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Global Polyphthalamide Market 2019-2023

Global Polyphthalamide Market 2019-2023

  • March 2019
  • 145 pages
  • ID: 4647442
  • Format: PDF

Summary

Table of Contents

About this market
Polyphthalamide is used in applications such as automotive, electrical and electronics, and wires and cables among others. It is a semi-crystalline aromatic polyamide produced from the combination of terephthalic and isophthalic acids. Polyphthalamide is widely used as a replacement for metal components in the automotive industry. It enables automobiles with superior mechanical strength and reduces overall vehicular weight thereby lowering fuel consumption without compromising on the safety factor. The increasing demand for lightweight automobiles will enhance the popularity of polyphthalamide during the forecast period. Polyphthalamide is used in wires and cables to improve their longevity and increase their insulation capacity. Polyphthalamide is also used in wires and cables given its high-temperature resistance properties. The increasing need for high-temperature cables will push demand for polyphthalamide during the forecast period. Analysts have predicted that the polyphthalamide market will register a CAGR of nearly 4% by 2023.

Market Overview
Growing demand for polyphthalamide in emerging countries
The growing demand for polyphthalamide in emerging countries is attributable to their rapid economic and industrial development. The increasing use of polyphthalamide in carbon-fiber filled, glass-fiber filled, mineral-filled, and unfilled forms is expected to contribute to overall market growth. Strong economic growth in these countries will boost the consumption of polyphthalamide during the forecast period.
Fluctuating raw material prices
A semi-aromatic polyamide, polyphthalamide has major applications in the automotive, electrical and electronics, and personal care industries among others. Polyphthalamide is manufactured from the combination of isophthalic acid and terephthalic acid in the presence of adipic acid. Therefore, any fluctuations in crude oil prices during the forecast period will greatly impact the production of polyphthalamide.
For the detailed list of factors that will drive and challenge the growth of the polyphthalamide market during the 2019-2023, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

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