Polyphthalamide Market Size & Growth Analysis to 2030

The global polyphthalamide (PPA) market size was accounted for over USD 1 billion in 2019 and projected to grow at the CAGR of 7.5% market during 2020-2027. Functional and structural parts for various applications can now be made from thermoplastic resin such as polyphthalamide (PPA). Polyphthalamide can now be seen in a large number of industries ranging from automobiles, electronic to personal care products and machines, and appliances. Heat resistant property of PPA distinguished technical injection molded plastics through dimensional stability even at high temperatures. Apart from properties such as chemical resistance, heat resistance, and flame retardant, PPA also helps in less uptake of moisture.

Market Insights:

The global polyphthalamide (PPA) market is expected to experience significant growth over the forecast period due to growing industrialization in emerging economies. Technological innovations in automotive and electronics & electrical markets are other factors driving the growth of the global PPA market.  In 2019, among all the end-user industries, automotive segment dominated the global PPA market with 47.91% market share by volume and segment is anticipated to account 48.16% market share by volume in 2027. Stringent government rules and regulations regarding increasing the overall fuel economy of vehicles and decreasing automotive emissions has led automotive manufacturers to increase usages of polyphthalamide automotive body-parts.

Market Segment Insights:

Glass fiber due to its stiffness and strength and high heat resistance over a wide temperature range is widely used in various end-use industries. In 2019, this segment accounted for the largest share of the market pie of 72.35% in terms of value and it is also projected to be the fastest-growing segment. With its heat resistant and low moisture absorption properties, the carbon fiber segment is gaining momentum and projected to grow at a CAGR of 6.7% from 2020 to 2027. It accounted for the second-largest share of the global PPA market in 2016. On the other hand, mineral-filled and unfilled type PPA is projected to lose out some of its market share to the above-mentioned segment. Electronics & electrical segment accounted for the second-largest share of the global PPA market in 2016. Using high flow grades, complex electronics components can be produced. Benefits of polyphthalamide (PPA) such as resistance to humid and hot environments and compatibility with lead-free soldering technologies is another factor contributing towards the market growth.

Global Polyphthalamide (PPA) Market Segmentation:

By Product Type, 2018–2027 (Kilo Tons) ($ Millon)

• Carbon Fiber Filled
• Glass Fiber Filled
• Mineral Filled
• Unfilled

By Application, 2018–2027 (Kilo Tons) ($ Millon)

• Automotive
• Electronics & Electrical
• Industrial Equipment & Apparatus
• Consumer & Personal Care
• Others (Water Heaters, etc.)

By Geography, 2018-2027 ($ Millon)

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Regional Insights:

In 2019, the Asia Pacific dominated the polyphthalamide (PPA) market and accounted for 35.00% share of the global market. This growth is mainly attributed owing to rising demand from various end-use sectors such as automotive, electronics and electrical and industrial equipment among others. The Asia Pacific is also projected to be the fastest-growing market. Asia Pacific was followed by North America and Europe. Both regions are projected to witness a substantial growth rate during the forecast period of 2018 to 2027. In Europe, Eastern Europe offers huge potential owing to the rise in vehicle production. Demand for lightweight materials in the automobile industry has also led to strong market growth for PPA in the region. North America market is projected to witness growth owing to a rise in demand from electronics & electrical appliances and industrial equipment sectors. Latin America and the Middle East and Africa are projected to grow at a below-average growth rate over the next six years.

Market Competition Assessment:

The major players currently operating in the global polyphthalamide (PPA) market include Arkema Group, Arko-Plastic GmbH, BASF SE, DuPont EI De Nemours & Co., EMS-Chemie Holding AG, Eurotec, Evonik Industries AG, PlastiComp, Inc., Polyone Corporation, Propolymers, Inc., SABIC, and Solvay S.A.

List of Key Companies:

• Arkema Group
• Arko-Plastic GmbH
• BASF SE
• DuPont EI De Nemours & Co.
• EMS-CHEMIE HOLDING AG
• Eurotec
• Evonik Industries AG
• PlastiComp, Inc.
• Polyone Corporation
• Propolymers, Inc.
• SABIC
• Solvay S.A

Key Questions Answered by Polyphthalamide Market Report

• Global polyphthalamide market forecasts from 2020-2027
• Regional polyphthalamide market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
• Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
• Polyphthalamide submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
• Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to polyphthalamide market
• Analysis of the key factors driving and restraining the growth of the global, regional and country level polyphthalamide markets from 2020-2027
• Competitive Landscape and market positioning of top 10 players operating in the polyphthalamide market

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