Polyphthalamide (PPA) Market By Product (Unfilled, Mineral Filled, Carbon Fiber Filled), By Application (Automotive, Electronics And Electrical, Consumer And Personal Care), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America), Global Forecast 2018 to 2028.

Changing customer demands & rise in industrialization

Globally, the polyphthalamide market has got its major chunk through the automotive segment. The rising urbanization is leading to change in customer lifestyle preferences, creating demands for the use of more automobiles.

The global market for the Polyphthalamide (PPA) is anticipated to develop at a compound annual growth rate (CAGR) of 7% throughout the course of the forecast, to reach USD 1628.15 Million by 2028.

Additionally, rising income, increase in standard of living, and evolving economic status are some factors, expected to drive the market growth. Especially in Asia, growing population with better purchasing power is inclined to buy automobiles. Engine parts, motor end caps, housings, electronic connectors, high-temperature switches, gear wheels, sensors and solenoids, and others are the major usage areas of polyphthalamide in automotive sector. Furthermore, the growing industrialization around the globe leading to increasing urbanization that tends to use of various electronic home appliances such as refrigerators, LEDs and other optoelectronic devices, tablets and laptop components is another key driving application. Solvay has Amodel A-4160 HSL “PPA” which is used in mobile electronics, home electronics & home components. Hence, all these factors shall stabilize the market demand for polyphthalamide.

Increasing demand for light weight automotive components

Rapid urbanization in major geographic zones tends to increase the demand for automobiles. Additionally, polyphthalamide’s enhanced properties such as lightweight is the major factor that influences its use in automotive components, thereby increasing vehicle efficiency. For Instance, the use of 50% glass reinforced polyamide plastic for engine brackets enabled improved NVH in the powertrain of the Mercedes 2017 E-Class Coupe. Additionally, in thermal management, research and development activities to replace components in automotive vehicles with light-weight materials, such as cooling and heating systems, resonators, air induction systems, charge air hoses, etc. is expected to drive the growth of the PPA market globally.

Global polyphthalamide market trends are heavily influenced by the usage pattern of electronics & electrical devices, along with automobiles. The increase in use of electronics especially in the home appliance segment, LEDs & other optoelectronic devices, will lead to increase in the adoption of polyphthalamide. Across the globe, China is the hub for electronics production, whereas Germany has a strong position in automobiles sector. Both the countries grab a significant chunk from the polyphthalamide market. In 2015, Evonik Industries AG (Germany) launched the polyphthalamide VESTAMID HTplus and HNBR component for automotive cooling circuit manufactured with plastic-rubber technology

The growing use of polyphthalamide in industrial applications such as machine parts, garden equipment, and others is also a contribution market growth. Moreover, changing customer demands regarding high efficiency and low weight in automobiles can also be met through the use of polyphthalamide in various engine parts, structural parts, cooling systems and others. All these factors are shall increase the market growth for polyphthalamide. However, the rise of electric vehicles can hinder the market growth in the automotive sector, as polyphthalamide is majorly used in engine parts, and engine is absolutely withdrawn (vanished) component for the electric vehicles.

In Asia Pacific, the high demand for automobiles is due to rise in per capita income. Additionally, facilities such as easy finance is picking pace across the global market, thereby supporting the increased sale of new automotive vehicles. The latest generation of vehicles come with light weight parts for enabling better performance and mileage, wherein comes the use of polyphthalamide. In line with this trend Nilit Plastics, in 2016 launched new Nilamid XT polyphthalamide compound to be used in bearings, bushings, and automobile fuel line components. These factors tend to support the market growth. Additionally, in Europe, Germany is the hub of automobile manufacturing.

Therefore, Germany can be expected influencer in the polyphthalamide industry.

Owing to the North American Free Trade Agreement (NAFTA) agreement among North America European Union, China, and India, China & India are expected to experience high traction in the domestic PPA industry. Additionally, changing customer demands for luxury in the automotive segments, such as high-end and sports cars may also augment the polyphthalamide industry growth. Additionally, the increasing demand for electronics is also expected to drive the market growth in this region.