Polypthalamide (Ppa) Market Is Expected to Reach Us$ 1.04 Bn by 2022

According to a new market report published by Credence Research, “Polypthalamide (PPA) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022,” the polypthalamide market was valued at US$ 0.67 Bn in 2016, and is expected to reach US$ 1.04 Bn by 2022, expanding at a CAGR of 7.5% from 2016 to 2022.

Browse the full Polypthalamide (PPA) Market (Carbon Fiber Filled, Glass Fiber Filled, Mineral Filled and Unfilled) for Automotive, Electronics, Machine & Appliances, Personal Care Products and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/polypthalamide-market

Market Insights

Polypthalamide is a semi-crystalline polyamide which is a thermoplastic synthetic resin. It belongs to the family of nylons and possesses wide range of properties beneficial to various industries. PPA due to its aromatic nature provides with benefit such as chemical resistance, heat resistance, creep and fatigue resistance, dimensional stability as compared to other polyamides. As PPA absorbs moisture very slow, it gives excellent performance in various conditions which includes chemical resistance and high temperature conditions. They are well known for strength and stiffness.

Growing demand for automobiles in the emerging economies such as Asia Pacific has led to high demand for PPA in the market. Automotive industry is the largest consumer of PPA globally. It is used in the manufacture if various automotive components such as motor end caps housing, fog lamp assemblies, halogen lamp sockets, solenoids and sensors, anti-lock braking system components and fuel system components among others. Weight reduction of vehicles and products manufactured from PPA is the major factor driving the growth of PPA in the automotive industry. Therefore, growing demand for automobiles has thereby led to high demand for PPA from the automotive industry.

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