The global polyphthalamide market size reached USD 1042.7 Million in 2021 and is expected to register a revenue CAGR of 6.8% during the forecast period, according to a latest analysis by Emergen Research. One of the main factors fueling the expansion of the polyphthalamide market's revenue is the rising development of bio-based polyphthalamide. Environmentally friendly, bio-based polyphthalamide and other polymers are created from biological sources. As an alternative to petroleum-based plastics, these kinds of polymers are frequently employed in the manufacture of bio-based plastics.
The market for this kind of product was developed and introduced by several companies in response to the growing acceptance of bio-based polyphthalamide. For instance, a novel bio-based, non-halogenated flame retardant polyphthalamide (PPA) chemical for electrical components was introduced in July 2019 by DuPont, a U.S.-based chemical manufacturing business. In industries like electronics and automobiles, this substance might take the place of metals, performance polymers like liquid crystal polymers, and thermoset polymers.
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Additionally anticipated to fuel market revenue growth is the growing demand for polyphthalamide in applications that substitute metal for other materials. The automotive and electronics industries employ polyphthalamide as a metal component replacement. In order to manufacture automotive components, there is a considerable need for polyphthalamide due to the growing popularity of lightweight, fuel-efficient vehicles. Numerous businesses have launched items on the market that include polyphthalamide to fulfil consumer demand.
The research study presents an industry-wide summary of the Polyphthalamide Market including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The global Polyphthalamide Market research report is an investigative study of the market that offers key statistical data with regards to market size, market share, revenue growth, and CAGR over the forecast period 2022-2030.
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World’s Leading Companies in the Polyphthalamide Market: Top 10 by Revenue
Ems-Chemie Holding AG,
Solvay S.A.,
Evonik Industries AG,
BASF SE,
DuPont de Nemours, Inc.,
Saudi Basic Industries Corporation,
Arkema S.A,
Ems-Chemie Holding AG,
Akro Plastics GMBH, and
Avient Corporation.
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Emergen Research has segmented the global Polyphthalamide market on the basis of type, application, and region:
Type Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)
Unfilled
Mineral-filled
Glass fiber-filled
Carbon fiber-filled
Hybrid
Application Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)
Automotive
Industrial Equipment & Apparatus
Personal Care
Electronics & Electrical
Others
Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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