Polyphthalamide Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

PUBLISHED

MAR 2018

Polyphthalamide Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The global polyphthalamide market is expected grow at a significant rate during the forecast period, majorly driven by the increasing demand from the automotive industry. Polyphthalamide (PPA) is a high heat-resistant, semi-crystalline, and partially aromatic polyamide. It has high dimensional stability, good chemical resistance, low moisture absorption, and excellent mechanical properties. Due to these qualities, PPA is ideal for use in high temperature conditions or in a chemical environment.

Increasing Demand from Automotive Industry Driving the Market

Polyphthalamide-based materials are used for the manufacturing of various components in the automotive industry. Owing to their aromatic nature, polyphthalamides have a fundamental advantage over other polyamide products in thermal management applications. These favorable properties of polyphthalamides have increased the opportunity for the substitution of metals in the powertrain, providing benefits in weight reduction, feature flexibility, and potential for cost reduction. China is the largest producer in the automotive industry, with more than 29 million automobiles (passenger and commercial vehicles combined) produced in 2017. Thus, increasing demand from the automotive industry is majorly driving the market.

Glass Fiber-Filled PPA to Dominate the Market

Glass fibers are among the most popular reinforcement additives for polymer-based composites. They are useful in applications where excellent mechanical performance is mandatory. Polyphthalamide features excellent thermal and mechanical performance, especially considering tensile properties and resistance to creep and fatigue. Glass fiber-filled PPA resins can provide outstanding resistance to applied loads, both static and dynamic, owing to the enhanced flexibility when compared to stiff carbon fiber-reinforced PPA resins. These resins serve the construction, consumer recreation, marine, transportation, and power generation sectors. The automotive sector is a significant end user of the glass-reinforced PPA resins. The increasing number of electric cars in the coming years are expected to augment the demand for glass fiber-filled PPA grades.

Asia-Pacific Dominating the Polyphthalamide Market

In Asia-Pacific, China is the largest producer in the automotive industry, with more than 29 million automobiles (passenger and commercial vehicles combined) produced in 2017. In 2017, automotive production grew at 3.3% and this is one of the major driving factors boosting the polyphthalamide market. In India, the automotive production has been growing at a higher rate, with the passenger vehicles exhibiting the highest growth rate during 2017. In 2017, more than 4.8 million units of vehicles were produced in the country. Apart from that, Apple Inc. recently announced that it is going to start its manufacturing base in Bengaluru, Karnataka. In 2016, another major mobile manufacturing company, Xiaomi, said that it was gearing up its assembly plants in India by starting a second assembly point. These projects are likely to further propel the demand for polyphthalamide market for electronic assembling operations in India.

                                      

Major Players: Arkema, Celanese Corporation, Evonik Industries, and Kuraray among others.

Reason to Purchase the Report

  • To understand the impact of various product type on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating product type and end-user industry in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

              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 Industry Attractiveness – Porter’s Five Forces Analysis

                             3.2.1 Bargaining Power of Suppliers

                             3.2.2 Bargaining Power of Buyers

                             3.2.3 Threat of New Entrants

                             3.2.4 Threat of Substitute Products and Services

                             3.2.5 Degree of Competition

4. Market Dynamics

              4.1 Drivers

                             4.1.1 Increasing Demand from Automotive Industry

                             4.1.2 Growing Demand in Electrical & Electronics Industry

                             4.1.3 Lightweight Substitute for Metals in Industrial Applications

              4.2 Restraints

                             4.2.1 Stringent Environmental Regulations

                             4.2.2 High Cost of Raw Materials

              4.3 Opportunities

                             4.3.1 Increasing Usage of Bio-based Polyphthalamides

                             4.3.2 Growing Demand in Personal Care & Medical Industries

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

              5.1 By Type

                             5.1.1 Unfilled

                             5.1.2 Mineral-filled

                             5.1.3 Glass Fiber-filled

                             5.1.4 Carbon Fiber-filled

              5.2 By End-user Industry

                             5.2.1 Automotive

                             5.2.2 Electronics & Electrical

                             5.2.3 Industrial Equipment & Apparatus

                             5.2.4 Consumer & Personal Care

                             5.2.5 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)

              6.1  Asia-Pacific

                             6.1.1 China

                             6.1.2 India

                             6.1.3 Japan

                             6.1.4 South Korea

                             6.1.5 Rest of Asia-Pacific

              6.2  North America

                             6.2.1 United States

                             6.2.2 Canada

                             6.2.3 Mexico

                             6.2.4 Rest of North America

              6.3  Europe

                             6.3.1 Germany

                             6.3.2 United Kingdom

                             6.3.3 Italy

                             6.3.4 France

                             6.3.5 Rest of Europe

              6.4  South America

                             6.4.1 Brazil

                             6.4.2 Argentina

                             6.4.3 Rest of South America

              6.5 Middle-East & Africa

                             6.5.1 Saudi Arabia

                             6.5.2 South Africa

                             6.5.3 Rest of Middle-East & Africa

7. Competitive Landscape

              7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements

              7.2 Market Share Analysis**

              7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)

              8.1 Resin Manufacturers

                             8.1.1 DowDuPont

                             8.1.2 EMS-CHEMIE HOLDING AG

                             8.1.3 Solvay

              8.2 Compounders

                             8.2.1 Arkema Group

                             8.2.2 Celanese Corporation

                             8.2.3 DowDuPont

                             8.2.4 DSM

                             8.2.5 Ecomass

                             8.2.6 EMS-CHEMIE HOLDING AG

                             8.2.7 Eurotec A.S

                             8.2.8 Evonik Industries AG

                             8.2.9 K.D. FEDDERSEN (AKRO-PLASTIC)

                             8.2.10 PlastiComp, Inc.

                             8.2.11 Pro Polymers Inc.

                             8.2.12 Solvay

              *List Not Exhaustive

9. Disclaimer

**Subject to availability on public domain

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