 million in 2023 and is projected to grow at a CAGR of 7.3% from 2024 to 2030. The factors influencing the market growth include growing automotive industry, aerospace & defense sector, and expanding uses of electrical and electronics. Moreover, increasing demand for high-performance biomaterials that can be used in various medical applications such as implants, surgical instruments, and drug delivery devices are further propelling the market growth.

The automotive industry is one of the largest applications for polyamide-imide owing to its mechanical characteristics, thermal stability, and chemical insensitivity. Polyamide-imide (PAI) finds application in the manufacturing of different automobile parts like bearings, bushings, and seals because of their high performance and endurance. Rising trends in electric vehicles, lightweight and fuel-efficient automobiles, and the application of such materials as PAI are driving the market growth.

The aerospace and defense industries are significant consumers of polyamide-imide materials due to their superior strength-to-weight ratio, resistance to high temperatures, and excellent durability. PAI’s ability to withstand extreme conditions makes it an ideal material for manufacturing various aircraft components, such as engine parts, electrical insulation, and structural components. Additionally, its low smoke emission and flame resistance characteristics make it suitable for safety-critical applications in both commercial and military aircraft.

Polyamide-imide is gradually becoming the preferred material for electrical and electronics applications owing to its electrical insulating ability, thermal stability, and its capability to withstand wear and tear. This material is applied in the manufacturing of several electronic products like connectors, insulators, and circuit boards.

Application Insights

The molding resins dominated the market and accounted for a revenue share of 74.2% in 2023 due to its superior mechanical properties, chemical resistance, and processability, making it a versatile choice for a wide range of industries requiring high-performance materials. Molding resins offer excellent processability, allowing for easy molding and shaping into complex geometries with high precision.

The wire enamels segment is expected to grow at the fastest CAGR of 7.7% from 2024 to 2030. This growth can be attributed to the increasing demand for high-performance wire enamels. PAI has very good thermal stability, mechanical strength, chemical resistance, and electrical insulation characteristics which makes it suitable for use in wire enamel. Also, Polyamide-imide (PAI) is compatible with the different substrates, guaranteeing high durability when working under extreme conditions.

Regional Insights

North America held a substantial market share in the global polyamide-imide market in 2023. The increasing demand for lightweight materials in the automotive and aerospace industries, coupled with the growing need for high-performance plastics in various applications, has been driving the market growth. In addition, the rising focus on sustainability and environmental regulations favoring the use of high-performance polymers like PAI further contributes to market expansion.

U.S. Polyamide-imide Market Trends

The polyamide-imide market in the U.S. dominated the North America market in 2023 due to its extensive use in various industries such as automotive manufacturing, electrical & electronics, industrial machinery, and oil & gas exploration. The country’s strong manufacturing base and technological advancements further support the growth of the polyamide-imide market in the U.S.

Europe Polyamide-imide Market Trends

Europe polyamide-imide market was identified as a lucrative region in 2023 due to the increasing demand from various industries such as automotive, electronics, aerospace, and healthcare. The growing automotive sector, where these materials are used in engine components, fuel systems, electrical connectors, and other critical parts is driving the market growth.

UK polyamide-imide market is expected to grow rapidly in the coming years driven by the presence of major end-user industries such as aerospace, electronics, and healthcare.

Polyamide-imide market in Germany held a substantial market share in 2023 owing to increasing investment in electric vehicle manufacturing. Germany is Europe’s leading electric car production country and second in the world which drives the market growth.

Asia Pacific Polyamide-imide Market Trends

Asia Pacific polyamide-imide market is anticipated to witness the fastest CAGR in the coming years. This growth is owing to the growing applications in industries such as automotive, electronics, aerospace, and others. Polyamide-imide (PAI) is one of the premium grades, high-performance engineering plastics which offers the best thermal stability, mechanical strength, and chemical resistance along with electrical features. These characteristics make it a preferred material in applications of different industries.

India polyamide-imide market is expected to grow rapidly in the coming years due to the country’s expanding automotive industry, coupled with increasing investments in infrastructure and electronics sectors, which creates opportunities for the growth of PAI usage. As India focuses on enhancing its manufacturing capabilities and moving towards more advanced technologies, the demand for high-performance materials like PAI is anticipated to increase.

Polyamide-imide market in China held a substantial market share in 2023 owing to the country’s robust manufacturing sector growth, especially in the automotive and electronics industries.With the continuous growth of these industries and the emphasis on technological advancements, the demand for high-performance materials like polyamide-imide (PAI) is expected to rise further in China.

Key Polyamide-imide Company Insights

Some of the key companies in the polyamide-imide market include Drake Plastics, Innotek Technology Limited, Elantas GmbH, and Saint-Gobain.

• Drake Plastics specializes in manufacturing ultra-high-performance polymer stock shapes, injection molded parts, and precision machined components. In the polyamide-imide market, it supplies unreinforced, fiber-reinforced, and bearing and wear grades of PAI. Its prominent products include Torlon PAI, PEEK, Ryton PPS, AvaSpire PAEK, and Ultem PEI.

Recent Developments

• In July 2023, Arkema announced the acquisition of the controlling stake in a South Korean organization producing polyimide film, PI Advanced Materials (PIAM) for USD 792.41 million.

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 report 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

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

    • Indonesia

    • Vietnam

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait