Polyphthalamide Market - Forecast(2021 - 2026)

Report Code: CMR 68025 Report Format: PDF + Excel (Delivery in 48 Hrs)

Polyphthalamide (PPA) Market Overview

Polyphthalamide (PPA) Market size is forecast to reach $1.55 billion by 2025, after growing at a CAGR of 6.50% during 2020-2025. PPA resin is a semi-crystalline aromatic polyamide, with key building blocks as dicarboxylic acid, isophthalic acid-based amides, terephthalic acid, or combination. The aromatic content in the polymer chain helps in increasing heat stability, melting point, rigidity, chemical resistance, and moisture absorption characteristics. These resins are widely used to replace metal in numerous applications including automotive, electrical, Aerospace and others.

Report Coverage

The report: “Polyphthalamide (PPA) Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polyphthalamide (PPA) Market Industry.
By Type: Unreinforced Plain, Glass Fiber Reinforced, Carbon Fiber Reinforced, Mineral-Filled, Hybrid and Others
By End User Industry: Automotive, Electronic and Electrical, Industrial Equipment and Apparatus, Consumer and Personal Care, and Others
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

  • Glass fiber reinforced PPA resin exhibits high strength and stiffness, high heat resistance over a broad temperature range, good chemical and electrical properties, and low moisture absorption, due to which it is highly accepted in end-user industries.
  • Increasing usage of bio-based PPA is likely to act as an opportunity for the market in the future.
  • Asia-Pacific dominated the polyphthalamide (PPA) market across the world with the largest consumption from countries, such as China and India.

Polyphthalamide (PPA) Market Segment Analysis - By Type

Glass Fiber Reinforced segment held a significant share in polyphthalamide (PPA) market in 2019. The polyphthalamide resins are categorized into glass fiber reinforced, unreinforced plain, mineral-filled, carbon fiber reinforced and hybrid on the basis of product. Glass fiber reinforced products captured majority of polyphthalamide resin market share owing to the relatively easier availability of fiberglass and a wide range of applications in automotive, electronics, personal care, machinery, etc. These resins improve the strength & physical characteristics and help to maintain structural integrity thereby making them suitable for various automotive applications. Polyphthalamide (PPA) has a high heat deflection temperature, high flexural modulus and high tensile strength. Excellent creep resistance and low moisture absorption are also characteristic of this resin.

Polyphthalamide (PPA) Market Segment Analysis - By Application

Automotive segment held a significant share in polyphthalamide (PPA) market in 2019 growing at a CAGR of 6.72% during the forecast period. In the automotive industry, polyphthalamide-based materials are widely used for manufacturing various structural parts, fuel system components (such as fuel rails, flanges, fuel line connectors), cooling and heating system components (such as oil filter housings, thermostat housings, turbocharger air coolers), and others. In electronics industry, the product is widely used in SMT electronic components, switches, LEDs, circuit breakers, connectors & sockets, enclosures, capacitor & chip carriers, sensors, etc. PPA resin’s excellent dimensional suitability, surface mount capability and excellent processing ability makes it an ideal choice for various electrical & electronics applications. Favorable trends associated with consumer electronics owing to rising population, increasing spending propensity of people and technological progressions will spur the polyphthalamide resin industry growth during the forecast period.

The impact of the coronavirus pandemic on the chemicals sector could be far reaching, depending on the extent of pandemic reach, the period of plants shutdown in various countries and restrictions on shipments/logistics.

Polyphthalamide (PPA) Market Segment Analysis - Geography

Asia Pacific dominated the polyphthalamide (PPA) market with a share of more than 39%, followed by North America and Europe.  Asia-Pacific is also projected to register the highest growth during the forecast period, driven by increasing automotive production and sales from different countries, such as India, Malaysia Thailand, and Indonesia. China is the world’s largest automotive producer. However, the country witnessed about 4.16% decline in the production of vehicles in the year 2018. This trend is likely to remain similar in China, due to the declining demand for diesel and petrol cars in the country. However, rising sales of electric cars are likely to help the automotive market to avoid another slump. Increasing R&D activities in the automotive industry is expected to provide an impetus for the polyphthalamide market in Asia Pacific and North America regions. North America is witnessing a huge demand for lightweight automobiles, driven by the growing consumer preference for high-quality fuel-efficient automobiles. Therefore, the utilization of polyphthalamide in automobile production is rapidly increasing in the region.

Polyphthalamide (PPA) Market Drivers

Environmental Awareness

The awareness regarding vehicle CO2 emissions and associated harmful environmental impacts is increasing all over the world. Various countries are formulating policies and regulatory guidelines to curb these emissions. For instance, European Union has specified guidelines and set targets for automotive manufacturers to control CO2 emissions of passenger cars and light commercial vehicles by 2030. Hefty fines will be assigned to the manufacturers who will fail to comply with these regulations. Such trends will compel automotive manufacturers to use the polyphthalamide resins in automotive manufacturing thereby triggering the polyphthalamide resin market trends over the next few years.

Polyphthalamide (PPA) Market Challenges 

Availability of substitutes

Polymer industry is characterized by research & development and various products are being introduced from time to time. These products have improved operation capability over its predecessors and overcome the functional deficiencies of existing variants. Polyphthalamides face similar level of threat due to availability of substitute materials. These substitutes have better temperature adaptability, superior toughness and improve moisture absorption characteristics. This will in turn negatively influence the polyphthalamide resin market growth.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the polyphthalamide (PPA) market. In 2019, the market of polyphthalamide (PPA) has been consolidated by the top five players accounting for xx% of the share. Major players in the polyphthalamide (PPA) market are Solvay S.A., Evonik Industries, BASF SE, Arkema Group, EMS-CHEMIE HOLDING AG, E. I. du Pont de Nemours and Company, SABIC, Nagase America Corporation, PlastiComp Inc. and Techmer Engineered Solutions, LLC. among others.

Acquisition/ Product Launch

  • In August 2015, Evonik introduced new glass-fiber reinforced PPA molding compound VESTAMID® HTplus M1035 P1 for automotive applications.

1. Polyphthalamide Market - Overview
        1.1 Definitions and Scope
2. Polyphthalamide Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Polyphthalamide Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Polyphthalamide Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Polyphthalamide Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Polyphthalamide Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Polyphthalamide Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Polyphthalamide Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Polyphthalamide Market - By Type(Market Size -$Million / $Billion)
        9.1 MARKET SEGMENTATION
        9.2 COMPETITIVE LANDSCAPE
            9.2.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
10. Polyphthalamide - By Application Type(Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
11. Polyphthalamide- By Geography (Market Size -$Million / $Billion)
        11.1 Polyphthalamide Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Polyphthalamide- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Polyphthalamide- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Polyphthalamide - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Polyphthalamide - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Polyphthalamide Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Polyphthalamide Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Polyphthalamide Market - Key Company List by Country Premium
15. Polyphthalamide Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Company 2
        15.3 Company 3 & More
*Financials would be provided on a best efforts basis for private companies
16. Polyphthalamide Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Polyphthalamide Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Polyphthalamide Market Revenue, 2019-2024 ($M)
2.Canada Polyphthalamide Market Revenue, 2019-2024 ($M)
3.Mexico Polyphthalamide Market Revenue, 2019-2024 ($M)
4.Brazil Polyphthalamide Market Revenue, 2019-2024 ($M)
5.Argentina Polyphthalamide Market Revenue, 2019-2024 ($M)
6.Peru Polyphthalamide Market Revenue, 2019-2024 ($M)
7.Colombia Polyphthalamide Market Revenue, 2019-2024 ($M)
8.Chile Polyphthalamide Market Revenue, 2019-2024 ($M)
9.Rest of South America Polyphthalamide Market Revenue, 2019-2024 ($M)
10.UK Polyphthalamide Market Revenue, 2019-2024 ($M)
11.Germany Polyphthalamide Market Revenue, 2019-2024 ($M)
12.France Polyphthalamide Market Revenue, 2019-2024 ($M)
13.Italy Polyphthalamide Market Revenue, 2019-2024 ($M)
14.Spain Polyphthalamide Market Revenue, 2019-2024 ($M)
15.Rest of Europe Polyphthalamide Market Revenue, 2019-2024 ($M)
16.China Polyphthalamide Market Revenue, 2019-2024 ($M)
17.India Polyphthalamide Market Revenue, 2019-2024 ($M)
18.Japan Polyphthalamide Market Revenue, 2019-2024 ($M)
19.South Korea Polyphthalamide Market Revenue, 2019-2024 ($M)
20.South Africa Polyphthalamide Market Revenue, 2019-2024 ($M)
21.North America Polyphthalamide By Application
22.South America Polyphthalamide By Application
23.Europe Polyphthalamide By Application
24.APAC Polyphthalamide By Application
25.MENA Polyphthalamide By Application