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Polyphthalamide Resin Market Growth Factors, Latest Trend And Regional Analysis Of Leading Players By 2024

Author : Rahul Varpe | Published Date : 2019-04-30 

Polyphthalamide Resin Market application in electrical and electronic components is deemed to gain profitable market share because of rise in applications including capacitor, chip carriers, LEDs, SMT electronics machineries, etc. The miniaturization trend in the electronic market is favoring the PPA resin as this is chiefly used where high-density material is required such as sub miniature. Its features like electrical insulation, strength, good flow and dimensional stability are instrumental in influencing application for PPA market.

Glass fiber reinforced market is importantly growing in various end-user industry. The usage of glass fiber in resin varies in between 5-60% which change in accordance to its application. Carbon fiber reinforcement consist of light density, creep resistance and high toughness qualities making it ideal fit for electronics and automotive industry.

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Polyphthalamide Resin Market will exceed USD 1,852 million by 2024; according to a new research report. Market growth is hindered by less commercialization of PPA in developing countries such as India, Thailand, Malaysia and Vietnam where car production is high. These companies are still relying on conventional plastics which are low in cost but increase the Volatile Organic Emissions (VOC) during production. Also, there are some substitute materials which can be used at higher temperatures than PPA which can further restrain the market from growing.

Polyphthalamide Resin Market is majorly used to manufacture different automotive components such as hoses, filters, tubes among others. PPA resin is obtained from combination of bio-based & oil based materials such as terephthalic and dicamethylendiamine acid. PPA offers higher strength and stiffness at soaring temperature. Further, its properties are improved by adding carbon fiber, glass fiber and mixture of other materials for obtaining better quality PPA resin which finds wide range of application in automotive parts, electronic devices, domestic applications and plastic substances.

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Various regional government have implemented several regulations for increasing energy efficiency and car shelf life. To enhance car efficiency several R&D activities are performed to discover engineering plastic which can replace metal and enhance car performance. PPA is majorly used in place of metals in automotive industry owing to its features which help them to function at high temperature up to 220o Celsius. 

Moreover, Polyphthalamide Resin Market can be processed with various method such as blow molding, injection or extrusion making it easy to manufacture. This resin has ability to substitute some grades of polyamide because of its lower cost & improved capabilities.

Automotive is fastest approaching segment of this market which will continue to dominate market in coming years. Automotive is expected to grow around 3-4% yearly, countries like U.S., China and India will be the governing regions. Electronic is second largest segment owing to its largest application as LED's reflectors which is used by many companies one of them is Philips. PPA resin in bulbs prevents reflectors turning yellow for longer period thus improving the light quality.

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Prominent market player operating across the globe are Evonik, DSM, Dow-DuPont, Arkema, Solvay and Akro Plastics. The key players of the global Polyphthalamide Resin Market are following different strategies to gain significant market share.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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