Industry Outlook
Glass fiber due to its stiffness and strength and high heat resistance over a wide temperature range is widely used in various end-use industries
Based upon product type, the global polyphthalamide market is categorized into Carbon Fiber Filled, Glass Fiber Filled, Mineral Filled, Unfilled. In 2020, glass fiber-filled segment accounted for the highest share of the market pie of more than 70% in terms of value and it is also projected to be the fastest growing segment. With its low moisture absorption and heat resistant properties carbon fiber segment is gaining momentum and is projected to grow at a higher CAGR from 2023 to 2030. It accounted for the second largest share of the global PPA market in 2020. On the other hand, mineral-filled and unfilled types are projected to lose out some of its market share to the above-mentioned segment. The worldwide polyphthalamide (PPA) market was valued at US$ 901.6 Mn in 2021.
Paints & Coatings industry expected to register highest CAGR in upcoming years
Polyphthalamide (PPA) have uses in various different industries. The study covers application of PPA in automotive application, electronics & electrical application, industrial application, consumer & personal care application (hair dryer bristles, styling brushes, toothbrush bristles, etc.). In 2020, automobiles segmented dominated the market, accounted for more than 45% share of the market in terms of revenue, and projected to maintain its dominance during the forecast period of 2023 to 2030. The segment has witnessed a substantial growth owing to rising demand of polyphthalamide (PPA) resins for the production of body parts of automobile, such as cooling and heating systems, induction systems and charge air hoses among others. Furthermore, all the applications are divided into sub segments as follows.
Asia Pacific dominated the global polyphthalamide (PPA) market and expected to maintain its pole position in upcoming years
In base year 2021, Asia Pacific dominated the global PPA market and accounted for more than 35% revenue share of global the market. This growth is mainly attributed owing to rising demand from various end-use sectors such as electronics and electrical, industrial equipment and automotive among others. Asia Pacific is also projected to be the fastest-growing market. Asia Pacific was followed by North America and Europe. Both these economies are projected to witness substantial growth rate during the forecast period of 2023 to 2030. In Europe, Eastern Europe offers huge potential owing to rise in vehicle production. Demand for lightweight materials in the automobile industry has led to strong market growth for PPA in the region.
Highly fragmented market owing to presence of various large and small scale companies
Global polyphthalamide (PPA) market is highly fragmented owing to the presence of various large and small companies. Arkema Group, Arko-Plastic GmbH, BASF SE, DuPont EI De Nemours & Co., EMS-CHEMIE HOLDING AG, Eurotec Mühendislik Plastikleri San. ve Tic. A.Ş., Evonik Industries AG, PlastiComp, Inc., Polyone Corporation, Propolymers, Inc., SABIC (Saudi Arabia Basic Industries Corporation), and Solvay S.A are few key players operating in the global polyphthalamide (PPA) market.
This research report describes leading continents and their major countries, along with profiles of key players operating in overall market and their planned developments. Our report further defines the overall market dynamics such as drivers, challenges, and opportunities prevalent in the market to understand global polyphthalamide (PPA) market more explicitly. Our in-depth quantitative and quantitative analysis of each segment up to country level highlights revenue pockets and investment opportunities in the market.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Polyphthalamide (PPA) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
