The Latin America, Middle East and Africa Polyamide-imide Market would witness market growth of 9.3% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 16,102.9 Tonnes, showcasing a growth of 9.3% (2023-2030).
PAI is categorized as other amorphous high-temperature plastics, such as polyether ketone and polyphenylene sulfide, that can be extruded, molded, and processed to produce applications with high tolerance. The application is available in injection-molded, fiber, and particle forms. Enhanced electrical insulating properties have increased demand for its use in producing components and materials for electrical and electronic equipment, protective garments, and bearings. Major end-use sectors such as automotive, aerospace, energy & power are replacing metallic seals and bearings in their compressors and engines. Steel cages, bronze bushings, hardened steel balls, nylon, aluminum, and ceramic-coated steel can be supplanted with PAI.
In the coming years, the polyamide-imide market will be expanded by the rising use of lightweight polymers as steel and aluminum substitutes to increase fuel efficiency. PAI plastics are widely favored over steel and aluminum due to their superior impact resistance, simple moldability, enhanced aesthetics, scratch resistance, vibration, noise control, and lightweight. In addition, the expanding use of plastics in conjunction with metals, industrial apparatus, and process equipment provides ample opportunities for PAI plastics.
The LAMEA region has witnessed development in various industries, including automotive, aerospace, oil and gas, and electronics. These industries have been exploring advanced materials like PAI for their high-performance applications. PAI is used in components like engine parts, transmission systems, and electrical connectors, contributing to developing high-performance vehicles. As the electric vehicle sector continues to grow in Saudi Arabia and adapt to changing consumer preferences, technology advancements, and environmental considerations, the demand for advanced materials like PAI is expected to increase. The aspects mentioned above will expand the market growth in this region.
The Brazil region dominated the LAMEA Polyamide-imide Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $23,779.1 Thousand by 2030. The Argentina region is showcasing a CAGR of 9.9% during (2023 - 2030). Additionally, The UAE region would register a CAGR of 9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
PAI is categorized as other amorphous high-temperature plastics, such as polyether ketone and polyphenylene sulfide, that can be extruded, molded, and processed to produce applications with high tolerance. The application is available in injection-molded, fiber, and particle forms. Enhanced electrical insulating properties have increased demand for its use in producing components and materials for electrical and electronic equipment, protective garments, and bearings. Major end-use sectors such as automotive, aerospace, energy & power are replacing metallic seals and bearings in their compressors and engines. Steel cages, bronze bushings, hardened steel balls, nylon, aluminum, and ceramic-coated steel can be supplanted with PAI.
In the coming years, the polyamide-imide market will be expanded by the rising use of lightweight polymers as steel and aluminum substitutes to increase fuel efficiency. PAI plastics are widely favored over steel and aluminum due to their superior impact resistance, simple moldability, enhanced aesthetics, scratch resistance, vibration, noise control, and lightweight. In addition, the expanding use of plastics in conjunction with metals, industrial apparatus, and process equipment provides ample opportunities for PAI plastics.
The LAMEA region has witnessed development in various industries, including automotive, aerospace, oil and gas, and electronics. These industries have been exploring advanced materials like PAI for their high-performance applications. PAI is used in components like engine parts, transmission systems, and electrical connectors, contributing to developing high-performance vehicles. As the electric vehicle sector continues to grow in Saudi Arabia and adapt to changing consumer preferences, technology advancements, and environmental considerations, the demand for advanced materials like PAI is expected to increase. The aspects mentioned above will expand the market growth in this region.
The Brazil region dominated the LAMEA Polyamide-imide Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $23,779.1 Thousand by 2030. The Argentina region is showcasing a CAGR of 9.9% during (2023 - 2030). Additionally, The UAE region would register a CAGR of 9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
By Application (Volume, Tonnes, USD Million, 2019-30)- Molding Resins
- Wire Enamels
- Coating
- Fiber
- Others
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Solvay SA
- Swicofil AG
- Kermel
- Toyobo Co., Ltd.
- LG Innotek Co Ltd (LG Display)
- Fujifilm Holdings Corporation
- Huntsman Corporation
- Ensinger GmbH
- Hitachi, Ltd.
- Mitsubishi Chemical Holdings Corporation
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Polyamide-imide Market by Application
Chapter 5. LAMEA Polyamide-imide Market by Country
Chapter 6. Company Profiles
Companies Mentioned
- Solvay SA
- Swicofil AG
- Kermel
- Toyobo Co., Ltd.
- LG Innotek Co Ltd (LG Display)
- Fujifilm Holdings Corporation
- Huntsman Corporation
- Ensinger GmbH
- Hitachi, Ltd.
- Mitsubishi Chemical Holdings Corporation
Methodology
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