Polyamide-imides are amorphous polymers having significant chemical, mechanical and thermal-resistant properties. The Polyamide-imides are prepared by anhydride condensation, such as trimellitic acid chloride, and aromatic diamine, such as methylenediamine. They have high performance combined with high temperature strength with low temperature toughness offering chemical resistance. The high demand for polyamide-imide resins is attributed to its key properties related to stress conditions, temperature variations and material type. These polymersare widely used in printed circuit boards. These polymers also have thermal stabilities, chemical resistance, and low dielectric constants. Moreover, owing to such properties the Polyamide-imides polymers are also used for making wire coatings and magnet wires. These polymers have properties amalgamation properties of polyimides and polyamides, such high strength, chemical resistance, and high heat competence. These polymers can be used in variety of applications such as coatings, films, fibers, and adhesives.
According to study, “Global Polyamide-imide Resin Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global polyamide-imide resin market are Toyobo Co., Ltd., Innotek Technology Ltd., Nuplex Resins, LLC, Fujifilm, Axalta Coating Systems, LLC, Hitachi Resins, LLC, Mitsubishi Shoji, Drake Plastics Ltd. Co., Solvay SA, Kermel, Shanghai Songhan Plastics Technology Co., Ltd., Elantas, Ensinger GmbH.Key market player aims to gain a competitive advantage over other players by partnerships, mergers, acquisitions and expanding into new businesses.
Based on type, polyamide-imide resin market is segmented into unfilled, glass-filled, carbon-filled, and others. Glass-filled polyamide-imide resins are likely to grow at the highest rate due to their high strength and stiffness, superior gamma radiation & weather resistance, outstanding bearing, and good chemical-resistance during the forecast period. Based on preparation type market is segmented into acid chloride route, diisocyanate route, and others. Based on coating application, market is segmented into high temperature coatings, wire enamel coatings, non-stick coatings, decorative coatings, corrosion resistant coatings, and others. In addition, based on end-use industries, market is segmented into food packaging, paper and pulp, automotive, architectural, marine, industrial, wood, and others.
The polyamide-imide resin market is driven by replacement of conventional materials by polyamide-imide, followed by superior properties of polyamide-imide, growth in demand form aerospace industries for high performance resins, increase in investments & expansion of production facilities, rise in commodity chemicals sectors and growth in improvements in the product field such as carbon reinforced resin. However, high cost of polyamide-imides and competition from hybrid polymers and composites may impact the market. Moreover, growth in demand from end-use industries is a key opportunity for market.
Based on geography, the North-American region holds major share in polyamide-imide resin market owing to increase in demand for high performance coatings coupled with growth in aerospace and automotive industry in the region. Whereas, the Asian-Pacific and European regions are expected to witness higher growth rate on account of increase in the number of companies in emerging countries and growth in population over the forecast period. In upcoming years, it is estimated that future of the market will be optimistic as a result of increase in demand for constituents with superior physical and chemical properties during the forecast period.
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Ankur Gupta, Head Marketing & Communications