Market Size of Polyphthalamide (PPA) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyphthalamide (PPA) Market Analysis
The polyphthalamide market (PPA) is expected to witness a CAGR of around 5% during the forecast period. One of the major factorsdriving the market studied is the increasing demand from the end-user industries, such as automotive and electrical and electronics. However, stringent environmental regulations and increasing raw materials cost are expected to hinder the growth of the market studied.
- The applications in the automotive industry dominated the market, and it is expected to grow during the forecast period, owing to the continuous research and innovation conducted by the industry, in order to produce lightweight vehicles.
- Besides, increasing usage of bio-based PPA is likely to act as an opportunity for the market in the future.
- Asia-Pacific dominated the market across the world with the largest consumption from countries, such as China and India.
