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Major Growth Expected In Polyphthalamide (PPA) Resin Market| Key Company Profiled in DSM, Evonik, Dow-DuPont, Akro Plastics GmbH, Arkema, and Solvay
Polyphthalamide Resin Market
The application ranges from connectors, brake boosters, tubing systems, brake systems, brake booster parts, and hoses. It also finds wide applications in the electronics industry as LED packaging materials, reflectors, cell phones, plastic sockets, as connectors for computers, printers, etc. In the personal care industry, it finds applications in hair dryer bristles and styling brushes. In machinery industry, PPA is used for manufacturing small-to-medium parts.
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According to a new research report by Global Market Insights, Inc. Polyphthalamide (PPA) Resin Market size will exceed USD 1.8 billion by 2024
Companies in the PPA business are constantly developing innovative products, which will cater to different industries other than the above-mentioned oil & gas, drinking water, medical device materials, and food contact materials industries. The backward integration strategy is expected to increase over the years to achieve cost efficiencies. Arkema has already acquired Ihsedu Agrochem, a subsidiary of Jayant Agro, which is a leading producer of castor oil, a raw material in the production of PPA. Companies are looking for long-term reliable sources of castor oil globally owing to the rise in demand for bio polyamides.
Increasing R&D activities for improved composite materials, the high cost of PPA resins, and the use of traditional oil-based plastics in developing nations will show some adverse impacts on the PPA market, restraining its full growth to some extent over the projected years.
Automotive remains the largest end-user of PPA compounds as it has exceptional strength, stiffness, and heat & creep resistance. Moreover, the properties of compounds are modified by adjusting the percentage of glass fiber, carbon fiber, and minerals in it. The PPA industry is becoming highly competitive in nature and companies are constantly innovating new products. Recently, DSM introduced ForTii, a PPA product line suitable for prolonged elevated temperatures in carburetor housing units. Solvay supplies a wide range of PPA resin products for a wide range of applications, such as electric motors, in fuel cell vehicles among other applications. Evonik has a comprehensive range of PPA, which finds applications in automotive, drinking water grade pipes, and electronics.
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In electronics, LED’s reflectors are the single largest application of PPA, which is already being used by Philips in its product line. The use of PPA prevents reflectors from turning yellow over a period due to heat. Flame-retardant PPA also finds applications as connectors for printers and memory card bases. PPA also finds applications in the replacement of traditional brass molded components in drinking water applications.
Vital operating players in the global polyphthalamide market are DSM, Evonik, Dow-DuPont, Akro Plastics GmbH, Arkema, and Solvay.
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Polyphthalamide resin market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of volume in tons and revenue in USD million from 2013 to 2024, for the following segments:
Polyphthalamide Resin Market, Product By End-user
• Plain unreinforced
• Glass fiber reinforced
• Carbon fiber reinforced
• Mineral-filled
• Hybrid
Polyphthalamide Resin Market By End-user
• Automotive
• Electrical & electronics
• Machinery
• Personal care
• Others
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Chapter 1 Polyphthalamide (PPA) Market Overview
1.1 Product Overview and Scope of Polyphthalamide (PPA)
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