Polyamideimide Fibers Market PPT

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2. POLYAMIDEIMIDE FIBERS MARKET ANALYSIS • Polyamideimide Fibers Market - Size, Share, Trends, and Forecast 2019 – 2027.

3. Polyamideimide fibers are a class of strong and heat-resistant synthetic fibers that are produced by polycondensation of diisocyanate. These fibers are thermosetting or thermoplastic polymers with excellent thermal, mechanical, and chemical resistance properties. Polyamideimide fibers feature properties of both polyimides and polyamides. Furthermore, polyamideimide fibers are non-flammable, owing to the aromatic structure and higher double bonds. They also offer resistance to fiber and abrasion. Moreover, they have lower thermal conductivity compared to other aramid fibers. Polyamideimide fibers find applications in chemical plants where there is a regular chemical spill. As they offer excellent resistance against heat, they will not melt and form molten droplets. Polyamideimide fibers are majorly used in protective clothing such as flight suits, heat resistant safety gloves, firefighting uniforms, tank crew coveralls, and industrial work-wear in hazardous industry.

4. Market Outlook Global polyamideimide fibers market size is expected to increase significantly, owing to increasing demand for polyamideimide fibers in various industries during the forecast period (2019-2027). Growing use of polyamideimide fibers in the molding and coating industry is expected to increase the demand for polyamideimide fibers and subsequently drive the market growth. Polyamideimide fibers used in powdered form in coatings industry. Moreover, polyamideimide fibers is used in enamel paints such as magnetic enamels, wire enamels. Polyamideimide fibers enamels have thermal stability and offer chemical and heat resistance. Such high use of polyamideimide fibers in the coatings industry is expected to propel growth of the market. Furthermore, polyamideimide fibers are used in electronics industry in manufacturing of semiconductors and electric motor components. Increasing demand for electric motors and semiconductors around the world is expected to boost the market growth in the near future. Moreover, polyamideimide fibers find applications in gas separation industry, as they are used in membrane separation technology, owing to high resistance to temperature. This is expected to increase the demand for polyamideimide fibers and hence, support the market growth during the forecast period. However, stringent environment regulations and higher prices of polyamideimide fibers are expected to restrain growth of the global polyamideimide fibers market during the forecast period.

5. Market Regional Analysis Asia Pacific is expected to hold a significant share in the global polyamideimide fibers market, owing to increasing demand from the coatings and moldings industry. There is a high demand for polyamideimide fibers in emerging economies such as India and China, which is expected to support the market growth. North America is expected to a significant share in the market following Asia Pacific, owing to increasing demand from electronics, aerospace, and coatings industry. Moreover, Russia and Central Europe are expected to show significant growth for the market, owing to increasing demand for polyamideimide fibers. Market Players Key players operating in the global polyamideimide fibers market include Solvay S.A. and Swicofil.

6. Key Developments:- • In August 2019, Domo Chemicals, a manufacturer of engineering materials and sustainable plastics solutions provider entered into an agreement with Solvay to acquire its performance polyamides business in Europe which is valued at US$ 330.43 million, The acquisition includes the purchase of engineering plastics operations in France and Poland, high performance fibers in France, and polymer and intermediates operations in France, Spain and Poland. • In July 2012, AXA Private Equity, a Europe’s private equity firm financed the QualiumInvestissement to acquire Kermel, a manufacturer of fire resistant polyamide-imide (PAI) fibers for textile, technical and industrial applications from Equistone Partners Europe. This financing by AXA Private Equity aimed to provide an indirect opportunity for Kermel to strengthen its position in the global market. • In March 2017, Solvay, a supplier of specialty polymers announced that its high-performance Torlon polyamide-imide (PAI) will be used by Performance Plastics Ltd, an injection molder of engineered components to develop its new line of EnduroSharp Scraper Blades for aerospace maintenance applications.

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