Polyphthalamide Resin Market 2019 Global Trends, Market Share, Industry Size, Growth Factors, Opportunities and Regional Forecast By 2024

Global Market Insights, Inc. present the report on global Polyphthalamide Resin Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research.

Global Market Insights, Inc. has recently added a report on Polyphthalamide Resin Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

Polyphthalamide (PPA) resin 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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According to a new research report. Polyphthalamide resin Market will exceed USD 1,852 million by 2024. 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, PPA resin 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.

PPA application in electrical and electronic components is deemed to gain profitable polyphthalamide resin 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.

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Polyphthalamide resin 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.

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.

Automotive is fastest approaching segment of this polyphthalamide resin 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.

Partial Chapter of the Table of Content:
Chapter 3. Polyphthalamide Resin Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.1.1. List of key manufacturers/suppliers
3.3.1.2. List of key/potential customers
3.3.2. Distribution channel analysis
3.3.3. Profit margin
3.3.4. Value addition
3.4. Technology landscape
3.5. Raw material analysis
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Pricing analysis
3.7.1. Regional pricing
3.7.2. Cost structure analysis
3.7.2.1. R&D cost
3.7.2.2. Manufacturing & equipment cost
3.7.2.3. Raw material cost
3.7.2.4. Distribution cost
3.7.2.5. Operating cost
3.7.2.6. Miscellaneous cost
3.7.3. Price by product
3.7.4. Price by end-user
3.7.5. Price by region
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1. Global drivers
3.8.1.1.1. Rise in metal substitute plastics in automotive industry
3.8.1.2. Regional drivers
3.8.1.2.1. Regulations in Europe on CO2 emissions
3.8.2. Industry pitfalls & challenges
3.9. Growth potential analysis
3.10. Patent Landscape
3.11. Porter's analysis
3.11.1. Supplier power
3.11.2. Buyer power
3.11.3. Threat of new entrants
3.11.4. Threat of substitutes
3.11.5. Industry rivalry
3.12. Competitive landscape, 2016
3.12.1. Company Market Share Analysis
3.12.2. Strategic Dashboard
3.12.3. List of Manufacturing Plants
3.13. PESTEL analysis

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

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Name: Arun Hedge
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Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/polyphthalamide-ppa-resin-market

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