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Polyphthalamide Resin Market 2022 - By Industry Share, Revenue, Key Players, Demand And Sales Forecast 2032
Polyphthalamide Resin Market
The Business Research Company's Polyphthalamide Resin Global Market Report 2023 identifies rising demand for personal care products as the major driver for the Polyphthalamide Resin market's growth in the forecast period. Personal care products are consumer products that are used for personal hygiene, grooming, and attractiveness. As polyphthalamide resin is a high-performance resin it is used in medical applications such as tubing for catheters, toothbrush bristles, and personal care items as they have improved chemical resistance.
The global polyphthalamide resin market size is expected to grow from $1.99 billion in 2022 to $2.14 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global polyphthalamide resin market size is expected to reach $2.89 billion in 2027 at a CAGR of 7.9%.
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Major competitors in the Polyphthalamide Resin market are BASF SE, Arkema S.A., Akro-Plastic GmbH, DuPont de Nemours Inc., Ems-Chemie Holding AG, Royal DSM N.V.
A key trend in the Polyphthalamide Resin market includes product innovation. Major companies operating in the polyphthalamide resin market are focusing on innovations to strengthen their position. For instance, in May 2021, Solvay a Belgian-based chemical introduced sustainable Amodel Bios PPA for e-mobility electrical and electronic applications. It has a melting point of 315 °C and the highest glass transition temperature (Tg) of any bio-based PPA on the market, at 135 °C. It is a perfect choice for non-blistering reflow soldered surface mount devices (SMD) and components in the cooling circuit of power electronics.
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The Polyphthalamide Resin market is segmented -
• By Product: Unreinforced Plain, Glass Fiber Reinforced, Carbon Fiber Reinforced, Mineral-Filled, Hybrid
• By End User: Automobile, Electrical And Electronics, Machinery, Personal Care
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Polyphthalamide Resin market.
The Business Research Company's "Global Polyphthalamide Resin Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Polyphthalamide Resin Market Include:
1. Executive Summary
2. Polyphthalamide Resin Market Characteristics
3. Polyphthalamide Resin Market Trends And Strategies
4. Polyphthalamide Resin Market - Macro Economic Scenario
5. Polyphthalamide Resin Market Size And Growth
…………………………………………………………………………….
26. Africa Polyphthalamide Resin Market
27. Polyphthalamide Resin Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polyphthalamide Resin Market
29. Polyphthalamide Resin Market Future Outlook and Potential Analysis
30. Appendix
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