Monday, 25 July 2016

Polypthalamide (PPA) Market : Forecast for next 6 years with Key Companies Profile

According to a new Industry report published by Credence Research, “Polypthalamide (PPA) Industry - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022,” the demand for polypthalamide is abide to witness high demand due to growing demand for automobiles from the developed and developing economies. Rising populations and increasing disposable income of people has led to high demand for automobiles in the emerging economies such as Asia Pacific. This factor has led to growing demand for PPA from the automotive industry.
Polypthalamide (PPA) is a thermoplastic resin which is a member of nylon family. It is a semi-crystalline material which consists of diacid and diamine.
PPA is a thermoplastic synthetic resin which has wide range of beneficial properties such as chemical resistance, heat resistance, less moisture absorption among others. Polypthalamide due to its advantageous properties are used for a wide range of applications in the automotive, electrical, personal care products and machine & appliances industries. They have replaced metal in many machines, engine parts of vehicles, fuel tanks, etc. Therefore, high demand is reported for PPA in the Industry.
Growing population and increasing disposable income of people have led to high demand for vehicles in both the developing and developed economies. Automotive industry makes use of PPA in manufacturing most of the automotive components of vehicles. It is the major consumer of PPA among other industries globally. Therefore, high demand from the automotive industry is expected to drive the global polypthalamide (PPA) Industry and is expected to retain its position in the near future. Increasing consumption from the electronic industry is another factor driving the growth of global polypthalamide Industry. PPA is used in manufacturing of electrical connectors, sockets, LED’s etc.
The advantages of PPA have led to high demand from these industries which are driving the growth of polypthalamide in the Industry worldwide. Polypthalamide is also on high demand from other industries such as medical, personal care products, machine and appliances among others. The medical industry has many machines and instruments which are made of PPA which helps in weight reduction thus making those machines portable. Hence, high demand from not only the automotive and electronic industry but also personal care products and medical industry is anticipated to fuel Industry demand during the forecast period from 2017 to 2022.
Asia Pacific accounted for larger share of global polypthalamide Industry in 2015. Rising demand for automobiles in the region has boosted Industry demand for PPA. The weight reduction property of PPA has made it an important polyamide for variety of applications in the Industry. Europe is expected to follow Asia Pacific in terms of demand due to growing automotive industries in Germany and France. North America, Middle East & Africa are expected to experience steady growth for PPA in 2016 but is expected to augment during the forecast period from 2017 to 2022. Latin America is also projected to contribute to the growth of global polypthalamide Industry in the near future. Therefore, polypthalamide Industry is expected to experience strong demand from a number of countries to meet the needs of the automotive sector worldwide.
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