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Polyphthalamide (PPA) is an aromatic and semi-crystalline polyamide. It possesses competitive physical properties compared to its counterparts such as nylon 6/6. PPA is stronger and stiffer compared to other polyamides and possesses high thermal capabilities. Furthermore, it is less sensitive to moisture and has substantial creep resistance and chemical fatigue. PPA resin is used in an extensive range of applications due to its exceptional thermal, electrical, and physical properties. The resin offers resistance to infrared soldering environments, unlike many other resins. Moreover, PPA is cost-effective compared to other polyamides. The competitive advantages of PPA mentioned above are expected to drive the polyphthalamide resin market during the forecast period.

Polyphthalamide Resin Market: Drivers and Restraints

Polyphthalamide resin is used as a substitute for metal in numerous applications such as automobile and electronics.  PPA resin allows cost effective production of lightweight automotive components that can handle high mechanical loads. This is expected to drive the demand for PPA resins in the next few years. Manufacturers are focusing on light weight components and miniaturization in industries such as electrical & electronics. Electrical & electronic components are getting smaller in size and are expected to offer good performance even at extreme temperatures. Rise in consumer demand for lightweight electronic and electrical products with added flame retardant and temperature resistant performance is anticipated to boost the market during the forecast period.

Polyphthalamide Resin Market: Segmentation

Based on end-use industry, the polyphthalamide resin market can be segmented into:

  • Automotive
  • Electrical & Electronics
  • Sports & Leisure
  • Oil & Gas
  • Others

Automotive is a major application of the polyphthalamide resin market. The application of PPA resin in the automotive industry includes brake boosters, connectors, tubing systems, brake systems, and hoses. In the electrical & electronics industry, PPA resins are used for reflectors, LED packaging materials, cell phones, computer connectors, plastic sockets, etc. Major challenge faced by OEMs is providing numerous options to customers at low cost. Furthermore, increase in pressure to offer energy-efficient cars at low budget is another major challenge faced by automotive manufacturers. In order to provide highly efficient cars and reduce fuel consumption, automotive manufacturers are focusing on reducing their weight. Therefore, OEMs are substituting traditional materials with advanced engineered ones such as engineered plastics, aluminum, filled elastomers, specialty silica, and composites. LED reflector application held the major share in the electrical & electronics industry in 2016.

Polyphthalamide Resin Market: Region-wise Outlook

In terms of volume, Asia Pacific accounted for major share of the global polyphthalamide resin market in 2016. This trend is estimated to continue during the forecast period. Countries such as China, Japan, Taiwan, and South Korea are expected to provide lucrative opportunities to the market in the near future owing to the high demand from the electrical & electronics industry in these countries. North America and Europe also held significant share due to the presence of key automobile manufacturers in these regions.

Polyphthalamide Resin Market: Key Players

The global PPA resin market is fragmented with the presence of major players in Asia Pacific and North America. Key players operating in the polyphthalamide resin market include:

  • Evonik
  • Solvay
  • RTP Company
  • Arkema 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Polyphthalamide Resin Market

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