Polyphthalamide Resin Market Size, Share, Leading Players and Analysis up to 2026
May 26, 2022
Stratview Research releases a new report on the Polyphthalamide Resin Market that shows lucrative growth opportunities in the global industry during the next five-year period. This report ensures reliable information related to the present and future market trends. The following summary will give an overview of the challenges, dynamics, and more details mentioned in the report.
Polyphthalamide Resin Market Insights:
The Polyphthalamide Resin market is projected to grow from USD 1.2 billion in 2020 to USD 1.7 billion by 2026 at a CAGR of over 6.4% during the forecast period. Increasing traction of plastic materials in automotive manufacturing over conventional metals is a key factor driving the product demand. Also, increasing concern regarding vehicular emissions and associated harmful environmental impacts is bolstering the usage of plastic auto parts, thus augmenting the market growth. Furthermore, strong R&D investments offer immense growth opportunities to the market players.
The Polyphthalamide Resin Market size depends upon several factors that have direct or indirect influence on the demand and supply chain. The report published by Stratview Research throws light on the vital extracts of many such factors derived using different types of analysis like supply chain analysis, etc. These methods help in analysing the core strength of the companies, identifying their growth strategies, recognising their gaps as well as opportunities to lay out an effective roadmap which leads to higher profitability.
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Key Players
The report also highlights the topmost linchpins active in the market. According to the list, here are few key players mentioned in the report -
- Akro-Plastic GmbH (Germany)
- Arkema (France)
- BASF SE (Germany)
- DuPont de Nemours, Inc.
- Ems-Chemie (Switzerland)
- Evonik Industries AG (Germany)
- Royal DSM (Netherlands)
- Solvay SA (Belgium).
Market Segmentation:
The report segments based upon geographics, demographics, benefits and volume etc., identifies the most attractive segments and sub-segments and have different driving factors. The segmentation mentioned in the report has been arranged in such a way that it can help users to be more efficient in terms of time, investment, and other resources. It also allows the businesses to learn more about their target audience so that they can tailor their strategies, and campaigns in increasing their market share and revenue.
End-Use Trends
Based on end-use, the polyphthalamide resin market has been classified into automotive, electrical & electronics, machinery, personal care. Under these, the electrical & electronics segment held a substantial market share in 2020 and is likely to grow at a considered CAGR during the forecast period. PPA resin exhibits superior surface mount capability, dimensional suitability, and excellent processing ability, making it a suitable choice for various electrical & electronics applications, thereby bolstering the segment growth.
Regional Trends
By region, the Asia Pacific market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This growth is mainly ascribed to a strong presence of product manufacturers, strong automobile production, cheap labor availability, and easy access to raw materials. Also, the automotive production is mainly influenced by technological advancements and the adoption of plastic materials during production, thereby proliferating the regional market growth during the forecast timeline.
Report Customization Options
Stratview Research offers one of the following free customization options to the users along with this detailed report:
Company Profiling
- Detailed brief of additional market players.
- SWOT analysis of key players.
- Competitive Benchmarking
Benchmarking of the market key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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