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Polyphthalamide Market Forecast Report | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2030

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Polyphthalamide Market Forecast Report | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2030

July 07
12:00 2022
Polyphthalamide Market Forecast Report | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2030
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Rising development of bio-based polyphthalamide is a key factor driving polyphthalamide market revenue growth

The global Polyphthalamide market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities of Polyphthalamide market. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration of Polyphthalamide market.

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.

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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.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/polyphthalamide-market

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 Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019–2030)

  • North America
    1. S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. K.
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. A.E.
    3. South Africa
    4. Turkey
    5. Rest of MEA

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Key Questions Answered in the Report:

What will be the estimated growth rate of the Polyphthalamide market by 2030?

Who are the prominent distributors, vendors, and manufacturers of the market?

What are the driving and restraining factors of the growth of the Polyphthalamide market throughout the forecast period?

What are the current and future market trends of the Polyphthalamide market?

What are the sales and price analysis of the product by types, applications, and regions?

What are the expected opportunities for the companies and new entrants in the coming years?

The report demonstrates the progress and advancement achieved by the global Polyphthalamide market, including the historical analysis and progress through forecast years. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals. The report provides an accurate estimation by applying SWOT analysis and Porter’s Five Forces analysis. The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market.

Thank you for reading our report. Please get in touch with us if you have any queries regarding the report or its customization. Our team will ensure the report is best suited to your needs.

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing Market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

 

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