Industry Outlook
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
Based upon product type, global polyphthalamide market is categorized into Carbon Fiber Filled, Glass Fiber Filled, Mineral Filled, Unfilled. In 2017, glass fiber filled segment accounted for the highest share of the market pie of more than 70% in terms of value and it is also projected to be the fastest growing segment. With its low moisture absorption and heat resistant properties carbon fiber segment is gaining momentum and projected to grow at a higher CAGR from 2018 to 2026. It accounted for the second largest share of the global PPA market in 2017. On the other hand, mineral filled and unfilled type are projected to lose out some of its market share to above-mentioned segment.
Paints & Coatings industry expected to register highest CAGR in upcoming years
Polyphthalamide (PPA) have uses in various different industries. The study covers application of PPA in automotive application, electronics & electrical application, industrial application, consumer & personal care application (hair dryer bristles, styling brushes, toothbrush bristles, etc.). In 2017, automobiles segmented dominated the market, accounted for more than 45% share of the market in terms of revenue, and projected to maintain its dominance during the forecast period of 2018 to 2026. The segment has witnessed a substantial growth owing to rising demand of polyphthalamide (PPA) resins for the production of body parts of automobile, such as cooling and heating systems, induction systems and charge air hoses among others. Furthermore, all the applications are divided into sub segments as follows.
Asia Pacific dominated the global polyphthalamide (PPA) market and expected to maintain its pole position in upcoming years
In base year 2017, Asia Pacific dominated the global PPA market and accounted for more than 35% revenue share of global the market. This growth is mainly attributed owing to rising demand from various end use sectors such as electronics and electrical, industrial equipment and automotive among others. Asia Pacific is also projected to be the fastest growing market. Asia Pacific was followed by North America and Europe. Both these economies are projected to witness substantial growth rate during the forecast period of 2018 to 2026. In Europe, Eastern Europe offers huge potential owing to rise in vehicle production. Demand for lightweight materials in the automobile industry has led to strong market growth for PPA in the region.
Highly fragmented market owing to presence of various large and small scale companies
Global polyphthalamide (PPA) market is highly fragmented owing to the presence of various large and small companies. Arkema Group, Arko-Plastic GmbH, BASF SE, DuPont EI De Nemours & Co., EMS-CHEMIE HOLDING AG, Eurotec Mühendislik Plastikleri San. ve Tic. A.Ş., Evonik Industries AG, PlastiComp, Inc., Polyone Corporation, Propolymers, Inc., SABIC (Saudi Arabia Basic Industries Corporation), and Solvay S.A are few key players operating in the global polyphthalamide (PPA) market.
Market Synopsis
Historical & Forecast Period
2016 – Historical Year
2017 – Base Year
2018-2026 – Forecast Period
Our study analyzed each market segment during the period of 2016 to 2026 with 2017 as the base year. Forecast period between 2018 and 2026 considered for the CAGR calculation.
Report Scope
The report enlightens the thorough outline of global polyphthalamide (PPA) market by categorizing the market in different segment given below:
Polyphthalamide (PPA) Market, by Product Type Segment (2016–2026) (Kilo Tons) (US$ Mn)
Polyphthalamide (PPA) Market, by Application Segment (2016–2026) (Kilo Tons) (US$ Mn)
Polyphthalamide (PPA) Market, Geography Segment (2016–2026) (Kilo Tons) (US$ Mn)
This research report describes leading continents and their major countries, along with profiles of key players operating in overall market and their planned developments. Our report further defines the overall market dynamics such as drivers, challenges, and opportunities prevalent in the market to understand global polyphthalamide (PPA) market more explicitly. Our in-depth quantitative and quantitative analysis of each segment up to country level highlights revenue pockets and investment opportunities in the market.
Key questions answered in this report