Polyphthalamide Resin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

Polyphthalamide Resin Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

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Polyphthalamide (PPA) is an aromatic and semi-crystalline polyamide. It possesses competitive physical properties compared to its counterparts such as nylon 6/6. PPA is stronger and stiffer compared to other polyamides and possesses high thermal capabilities. Furthermore, it is less sensitive to moisture and has substantial creep resistance and chemical fatigue. PPA resin is used in an extensive range of applications due to its exceptional thermal, electrical, and physical properties. The resin offers resistance to infrared soldering environments, unlike many other resins. Moreover, PPA is cost-effective compared to other polyamides. The competitive advantages of PPA mentioned above are expected to drive the polyphthalamide resin market during the forecast period.

Polyphthalamide Resin Market: Drivers and Restraints

Polyphthalamide resin is used as a substitute for metal in numerous applications such as automobile and electronics.  PPA resin allows cost effective production of lightweight automotive components that can handle high mechanical loads. This is expected to drive the demand for PPA resins in the next few years. Manufacturers are focusing on light weight components and miniaturization in industries such as electrical & electronics. Electrical & electronic components are getting smaller in size and are expected to offer good performance even at extreme temperatures. Rise in consumer demand for lightweight electronic and electrical products with added flame retardant and temperature resistant performance is anticipated to boost the market during the forecast period.

Polyphthalamide Resin Market: Segmentation

Based on end-use industry, the polyphthalamide resin market can be segmented into:

  • Automotive
  • Electrical & Electronics
  • Sports & Leisure
  • Oil & Gas
  • Others

Automotive is a major application of the polyphthalamide resin market. The application of PPA resin in the automotive industry includes brake boosters, connectors, tubing systems, brake systems, and hoses. In the electrical & electronics industry, PPA resins are used for reflectors, LED packaging materials, cell phones, computer connectors, plastic sockets, etc. Major challenge faced by OEMs is providing numerous options to customers at low cost. Furthermore, increase in pressure to offer energy-efficient cars at low budget is another major challenge faced by automotive manufacturers. In order to provide highly efficient cars and reduce fuel consumption, automotive manufacturers are focusing on reducing their weight. Therefore, OEMs are substituting traditional materials with advanced engineered ones such as engineered plastics, aluminum, filled elastomers, specialty silica, and composites. LED reflector application held the major share in the electrical & electronics industry in 2016.

Polyphthalamide Resin Market: Region-wise Outlook

In terms of volume, Asia Pacific accounted for major share of the global polyphthalamide resin market in 2016. This trend is estimated to continue during the forecast period. Countries such as China, Japan, Taiwan, and South Korea are expected to provide lucrative opportunities to the market in the near future owing to the high demand from the electrical & electronics industry in these countries. North America and Europe also held significant share due to the presence of key automobile manufacturers in these regions.

Polyphthalamide Resin Market: Key Players

The global PPA resin market is fragmented with the presence of major players in Asia Pacific and North America. Key players operating in the polyphthalamide resin market include:

  • Evonik
  • Solvay
  • RTP Company
  • Arkema

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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