#Global Polyamide-imide Resin Market

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From Production Process to Industrial Applications: A Deep Dive into Epoxy Resin (2023–2034)

 Epoxy Resin, often perceived as a complex scientific compound, is surprisingly versatile, finding applications. This blog serves as your comprehensive guide to all things epoxies! In this blog we'll embark on a journey into the captivating realm of epoxy resin, dwelling into:

The Science: Unveiling the chemistry behind epoxy, we'll elucidate its remarkable properties as a potent adhesive, sealant, and casting material.

Industrial Applications: Exploring the extensive industrial uses of epoxy, we'll examine its role in constructing robust composite materials and safeguarding electrical components.

Manufacturing Process: Get super detailed information about the process that leads into the formation of this resin and gain knowledge about the feedstock used for its production.

Introduction

Epoxy Resin is a versatile synthetic polymer valued for its exceptional adhesive, mechanical, and electrical properties. Its widespread applications include serving as adhesives in construction, woodworking, and manufacturing industries due to its robust bonding capabilities and resistance to environmental factors like moisture, chemicals, and temperature fluctuations. Moreover, epoxy resin finds extensive use in coatings and sealants, providing corrosion and abrasion resistance in diverse sectors such as flooring, automotive, marine, and aerospace. It is also a crucial component in composite materials, contributing to the production of strong yet lightweight structures in aerospace, automotive, sports equipment, and construction. Additionally, its low viscosity makes it suitable for molding and casting various objects, prototypes, and architectural elements, allowing for precise reproduction of fine details in sculptures and models.

These versatile properties make epoxy resin indispensable across industries, driving innovation and enabling the creation of durable, high-performance products. Various types of epoxy resins are utilized across different sectors. These resins are Bisphenol A Based Resin, Bisphenol F Based Resin, Epoxy Phenol Novolac Based Resin, Cycloaliphatic Epoxy Based Resin, and Others. Bisphenol A Based Resin finds extensive use across diverse applications, spanning coatings, civil engineering, adhesives, electrical insulation materials, and reactive intermediates. The global Epoxy Resin market is likely to flourish at a moderate CAGR of 4.11% by the year 2034.

Manufacturing Process

Epoxy resins exhibit high viscosity levels and are typically molded. Catalysts or curing agents, such as accelerators or hardeners, can facilitate curing either through catalytic action or direct reaction with the resin. Epoxy resins are typically created through the reaction of compounds containing at least two active hydrogen atoms, including polyphenolic compounds, diamines, amino phenols, heterocyclic imides and amides, and aliphatic diols, with epichlorohydrin. The oxirane group within an epoxy monomer reacts with various curing agents such as aliphatic and aromatic amines, phenols, polyamides, amidoamines, anhydrides, thiols, and acids. These reactions lead to the formation of rigid thermosetting products through the combination with other suitable ring-opening compounds.

Epoxy resins are commonly synthesized through a reaction between epichlorohydrin (ECH) and Bisphenol-A (BPA), although alternative raw materials like Aliphatic Glycols, Phenol, And O-Cresol Novolacs. Initially, ECH and BPA are introduced into a reactor, followed by the addition of a caustic soda solution as the mixture reaches its boiling point. After unreacted ECH evaporates, the resulting phases are separated using an inert solvent such as Methyl Isobutyl Ketone (MIBK). Subsequently, the resin undergoes water washing, and solvent removal is accomplished via vacuum distillation. Producers then incorporate specific additives tailored to desired properties such as flexibility, viscosity, color, adhesiveness, and accelerated curing, depending on intended applications. These resins can be obtained in liquid or solid forms through similar processes. To transform epoxy resins into durable and rigid materials, curing with a hardener is an essential step. Primary and secondary amines are commonly employed as curing agents. 

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Applications of Epoxy Resin:

Paints & Coatings

Due to their exceptional bonding properties with metals, epoxy resins and amine curing agents exhibit outstanding anticorrosion characteristics when incorporated into coatings. When utilizing high molecular weight variants, these coatings display excellent secondary workability, rendering them ideal as PCM primers. Additionally, epoxy resins offer a diverse range of viscosities, spanning from solventless to solvent-based types, making them well-suited as ink components where viscosity attributes play a crucial role.

Adhesives

Epoxy resin is widely utilized as an adhesive due to its robust properties, particularly in structural and engineering applications. Its versatility extends across various industries, including vehicle construction, snowboard manufacturing, aircraft assembly, and bicycle production. Beyond structural uses, epoxy adhesives find application in virtually any scenario.

Electronics and Electrical Systems

Epoxy resins are integral to manufacture insulators, motors, transformers, and generators. Renowned for its exceptional insulating properties, epoxy resin provides effective safeguarding against dust, moisture, and short circuits, making it a prominent choice for circuitry production as well.

Repair Epoxy resins effectively blend with a range of materials such as latex, wood, metal, and various synthetic substances. Applying epoxy resin to delicate objects results in the formation of a thin, secure barrier that remains tightly adhered over extended periods, ensuring lasting stability and protection.

Market Outlook:

Epoxy resin, a thermosetting copolymer formed by the polymerization of epoxide and other monomers with hydroxyl groups, comprises a monomeric resin, accelerator, hardener, and plasticizer. Possessing corrosion resistance, thermal stability, mechanical strength, chemical resistance, durability, and adhesion, epoxy resins are utilized in paints, coatings, adhesives, composites, and electronic encapsulation across various sectors. Their applications span building and construction, automotive, industrial, and consumer goods and are likely to foster market growth. The global Epoxy Resin market is anticipated to reach approximately 6.2 million tonnes by 2034.

Epoxy Resin Major Manufacturers

Significant companies in the Global Epoxy Resin market are Olin Coporation, Huntsman Corporation, Nan Ya Plastics Co Ltd, Jiangsu Sanmu Group, Hexion Inc., Kumho P&B Chemicals, Nantong Xincheng Synthetic Material Co Ltd, Zhuhai Hongchang Electronic Material Co Ltd, Jiangsu Yangnong Kumho Chemical Co., Ltd., Kukdo Chemical Co., Ltd., Sinopec Baling Petrochemical Co., Ltd, and Others.

Challenges and Opportunities

The epoxy resin market faces several challenges, including environmental concerns regarding the production and disposal of epoxy resins, particularly due to the presence of harmful chemicals and potential emissions during manufacturing processes. Additionally, fluctuating raw material prices, such as those for bisphenol-A (BPA) and epichlorohydrin, can impact production costs and profit margins for epoxy resin manufacturers. Moreover, increasing regulatory scrutiny and stringent environmental regulations may require epoxy resin producers to invest in sustainable manufacturing practices and develop eco-friendly alternatives, which could pose challenges in terms of research and development costs and market adoption. Furthermore, competition from alternative materials and substitutes, such as bio-based resins and advanced polymers, presents a challenge for the epoxy resin market, necessitating innovation and differentiation to maintain market share and competitiveness.

Conclusion:

In conclusion, the Epoxy Resin market is poised for continued growth and evolution despite facing various challenges. PVC remains a widely used and versatile material with applications spanning across multiple industries, including construction, automotive, healthcare, and packaging. Epoxy resins have several key properties: high strength, minimal shrinkage, superb adhesion to diverse substrates, effective electrical insulation, resilience against chemicals and solvents, and affordability.

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Ongoing replacement of conventional materials from polyamide-imide along with the rising industrialization across developing countries will proliferate the...

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Polyamide-Imide Resins Market - Forecast (2023 - 2028)

The Polyamide-Imide Resins Market size is estimated to grow at a CAGR of 5.7% during the forecast period 2022-2027 and reach US$782.4 million by 2027. Polyamide-imides are thermoplastic amorphous polymers derived from the condensation of an aromatic diamine such as methylene diamine along with an anhydride such as trimellitic acid chloride. They are primarily used in different industries including automotive, aerospace, electrical & electronics and others. The expansion of the polyamide-imide resins market is primarily driven by their usage in the automotive industry. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total global automobile production reached 80.2 billion units in 2021, an increase of 3% as compared to 77.7 billion units in 2020. In 2020, the surge in the COVID-19 pandemic negatively impacted automotive production activities, thus, temporarily affecting the growth of the polyamide-imide resins industry. However, a steady recovery in automotive production activities has been witnessed since 2021, which in turn, is driving the market growth. The growth of the automotive and electrical & electronics industries is also expected to drive the growth of the Polyamide-Imide Resins market size in the upcoming years. 

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Polyamide-imide (PAI) Resin Market 2023 Business Scenario

Stratview Research delivers key insights on the global Polyamide-imide (PAI) Resin Market.

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.

Get a free sample report here:

Market Insights

The Polyamide-imide (PAI) Resin Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.

Profiling Key Companies –

Solvay S.A.

Toray Industries, Inc.

Allnex Netherlands B.V.

Toyobo Co Ltd.

Elantas

Huntsman Corporation

Innotek Technology Limited

SHOWA DENKO K.K.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Polyamide-imide (PAI) Resin Market value and growth drivers over the trend period of 2022-27. According to the report -

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.

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.

Segment Analysis:

Based on Product Type:

Stratview Research 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 Region:

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.

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Covid Impact

This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.

Appropriate market trend and forecast analysis.

All-inclusive report

Decent price-performance ratio

Reliable data

Attractive market segments and associated growth opportunities.

Custom Research:

Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our experts at +1-313-307-4176.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:- Stratview Research is a global market intelligence and consulting organization that provides market research reports, customized reports, and consulting services. We are also committed to playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Get in touch with us at: ( https://www.stratviewresearch.com/contact )

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Global Polyamide-imide Resin Market

The report forecast global Polyamide-imide Resin market to grow to reach xxx Million USD in 2019 with a CAGR of xx% during the period 2020-2025 due to coronavirus situation. The report offers detailed coverage of Polyamide-imide Resin industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Polyamide-imide Resin by geography. The report splits the market size, by volume and value, on the basis of application type and geography. First, this report covers the present status and the future prospects of the global Polyamide-imide Resin market for 2015-2024. And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru]. At the same time, we classify Polyamide-imide Resin according to the type, application by geography. More importantly, the report includes major countries market based on the type and application. Finally, the report provides detailed profile and data information analysis of leading Polyamide-imide Resin company.

Key Content of Chapters as follows (Including and can be customized) : Part 1: Market Overview, Development, and Segment by Type, Application & Region Part 2: Company information, Sales, Cost, Margin etc. Part 3: Global Market by company, Type, Application & Geography Part 4: Asia-Pacific Market by Type, Application & Geography Part 5: Europe Market by Type, Application & Geography Part 6: North America Market by Type, Application & Geography Part 7: South America Market by Type, Application & Geography Part 8: Middle East & Africa Market by Type, Application & Geography Part 9: Market Features Part 10: Investment Opportunity Part 11: Conclusion

Market Segment as follows: By Region Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia] Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America[United States, Canada, Mexico] Middle East & Africa[GCC, North Africa, South Africa] South America[Brazil, Argentina, Columbia, Chile, Peru] Key Companies Solvay Toyobo Elantas Mitsubishi Shoji Axalta Coating System Market by Type Acid Chloride Route Diisocyanate Route Others Market by Application Architectural Automotive Food Packaging Industrial Marine Others

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Increase in Demand for High Performance Coatings Expected to Drive Global Polyamide-imide Resin Market: Ken Research Buy Now Polyamide-imides are amorphous polymers having significant chemical, mechanical and thermal-resistant properties. The Polyamide-imides are prepared by anhydride condensation, such as trimellitic acid chloride, and aromatic diamine, such as methylenediamine.

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Global Polyamide Imide Resin Market is anticipated to generate USD 750 Million witnessing a CAGR of 7% by 2024 | TechSci Research

Global Polyamide imide Resin market is anticipated to reach USD 750 Million by 2024, growing at a CAGR of over 7% during the forecast period, due to excellent wear resistance, high thermal stability, and exceptional mechanical strength. However, low cost of the conventional plastics and competition from hybrid polymers and plastics are acting as challenges for the growth of the market.

Based on the type, the market has been bifurcated into Unfilled, Glass Filled, Carbon Filled, and Others. Owing to the features, such as remarkable weather and gamma rays’ radiation resistant and superb bearing capacity, glass filled segment is anticipated to grow at the highest CAGR during the forecast period.

Electrical & Electronics segment to grow at the highest CAGR during the forecast period

Global Polyamide imide Resin market : Based on the end user industry, the market has been segmented into Automotive, Aerospace, Electrical & Electronics, Oil & Gas, and Others. The electrical and electronics segment is projected to acquire the major share during the forecast period owing to the rising demand to produce electronic products.

Geographically, the market has been segmented into Asia Pacific, North America, South America, Middle East & Africa and Europe. Asia Pacific, followed by Europe, is anticipated to grow at the highest CAGR during the forecast period due to the increased investment in the electrical and electronics industry and growing demand in end user industries.

Some of the leading players in the Global Polyamide-imide Resin Market are Solvay SA, Toyobo Co. Ltd., Elantas, Mitsubishi Shoji, Axalta Coating Systems, LLC, Shanghai Songhan Plastics Technology Co., Ltd, Fujifilm Holdings Corporation, Ensinger GmbH, Innotek Technology, Kermel S.A., etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration solution providers across the globe.

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TechSci Research calculated the market size of Global Polyamide-imide Resin Market using a bottom-up approach, where data for various application across various technology were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Global Polyamide-imide Resin Market

Global Polyamide-imide Resin Market was valued US$ 489.6 Mn in 2018 and is expected to reach US$ 785.6 Mn by 2026, at CAGR of 6.09% during forecast period.

High demand for polyamide-imide resins from various end-use industries and superior properties of polyamide-imide resins are key factors driving the development of the global polyamide-imide resin market. The expansion of end-use industries, like automotive, aerospace, electrical & electronics, and oil & gas, is another significant factor estimated to hold the largest market share during the forecast period of development the global polyamide-imide resin market.

The hybrid knowledge is being used to manufacture conventional and engineering plastics to match the possessions of polyamide-imides. Conservative and engineering plastics are comparatively cheaper than polyamide-imides because of the easy availability of raw materials and lower processing cost. The hybrid knowledge unites the properties of two materials, with the combined effect being greater than the sum of the individual parts.

Based on the type segment, the glass-filled segment of the global polyamide-imide resin market is estimated to grow at the highest CAGR during the forecast period. The addition of glass fiber to the global polyamide-imide resins market helps in expanding the flexural modulus of global polyamide-imide market resins while reducing their rate of expansion. This, in turn, is estimated to drive the development of the market for glass-filled global polyamide-imide resins market.

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

In terms of region, APAC accounted for the largest share of the global polyamide-imide resin market. The development of the polyamide-imide resin market in APAC can be attributed to the increasing demand for vehicles, rising innovations in the aerospace industry, and growing requests for consumer electronics. In addition, increased investments in the electrical & electronics industry are also projected to influence the development of the global polyamide-imide resin market in APAC.

The report offers company market share analysis in order to give a broader overview of the key players in the market. The account also protections key planned developments of the market including achievements & mergers, partnerships, agreements collaborations & joint ventures, Type, research & development, and regional development of major members involved in the market on a global and regional basis. Furthermore, the study covers price trend analysis, and Type portfolio of various companies according to the region.

The objective of the report is to present a comprehensive assessment of the market and contains thought full insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the Global Polyamide-imide Resin Market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by Type , price, financial position, Type portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Polyamide-imide Resin Market.

Scope of Global Polyamide-imide Resin Market:

Global Polyamide-imide Resin Market, By Type

• Unfilled

• Glass Filled

• Carbon Filled

• Others

Global Polyamide-imide Resin Market, By End-Use Industry

• Automotive

• Aerospace

• Electrical & Electronics

• Oil & Gas

• Others

Global Polyamide-imide Resin Market, By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

Key Players Operated in Market Include:

• Solvay

• Quadrant

• Ensinger

• Innotek Technology

• Kermel.

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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" 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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Ongoing replacement of conventional materials from polyamide-imide along with the rising industrialization across developing countries will proliferate the...