Categories: Market Research

Polyphthalamide Resin Market Growth Outlook Through 2024-2033

Overview and Scope
Polyphthalamide (PPA) resin is a semi-crystalline, aromatic polyamide that is used in LED headlights, fuel and coolant lines, motor bobbin parts, and pump wear rings, among others. It has good thermal, mechanical, and physical properties.

Sizing and Forecast
The polyphthalamide resin market size has grown strongly in recent years. It will grow from $2.14 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to market adoption in aerospace, expansion in industrial manufacturing, advancements in material formulations, substitution of metals, electrical and electronics applications, automotive industry adoption..

The polyphthalamide resin market size is expected to see strong growth in the next few years. It will grow to $3.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to global shift towards lightweight materials, research and development initiatives, expansion in aerospace and industrial sectors, growing focus on sustainable materials, rise in demand for electrical components.. Major trends in the forecast period include high-performance engineering plastics, substitution of metals and traditional materials, advancements in additive manufacturing, expansion in electrical and electronics sector, focus on sustainability..

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Segmentation & Regional Insights
The polyphthalamide resin market covered in this report is segmented –

1) By Product: Unreinforced Plain, Glass Fiber Reinforced, Carbon Fiber Reinforced, Mineral-Filled, Hybrid
2) By End User: Automobile, Electrical And Electronics, Machinery, Personal Care

Asia-Pacific has the largest region market in the polyphthalamide resin market in 2023. The regions covered in the polyphthalamide resin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rising demand for personal care products is expected to propel the growth of the polyphthalamide resin market going forward. Personal care products are consumer products that are used for personal hygiene, grooming, and attractiveness. As polyphthalamide resin is a high-performance resin it is used in medical applications such as tubing for catheters, toothbrush bristles, and personal care items as they have improved chemical resistance, sensitivity to moisture absorption, and dimensional stability. For instance, according to L’Oréal a France-based personal care company, globally, its personal care products such as skincare grew by 8% in 2021. Therefore, the rising demand for personal care products is driving the growth of the polyphthalamide resin market.

Key Industry Players

Major companies operating in the polyphthalamide resin market report are BASF SE, Arkema S.A., Akro-Plastic GmbH, The DuPont de Nemours and Company, Ems-Chemie Holding AG, Royal DSM N.V., RTP Company Inc., Dow Inc., Saudi Basic Industries Corporation, PlastiComp Inc., Techmer Engineered Solutions LLC, Nagase America LLC, INEOS Group Limited, Ihne und Tesch GmbH, Kingfa SCI & TECH CO. LTD., Solvay S.A., Evonik Industries AG, Clariant International AG, DSM Engineering Plastics B.V., E-Polymers Co. Ltd., Eurostar Engineering Plastics, LG Chem Ltd., Lotte Advanced Materials Co. Ltd., Polyplastics Co. Ltd., Sumitomo Chemical Co. Ltd., TechnoCompound GmbH, Toray Industries Inc., Toyobo Co. Ltd., Victrex PLC, Zhejiang NHU Special Materials Co. Ltd. .

The polyphthalamide resin market report table of contents includes:

1. Executive Summary

2. Polyphthalamide Resin Market Characteristics

3. Polyphthalamide Resin Market Trends And Strategies

4. Polyphthalamide Resin Market – Macro Economic Scenario

5. Global Polyphthalamide Resin Market Size and Growth
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31. Global Polyphthalamide Resin Market Competitive Benchmarking

32. Global Polyphthalamide Resin Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Polyphthalamide Resin Market

34. Polyphthalamide Resin Market Future Outlook and Potential Analysis

35. Appendix

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