- In July 2023, Arkema announced the acquisition of a controlling stake in PI Advanced Materials (PIAM), a South Korean company specializing in the production of polyimide film, for a value of USD 792.41 million. This strategic acquisition strengthens Arkema's position in the high-performance materials sector, aligning with the growing demand for advanced materials such as polyamide-imide resins, which are critical in applications across aerospace, automotive, and electronics industries
- In August 2023, Evonik announced the acquisition of the Porocel Group for USD 210 million. This strategic acquisition enhances Evonik’s portfolio in the area of specialty materials and catalytic solutions, reinforcing its position in high-performance markets. The integration of Porocel’s advanced technologies is particularly relevant to the global polyamide-imide resin market, as it supports Evonik's efforts to improve production processes and expand its capabilities in providing high-performance resins used in critical applications, including aerospace, automotive, and electronics
- In April 2023, Envalior was established as a new entity, combining DSM Engineering Materials (DEM) and LANXESS High Performance Materials (HPM), two leading global providers of engineering materials. The newly formed company is majority-owned by Advent International, a global private equity firm with a 60% share, while LANXESS holds a 40% stake as a specialty chemicals manufacturer. This merger creates a powerful player in the engineering materials sector, which is highly relevant to the global polyamide-imide resin market
- In February 2023, Asahi Kasei's Board of Directors approved a final agreement regarding the transfer of its business related to the development, production, and sale of spun-bond nonwoven products to a newly formed joint venture. This joint venture, created through a company separation process with Mitsui Chemicals, Inc., is set to be established on October 2, 2023. The partnership aims to strengthen both companies' spunbond business in Asia, focusing on expanding their market presence and capabilities in the region. This strategic move is relevant to the global polyamide-imide resin market, as both Asahi Kasei and Mitsui Chemicals are key players in the materials sector
- In January 2023, Toray Industries, Inc. introduced Ecouse AMILAN, a recycled nylon 66 material derived from leftover silicone-coated airbag fabric. This innovative product maintains the same mechanical and flowability characteristics as virgin nylon 66 injection molding grades, providing a sustainable alternative without compromising performance. The introduction of Ecouse AMILAN is particularly relevant to the global polyamide-imide resin market, as it aligns with the growing demand for environmentally friendly, high-performance materials in industries such as automotive and electronics
