Polyphthalamide Resin Market Growth Analysis | 2022-2028

Market Insights

"The global polyphthalamide resin market size 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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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.

Market Dynamics

Market Drivers

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.

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.

Segments Analysis

End-Use Trends

"The electrical & electronics segment accounted for the largest market share."

The polyphthalamide resin market has been classified into automotive, electrical & electronics, machinery, personal care. 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 Insights

"Asia Pacific accounted for the largest market share."

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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Key Players

The following are the key players in the polyphthalamide resin market (arranged alphabetically).

• 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).

Note: The above list does not necessarily include all the top players in the market.

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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

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s polyphthalamide resin market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a 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. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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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