Polyamide-imide Resin Market by Type (Unfilled, Glass-Filled, Carbon-Filled), End-Use Industry, and RegionGlobal Forecast to 2022

The polyamide-imide resin market is estimated to be USD 501.7 million in 2017 and is projected to reach USD 687.1 million by 2022, at a CAGR of 6.5% between 2017 and 2022. The high demand for polyamide-imide resins from various end-use industries and superior properties of polyamide-imide resins are key factors driving the growth of the polyamide-imide resin market. The expansion of end-use industries, such as automotive, aerospace, electrical & electronics, and oil & gas, is another significant factor projected to influence the growth of the polyamide-imide resin market.

Based on type, the glass-filled segment of the polyamide-imide resin market is projected to grow at the highest CAGR during the forecast period. The addition of glass fiber to polyamide-imide resins helps in expanding the flexural modulus of polyamide-imide resins while reducing their rate of expansion. This, in turn, is expected to drive the growth of the market for glass-filled polyamide-imide resins.

The electrical & electronics segment is projected to be the fastest-growing end-use industry segment of the polyamide-imide resin market. Increase in the production of electronic products is expected to drive the demand for polyamide-imide resins from the electrical & electronics industry.

  • polyamide-imide resin market in 2017
    APAC accounted for the largest share of the polyamide-imide resin market in 2017, followed by Europe. The growth of the polyamide-imide resin market in APAC can be attributed to the increasing demand for vehicles, rising innovations in the aerospace industry, and increasing demand for consumer electronics. In addition, increased investments in the electrical & electronics industry are also projected to influence the growth of the polyamide-imide resin market in APAC.
  • Market Analysis
    Competition from hybrid polymers and composites is expected to restrain the growth of the polyamide-imide market. Moreover, high cost of polyamide-imide resins is acting as a major challenge to the growth of the polyamide-imide resin market.
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