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Polyphthalamide (PPA) Resin Market Size
- Report ID: GMI2361
- Published Date: Jan 2020
- Report Format: PDF
Polyphthalamide Resin Market Size
Polyphthalamide (PPA) Resin Market size was valued at over USD 1 billion in 2018 and is estimated to exhibit over 6.5% CAGR from 2019 to 2026. Rising popularity of plastic materials in automotive manufacturing over traditional metals is going to propel the industry growth within the forecast time period.
PPA resin is a semi-crystalline aromatic polyamide, with key building blocks as isophthalic acid-based amides, terephthalic acid, or combination of the two. The aromatic content in the polymer chain helps in increasing heat stability, melting point, rigidity, chemical resistance, and moisture absorption characteristics. These resins are widely used to replace metal in numerous applications including automotive, electrical, aerospace, etc.
The introduction of plastics in automotive manufacturing has revolutionized the industry in so many ways. Nowadays, many automotive manufacturers are opting plastic over metal for production of various parts & components. It aids in reducing the weight of automobiles in a significant manner along with benefits of cost optimization. As vehicle weights are reduced, it minimizes the amount of CO2 emissions. In addition, fuel efficiency of the vehicles is increased which represents a key factor for customers while making purchase.
In automotive industry, PPAs are used in powertrain, tubing systems, air intake systems, brake systems, hoses, fuel line connectors, engine coolant components, etc. The adoption of polyphthalamide resins is going to increase in future due to superior dimensional stability, high chemical resistance, excellent mechanical strength & stiffness, good creep & fatigue resistance, high deflection temperature properties, etc.
| Report Attribute | Details |
|---|---|
| Base Year: | 2018 |
| Polyphthalamide Resin Market Size in 2018: | 1.19 Billion (USD) |
| Forecast Period: | 2019 to 2026 |
| Forecast Period 2019 to 2026 CAGR: | 6.6% |
| 2026 Value Projection: | 1.97 Billion (USD) |
| Historical Data for: | 2016 to 2018 |
| No. of Pages: | 155 |
| Tables, Charts & Figures: | 169 |
| Segments covered: | Product, End-use Industry, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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In addition, these resins can be easily molded, thereby making production much smoother and highly efficient. Rising product usage over conventional metals in automotive manufacturing will bolster the polyphthalamide resin market growth during the forecast time span.
Environmental awareness will help promote the market growth
The awareness regarding vehicle CO2 emissions and associated harmful environmental impacts is increasing all over the world. Various countries are formulating policies and regulatory guidelines to curb these emissions.
For instance, European Union has specified guidelines and set targets for automotive manufacturers to control CO2 emissions of passenger cars and light commercial vehicles by 2030. Hefty fines will be assigned to the manufacturers who will fail to comply with these regulations. Such trends will compel automotive manufacturers to use the polyphthalamide resins in automotive manufacturing thereby triggering the polyphthalamide resin market trends over the next few years.
Frequently Asked Questions (FAQ) :
Polyphthalamide Resin Market Scope
