Polyamide-imide Resin Market is Growing Faster than Expected


Posted October 23, 2018 by armaan007

Polyamide-imide Resin Market expected to reach USD 687.1 Million by 2022, at a CAGR of 6.5%, over 2017–2022

 
The report [100 pages] "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" published by MarketsandMarkets™, the 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.

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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.

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.

Major companies profiled in this market research report include Solvay (Belgium), Quadrant (US), Toyobo (Japan), Ensinger (Germany), Innotek Technology (China), and Kermel (France). These companies are engaged in R&D activities to innovate and develop products to enhance their presence in the polyamide-imide resin market.

Early buyers will receive 10% customization on this report.

For more details: https://www.prnewswire.com/news-releases/polyamide-imide-resin-market-worth-687-1-million-usd-by-2022-850001734.html

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Issued By Marketsandmarkets
Country India
Categories Aerospace , Industry , Marketing
Tags polyamideimide resin , polyamideimide resin enduser , polyamideimide resin manufacturers , polyamideimide resin market , polyamideimide resin type
Last Updated October 23, 2018