Press Release

POLYPHTHALAMIDE (PPA) EXPERIENCING LARGEST DEMAND FROM AUTOMOBILES APPLICATIONS – AXIOM MRC

 

July 2018: Axiom Market Research & Consulting™ added a report on Global polyphthalamide (PPA) market. The global polyphthalamide market was valued at USD 789.45 million in 2017, growing at a CAGR of 8.61% for the forecast period 2019 to 2024. The global market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the polyphthalamide (PPA) market. The market was studied for types of polyphthalamide (PPA) such as carbon fibre, glass fibre filled, mineral filled and unfilled. Based on application, the polyphthalamide (PPA) industry is segmented into automotive, electrical & electronics, industrial equipment & apparatus, consumer & personal care and others. Moreover, the key regions considered for the study were North America, Europe, Asia-Pacific and Rest of the World.

Usage of PPA as metal replacement in industrial applications is fueling the market

The global polyphthalamide (PPA) market is driven by factors such as growing usage of PPA in the automobile and industrial machinery, use of PPA as metal replacement in industrial applications and high penetration of PPA into new application areas. However, high production cost of PPA compared to other thermoplastic nylons is hampering the market growth.

Glass fiber type dominated the polyphthalamide (PPA) market in 2017

Amongst various types, the glass fiber accounted the highest market share in 2017 and is estimated to grow swiftly, due to extensive use in automotive, electronics, consumer & personal care and machinery applications.

In 2017, Automobiles hold the largest share of polyphthalamide (PPA) application

In 2017, automobiles segment dominated the market and is anticipated to maintain its market hold over the next six years. This segment is witnessing growth owing to rising demand of PPA resins to produce automobile body parts including charge air hoses, heating and cooling systems, and induction systems among others.

Asia Pacific is anticipated to be the fastest growing market during the forecast period 2019 to 2024

In 2017, Asia Pacific dominated the polyphthalamide (PPA) market and is also anticipated to be the fastest growing market during the forecast period. This growth is mainly credited to intensifying demand of PPA for various applications such as automotive, electronics and electrical and industrial equipment among others. The growth of polyphthalamide in Asia Pacific is followed by the regions of Europe and North America.

The market is extensively studied for important countries of key regions such as North America, Europe, Asia Pacific and Rest of the World.

The major players profiled for the global polyphthalamide (PPA) market are EMS Chemie Holding AG, DuPont, BASF SE, Solvay S.A., Evonik Industries AG, Arkema S.A. and SABIC. Other prominent players of the PPA market includes Royal DSM, Celanese Corporation, Mitsui Chemicals, Kuraray Co. Ltd among others.

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