PUBLISHER: The Business Research Company | PRODUCT CODE: 1664617
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664617
Polyphthalamide (PPA) resin is a semi-crystalline, aromatic polyamide known for its application in various industries, including LED headlights, fuel and coolant lines, motor bobbin parts, and pump wear rings. This material exhibits favorable thermal, mechanical, and physical properties.
The primary products of polyphthalamide resin include unreinforced plain, glass fiber reinforced, carbon fiber reinforced, mineral-filled, and hybrid varieties. Carbon fiber reinforced resins are specifically utilized for strengthening and repairing reinforced concrete structures. These PPA resin products find applications in diverse industries such as automobiles, electrical and electronics, machinery, and personal care.
The polyphthalamide resin market research report is one of a series of new reports from The Business Research Company that provides polyphthalamide resin market statistics, including polyphthalamide resin industry global market size, regional shares, competitors with a polyphthalamide resin market share, detailed polyphthalamide resin market segments, market trends, and opportunities, and any further data you may need to thrive in the polyphthalamide resin industry. This polyphthalamide resin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The polyphthalamide resin market size has grown strongly in recent years. It will grow from $2.31 billion in 2024 to $2.5 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to market adoption in aerospace, expansion in industrial manufacturing, advancements in material formulations, substitution of metals, electrical and electronics applications, automotive industry adoption.
The polyphthalamide resin market size is expected to see strong growth in the next few years. It will grow to $3.5 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to global shift towards lightweight materials, research and development initiatives, expansion in aerospace and industrial sectors, growing focus on sustainable materials, rise in demand for electrical components. Major trends in the forecast period include high-performance engineering plastics, substitution of metals and traditional materials, advancements in additive manufacturing, expansion in electrical and electronics sector, focus on sustainability.
The increasing demand for personal care products is expected to drive the growth of the polyphthalamide resin market in the future. Personal care products encompass consumer items used for personal hygiene, grooming, and enhancing attractiveness. Polyphthalamide resin, known for its high-performance characteristics, is utilized in medical applications, including tubing for catheters, toothbrush bristles, and other personal care items due to its superior chemical resistance, moisture absorption sensitivity, and dimensional stability. For example, in 2023, L'Oreal, a France-based personal care company, reported a record revenue of €41.18 billion ($44.72 billion), marking a 7.6% increase from the previous year. This growth highlights the company's strong performance across its diverse range of personal care products, including skincare and cosmetics. Therefore, the rising demand for personal care products is fueling the growth of the polyphthalamide resin market.
The automotive industry's expanding needs are set to propel the polyphthalamide resin market forward. Widely employed in fuel system components such as fuel rails, connectors, and modules, as well as in manufacturing engine covers and intake manifold components, polyphthalamide resin addresses critical requirements in the automotive sector. Recent statistics from the European Automobile Manufacturers Association indicate a substantial 5.7% increase in global motor vehicle production to 85.4 million units in 2022 compared to the previous year. Additionally, the automobile sector witnessed a notable 10% rise, reaching approximately 78 million unit sales in 2022, as reported by Brand Finance plc. This surge in demand within the automotive industry contributes significantly to the growth of the polyphthalamide resin market.
Product innovation is a significant trend gaining traction in the polyphthalamide resin market. Leading companies in this sector are concentrating on developing new solutions to enhance their competitive edge. For instance, in October 2023, Solvay, a Belgium-based chemical company, introduced Amodel PPA Supreme and Amodel PPA BIOS. These advanced materials are specifically tailored to address the increasing demand within the automotive industry. Amodel PPA BIOS boasts sustainable properties, making it an ideal choice for applications in e-mobility and other high-performance settings. With improved thermal stability and outstanding mechanical properties, these new products are well-suited for various automotive components, underscoring Solvay's dedication to innovation and sustainability in the materials sector.
Companies operating in the polyphthalamide resin market are launching innovative products to reinforce their market positions. Solvay's introduction of Xencor Xtreme in October 2023 exemplifies this trend. This long glass fiber polyphthalamide (PPA) solution, designed for battery applications, offers superior resistance to thermal runaway and propagation, crucial in battery technology. Notably, Xencor Xtreme boasts resistance to direct flame exposure at temperatures exceeding 1000°C for over 10 minutes, providing robust thermal runaway protection. With a high glass transition temperature (Tg) and partially bio-based content, this innovative product is positioned to meet the evolving needs of diverse industries.
In February 2022, BASF SE, a Germany-based multinational chemical company, acquired Solvay's PA66 business for an undisclosed sum. This acquisition allowed BASF to strengthen its polyamide capabilities with both innovative and established products, such as Technyl. Consequently, BASF is now better positioned to offer advanced engineering plastics solutions to its customers, further solidifying its presence in the polyamide market. Solvay, a Belgium-based chemical firm, produces polyphthalamide (PPA) through its Amodel PPA product line.
Major companies operating in the polyphthalamide resin market include BASF SE, Arkema S.A., Akro-Plastic GmbH, The DuPont de Nemours and Company, Ems-Chemie Holding AG, RTP Company Inc., Saudi Basic Industries Corporation, PlastiComp Inc., Techmer Engineered Solutions LLC, Nagase America LLC, INEOS Group Limited, Ihne und Tesch GmbH, Kingfa SCI & TECH CO. LTD., Solvay S.A., Evonik Industries AG, Clariant International AG, DSM Engineering Plastics B.V., Eurostar Engineering Plastics, LG Chem Ltd., Lotte Advanced Materials Co. Ltd., Polyplastics Co. Ltd., Sumitomo Chemical Co. Ltd., TechnoCompound GmbH, Toray Industries Inc., Toyobo Co. Ltd., Victrex plc, Zhejiang NHU Special Materials Co. Ltd.
Asia-Pacific has the largest region market in the polyphthalamide resin market in 2024. The regions covered in the polyphthalamide resin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the polyphthalamide resin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The polyphthalamide resin market consists of sales of materials, which are made of terephthalic acid or isophthalic acid with at least one aliphatic diamine. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Polyphthalamide Resin Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on polyphthalamide resin market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for polyphthalamide resin ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The polyphthalamide resin market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.