Polyphthalamide (PPA) are mixtures of aromatic and aliphatic functionalities. They are crystalline in nature and offer high strength and stiffness at elevated temperatures. Polyphthalamide have an important advantage over other polyamide products in thermal management applications due to their aromatic nature. This translates into extended opportunity for replacement of metal deeper into the powertrain, providing benefits in weight reduction, feature flexibility and potential for cost reduction. Furthermore, polyphthalamide represent a class of polymers, contradictory to the polymer backbone and consequently showing differences in performance.
The global polyphthalamide (PPA) market has gained sustainable growth owing to growing usage of PPA in the automobile and industrial machinery and use of PPA as metal replacement in industrial applications. Polyphthalamide-based materials are used in the manufacturing of various components in the automotive industry. Due to their aromatic nature, polyphthalamide have an important advantage over other polyamide products in thermal management applications. These promising properties of polyphthalamide have increased the opportunity for the substitution of metals in the powertrain, offering several benefits in weight reduction, feature flexibility, and potential for cost reduction. Furthermore, the overall market is also being propelled by high penetration of PPA into new application areas. Numerous small domestic appliances such as power tools and gardening equipment contain PPA components. The conventional connectors currently used in many domestic appliances are being converted to surface mount technology, thereby creating further opportunities for PPA. Currently, most prominent trend witnessed by the market is advancement and commercialization of bio-based polyphthalamide. PPA can be made from bio-based decamethylendiamine plus terephthalic acid and are available in different forms from Evonik (Vestamid HT Plus) to EMS Grivory (Grilamid HT3), both with up to 50% renewable resources. Recently, Evonik has added a group of bio-based polyamides to its VESTAMID family. Whereas, under the general term GreenLine, EMS-GRIVORY markets a wide range of bio-based polyamides which are manufactured partially or wholly from renewable raw materials. However, the global polyphthalamide (PPA) market is hampered by high production cost compared to other thermoplastic nylons and stringent environmental regulations.
The report analyses the polyphthalamide (PPA) market based on type, application, and geography.
Based on type, the global polyphthalamide market is segmented into carbon fiber filled, glass fiber filled, mineral fiber filled, and unfilled. In 2017, the glass fiber accounted for the largest share of the PPA market, as it is extensively used in automotive, electronics, consumer & personal care, and machinery applications. By means of its heat resistant and low moisture absorption properties, carbon fiber filled segment is gaining momentum and accounted for the second largest share of the global PPA market in 2017.
Based on application, the global polyphthalamide market is segmented into automotive, electrical & electronics, industrial equipment & apparatus, consumer & personal care and others which includes (water heater among others). In 2017, the automobiles segment dominated the market and is anticipated to maintain its market hold over the next six years. This segment is witnessing growth owing to rising demand of PPA resins to produce automobile body parts, for instance charge air hoses, heating and cooling systems, and induction systems among others. Moreover, the electronics & electrical segment accounted for the second largest share of the market in 2017. Industrial equipment and apparatus segment are projected to witness moderate growth during the forecast period, owing to high industrial growth, especially in Asia Pacific region.
By geography, the global polyphthalamide (PPA) market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East & Africa. In 2017, Asia Pacific dominated the polyphthalamide (PPA) market. The growth of Asia Pacific is mainly attributed to intensifying demand of PPA for various applications such as automotive, electronics and electrical and industrial equipment among others. Asia Pacific is also anticipated to be the fastest growing market during the forecast period. The growth of polyphthalamide in Asia Pacific is followed by the regions of Europe and North America. Both these economies are projected to witness significant growth rate during the forecast period of 2016 to 2024. In Europe, Eastern Europe offers huge potential owing to rise in vehicle manufacturing. Demand for lightweight materials in the automobile industry has also led to strong market growth of polyphthalamide in this region. Moreover, North America market is projected to witness development owing to rise in demand from electronics & electrical appliances and industrial equipment sectors.
The leading players of the global polyphthalamide (PPA) market are EMS Chemie Holding AG, DuPont, BASF SE, Solvay S.A., Evonik Industries AG, Arkema S.A., SABIC. Other prominent players of the PPA market includes Royal DSM, Celanese Corporation, Mitsui Chemicals, Kuraray Co. Ltd among others. In March 2018, Evonik Industries AG expanded it range of base polymers by developing new polymer for the plastic industry. Also, products like Vestamid HTplus and Vestamid HTplus R were developed as a replacement for metals. The global Polyphthalamide (PPA) market is highly competitive and diversified due to the presence of many vendors across the globe. However, the market is also characterized by the presence of a few number of small regional vendors, who account for notable market shares.
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