Solvay (Belgium ) and Quadrant (US) are the Major Players in the Polyamide-imide Resin Market
The polyamide-imide resin market is estimated to be USD 501.7 million in 2017 and is projected to reach USD 687.1 million by 2022, at a CAGR of 6.5% between 2017 and 2022. Polyamide-imide resins exhibit greater compressive strength and higher impact resistance as compared to engineering plastics. Some of the key properties of polyamide-imide resins include excellent resistance to wear, extremely low coefficient of thermal expansion, excellent heat resistance, and good chemical resistance to acids, alcohols, automotive fuels, and oils and halogenated solvents. The increase in demand for polyamide-imide resins from various end-use industries, superior properties of polyamide-imide resins, and replacement of conventional materials by polyamide-imide resins are key factors driving the growth of the polyamide-imide resin market.
Major players operating in the polyamide-imide resin market include Solvay (Belgium ), Quadrant (US), Toyobo (Japan), Ensinger (Germany), Innotek Technology (China), and Kermel (France).
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Solvay is one of the leading manufacturers of polyamide-imide resins, globally. The company offers polyamide-imide resins under the brand, Torlon, through its specialty polymers business segment. In March 2017, Solvay innovated a new line of EnduroSharp scrapper blades for aerospace applications. These blades have high strength and stiffness, sharp edges, and high resistance to heat, wear, and chemicals. This new product strategy helped the company enhance its existing line of products and widen its customer base in the aerospace industry.
Quadrant is a key manufacturer of high-performance thermoplastics materials. The company offers semi-finished products and finished parts to industries, such as aerospace & defense, automotive, building & construction, and medical & life science. It operates through 4 business segments, namely, engineering plastics, technical injection molding, thermoplastics composites, and pipes. The company offers polyamide-imide resins under the brand, Duratron, through its engineering plastics business segment.
Toyobo is a Japanese company that operates through 4 business segments, namely, films & functional polymers, industrial materials, healthcare, and textiles. The company offers polyamide-imide resins under the brand name, VYLOMAX, through its films & functional polymers business segment. Under the films & functional polymers business segment, the company also offers industrial films, packaging films, functional polymers, and other products.
Related Reports:
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
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