Polyphthalamide (PPA) Resin Market Trends By 2026 | Top Key Players - Arkema, DuPont de Nemours, Inc., BASF SE, Evonik Industries AG, Royal DSM

In fact, according to a report by Global Market Insights Inc., the polyphthalamide resin market size is poised to surpass USD 1.9 billion by 2026.

Polyphthalamide (PPA) resin, a partially aromatic and semi-crystalline polyamide, is produced by combining terephthalic acids and isophthalic acids. It can be used as a replacement for many metallic components in vehicles, electronic devices, etc., due to its ability to increase melting point, heat stability chemical resistance and more. Such benefits will substantially increase the demand for PPA resins across various applications.

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Plastic has become the preferred choice of automotive manufacturers for producing auto components. The usage of plastic has significantly reduced the weight of automobiles and has optimized the overall manufacturing cost. With the reduction in weight, the fuel efficiency of vehicles is bound to improve, thereby reducing carbon dioxide emissions, further propelling the demand for polyphthalamide resins.

Supporting the aforementioned with an instance, the manufacturer of zero-emissions heavy duty engines, Nuvera Fuel Cells recently announced in October 2020 that it will be utilizing Ultramid Advanced N polyphthalamide (PPA) resin of BASF to manufacture numerous components of its latest 45-kW fuel cell engines. These will be deployed into delivery vehicles and transit busses in China in the next few years.

Growing demand for electronics & electricals poised to increase PPA resin usage

The electrical & electronics sector uses PPA resins for manufacturing LED sockets, connectors & plugs, mobile components and most importantly, automotive parts. With an escalating global population, there is a soaring demand for electronics & electrical devices owing to increased disposable incomes of consumers. Furthermore, many nations are taking initiatives in expanding the electrical & electronics industry by announcing favorable policies and providing huge investments.

Resins such as unreinforced plain PPA can be used in a wide range of applications and temperatures owing to their excellent strength. These resins are warpage-resistant whilst having a superior gloss on the surface. These characteristics are likely to increase the consumption of unreinforced plain PPA over the forecast period.

North America set to become primary consumers of PPA resins

North America is home to some of the top automotive manufacturers and many of them are now using PPA resin-based products for manufacturing components. Furthermore, the financial assistance offered by governments to boost production coupled with advancements in technology are likely to be primary contributors to increased product sales in the region.

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In the course to maintain market presence, many PPA resin manufacturers are collaborating with consumer-oriented companies to expand their businesses and strengthen their market positions. For instance, BASF provides their flame retardant PPA to Casio Computer Company for producing their G-Shock watches owing to their suitability for surface mount technology (SMT). BASF PPA has helped in improving the functionality, dimensional stability and robustness of these watches, thus maintaining their reputation for being tough and durable.

This is a successful collaboration among Aces Electronics, a connector company based in Taiwan, BASF and Casio which has improved the tough design and the overall efficiency of the G-Shock GBD-H1000. With the help of BASF PPA, it is now possible for Casio to make watches that are sturdy and are integrated with latest interactive functionalities.

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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This release was published on openPR.