Polyphthalamide Resin Market Growth Analysis | 2022-2028

Market Insights

The polyphthalamide resin market was estimated at USD 1.34 billion in 2021 and is likely to grow at a CAGR of over 6.32% during 2022-2028 to reach USD 2.01 billion in 2028.

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What is PPA resin?

PPA resin is a semi-crystalline aromatic polyamide, with main building blocks comprising of terephthalic acid, isophthalic acid-based amides, or both. The aromatic content in the polymer chain enables to improve melting point, heat stability, chemical resistance, rigidity, and moisture absorption characteristics.

COVID-19 Impact

The COVID-19 pandemic has adversely affected the polyphthalamide resin industry as a result of the shutdown of production activities in the automotive and polymer industries. Moreover, supply chain disruption and restricted transportation further affected the market growth, amid the pandemic.

Key Players

Key players operating in the polyphthalamide resin market are-

• Akro-Plastic GmbH (Germany)
• Arkema (France)
• BASF SE (Germany)
• DuPont de Nemours, Inc.
• Ems-Chemie (Switzerland)
• Evonik Industries AG (Germany)
• Royal DSM (Netherlands)
• Solvay SA (Belgium).

Target Audience

Here is the list of the group of customers that the polyphthalamide resin market hopes to have the greatest opportunity to convert-

• Polyphthalamide Resin companies
• Polyphthalamide Resin distributors
• Automotive companies
• Government organizations

Market Dynamics

Increasing traction of plastic materials in automotive manufacturing over conventional metals is a key factor driving the product demand. Also, increasing concern regarding vehicular emissions and associated harmful environmental impacts is bolstering the usage of plastic auto parts, thus augmenting the market growth. Furthermore, strong R&D investments offer immense growth opportunities to the market players.

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Segments Analysis

End-Use Trends

Based on end-use, the polyphthalamide resin market has been classified into automotive, electrical & electronics, machinery, personal care. Under these, the electrical & electronics segment held a substantial market share in 2021 and is likely to grow at a considered CAGR during the forecast period. PPA resin exhibits superior surface mount capability, dimensional suitability, and excellent processing ability, making it a suitable choice for various electrical & electronics applications, thereby bolstering the segment growth.

Regional Analysis

By region, the Asia Pacific market held a significant market share in 2021 and is projected to grow at a healthy CAGR in the coming years. This growth is mainly ascribed to a strong presence of product manufacturers, strong automobile production, cheap labor availability, and easy access to raw materials. Also, the automotive production is mainly influenced by technological advancements and the adoption of plastic materials during production, thereby proliferating the regional market growth during the forecast timeline.

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Market Segmentation

The market is segmented in the following ways:

By Product Type

• Unreinforced Plain
• Glass Fiber Reinforced
• Carbon Fiber Reinforced
• Mineral-Filled
• Hybrid

By End-Use Type

• Automotive
• Electrical & Electronics
• Machinery
• Personal Care

By Region:

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data.

More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

Report Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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