Overview and Scope
Polyphthalamide (PPA) resin is a semi-crystalline, aromatic polyamide that is used in LED headlights, fuel and coolant lines, motor bobbin parts, and pump wear rings, among others. It has good thermal, mechanical, and physical properties.
Sizing and Forecast
The polyphthalamide resin market size has grown strongly in recent years. It will grow from $2.14 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to market adoption in aerospace, expansion in industrial manufacturing, advancements in material formulations, substitution of metals, electrical and electronics applications, automotive industry adoption..
The polyphthalamide resin market size is expected to see strong growth in the next few years. It will grow to $3.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to global shift towards lightweight materials, research and development initiatives, expansion in aerospace and industrial sectors, growing focus on sustainable materials, rise in demand for electrical components.. Major trends in the forecast period include high-performance engineering plastics, substitution of metals and traditional materials, advancements in additive manufacturing, expansion in electrical and electronics sector, focus on sustainability..
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/polyphthalamide-resin-global-market-report
Segmentation & Regional Insights
The polyphthalamide resin market covered in this report is segmented –
1) By Product: Unreinforced Plain, Glass Fiber Reinforced, Carbon Fiber Reinforced, Mineral-Filled, Hybrid
2) By End User: Automobile, Electrical And Electronics, Machinery, Personal Care
Asia-Pacific has the largest region market in the polyphthalamide resin market in 2023. The regions covered in the polyphthalamide resin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=9146&type=smp
Major Driver Impacting Market Growth
The rising demand for personal care products is expected to propel the growth of the polyphthalamide resin market going forward. Personal care products are consumer products that are used for personal hygiene, grooming, and attractiveness. As polyphthalamide resin is a high-performance resin it is used in medical applications such as tubing for catheters, toothbrush bristles, and personal care items as they have improved chemical resistance, sensitivity to moisture absorption, and dimensional stability. For instance, according to L’Oréal a France-based personal care company, globally, its personal care products such as skincare grew by 8% in 2021. Therefore, the rising demand for personal care products is driving the growth of the polyphthalamide resin market.
Key Industry Players
Major companies operating in the polyphthalamide resin market report are BASF SE, Arkema S.A., Akro-Plastic GmbH, The DuPont de Nemours and Company, Ems-Chemie Holding AG, Royal DSM N.V., RTP Company Inc., Dow Inc., Saudi Basic Industries Corporation, PlastiComp Inc., Techmer Engineered Solutions LLC, Nagase America LLC, INEOS Group Limited, Ihne und Tesch GmbH, Kingfa SCI & TECH CO. LTD., Solvay S.A., Evonik Industries AG, Clariant International AG, DSM Engineering Plastics B.V., E-Polymers Co. Ltd., Eurostar Engineering Plastics, LG Chem Ltd., Lotte Advanced Materials Co. Ltd., Polyplastics Co. Ltd., Sumitomo Chemical Co. Ltd., TechnoCompound GmbH, Toray Industries Inc., Toyobo Co. Ltd., Victrex PLC, Zhejiang NHU Special Materials Co. Ltd. .
The polyphthalamide resin market report table of contents includes:
1. Executive Summary
2. Polyphthalamide Resin Market Characteristics
3. Polyphthalamide Resin Market Trends And Strategies
4. Polyphthalamide Resin Market – Macro Economic Scenario
5. Global Polyphthalamide Resin Market Size and Growth
.
.
.
31. Global Polyphthalamide Resin Market Competitive Benchmarking
32. Global Polyphthalamide Resin Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Polyphthalamide Resin Market
34. Polyphthalamide Resin Market Future Outlook and Potential Analysis
35. Appendix
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
