[FURL=https://www.industryarc.com/Research/Polyphthalamide-Market-Research-509275]Polyphthalamide (PPA) Market[/FURL] size is forecast to reach $1.55 billion by 2025, after growing at a CAGR of 6.50% during 2020-2025. PPA resin is a semi-crystalline aromatic polyamide, with key building blocks as dicarboxylic acid, isophthalic acid-based amides, terephthalic acid, or combination. The aromatic content in the polymer chain helps in increasing heat stability, melting point, rigidity, chemical resistance, and moisture absorption characteristics. These resins are widely used to replace metal in numerous applications including automotive, electrical, Aerospace and others.Key Takeaways
Glass fiber reinforced PPA resin exhibits high strength and stiffness, high heat resistance over a broad temperature range, good chemical and electrical properties, and low moisture absorption, due to which it is highly accepted in end-user industries.
Increasing usage of bio-based PPA is likely to act as an opportunity for the market in the future.
Asia-Pacific dominated the polyphthalamide (PPA) market across the world with the largest consumption from countries, such as China and India.
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Polyphthalamide (PPA) Market Segment Analysis - Geography
Asia Pacific dominated the polyphthalamide (PPA) market with a share of more than 39%, followed by North America and Europe. Asia-Pacific is also projected to register the highest growth during the forecast period, driven by increasing automotive production and sales from different countries, such as India, Malaysia Thailand, and Indonesia. China is the world’s largest automotive producer. However, the country witnessed about 4.16% decline in the production of vehicles in the year 2018. This trend is likely to remain similar in China, due to the declining demand for diesel and petrol cars in the country. However, rising sales of electric cars are likely to help the automotive market to avoid another slump. Increasing R&D activities in the automotive industry is expected to provide an impetus for the polyphthalamide market in Asia Pacific and North America regions.
Polyphthalamide (PPA) Market Drivers
Environmental Awareness
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the polyphthalamide (PPA) market. In 2019, the market of polyphthalamide (PPA) has been consolidated by the top five players accounting for xx% of the share. Major players in the polyphthalamide (PPA) market are Solvay S.A., Evonik Industries, BASF SE, Arkema Group, EMS-CHEMIE HOLDING AG, E. I. du Pont de Nemours and Company, SABIC, Nagase America Corporation, PlastiComp Inc. and Techmer Engineered Solutions, LLC. among others.
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