The Global Polyphthalamide Market was valued at USD 685.2 million in 2015 and is projected to reach USD 970.0 million by 2020, at a CAGR of 5.96% during the forecast period from 2015 to 2020. In terms of volume, the global Polyphthalamide market had a capacity of 105.4 Kilo Tons in 2015 and is expected to reach a capacity of 158.0 Kilo Tons in 2020, at a CAGR of 6.95% during the forecast period from 2015 to 2020.
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Polyphthalamide (PPA) is a semi-crystalline, aromatic polyamide. It is a high performance polyamide, which is stronger, stiffer, more heat resistant and less sensitive to moisture as compared to conventional polyamide.
It also possess significant chemical, fatigue and creep resistance. They are also known to resist infrared soldering environments, unlike many other resins.
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Owing to its excellent physical, thermal and electrical properties, PPA finds wide range of applications in different End User Industries. Some common applications include automotive motor bobbin parts, fuel line connectors and coolant pumps as well as bushings and bearing pads in aircraft engines.
PPA is also used for pump wear rings in the oil & gas and energy industries.
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The Global Polyphthalamides Market, on the basis of end-user industry can be broadly segmented into automotive, electrical & electronics, industrial, oil & gas, healthcare, and personal care among others. In terms of consumption, automotive sector is currently the major consumer of polyphthalamide resins, which is followed by electrical & electronics sector.
In automotive industry, PPA finds application in automotive components such as motor bobbin parts, fuel and coolant lines, fuel cut-off valves, coolant pumps, and air coolers among others. In electrical & electronics industry it is commonly used in connectors, switches and for electrical insulation in cables and wires.
Expansion in automotive sector along with introduction of light weight vehicles is the key driving force for rising popularity of Polyphthalamide resins. The market is also driven by its growing demand in electrical & electronics industry.
In addition, growing substitution of polyphthalamide with metal in various applications is also expected to boost the growth of the market. Asia Pacific is expected to witness the fastest growth due to high concentration of electronics manufacturers, where companies are focusing towards using plastic construction materials to reduce the vehicle weight as well as system costs.
The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and Middle-East & Africa. In terms of consumption in 2015, APAC led the market with a share of XX.XX%.
It was followed by North America and Europe. Due to rising population and the improvement in the financial status of the consumers, the purchasing power of the middle class consumers has increased, which in turn is increasing the demand for automobiles in the Asia-Pacific region, in turn making the region an area of immense potential and opportunities.
However, the volatility in the raw material prices in the region has considerably hindered the growth of this market.
Furthermore, the increasing usage of Bio-based Polyphthalamide and escalating demand for fuel efficient and lightweight vehicles across the world will offer numerous opportunities in the growth of the Global Polyphthalamides Market. Some of the major companies dominating this market for its products, services, and continuous product developments are DuPont, Solvay, DSM, Arkema, Evonik, Sabic innovative plastics, Mitsui, Celanese Corporation, and Clariant among others.
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Key Deliverables in the Study
Market analysis for the Global Polyphthalamide Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Polyphthalamide market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
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