The report aims to offers a thorough outlook of the Polyphthalamide Market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the Polyphthalamide Market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline

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. Increasing development of bio-based polyphthalamide is a key factor driving polyphthalamide market revenue growth. Bio-based polyphthalamide and other polymers are made from biological sources and it is environment friendly. These types of polymers are widely used for the production of bio-based plastics as a replacement for petroleum-based plastics. Rising adoption of bio-based polyphthalamide prompted various companies to develop and launched this type of product in the market. In July 2019 for instance, DuPont, which is a U.S.-based chemical manufacturing company, introduced a novel bio-based flame retardant polyphthalamide (PPA) chemical for electrical components that is non-halogenated. This compound could replace metals, performance polymers such as liquid crystal polymers, and thermoset polymers in sectors including electronics and automotive.

The rising demand for polyphthalamide in metal replacement applications is also expected to drive revenue growth of the market. Polyphthalamide is used as a substitute for metal components in the automotive and electronics sectors. The rising trend of lightweight fuel-efficient vehicles creates a huge demand for polyphthalamide for manufacturing automotive components. To meet the demand various companies are introduced polyphthalamide-based products in the market.

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Some major companies in the global market report include 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.

Some Key Highlights From the Report

• The glass fiber segment accounted for largest revenue share in 2021 due to the rising adoption of glass fiber polyphthalamide in manufacturing electronics and automotive components. It is mainly used as the main substitute for metals. It has high-temperature consistency combined with exceptional chemical resistance and mechanical characteristics which makes it perfect for making automotive and electronics components.
• The electronics electrical segment is expected to register a steady revenue growth rate over the forecast period due to the increasing demand for polyphthalamide for manufacturing electrical and electronic components such as connectors sockets, capacitor chip carriers, sensors, and many more. Increasing adoption of consumer electronics across the globe is expected to boost revenue growth of the segment.
• The market in North America is expected to register a steady growth rate during the forecast due to the rising demand for polyphthalamide in the automotive sector. The current trend for adoption of lightweight vehicles and increasing research and development activities in the automobile sector creates ample opportunities for the market in the region, especially in the U.S. In addition, rising adoption of polyphthalamide in manufacturing electronics and electrical components is expected to support revenue growth in the region.

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

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Regional Bifurcation of the Polyphthalamide Market Includes:

• 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)

Radical Features of the Polyphthalamide Market Report:

• The report encompasses Polyphthalamide market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
• An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
• Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
• Supply chain analysis along with technological advancements offered in the report
• The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Polyphthalamide industry

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