The global polyphthalamide market size reached USD 1042.7 Million in 2021 and is expected to register a revenue CAGR of 6.8% during the forecast period, according to a latest analysis by Emergen Research. One of the main factors fueling the expansion of the polyphthalamide market’s revenue is the rising development of bio-based polyphthalamide. Environmentally friendly, bio-based polyphthalamide and other polymers are created from biological sources. As an alternative to petroleum-based plastics, these kinds of polymers are frequently employed in the manufacture of bio-based plastics.
The market for this kind of product was developed and introduced by several companies in response to the growing acceptance of bio-based polyphthalamide. For instance, a novel bio-based, non-halogenated flame retardant polyphthalamide (PPA) chemical for electrical components was introduced in July 2019 by DuPont, a U.S.-based chemical manufacturing business. In industries like electronics and automobiles, this substance might take the place of metals, performance polymers like liquid crystal polymers, and thermoset polymers.
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Additionally anticipated to fuel market revenue growth is the growing demand for polyphthalamide in applications that substitute metal for other materials. The automotive and electronics industries employ polyphthalamide as a metal component replacement. In order to manufacture automotive components, there is a considerable need for polyphthalamide due to the growing popularity of lightweight, fuel-efficient vehicles. Numerous businesses have launched items on the market that include polyphthalamide to fulfil consumer demand.
Global Polyphthalamide Market research report offers a panoramic view of the Polyphthalamide market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Polyphthalamide market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
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World’s Leading Companies in the Polyphthalamide Market: Top 10 by Revenue
Ems-Chemie Holding AG,
Solvay S.A.,
Evonik Industries AG,
BASF SE,
DuPont de Nemours, Inc.,
Saudi Basic Industries Corporation,
Arkema S.A,
Ems-Chemie Holding AG,
Akro Plastics GMBH, and
Avient Corporation.
Some Key Highlights from the Report
The glass fiber segment accounted for largest revenue share in 2021 due to the rising adoption of glass fiber polyphthalamide in manufacturing electronics and automotive components. It is mainly used as the main substitute for metals. It has high-temperature consistency combined with exceptional chemical resistance and mechanical characteristics which makes it perfect for making automotive and electronics components.
The electronics & electrical segment is expected to register a steady revenue growth rate over the forecast period due to the increasing demand for polyphthalamide for manufacturing electrical and electronic components such as connectors & sockets, capacitor & chip carriers, sensors, and many more. Increasing adoption of consumer electronics across the globe is expected to boost revenue growth of the segment.
The market in North America is expected to register a steady growth rate during the forecast due to the rising demand for polyphthalamide in the automotive sector. The current trend for adoption of lightweight vehicles and increasing research and development activities in the automobile sector creates ample opportunities for the market in the region, especially in the U.S.
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Emergen Research has segmented the global Polyphthalamide market on the basis of type, application, and region:
Type Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)
Unfilled
Mineral-filled
Glass fiber-filled
Carbon fiber-filled
Hybrid
Application Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)
Automotive
Industrial Equipment & Apparatus
Personal Care
Electronics & Electrical
Others
Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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