APAC To Drive Global Polyamide-Imide Resins Market At 4.32% CAGR

APAC to drive global Polyamide-Imide resins market at 4.32% CAGR

05-Jan-17

With rising applications of the polyamide-imide resins market like automotive, food packaging, industrial and paper and pulp, architectural, the manufacturers of polyamide are aiming at transforming polyamide-imide resin material into coatings, adhesives, compression molded parts, and have been successful to a great extent. Over the years, the Polyamide-imide Resins Market has been able to process polyamide plastic and other polyamide material into a great variety of forms. The products made from manipulation of polyamide material can be further enhanced by making them undergo a process of thermal cure. Among all the major end use industries, the wire enamel coating is used extensively in the architectural industry. Polyamide - imide are basically thermoplastics that have high mechanical and physical properties and also has high chemical resistance. These compounds are used mainly in industries that need extra strength for their end – products. Carbon reinforced polyamide – imide has replaced steel and aluminum based products and this has in turn acts as a major trend towards metal replacement.

The growing demand for polymers with enhanced physical and chemical properties is set to drive the market for the resin. As per Industry Arc, polyamide – imide resin is expected to grow at a CAGR of 4.32% during the period of 2016 – 2021. The Diisocyanate route of preparation is expected to hold the largest market share while exhibiting the market growth of 7.8% CAGR according to predictions during 2016-2021. Acid Chloride route follows next in the list with expected CAGR of 4% CAGR in the coming 5-6 years of forecast period.
The market has witnessed Asia-Pacific dominating the production levels which stood at 16 kilotons in 2015. Asia-Pacific is followed by North America while Europe has been predicted to be the slowest growing region till 2021.