Polyphthalamide Resin Market Materials Market statistics and research analysis released in latest report

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Polyphthalamide Resin Market to Cross USD 1.8bn
by 2024
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• Global Market Scenario of Polymer Industry

• Polyphthalamide (PPA) Resin Market size will
  exceed USD 1.8 billion by 2024 according to a
  new research report by Global Market Insights,
  Inc.
• The polyphthalamide resin market will be
  primarily driven by the rise in regulations
  globally by respective governments to produce
  fuel-efficient lightweight vehicles, pressure on
  OEMs to reduce the engine size and weight along
  with the global expansion of the automotive
  industry.
• PPA is a bio-based sustainable plastic resin,
  which is being widely used as a metal replacement
  option in automotive under-the-hood applications.
  The application ranges from connectors, brake
  boosters, tubing systems, brake systems, brake
  booster parts, and hoses.
• It also finds wide applications in the
  electronics industry as LED packaging materials,
  reflectors, cell phones, plastic sockets, as
  connectors for computers, printers, etc.
•  

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• Companies in the PPA business are constantly
  developing innovative products, which will cater
  to different industries other than the
  above-mentioned oil gas, drinking water,
  medical device materials, and food contact
  materials industries.
• The backward integration strategy is expected to
  increase over the years to achieve cost
  efficiencies. Arkema has already acquired Ihsedu
  Agrochem, a subsidiary of Jayant Agro, which is a
  leading producer of castor oil, a raw material in
  the production of PPA. Companies are looking for
  long-term reliable sources of castor oil globally
  owing to the rise in demand for bio polyamides.

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• 360 Industry Analysis

• Increasing RD activities for improved composite
  materials, the high cost of PPA resins, and the
  use of traditional oil-based plastics in
  developing nations will show some adverse impacts
  on the PPA market, restraining its full growth to
  some extent over the projected years.
• Automotive remains the largest end-user of PPA
  compounds as it has exceptional strength,
  stiffness, and heat creep resistance. Moreover,
  the properties of compounds are modified by
  adjusting the percentage of glass fiber, carbon
  fiber, and minerals in it. The PPA industry is
  becoming highly competitive in nature and
  companies are constantly innovating new products.
  Recently, DSM introduced ForTii, a PPA product
  line suitable for prolonged elevated temperatures
  in carburetor housing units. Solvay supplies a
  wide range of PPA resin products for a wide range
  of applications, such as electric motors, in fuel
  cell vehicles among other applications. Evonik
  has a comprehensive range of PPA, which finds
  applications in automotive, drinking water grade
  pipes, and electronics.

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• 360 Analysis

• In electronics, LEDs reflectors are the single
  largest application of PPA, which is already
  being used by Philips in its product line. The
  use of PPA prevents reflectors from turning
  yellow over a period due to heat. Flame-retardant
  PPA also finds applications as connectors for
  printers and memory card bases. PPA also finds
  applications in the replacement of traditional
  brass molded components in drinking water
  applications.

• Competitive Analysis

Vital operating players in the global
polyphthalamide market are DSM, Evonik,
Dow-DuPont, Akro Plastics GmbH, Arkema, and
Solvay. 
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Latest Research Report On Polyphthalamide Resin
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