The report titled 'Global Polyphthalamide Market - Growth, Share, Opportunities, and Competitive Analysis, 2022-2032' offers strategic visions into the global polyphthalamide market along with the market size (Revenue - US$ Bn and Volume - Kilo Ton) and estimates for the duration 2022 to 2032.
The said research study covers in-depth analysis of multiple market segments based on type, filling, end-user and study across different topographies. The report is also inclusive of competitive profiling of the leading polyphthalamide vendors, and latest developments. Polyphthalamide (PPA) is an aromatic, semi-crystalline polyamide. When compared to its traditional Nylon, polyphthalamide is stronger, less sensitive to moisture, stiffer and has high thermal capabilities. The compound also has significant creep resistance and chemical fatigue. PPA finds application in wide range of industries owing to its superior thermal, physical and electrical properties.
The resins based on PPA are molded into different parts in order to replace metals in applications where high temperature resistance is required. The specific applications include housing for high temperature electrical connectors, automotive powertrain components, and others. Other applications include fuel lines, metal replacement, LED headlights, catheter tubes, gas pipes, wire casings, hairbrush and toothbrush bristles, electrical insulation, sporting goods, switches, automotive motor bobbin parts, pump wear rings, fuel line connectors, coolant pumps, fuel modules, bearing pads and bushings.
The global polyphthalamide market was valued at US$ 725.4 Bn in 2017 and is expected to expand at a CAGR of 5.8% from 2018 to 2024. The key factor driving growth of the global polyphthalamide market is the rising demand for polyphthalamide from the automotive applications. The rapidly evolving and expanding automotive segment coupled with the rising production of light weight vehicles has created significant demand for PPA globally. Another key factor driving the market is the demand from electrical & electronics industry.
Moreover, in many applications PPA is being utilized as a replacement material for metal. On the contrary, volatility in raw material prices and high of polyphthalamide is one of the key challenges restraining the market growth. Furthermore, limited life of product and environmental regulations are also having moderate impact on the market growth. In the coming years, rising usage of bio-polyphthalamide, and demand from personal care and medical industries is expected to offer potential growth opportunities.
The global polyphthalamide market has been segmented based on type, filling, end-user, and geography. Based on types, the global polyphthalamide market has been segmented into amorphous and semi-crystalline PPA. Based on filling, the global polyphthalamide market has been segmented into carbon fiber, glass fiber filled, mineral fiber, and unfilled. The various end-users of the polyphthalamide market are automotive, electrical & electronics, industrial, oil & gas, healthcare, personal care, and others. Among the various end-users, automotive accounted for the largest share of the market owing to the use of polyphthalamide as an additive in various food products. This segment is further expected to remain dominant in the near future expanding at a CAGR of 6.2% from 2018 to 2024. The market for polyphthalamide in electronic industry is also expected to showcase high growth thereby boosting the demand for polyphthalamide over the forecast period from 2022 to 2032. Based on geography, the global polyphthalamide market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America comprises U.S., Canada, and Mexico whereas Europe would primarily cover Germany, France, UK, Italy, and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. In Latin America, Brazil, Argentina, and Rest of Latin America are the key segments whereas in Middle East & Africa, South Africa and Rest of MEA are the key segments covered in the report. Asia Pacific accounted for the largest share in the global polyphthalamide market; it is further projected to dominate the global market by 2024. North America accounted for the second largest market share and is projected to grow at significant pace owing to rising demand from emerging sectors such as personal care in this region. The global polyphthalamide market is moderately fragmented with a number of manufacturers having good hold on the global market.
Some of the key manufacturers of polyphthalamide in the global market include Arkema, Evonik, Sabic, BASF SE, DSM, Dupont, Solvay, EMS-Chemie, Mitsui Chemicals, AKRO-Plastic, Celanese Corporation, and Clariant among others.
InsightSLICE adopts a research methodology which is highly meticulous and comprehensive, yielding accurate research results. Our research methodology utilizes data triangulation model which helps in the precise collection and validation of information. Our set processes for problem solving and paid primary tools guarantee that any client requirement is met with utmost diligence and accuracy. Some of the primary components that are consequential to our research approach are:
Secondary Research or Desk Research
Distinctive Data Model
Secondary Sources include but are not limited to:
Past Published Research
Historical Data and Information
Primary Sources include but are not limited to:
InsightSLICE also leverages three types of data triangulation approaches as follows:
Data Source Triangulation
Extracting data and validation from multiple type of secondary and primary sources
Combining various methodologies to validate data inputs
Applying different theories to check credibility of data sets
The key factor driving growth of the global polyphthalamide market is the rising demand for polyphthalamide from the automotive applications. The rapidly evolving and expanding automotive segment coupled with the rising production of light weight vehicles has created significant demand for PPA globally.
Some key players operating in the polyphthalamide market include Arkema, Evonik, Sabic, BASF SE, DSM, Dupont, Solvay, EMS-Chemie, Mitsui Chemicals, AKRO-Plastic, Celanese Corporation, and Clariant among others.