The Global Polyphthalamide (PPA) Market has been projected to grow at the CAGR of 7.5% market during 2017-2025. In 2016, the market has generated the revenue of $ 731.9 million and is expected to reach $ 913 million in terms of revenue by 2025.
Functional and structural parts for various applications can now be made from thermoplastic resin such as polyphthalamide (PPA). Polyphthalamide can now be seen in large number of industries ranging from automobiles, electronic to personal care products and machines and appliances. Heat resistant property of PPA distinguished technical injection molded plastics through dimensional stability even at high temperatures. Apart from properties such as chemical resistance, heat resistance and flame retardant, PPA also helps in less uptake of moisture.
Market Segment Insights
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. In 2016, this segment accounted for the largest share of the market pie of 72.35% in terms of value and it is also projected to be the fastest growing segment. With its heat resistant and low moisture absorption properties, carbon fiber segment is gaining momentum and projected to grow at CAGR of 6.7% from 2017 to 2025. It accounted for the second largest share of the global PPA market in 2016. On the other hand, mineral filled and unfilled type PPA are projected to lose out some of its market share to above mentioned segment. Electronics & electrical segment accounted for the second largest share of the global PPA market in 2016. Using high flow grades, complex electronics components can be produced. Benefits of polyphthalamide (PPA) such as resistance to humid and hot environments and compatibility with lead free soldering technologies is another factor contributing towards the market growth.
In 2016, Asia Pacific dominated the polyphthalamide (PPA) market and accounted for 35.00% share of the global market. This growth is mainly attributed owing to rising demand from various end use sectors such as automotive, electronics and electrical and industrial equipment among others. Asia Pacific is also projected to be the fastest growing market. Asia Pacific was followed by North America and Europe. Both regions are projected to witness substantial growth rate during the forecast period of 2016 to 2023. In Europe, Eastern Europe offers huge potential owing to rise in vehicle production. Demand for lightweight materials in the automobile industry has also led to strong market growth for PPA in the region. North America market is projected to witness growth owing to rise in demand from electronics & electrical appliances and industrial equipment sectors. Latin America and Middle East and Africa are projected to grow at a below average growth rate over the next six years.
Market Competition Assessment:
The major players currently operating in the global polyphthalamide (PPA) market include Arkema Group, Arko-Plastic GmbH, BASF SE, DuPont EI De Nemours & Co., EMS-Chemie Holding AG, Eurotec, Evonik Industries AG, PlastiComp, Inc., Polyone Corporation, Propolymers, Inc., SABIC, and Solvay S.A.
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
Chapter 2 Executive Summary
2.1 Polyphthalamide (PPA) Market Portraiture
2.2 Polyphthalamide (PPA) Market, by Product Type, 2016 (Kilo Tons) ($ Million)
2.3 Polyphthalamide (PPA) Market, by Application, 2016 (Kilo Tons) ($ Million)
2.4 Polyphthalamide (PPA) Market, by Geography, 2016 (Value %)
Chapter 3 Global Polyphthalamide (PPA) Market Analysis
3.1 Global Polyphthalamide (PPA) Market Overview
3.2 Prevalence of Polyphthalamide (PPA)
3.3 Market Dynamics
3.3.1 Market Drivers
22.214.171.124 Growth in major end-user industries such as automobile, electrical and electronics, wires and cables, and personal care
126.96.36.199 Volatility in raw material prices
3.4 Attractive Investment Proposition
3.5 Competitive Analysis: Global Polyphthalamide (PPA) Market, 2015 (Value %)
Chapter 4 Global Polyphthalamide (PPA) Market, by Product Type, 2015-2025 (Kilo Tons) ($ Million)
4.2 Carbon Fiber Filled
4.3 Glass Fiber Filled
4.4 Mineral Filled
Chapter 5 Global Polyphthalamide (PPA) Market, by Application, 2015-2025 (Kilo Tons) ($ Million)
5.2 Electronics & Electrical
5.3 Industrial Equipment & Apparatus
5.4 Consumer & Personal Care
5.5 Others (Water Heaters, etc.)
Chapter 6 Global Polyphthalamide (PPA) Market, by Geography, 2015-2025 ($ Million)
6.2 North America (U.S. & Canada)
6.3 Europe (U.K., Germany & Rest of Europe)
6.4 Asia Pacific (China, Japan, Singapore, South Korea and Rest of APAC)
6.5 Latin America (Mexico, Brazil and Rest of LATAM)
6.6 Middle East and Africa
Chapter 7 Company Profiles
7.1 Arkema Group
7.2 Arko-Plastic GmbH
7.3 BASF SE
7.4 DuPont EI De Nemours & Co.
7.5 EMS-CHEMIE HOLDING AG
7.7 Evonik Industries AG
7.8 PlastiComp, Inc.
7.9 Polyone Corporation
7.10 Propolymers, Inc.
7.12 Solvay S.A