Stratistics MRC’s Global Polyphthalamide Market value is expected to reach $2,605.5 million growing at a CAGR of 9.1% during 2023-2030.
A category of thermoplastic synthetic resin from the polyamide family is called polyphthalamide, or PPA. High-temperature automotive applications and electrical connectors are where it is most frequently employed. The polyamides known as polyphthalamides have aromatic rings that provide them with exceptional mechanical strength and strong heat resistance. Alphatic diamines and aromatic acids react to produce polyphthalamide.
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Due to rising demand for electric vehicles and strict government restrictions to minimize gasoline emissions in the region, particularly in the U.S., the market in North America is predicted to rise steadily throughout the projected period. For instance, the EPA imposed strict economy rules for vehicles and trucks in December 2021. The government’s initiatives to promote electric vehicles and the EPA’s new guidance are projected to enhance demand for polyphthalamide throughout the entire country.
Some of the key players in Polyphthalamide market include Akro Plastics GMBH , Arkema S.A., Avient Corporation, BASF SE, Celanese Corporation, DuPont de Nemours, Inc., Ecomass, Ems-Chemie Holding AG, Evonik Industries AG, PlastiComp Inc., Pro Polymers Inc., Saudi Basic Industries Corporation and Solvay S.A.
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Key Developments:
In May 2022, Arkema, which is a France-based specialty chemical company announced to collaborate with Nippon Shokubai, which is a Japan-based industrial chemicals and catalysts manufacturer for the production of LiFSI electrolyte salts for a European battery supply chain. LiFSI electrolyte salts are a key component of car battery cells. This partnership will speed up the development of new electrolyte formulations for the next generation of batteries, including semi-solid and solid-state batteries, by significantly increasing their power, stability, cycle life, and recyclability, while reducing charging time in high and low-temperature conditions.
In May 2022, DuPont, which is a U.S.-based chemical company, announced to open its new biopharma manufacturing plant in Cooper River, South Carolina. The facility will adhere to the same quality standards as its Healthcare Industries Materials biopharmaceutical manufacturing facility in Hemlock, Michigan. The South Carolina manufacturing site will add extrusion ability online over the next two years to serve more strategic customers and to provide additional supply to Liveo Healthcare customers.
In May 2022, BASF SE, which is a German-based chemical company announced the BASF hub program in collaboration with AHK Romania. They will bring together start-ups and innovators from 11 Central and Southeast European nations, including Romania. The project’s goal is to serve as a launching pad for new businesses, promoting the best ideas and providing financial assistance.
In August 2021, Evonik Industries, which is a German-based specialty chemical manufacturer, announced the acquisition of JeNaCell, a biotech company. Evonik’s biomaterials portfolio has been expanded with the acquisition to offer biotechnologically derived cellulose. JeNaCell’s nature-identical material is used in dermatology and medical technology for wound and burns treatment and hydro active skincare.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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