Global Polyphthalamide Market was valued at US$ 850.3 Mn in 2017, and is expected to reach US$ 1516.5 Mn by 2026, at a CAGR of 7.5 % during forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Polyphthalamide market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Polyphthalamide market.
This market research analysis identifies the demand for Polyphthalamide is increasing, attribute to its long range of applications in fuel lines, LED headlights, metal replacement, catheter tubes, wire casings, gas pipes, toothbrush and hairbrush bristles, sporting goods, electrical insulation, switches, pump wear rings, automotive motor bobbin parts, fuel line connectors, fuel modules, coolant pumps, bushings and bearing pads.
Polyphthalamide is high heat resistant, semi-crystalline and partially aromatic polyamide. Further, Polyphthalamide has high dimensional stability, good chemical resistance, low moisture absorption and admirable mechanical properties. Due to these admirable properties, Polyphthalamide is ideal for use in high-temperature conditions or in a chemical environment.
On the basis of the type, the glass fiber filled segment dominated the polyphthalamide market in 2017. The growth of this segment attributed to, Glass fiber reinforced polyphthalamide resin exhibits high strength and stiffness, high heat resistance over a broad temperature range, good chemical and electrical properties, and low moisture absorption, due to which it is highly accepted in end-user industries.
Based on the Application, the automotive segment dominated the global polyphthalamide market in 2017, owing to increasing demand of polyphthalamide resins for the production of automobile body-parts, such as air induction systems, cooling and heating systems, charge air hoses, resonators, etc. is expected to fuel the growth of the global polyphthalamide market.
Geographically, the Asia Pacific region dominated the global polyphthalamide market in 2017 and it is projected to be the fastest growing market in the near future. The Asia Pacific was followed by North America and Europe. A