Press release
Shaping the Future: Polyphthalamide Resin Market Segmentation and Competitive Landscape Analysis
Polyphthalamide Resin Market
The polyphthalamide resin market size is expected to see strong growth in the next few years. It will grow to $3.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to global shift towards lightweight materials, research and development initiatives, expansion in aerospace and industrial sectors, growing focus on sustainable materials, rise in demand for electrical components.. Major trends in the forecast period include high-performance engineering plastics, substitution of metals and traditional materials, advancements in additive manufacturing, expansion in electrical and electronics sector, focus on sustainability..
Market Overview -
Polyphthalamide (PPA) resin is a semi-crystalline, aromatic polyamide that is used in LED headlights, fuel and coolant lines, motor bobbin parts, and pump wear rings, among others. It has good thermal, mechanical, and physical properties.
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Polyphthalamide Resin Market Poised For Growth Driven By Surging Demand In Personal Care Products
The rising demand for personal care products is expected to propel the growth of the polyphthalamide resin market going forward. 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, sensitivity to moisture absorption, and dimensional stability. For instance, according to L'Oréal a France-based personal care company, globally, its personal care products such as skincare grew by 8% in 2021. Therefore, the rising demand for personal care products is driving the growth of the polyphthalamide resin market.
Competitive Landscape -
Major companies operating in the polyphthalamide resin market report are BASF SE, Arkema S.A., Akro-Plastic GmbH, The DuPont de Nemours and Company, Ems-Chemie Holding AG, Royal DSM N.V., RTP Company Inc., Dow Inc., Saudi Basic Industries Corporation, PlastiComp Inc., Techmer Engineered Solutions LLC, Nagase America LLC, INEOS Group Limited, Ihne und Tesch GmbH, Kingfa SCI & TECH CO. LTD., Solvay S.A., Evonik Industries AG, Clariant International AG, DSM Engineering Plastics B.V., E-Polymers Co. Ltd., Eurostar Engineering Plastics, LG Chem Ltd., Lotte Advanced Materials Co. Ltd., Polyplastics Co. Ltd., Sumitomo Chemical Co. Ltd., TechnoCompound GmbH, Toray Industries Inc., Toyobo Co. Ltd., Victrex plc, Zhejiang NHU Special Materials Co. Ltd. .
Advancing Polyphthalamide Resin For Sustainable E-Mobility Applications
Product innovation is a key trend gaining popularity in the polyphthalamide resin market. 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, including fluid connectors because it is designed for injection molding.
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Key Segments -
The polyphthalamide resin market covered in this report is segmented -
1) By Product: Unreinforced Plain, Glass Fiber Reinforced, Carbon Fiber Reinforced, Mineral-Filled, Hybrid
2) By End User: Automobile, Electrical And Electronics, Machinery, Personal Care
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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