The global polyphthalamide market has been estimated at USD 815.66 million in 2017 and is projected to reach USD 1167.22 million by 2023. Polyphthalamide (PPA) is a semi-crystalline, aromatic polyamide. It is a high-performance polyamide. It is stronger, stiffer, more heat-resistant and less sensitive to moisture as compared to conventional polyamide. It also possesses significant chemical, fatigue, and creep resistance. Moreover, it is known to resist infrared soldering environments, unlike many other resins. Owing to its excellent physical, thermal, and electrical properties, PPA finds wide range of applications in different end-user Industries. Some common applications include, automotive motor bobbin parts, fuel line connectors, and coolant pumps, as well as bushings and bearing pads in aircraft engines. PPA is also used for pump wear rings in the oil & gas and energy industries.
On the basis of end-user industry, the market is segmented into automotive, electrical & electronics, industrial, oil & gas, healthcare, personal care, etc. In terms of consumption, the automotive sector is currently the major consumer of polyphthalamide resins, followed by the electrical & electronics sector.
Increasing Demand from Automotive Industry
In the automotive industry, PPA finds applications in automotive components, such as motor bobbin parts, fuel and coolant lines, fuel cut-off valves, coolant pumps, and air coolers, amongst others. In the electrical & electronics industry it is commonly used in connectors, switches, and for electrical insulation in cables and wires. Expansion in the automotive sector, along with introduction of lightweight vehicles is the key driving force popularity of polyphthalamide resins. The market is also driven by its growing demand in the electrical & electronics industry. In addition, for rising growing substitution of metal with polyphthalamide in various applications is also expected to boost the growth of the market. Furthermore, the increasing usage of bio-based PPA and escalating demand for fuel-efficient and lightweight vehicles across the world will offer numerous opportunities for the growth of the global polyphthalamide market.
Asia-Pacific to Dominate the Market Growth
The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and Middle East & Africa. In terms of consumption in 2017, APAC led the market with a share of more than 35%. Asia-Pacific is also expected to witness the fastest growth due to high concentration of electronics manufacturers, where companies are focusing toward using plastic construction materials to reduce the vehicle weight, as well as system costs. Due to rising population and improvement in the financial status of consumers, the purchasing power of the middle-class consumers has increased, which, in turn, is increasing the demand for automobiles in the Asia-Pacific region. This is making the region an area of immense potential and opportunities. However, the volatility in raw material prices in the region has considerably hindered the growth of this market.
Major Players: DowDuPont, DSM, Arkema, Evonik, Sabic Innovative Plastics, and Solvay S.A., amongst others.
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Regulatory Policy Analysis
3.3 Industry Attractiveness - Porter’s Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
3.4 Raw Material Analysis
3.5 Patent Analysis
4. Market Dynamics
4.1.1 Increasing Demand in Automotive Industry
4.1.2 Dynamic economic development in Asia Pacific
4.1.3 Growing Demand in Electrical & Electronics Industry
4.1.4 Light Weight Substitute for Metals in industrial applications
4.2.1 Environmental Regulations
4.2.2 High Cost of Raw Materials
4.2.3 Limited Product Life
4.3.1 Increasing Usage of Bio-based Polyphthalamides
4.3.2 Escalating Demand for Fuel Efficient and Lightweight Vehicles
4.3.3 Growing Demand in Personal Care & Medical Industries
5. Market Segmentation Analysis (Market Size, Growht & Forecast)
5.1 By Type
5.1.2 Mineral Filled
5.1.3 Glass Fiber Filled
5.1.4 Carbon Fiber Filled
5.2 By Application
5.2.1 Automotive motor bobbin parts
5.2.2 Electronic Components
5.2.3 Fuel line connectors
5.2.4 Coolant Pumps
5.2.5 Bushings and bearing pads in aircraft engines
5.2.6 Oil & Gas supply lines
5.2.7 Medical Equipment
5.2.8 Personal Care Products & Sports Equipments
5.3 By End User Industry
5.3.2 Electrical & Electronics
5.3.4 Oil & Gas
5.3.6 Personal Care
6. Regional Analysis (Market Size, Growht & Forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 MIddle-East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.4 Rest of MEA
7. Future of Industry
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.3 Market Share Analysis**
8.4 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials** Products & Services, Recent Developments and Analyst View)
9.3 Sabic innovative plastics
9.4 EMS Chemie Holding AG
9.6 Solvay S.A.
9.7 Polyone Corporation
9.9 Propolymers Inc.
9.10 Akro Plastics GMBH
9.13 TER HELL Plastic GMBH
9.14 Witcom Engineering Plastics B.V.
9.15 Zhejiang NHU Special Materials Co., Ltd
9.16 PlastiComp, Inc.
9.17 Celanese Corporation
9.18 PlastiComp, Inc.
9.20 E-Polymers Co. Ltd.
9.21 Ecomass Technologies
9.23 Lehmann & Voss & Co.
9.24 Techmer ES
9.25 Ovation Polymers
*List not Exhaustive
**Subject to Availability on public Domain