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Energy Industry News Releases

Polyamide-imide Resin Market worth 687.1 million USD by 2022


(EnergyIndustry.Net, May 15, 2020 ) The report "Polyamide-imide Resin Market by Type (Unfilled, Glass-Filled, Carbon-Filled), End-Use Industry (Automotive, Aerospace, Electrical & Electronics, Oil & Gas), and Region (North America, Europe, APAC) - Global Forecast to 2022", The polyamide-imide resin market is projected to grow from USD 501.7 million in 2017 to USD 687.1 million by 2022, at a CAGR of 6.5% during the forecast period. The growth of this market can be attributed to the high demand for polyamide-imide resins from end-use industries such as automotive, aerospace, electrical & electronics, and oil & gas, superior properties of polyamide-imide resins, and replacement of conventional materials by polyamide-imide resins.

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The glass-filled type segment is projected to lead the polyamide-imide resin market during the forecast period.

Glass-filled polyamide-imide resins encompass various properties that include excellent weather and gamma radiation resistance, outstanding bearing, high strength and stiffness, and good chemical resistance. The addition of glass fiber to polyamide-imide resins helps in expanding the flexural modulus of polyamide-imide resins while decreasing their rate of expansion. This, in turn, is expected to drive the market for glass-filled polyamide-imide resins.

The electrical & electronics end-use industry segment is projected to grow at the highest CAGR during the forecast period.

Based on end-use industry, the electrical & electronics segment is projected to grow at the highest CAGR during the forecast period. Key applications of polyamide-imide resins in the electrical & electronics industry include chip nest & sockets, wafer carriers, and chemical washing. Properties such as high chemical resistance, increased flame retardant, high dielectric strength, improved dimensional stability, excellent electrical properties, and improved design flexibility make polyamide-imide resins an ideal material for various applications in the electrical & electronics industry.

Browse 86 market data Tables and 22 Figures spread through 100 Pages and in-depth TOC on "Polyamide-imide Resin Market”

Don't miss out on business opportunities in Polyamide-imide Resin Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

The APAC polyamide-imide resin market is projected to grow at the highest CAGR during the forecast period.

The growth of the APAC polyamide-imide resin market can be attributed to the increasing demand for polyamide-imide resins from the automotive, aerospace, electrical & electronics, and textile industries. China, India, and Indonesia are major vehicle manufacturing countries of APAC, where vehicle production is growing at a high rate. Automotive manufacturers in the APAC region are focused on the manufacture of energy-efficient vehicles, which, in turn, has propelled the demand for lightweight components. The need to develop lightweight automotive components is projected to drive the demand for polyamide-imide resins in the APAC region.

Key players operating in the polyamide-imide resin market include Solvay (Belgium), Quadrant (US), Toyobo (Japan), Ensinger (Germany), Innotek Technology (China), and Kermel (France).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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