Polyphthalamide Resin Market to Cross USD 1.8bn by 2024
The polyphthalamide resin market will be primarily driven by the rise in regulations globally by respective governments to produce fuel-efficient lightweight vehicles, pressure on OEMs to reduce the engine size and weight along with the global expansion of the automotive industry. PPA is a bio-based sustainable plastic resin, which is being widely used as a metal replacement option in automotive under-the-hood applications. 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.
Request for a Sample Copy of this Report @
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.
Inquire Before Buying This Report@
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.
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.
Browse Report Summery @ http://bit.ly/2BDpbzq
Vital operating players in the global polyphthalamide market are DSM, Evonik, Dow-DuPont, Akro Plastics GmbH, Arkema, and Solvay.
Read Our Blog:
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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polyphthalamide Resin Market to Cross USD 1.8bn by 2024 here
News-ID: 950597 • Views: 260
More Releases from Global Market Insights Inc.
Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug
More Releases for PPA
Global Polyphthalamide (PPA) Industry Market Analysis & Forecast 2018-2023
Global Polyphthalamide (PPA) Industry Market is a high-temperature application plastic, which is a mix of aliphatic and fragrant functionalities. It is gotten from bio-based dicamethylendiamine and terephthalic corrosive. These polymers are semi-crystalline in nature and offer high solidness and quality at hoisted temperatures. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=5426 Table of Contents: Chapter 1 Polyphthalamide (PPA) Market Overview 1.1 Product Overview and Scope of Polyphthalamide (PPA) 1.2 Polyphthalamide (PPA) Market Segmentation by Type
Polyphthalamide (PPA) Market Demands To Go Mainstream In 2019
The Polyphthalamide (PPA) Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.
Polymer Processing Aid (PPA) Market: Global Industry Analysis and Opportunity As …
The Latest Research Report Polymer Processing Aid (PPA) Market: Global Industry Analysis and Opportunity Assessment 2017-2027 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz Polymer Processing Aid is used in polymer formulation to increase the quality of finished product. Polymer Processing Aid is added in molten polymers when they are subjected to extrusion process in order to be formulated into a film,
Polyphthalamide (PPA) Market Size 2017-2022 Sabic, Dupont, Solvay, Arkema
firstname.lastname@example.org Polyphthalamide (PPA) Market Research 2017 A market study ” Global Polyphthalamide (PPA) Market ” will help you understand, formulate and implement strategic decisions by offering critical data, insights and analysis from technology as well as commercial perspective on the Polyphthalamide (PPA) market. It encloses an in-depth Research of the Polyphthalamide (PPA) market state and the competitive landscape globally. This report consist of comprehensive market data, on a granular level, providing a
Polymer Processing Aid (PPA) Market Demand is Increasing Rapidly in Recent Years
Polymer Processing Aid is used in polymer formulation to increase the quality of finished product. Polymer Processing Aid is added in molten polymers when they are subjected to extrusion process in order to be formulated into a film, tube, pipe or other products. Polymer Processing Aid guard polymer products while processing from damages such as melt fracture, die build up and polymer degradation which are irreversible and results in gels
Global Polyphthalamide (PPA) Market 2017 - Leading Manufacturers Analysis in Pol …
Worldwide Polyphthalamide (PPA) 2017 Research Report presents a professional and complete analysis of Global Polyphthalamide (PPA) Market on the current situation. In the first part, the report provides a general overview of the Polyphthalamide (PPA) industry 2017 including definitions, classifications, Polyphthalamide (PPA) market analysis, a wide range of applications and Polyphthalamide (PPA) industry chain structure. The 2017's report on Polyphthalamide (PPA) industry offers the global Polyphthalamide (PPA) development history, development trends