The North America Polyamide-imide Market would witness market growth of 6.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 41,092.6 Tonnes, showcasing a growth of 5.9% (2019-2022).
Combining the properties of polyamides (nylons) and polyimides, PAI is a high-performance synthetic polymer. It has exceptional thermal resistance, mechanical strength, resistance to chemicals, and electrical insulation properties. Due to these characteristics, PAI is preferred in multiple industries, such as automotive, aerospace, electronics, and oil and gas. The market is expected to be propelled over the forecast period by the rising demand for high-temperature thermoplastics in the automotive and aerospace industries.
Molding polymers, coating, films, adhesives, and fibers are available as product grades in the industry. PAI has acquired importance in applications involving molding resin and fibers. This is due to its enhanced thermal resistance of up to 270 degrees Celsius. Long-term stability and chemical resistance to conventional solvents, lubricants, fuels, and acids have contributed to the widespread adoption of PAI-finished products in the aerospace and automotive sectors.
The aerospace industry in North America has been a significant consumer of PAI due to its high-temperature resistance, mechanical strength, and lightweight properties. PAI is used in various aerospace components, including engine parts, airframe components, electrical connectors, and insulation materials. The presence of suppliers and manufacturers with expertise in producing PAI components in North America has supporting PAI adoption in various industries. As the aerospace industry in Canada continues to grow and export aircraft to global industry, the need for high-performance materials such as PAI is expected to increase. The aspects mentioned above will boost the market growth in this region.
The US region dominated the North America Polyamide-imide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $216,825 Thousand by 2030. The Canada region is experiencing a CAGR of 9% during (2023 - 2030). Additionally, The Mexico region would exhibit a CAGR of 8.1% during (2023 - 2030).
Based on Application, the market is segmented into Molding Resins, Wire Enamels, Coating, Fiber, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Polyamide-imide Market is Predict to reach $1.1 Billion by 2030, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Solvay SA, Swicofil AG, Kermel, Toyobo Co., Ltd., LG Innotek Co Ltd (LG Display), Fujifilm Holdings Corporation, Huntsman Corporation, Ensinger GmbH, Hitachi, Ltd. and Mitsubishi Chemical Holdings Corporation.
By Application (Volume, Tonnes, USD Million, 2019-30)
By Country (Volume, Kilo Tonnes, USD Million, 2019-30)
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