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PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339999
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339999
Polyphthalamide Market Forecasts to 2030 - Global Analysis By Product, Application and By Geography
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According to Stratistics MRC, the Global Polyphthalamide Market is accounted for $1,416.2 million in 2023 and is expected to reach $2,605.5 million by 2030 growing at a CAGR of 9.1% during the forecast period. A category of thermoplastic synthetic resin from the polyamide family is called polyphthalamide, or PPA. High-temperature automotive applications and electrical connectors are where it is most frequently employed. The polyamides known as polyphthalamides have aromatic rings that provide them with exceptional mechanical strength and strong heat resistance. Alphatic diamines and aromatic acids react to produce polyphthalamide.
According to the EPA, the finalized rule will reduce carbon dioxide emissions from cars by 166 grams per mile in 2023 and 132 grams per mile in 2026.
Market Dynamics:
Driver:
- Increasing trend of lightweight vehicles.
- The high demand for polyphthalamide is generated by the growing trend of lightweight vehicles and the replacement of metal parts with plastics in the automotive industry. Numerous interior automobile components, such as speaker covers, air vents, and seat adjustment levers, are made of polyamides. Additionally, it's used in automobiles as a replacement for metal parts like thermostat housings, gasoline and coolant lines, coolant pumps, pump wear rings, and fuel line connectors.
Restraint:
- High cost and availability of raw materials.
- PPA is an engineering plastic with outstanding performance and better qualities than other materials. However, it is more expensive than other engineering polymers like polybutylene terephthalate (PBT) and polyamide (PA). Its adoption in some applications may be constrained by this high cost. Raw material scarcity could cause supply chain problems which would hinder the market's expansion.
Opportunity:
- Superior properties of PPA and technology advancements.
- In comparison to other technical plastics, polyphthalamide has a number of superior qualities, including high-temperature resistance, chemical resistance, dimensional stability, and good mechanical properties. It is appropriate for use in demanding applications due to these qualities. The production of PPA with improved qualities, such as greater heat resistance, stronger chemical resistance, and increased dimensional stability, is the result of the development of new technologies and manufacturing techniques.
Threat:
- Environmental concerns and stringent regulations.
- PPA is a recyclable and environmentally friendly material, although certain chemicals are used during the production process, which could be hazardous to the environment. The market expansion for PPAs may be constrained by rising environmental concerns and restrictions. REACH and RoHS are the laws and standards that relate to the PPA market. Following these laws and standards could make production more expensive, which might stop the market from expanding.
COVID-19 Impact:
- The polyphthalamide (PPA) market has not been immune to the COVID-19 pandemic's enormous effects on the world economy. The COVID-19 epidemic has caused problems throughout the world's logistics, transportation, and raw material supply chains. PPA production and delivery have been hampered by disturbances, which have resulted in supply shortages and delays. The market is anticipated to rebound in the next few years, however, because of rising demand from a variety of end-use sectors as well as a growing interest in lightweight and environmentally friendly materials.
- The automotive segment is expected to be the largest during the forecast period
- Due to the rising trend of fuel-efficient lightweight vehicles, the automotive segment is anticipated to account for a proportionally large revenue share over the projection period. Automotive fuel system components, cooling and heating systems, and a variety of structural fragments are all made of polyphthalamide. Global demand for polyphthalamide is rising as a result of the growing popularity of lightweight electric vehicles (EVs).
- The glass fiber segment is expected to have the highest CAGR during the forecast period
- Due to the growing popularity of glass fiber in the electronics and automotive industries, the glass fiber segment had the highest compound annual growth rate throughout the anticipated period. Glass fiber made of polyphthalamide is resistant to high temperatures and has an outstanding price-performance ratio. Moreover, it has great mechanical and chemical resistance, along with high-temperature stability.
Region with largest share:
- Because of the increase in car manufacturing and sales in the region, particularly in China, Japan, and India, Asia Pacific is anticipated to witness enhanced growth over the lucrative period of time. Significant demand for polyphthalamide is being driven by the growing popularity of electric and lightweight, fuel-efficient automobiles in the region. One of the world's largest manufacturers of automobiles is China. Additionally, it is anticipated that rising demand for polyphthalamide in electronics components will boost revenue growth in the region.
Region with highest CAGR:
Due to rising demand for electric vehicles and strict government restrictions to minimize gasoline emissions in the region, particularly in the U.S., the market in North America is predicted to rise steadily throughout the projected period. For instance, the EPA imposed strict economy rules for vehicles and trucks in December 2021. The government's initiatives to promote electric vehicles and the EPA's new guidance are projected to enhance demand for polyphthalamide throughout the entire country.
Key players in the market:
Some of the key players in Polyphthalamide market include: Akro Plastics GMBH , Arkema S.A., Avient Corporation, BASF SE, Celanese Corporation, DuPont de Nemours, Inc., Ecomass, Ems-Chemie Holding AG, Evonik Industries AG, PlastiComp Inc., Pro Polymers Inc., Saudi Basic Industries Corporation and Solvay S.A.
Key Developments:
- In May 2022, Arkema, which is a France-based specialty chemical company announced to collaborate with Nippon Shokubai, which is a Japan-based industrial chemicals and catalysts manufacturer for the production of LiFSI electrolyte salts for a European battery supply chain. LiFSI electrolyte salts are a key component of car battery cells. This partnership will speed up the development of new electrolyte formulations for the next generation of batteries, including semi-solid and solid-state batteries, by significantly increasing their power, stability, cycle life, and recyclability, while reducing charging time in high and low-temperature conditions.
- In May 2022, DuPont, which is a U.S.-based chemical company, announced to open its new biopharma manufacturing plant in Cooper River, South Carolina. The facility will adhere to the same quality standards as its Healthcare Industries Materials biopharmaceutical manufacturing facility in Hemlock, Michigan. The South Carolina manufacturing site will add extrusion ability online over the next two years to serve more strategic customers and to provide additional supply to Liveo Healthcare customers.
- In May 2022, BASF SE, which is a German-based chemical company announced the BASF hub program in collaboration with AHK Romania. They will bring together start-ups and innovators from 11 Central and Southeast European nations, including Romania. The project's goal is to serve as a launching pad for new businesses, promoting the best ideas and providing financial assistance.
- In August 2021, Evonik Industries, which is a German-based specialty chemical manufacturer, announced the acquisition of JeNaCell, a biotech company. Evonik's biomaterials portfolio has been expanded with the acquisition to offer biotechnologically derived cellulose. JeNaCell's nature-identical material is used in dermatology and medical technology for wound and burns treatment and hydro active skincare.
Products Covered:
- Hybrid
- Carbon Fiber-filled
- Glass Fiber
- Mineral-filled
- Unfilled
- Other Products
Applications Covered:
- Electronics & Electrical
- Consumer and Personal Care
- Industrial Equipment & Apparatus
- Automotive
- Transportation
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Product Code: SMRC23706
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Polyphthalamide Market, By Product
- 5.1 Introduction
- 5.2 Hybrid
- 5.3 Carbon Fiber-filled
- 5.4 Glass Fiber
- 5.5 Mineral-filled
- 5.6 Unfilled
- 5.7 Other Products
6 Global Polyphthalamide Market, By Application
- 6.1 Introduction
- 6.2 Electronics & Electrical
- 6.3 Consumer and Personal Care
- 6.4 Industrial Equipment & Apparatus
- 6.5 Automotive
- 6.6 Transportation
- 6.7 Other Applications
7 Global Polyphthalamide Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Akro Plastics GMBH
- 9.2 Arkema S.A.
- 9.3 Avient Corporation
- 9.4 BASF SE
- 9.5 Celanese Corporation
- 9.6 DuPont de Nemours, Inc.
- 9.7 Ecomass
- 9.8 Ems-Chemie Holding AG
- 9.9 Evonik Industries AG
- 9.10 PlastiComp Inc.
- 9.11 Pro Polymers Inc.
- 9.12 Saudi Basic Industries Corporation
- 9.13 Solvay S.A.
Product Code: SMRC23706
List of Tables
- Table 1 Global Polyphthalamide Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Polyphthalamide Market Outlook, By Product (2021-2030) ($MN)
- Table 3 Global Polyphthalamide Market Outlook, By Hybrid (2021-2030) ($MN)
- Table 4 Global Polyphthalamide Market Outlook, By Carbon Fiber-filled (2021-2030) ($MN)
- Table 5 Global Polyphthalamide Market Outlook, By Glass Fiber (2021-2030) ($MN)
- Table 6 Global Polyphthalamide Market Outlook, By Mineral-filled (2021-2030) ($MN)
- Table 7 Global Polyphthalamide Market Outlook, By Unfilled (2021-2030) ($MN)
- Table 8 Global Polyphthalamide Market Outlook, By Other Products (2021-2030) ($MN)
- Table 9 Global Polyphthalamide Market Outlook, By Application (2021-2030) ($MN)
- Table 10 Global Polyphthalamide Market Outlook, By Electronics & Electrical (2021-2030) ($MN)
- Table 11 Global Polyphthalamide Market Outlook, By Consumer and Personal Care (2021-2030) ($MN)
- Table 12 Global Polyphthalamide Market Outlook, By Industrial Equipment & Apparatus (2021-2030) ($MN)
- Table 13 Global Polyphthalamide Market Outlook, By Automotive (2021-2030) ($MN)
- Table 14 Global Polyphthalamide Market Outlook, By Transportation (2021-2030) ($MN)
- Table 15 Global Polyphthalamide Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 16 North America Polyphthalamide Market Outlook, By Country (2021-2030) ($MN)
- Table 17 North America Polyphthalamide Market Outlook, By Product (2021-2030) ($MN)
- Table 18 North America Polyphthalamide Market Outlook, By Hybrid (2021-2030) ($MN)
- Table 19 North America Polyphthalamide Market Outlook, By Carbon Fiber-filled (2021-2030) ($MN)
- Table 20 North America Polyphthalamide Market Outlook, By Glass Fiber (2021-2030) ($MN)
- Table 21 North America Polyphthalamide Market Outlook, By Mineral-filled (2021-2030) ($MN)
- Table 22 North America Polyphthalamide Market Outlook, By Unfilled (2021-2030) ($MN)
- Table 23 North America Polyphthalamide Market Outlook, By Other Products (2021-2030) ($MN)
- Table 24 North America Polyphthalamide Market Outlook, By Application (2021-2030) ($MN)
- Table 25 North America Polyphthalamide Market Outlook, By Electronics & Electrical (2021-2030) ($MN)
- Table 26 North America Polyphthalamide Market Outlook, By Consumer and Personal Care (2021-2030) ($MN)
- Table 27 North America Polyphthalamide Market Outlook, By Industrial Equipment & Apparatus (2021-2030) ($MN)
- Table 28 North America Polyphthalamide Market Outlook, By Automotive (2021-2030) ($MN)
- Table 29 North America Polyphthalamide Market Outlook, By Transportation (2021-2030) ($MN)
- Table 30 North America Polyphthalamide Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 31 Europe Polyphthalamide Market Outlook, By Country (2021-2030) ($MN)
- Table 32 Europe Polyphthalamide Market Outlook, By Product (2021-2030) ($MN)
- Table 33 Europe Polyphthalamide Market Outlook, By Hybrid (2021-2030) ($MN)
- Table 34 Europe Polyphthalamide Market Outlook, By Carbon Fiber-filled (2021-2030) ($MN)
- Table 35 Europe Polyphthalamide Market Outlook, By Glass Fiber (2021-2030) ($MN)
- Table 36 Europe Polyphthalamide Market Outlook, By Mineral-filled (2021-2030) ($MN)
- Table 37 Europe Polyphthalamide Market Outlook, By Unfilled (2021-2030) ($MN)
- Table 38 Europe Polyphthalamide Market Outlook, By Other Products (2021-2030) ($MN)
- Table 39 Europe Polyphthalamide Market Outlook, By Application (2021-2030) ($MN)
- Table 40 Europe Polyphthalamide Market Outlook, By Electronics & Electrical (2021-2030) ($MN)
- Table 41 Europe Polyphthalamide Market Outlook, By Consumer and Personal Care (2021-2030) ($MN)
- Table 42 Europe Polyphthalamide Market Outlook, By Industrial Equipment & Apparatus (2021-2030) ($MN)
- Table 43 Europe Polyphthalamide Market Outlook, By Automotive (2021-2030) ($MN)
- Table 44 Europe Polyphthalamide Market Outlook, By Transportation (2021-2030) ($MN)
- Table 45 Europe Polyphthalamide Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 46 Asia Pacific Polyphthalamide Market Outlook, By Country (2021-2030) ($MN)
- Table 47 Asia Pacific Polyphthalamide Market Outlook, By Product (2021-2030) ($MN)
- Table 48 Asia Pacific Polyphthalamide Market Outlook, By Hybrid (2021-2030) ($MN)
- Table 49 Asia Pacific Polyphthalamide Market Outlook, By Carbon Fiber-filled (2021-2030) ($MN)
- Table 50 Asia Pacific Polyphthalamide Market Outlook, By Glass Fiber (2021-2030) ($MN)
- Table 51 Asia Pacific Polyphthalamide Market Outlook, By Mineral-filled (2021-2030) ($MN)
- Table 52 Asia Pacific Polyphthalamide Market Outlook, By Unfilled (2021-2030) ($MN)
- Table 53 Asia Pacific Polyphthalamide Market Outlook, By Other Products (2021-2030) ($MN)
- Table 54 Asia Pacific Polyphthalamide Market Outlook, By Application (2021-2030) ($MN)
- Table 55 Asia Pacific Polyphthalamide Market Outlook, By Electronics & Electrical (2021-2030) ($MN)
- Table 56 Asia Pacific Polyphthalamide Market Outlook, By Consumer and Personal Care (2021-2030) ($MN)
- Table 57 Asia Pacific Polyphthalamide Market Outlook, By Industrial Equipment & Apparatus (2021-2030) ($MN)
- Table 58 Asia Pacific Polyphthalamide Market Outlook, By Automotive (2021-2030) ($MN)
- Table 59 Asia Pacific Polyphthalamide Market Outlook, By Transportation (2021-2030) ($MN)
- Table 60 Asia Pacific Polyphthalamide Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 61 South America Polyphthalamide Market Outlook, By Country (2021-2030) ($MN)
- Table 62 South America Polyphthalamide Market Outlook, By Product (2021-2030) ($MN)
- Table 63 South America Polyphthalamide Market Outlook, By Hybrid (2021-2030) ($MN)
- Table 64 South America Polyphthalamide Market Outlook, By Carbon Fiber-filled (2021-2030) ($MN)
- Table 65 South America Polyphthalamide Market Outlook, By Glass Fiber (2021-2030) ($MN)
- Table 66 South America Polyphthalamide Market Outlook, By Mineral-filled (2021-2030) ($MN)
- Table 67 South America Polyphthalamide Market Outlook, By Unfilled (2021-2030) ($MN)
- Table 68 South America Polyphthalamide Market Outlook, By Other Products (2021-2030) ($MN)
- Table 69 South America Polyphthalamide Market Outlook, By Application (2021-2030) ($MN)
- Table 70 South America Polyphthalamide Market Outlook, By Electronics & Electrical (2021-2030) ($MN)
- Table 71 South America Polyphthalamide Market Outlook, By Consumer and Personal Care (2021-2030) ($MN)
- Table 72 South America Polyphthalamide Market Outlook, By Industrial Equipment & Apparatus (2021-2030) ($MN)
- Table 73 South America Polyphthalamide Market Outlook, By Automotive (2021-2030) ($MN)
- Table 74 South America Polyphthalamide Market Outlook, By Transportation (2021-2030) ($MN)
- Table 75 South America Polyphthalamide Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 76 Middle East & Africa Polyphthalamide Market Outlook, By Country (2021-2030) ($MN)
- Table 77 Middle East & Africa Polyphthalamide Market Outlook, By Product (2021-2030) ($MN)
- Table 78 Middle East & Africa Polyphthalamide Market Outlook, By Hybrid (2021-2030) ($MN)
- Table 79 Middle East & Africa Polyphthalamide Market Outlook, By Carbon Fiber-filled (2021-2030) ($MN)
- Table 80 Middle East & Africa Polyphthalamide Market Outlook, By Glass Fiber (2021-2030) ($MN)
- Table 81 Middle East & Africa Polyphthalamide Market Outlook, By Mineral-filled (2021-2030) ($MN)
- Table 82 Middle East & Africa Polyphthalamide Market Outlook, By Unfilled (2021-2030) ($MN)
- Table 83 Middle East & Africa Polyphthalamide Market Outlook, By Other Products (2021-2030) ($MN)
- Table 84 Middle East & Africa Polyphthalamide Market Outlook, By Application (2021-2030) ($MN)
- Table 85 Middle East & Africa Polyphthalamide Market Outlook, By Electronics & Electrical (2021-2030) ($MN)
- Table 86 Middle East & Africa Polyphthalamide Market Outlook, By Consumer and Personal Care (2021-2030) ($MN)
- Table 87 Middle East & Africa Polyphthalamide Market Outlook, By Industrial Equipment & Apparatus (2021-2030) ($MN)
- Table 88 Middle East & Africa Polyphthalamide Market Outlook, By Automotive (2021-2030) ($MN)
- Table 89 Middle East & Africa Polyphthalamide Market Outlook, By Transportation (2021-2030) ($MN)
- Table 90 Middle East & Africa Polyphthalamide Market Outlook, By Other Applications (2021-2030) ($MN)
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