This strategic assessment report, provides a comprehensive analysis that reflects today’s PAI resin market realities and future market possibilities for the forecast period of 2021 to 2026. After a continuous interest in the reports on High-Performance Thermoplastic Composites, Thermoplastic Prepreg, and High-Temperature Composite Resins, the publisher has accentuated their research scope on the PAI resin market. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for PAI resins at the global, regional, as well as country level. Also, the report provides a possible loss that the industry will endure by comparing pre-COVID and post-COVID scenarios. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulate growth strategies.
PAI Resin Market: Highlights
PAI resin is the high-performing melt-processable amorphous thermoplastic that offers exceptional mechanical and chemical properties at continuously elevated temperatures of as high as 500o F. The resin is generally polymerized either with aromatic diamine and aromatic acid chloride anhydride (acid chloride route) or with aromatic diisocyanate and anhydride (Diisocyanate route). Currently, PAI resins account for less than 5% (volume basis) of the total high-performance thermoplastics market and less than 1% of the overall thermoplastics market.
At present, the market for high-performance resins along with PAI resin is into the lethal grip of the pandemic, severely affecting the growth of almost all the end-use industries, especially automotive and aerospace. The PAI resin market growth is highly subjected to the organic growth of the automotive, electrical & electronics, and aerospace industries. The demand for PAI resin is likely to plunge by more than 15% in 2020 (YoY) in the wake of the COVID-19 pandemic, crushing the market to the below 2015-level. Most of this decline is likely to be caused by a huge decline in the demand for PAI resins automotive, aerospace, and oil & gas industries which are the worst-affected industries by the pandemic.
On a pre-COVID scenario, the PAI resin market was likely to create a healthy growth opportunity across industry verticals; however, the widespread of COVID-19 across the world has shattered the market hopes in an unprecedented manner. After logging a massive plunge in the demand for PAI resins in the short-term, the market is estimated to rebound quickly, well supported by strong industry fundamentals. An expected recovery in automotive and aircraft production; increasing semiconductor and PCBs market; superior benefits of PAI such as high strength at elevated temperatures, exceptional creep, wear, and chemical resistance over competing thermoplastics and metals; and increasing penetration of high-performance thermoplastics including PAI resin are some key factors that may help to bring back the market charm in the long-term scenario.
The publisher has firstly segmented the PAI resin market based on the product type as molding resin and coating/binder. Molding resin is further segmented into grade type as high-strength PAI and wear-resistant PAI. Concurrently, the molding resin is also broken into process type as extrusion, injection molding, and compression molding. Molding resins lead the total market with a mammoth share. Wear-resistant PAI resin captures a large chunk of the pie. Coating/binder resins typically have solvent content and are formulated into liquid thermoset resin form, being used extensively in electrical & electronics; cookware and home appliances coatings; and to some extent on automotive and industrial coatings or binder applications.
Based on the end-use industry type, the PAI Resin market is segmented as aerospace, electrical & electronics, automotive, industrial, and others. Automotive is estimated to remain the leading consumer of PAI resins in the years to come. Transmission and under-the-hood areas are of key application areas of PAI resins with some key applications such as piston seals, wear pads, thrust washers, engine cams, bearings, and seals. An expected recovery in automotive production in the post-pandemic market developments coupled with increased penetration of high-performance resins are estimated to resuscitate the demand for PAI resins in the coming years.
Based on the filler type, the market is segmented as graphite-filled PAI, glass-filled PAI, carbon-filled PAI, and others. Graphite-filled PAI is likely to maintain its dominance during the forecast period. Graphite-filled PAI resin is gaining momentum in wear-prone automotive applications. Glass-filled and carbon-filled PAI are preferably used in high-strength and high-performance applications, such as the aerospace industry.
In terms of regions, North America is estimated to maintain its irrefutable lead in the global PAI resin market over the next five years. The region has the highest penetration of high-performance thermoplastics including PAI resins. The USA is the powerhouse of the market in the region. Asia-Pacific is the largest market for engineered or standard thermoplastics but has a low penetration of high-performance thermoplastics. The emergence of well-known molders for PAI resins in the region is likely to spur the growth of the region’s market in the foreseen future.
The supply chain of this market comprises raw material suppliers, PAI resin manufacturers, semi-finished part manufacturers, finished part manufacturers, and OEMs. The key players in the PAI resin are Solvay S.A., Toray Industries, Inc., Allnex Netherlands B.V., Toyobo Co Ltd., Elantas, Huntsman Corporation, Innotek Technology Limited, and SHOWA DENKO K.K.
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with the publisher’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. About 15 detailed primary interviews with the market players across the value chain in all major regions and industry experts have been executed to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
The following are the key features of the report:
The PAI resin market is segmented into the following categories:
PAI Resin Market, By Product Type
PAI Resin Market, By End-Use Industry Type
PAI Resin Market, By Filler Type
PAI Resin Market, By Region
PAI Resin Market: Highlights
PAI resin is the high-performing melt-processable amorphous thermoplastic that offers exceptional mechanical and chemical properties at continuously elevated temperatures of as high as 500o F. The resin is generally polymerized either with aromatic diamine and aromatic acid chloride anhydride (acid chloride route) or with aromatic diisocyanate and anhydride (Diisocyanate route). Currently, PAI resins account for less than 5% (volume basis) of the total high-performance thermoplastics market and less than 1% of the overall thermoplastics market.
At present, the market for high-performance resins along with PAI resin is into the lethal grip of the pandemic, severely affecting the growth of almost all the end-use industries, especially automotive and aerospace. The PAI resin market growth is highly subjected to the organic growth of the automotive, electrical & electronics, and aerospace industries. The demand for PAI resin is likely to plunge by more than 15% in 2020 (YoY) in the wake of the COVID-19 pandemic, crushing the market to the below 2015-level. Most of this decline is likely to be caused by a huge decline in the demand for PAI resins automotive, aerospace, and oil & gas industries which are the worst-affected industries by the pandemic.
On a pre-COVID scenario, the PAI resin market was likely to create a healthy growth opportunity across industry verticals; however, the widespread of COVID-19 across the world has shattered the market hopes in an unprecedented manner. After logging a massive plunge in the demand for PAI resins in the short-term, the market is estimated to rebound quickly, well supported by strong industry fundamentals. An expected recovery in automotive and aircraft production; increasing semiconductor and PCBs market; superior benefits of PAI such as high strength at elevated temperatures, exceptional creep, wear, and chemical resistance over competing thermoplastics and metals; and increasing penetration of high-performance thermoplastics including PAI resin are some key factors that may help to bring back the market charm in the long-term scenario.
The publisher has firstly segmented the PAI resin market based on the product type as molding resin and coating/binder. Molding resin is further segmented into grade type as high-strength PAI and wear-resistant PAI. Concurrently, the molding resin is also broken into process type as extrusion, injection molding, and compression molding. Molding resins lead the total market with a mammoth share. Wear-resistant PAI resin captures a large chunk of the pie. Coating/binder resins typically have solvent content and are formulated into liquid thermoset resin form, being used extensively in electrical & electronics; cookware and home appliances coatings; and to some extent on automotive and industrial coatings or binder applications.
Based on the end-use industry type, the PAI Resin market is segmented as aerospace, electrical & electronics, automotive, industrial, and others. Automotive is estimated to remain the leading consumer of PAI resins in the years to come. Transmission and under-the-hood areas are of key application areas of PAI resins with some key applications such as piston seals, wear pads, thrust washers, engine cams, bearings, and seals. An expected recovery in automotive production in the post-pandemic market developments coupled with increased penetration of high-performance resins are estimated to resuscitate the demand for PAI resins in the coming years.
Based on the filler type, the market is segmented as graphite-filled PAI, glass-filled PAI, carbon-filled PAI, and others. Graphite-filled PAI is likely to maintain its dominance during the forecast period. Graphite-filled PAI resin is gaining momentum in wear-prone automotive applications. Glass-filled and carbon-filled PAI are preferably used in high-strength and high-performance applications, such as the aerospace industry.
In terms of regions, North America is estimated to maintain its irrefutable lead in the global PAI resin market over the next five years. The region has the highest penetration of high-performance thermoplastics including PAI resins. The USA is the powerhouse of the market in the region. Asia-Pacific is the largest market for engineered or standard thermoplastics but has a low penetration of high-performance thermoplastics. The emergence of well-known molders for PAI resins in the region is likely to spur the growth of the region’s market in the foreseen future.
The supply chain of this market comprises raw material suppliers, PAI resin manufacturers, semi-finished part manufacturers, finished part manufacturers, and OEMs. The key players in the PAI resin are Solvay S.A., Toray Industries, Inc., Allnex Netherlands B.V., Toyobo Co Ltd., Elantas, Huntsman Corporation, Innotek Technology Limited, and SHOWA DENKO K.K.
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with the publisher’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. About 15 detailed primary interviews with the market players across the value chain in all major regions and industry experts have been executed to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market forecast analysis
- Market segment forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
The PAI resin market is segmented into the following categories:
PAI Resin Market, By Product Type
- Molding Resin
- Regional Analysis: North America, Europe, Asia-Pacific, and RoW
- Grade Type: Wear-Resistant PAI and High-Strength PAI
- Process Type: Injection Molding, Extrusion, and Compression Molding
- Coating/Binder
- Regional Analysis: North America, Europe, Asia-Pacific, and RoW
- Coating/Binder (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
PAI Resin Market, By End-Use Industry Type
- Aerospace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electricals & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
PAI Resin Market, By Filler Type
- Graphite-Filled PAI (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Glass-Filled PAI (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Carbon-Filled PAI (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
PAI Resin Market, By Region
- North America (Country Analysis: The USA, and Rest of North America)
- Europe (Country Analysis: Germany, France, The UK, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America and the Middle East and Africa)
Table of Contents
- About Us
- Disclaimer
- Copyright
- Abbreviation
- Currency Exchange
Report Scope
2. PAI Resin Market Overview and Segmentation
3. PAI Resin Market – The COVID-19 Impact Assessment
4. Competitive Analysis
5. PAI Resin Market Trend and Forecast by Product Type (2015-2026)
6. PAI Resin Market Trend and Forecast by End-Use Industry Type (2015-2026)
7. PAI Resin Market Trend and Forecast by Filler Type (2015-2026)
8. PAI Resin Market Trend and Forecast by Region (2015-2026)
9. Strategic Growth Opportunities
10. Company Profile of Key Players (Profiling, Financial Information, Competition, Strategies, etc.)
Samples
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Companies Mentioned
- Allnex Netherlands B.V.
- Altana
- Huntsman Corporation
- Innotek Technology Limited
- SHOWA DENKO K.K.
- Solvay SA
- Toray Industries, Inc.
- Toyobo Co. Ltd.
Methodology
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