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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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.
The report projects the market is anticipated to grow at a significant rate owing to rapid advancements and technological developments in the sector. The report offers strategic recommendations to businesses and investors to capitalize on the lucrative growth opportunities. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage with regard to company profiles, product portfolio, revenue generation, financial standing, and market position. 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, RD advancements, and industrial penetration.
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World’s Leading Companies in the Polyphthalamide Market: Top 10 by Revenue
Ems-Chemie Holding AG,
Evonik Industries AG,
DuPont de Nemours, Inc.,
Saudi Basic Industries Corporation,
Ems-Chemie Holding AG,
Akro Plastics GMBH, and
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
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)
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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)
Application Outlook (Revenue, USD Million, Volume, Kilo Tons; 2019-2030)
Industrial Equipment Apparatus
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Polyphthalamide market?
What are the key product types and applications of the Polyphthalamide industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Polyphthalamide market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Polyphthalamide Market by 2028?
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