POLYPHTHALAMIDE MARKET ANALYSIS

Polyphthalamide or PPA is a subgroup of thermoplastic synthetic resin from polyamide family. It is predominantly used in high temperature automotive applications, high temperature electrical connectors. Polyphthalamides are polyamides, containing aromatic rings in them that provide excellent mechanical strength and high thermal resistance.  Polyphthalamide is formed by the reaction of the alphatic diamines with aromatic acids. It is a semi-crystalline material, composing of diacid and diamine. It features various physical properties such as high tensile strength, high heat resistance, high chemical resistance, high dimensional stability, high abrasion and corrosion resistance, and direct bonding with several elastomers for developing plastic rubber composites. Polyphthalamide finds applications in various industries including medical, sports equipment, electronics, and automotive.

Market Outlook

Global polyphthalamide market size is expected to expand significantly, exhibiting a CAGR of 7.05% during the forecast period. This is owing to increasing of polyphthalamide in industries such as medical, automotive, electronics and aircraft. Polyphthalamide finds applications in medical industry for the production of tubing of various devices such as catheters. Moreover, due to its high temperature resistance, polyphthalamide is predominantly used in the oil and gas industry. These industries have seen significant growth in the recent past, which has increased demand for polyphthalamide and hence, support the market growth. Furthermore, increasing adoption of thermoplastic in various industries is expected to boost growth of the market in the near future. Increasing product launches of high-performance thermoplastics by key players is expected to drive growth of the market during the forecast period. Furthermore, growing automotive sale coupled with growth of aircraft industry is expected to increase the demand for polyphthalamide and thereby boost the market growth.

However, stringent environmental regulations and high cost of raw materials are expected to restrain the global polyphthalamide market growth during the forecast period.

Market Regional Analysis

Asia Pacific is projected to account for significant market share during the forecast period. Growing automotive sale in the region and increasing demand for polyphthalamide is expected to boost the market growth. Moreover, North America is also projected to witness significant growth in global polyphthalamide market during the forecast period, owing to increasing demand for lightweight automobiles. Increasing population also is expected to fuel the market growth in the region. Moreover, increasing R&D activities in automotive industry in Europe are expected to propel growth of the market. 

Market Players

Key players operating in the global polyphthalamide market are SABIC, Solvay S.A. BASF SE, and EI du Pont de Nemours & Co.

Key Developments:-

• In 2016, Nilit Plastics, a company based in Israel launched Nilamid XT Polyphthalamide Compounds. This new compound launched by the company would be beneficial for injection molding customers. The product has high temperature resistivity and chemical resistivity, high dimensional stability and others.
• In 2016, BASF SE is announced its expansion of partially aromatic polyamides range and also announced the launch of polyphthalamide (PPA) portfolio in the market. The portfolio was named as Ultramid Advanced N which is comprised of unreinforced compounds, reinforced compounds with short or long glass fibers and flame-retardant grades for automotive and electronics applications.
• In May 2019, BASF SE announced to expand its polyphthalamide (PPA) portfolio at CHINAPLAS 2019, Guangzhou, China. The portfolio would include the PPA Ultramid Advanced T2000 for suitable for flame-retardant connectors in electrical and electronic devices.