The industry for high-temperature thermoplastics has grown at a rapid clip in the past few years, and is a technology with immense scope of applications that is boosting demand. Polyphthalamide is one such thermoplastic which is being used increasingly for oil and gas, automotive, and electronic applications. The material is popular owing to a superior resistance to radiation, burning, and chemicals, better thermal stability, and mechanical characteristics. According to study estimates polyphthalamide is expected to grow strongly in 2019, following a substantial valuation of ~ USD 1.3 billion in the previous year. The market is anticipated to display a strong CAGR of ~8 per cent through 2027. A study of the global polyphthalamide industry is collated and published in the report titled, "Polyphthalamide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027" that has been added to the extensive research repository of Market Research Hub (MRH).
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Demand for Light Weight Auto Components Boost Gains
Polyphthalamide products can be widely segregated on the basis of their grades, such as hybrids, glass fiber reinforced, unreinforced, and mineral filled among others. These material varieties find use in the oil and gas, automotive, personal care, electronic, and industrial equipment production industries.
The global automotive industry is increasingly replacing conventional metal parts, with lightweight alternatives, a large number of which is derived from polyphthalamide, which is being attributed to its superior thermal management uses. On a similar note, low electricity modulus and resistance to heat is also pushing up the application of polyphthalamide in the electronics industry, which is only expected to rise owing to the rising demand for smartphones and computers.
Manufacturers are anticipated to find substantial growth opportunities in Asia Pacific countries owing to the high presence of electronic and automotive industry in the region. Consequently, China is expected to be the most profitable region for market players through the forecast period, with massive production operations for items such as coolant pipes, fuel pipes, and motor bobbin components.
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Polyphthalamide Market: Report Summary
The report on the polyphthalamide industry provides the readers with an in depth analysis on the landscape of thermoplastic ingredients around the globe. Industry-based forecasting models include a complete analysis of the research publications and primary interviews with manufacturers in addition to the relevant consumer data.
The report also includes detailed interviews conducted by leading market analysts with industry leaders, thermoplastic experts and industry analysts to provide essential validations of the production volume and relevant conclusions in the study.
The polyphthalamide report forecasts performance of the market progress in terms of volume trajectories by different categories including the cost of production and raw materials, in addition to factors such as the growth of the personal care market. For each of these categories, business development strategies and market projections that have been adopted by key market players for specific strategies have also been included in the report.
Valuable insights which can be helpful for manufacturers that are operating in the polyphthalamide industry are provided in the report. Also, a study of barriers to market entry, pricing analysis, market expansion strategies, and supply to demand equations makes the report a very credible source of information for business professionals interested in the polyphthalamide market.
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