According to a new market report published by Credence Research Inc., “Polyphthalamide Market by Type (Carbon Fiber Filled, Glass Fiber Filled, Mineral Filled and Unfilled) by Application Type (Automotive, Electronics & Electrical, Industrial Equipment & Apparatus, Consumer & Personal Care and Others)” – Growth, Future Prospects and Competitive Analysis, 2016 – 2023”, the worldwide polyphthalamide (PPA) market was valued at US$ 731.94 Mn in 2015. In the same year, in terms of volume the market was 144.42 kilo tons.
Browse the full report at http://www.credenceresearch.com/report/polypthalamide-market
The global polyphthalamide (PPA) market is projected to experience significant growth over the forecast period due to increasing demand for light weight automotive components. Rise in demand from electronics and electrical segment is another factor contributing towards market growth. Polyphthalamide is very resistant to chemicals and exhibits minimum changes in physical properties after moisture uptake; this is very vital in electrical and electronics fields when components undergo lead-free reflow soldering and functional parts must have extremely good dimensional stability. These include connectors, micro switches and micro sensors, and even semi-conductor components such as the reflector housings of light-emitting diodes (LED).
However, owing to high production cost of polyphthalamide (PPA) when compared to other thermoplastics nylons they are highly being utilized for high end applications which acts as the major factor restraining the market growth. Rise in disposable income, shift in trend towards more technologically advanced products, strong vehicle production growth along with rising demand for high end cars, especially from emerging economies such as India, China, Brazil and Malaysia among others offers huge untapped market potential.
New product development is one of the major areas being focused by the companies intended to offer better and efficient components especially for portable devices. This is majorly intended to offer sustainable solutions to various end users especially automotive manufacturers. Some of the key players present in this market are EMS Chemie Holding AG, Solvay S.A., DUPONT EI DE Nemours & Co., Arkema S.A., Evonik Industries AG and SABIC among others.
Browse All Reports of This Category @ http://www.credenceresearch.com/industry/chemicals-market
- Rise in demand from automotive and electronics & electrical application
- New product development is one of the major areas being focused by the companies
- Emerging Economies offers huge untapped market potential
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US