Allied Market Research

2024

Polyphthalamide Market

Polyphthalamide Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and by END-USE INDUSTRY : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Advanced Materials

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Author's: | Eswara Prasad
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Polyphthalamide (PPA) is a semi-crystalline semi-aromatic polyamide that exhibits enhanced resistance to heat. Products made from polyphthalamide include valve bodies, switches, connectors, bushings, bearings, pumps, thermostat housings, fuel line connectors & cut-off valves, and powertrain components. As compared to aliphatic polyamides, polyphthalamide offers enhanced properties such as sensitivity to moisture absorption, dimensional stability, creep & fatigue resistance, higher strength at elevated temperatures, and chemical resistance.

Increase in use of polyphthalamide in automotive structural parts, such as fuel system components, cooling & heating systems, gear wheels, sensors, and solenoids is a key factor that fuels the growth of the global polyphthalamide market. This helps minimize the overall weight of the automotive parts without compromising comfort and safety of the vehicle. Furthermore, development of the electronics & electrical sector fuels the growth of the global polyphthalamide market. This is attributed to the fact that polyphthalamide is used in circuit breakers, switches, home appliances components, SMD & SMT electronic components, LED & other optoelectronic devices such as phones, tablets, & laptops.

Factors such as growth of the automotive industry, increase in trend toward replacing the metal parts with plastic components in the automotive sector, and implementation of stringent government regulations to decrease automotive emissions are driving the growth of the global polyphthalamide market. However, high producing cost, use of traditional oil-based plastics in developing nations, and enforcement of stringent environmental regulations on the manufacturing process are the factors that restrain the growth of the global polyphthalamide market. On the contrary, surge in demand for bio-based polyphthalamides and increase in R&D activities for improved composite materials are expected to offer remunerative opportunities for market expansion.

The global polyphthalamide market is segmented into type, end-use industry, and region. On the basis of type, the market is classified into unfilled, mineral-filled, carbon fiber-filled, glass fiber-filled, and hybrid. The glass fiber-filled polyphthalamide is the major shareholder, due to its low moisture absorption, high heat resistance, high strength, and enhanced stiffness. Depending on end-use industry, the market is fragmented into automotive, electronic & electrical, machinery, personal care, and others. The automotive industry dominates the market, as polyphthalamide is widely used in the automotive industry to reduce the weight of materials used in vehicles.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to lead the global market, owing to presence of industrial and automotive manufacturing base in this region.
Key players operating in the global polyphthalamide market are EMS-CHEMIE HOLDING AG, Solvay, Evonik Industries, Arkema, BASF, Akro-Plastic GMBH, DuPont de Nemours Inc., PlastiComp Inc., SABIC, and Eurotec. These players adopted various strategies such as acquisitions, partnerships, collaboration, joint ventures, agreements, expansions and new product launches to create a strong consumer base in the market.

KEY BENEFITS FOR STAKEHOLDERS

  • The olyphthalamide market size has been analyzed across all regions.
  • Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
  • The report outlines the current market trends and future scenario of the market size to understand the prevailing opportunities and potential investment pockets. 
  • Major countries in the regions have been mapped according to their individual revenue contribution.
  • The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
  • The market analysis covers in-depth information of major industry participants.

Polyphthalamide Market Report Highlights

Aspects Details
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By Type
  • Unfilled
  • Mineral-filled
  • Glass Fiber-filled
  • Carbon Fiber-filled
  • Hybrid
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By END-USE INDUSTRY
  • Automotive
  • Electronic & Electrical
  • Machinery
  • Personal Care
  • Others
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By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (BRAZIL, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Evonik Industries, PlastiComp Inc., EMS-CHEMIE HOLDING AG, Solvay, Eurotec, BASF, Arkema, DuPont de Nemours Inc., SABIC, Akro-Plastic GMBH

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Polyphthalamide Market

Global Opportunity Analysis and Industry Forecast, 2023-2032