Polyphthalamide or PPA is highly heat resistant, semi-aromatic polyamide , and polyphthalamide has decent chemical resistance, high dimensional stability, low moisture absorption, and excellent mechanical properties. According to BlueQuark Research & Consulting, the global Polyphthalamide market is expected to witness a considerable growth rate during the forecasted period. Factors such as the rising demand of the automotive industry owing to the continuous research and innovation conducted to produce lightweight vehicles are expected to drive the Polyphthalamide market in the forecasted period. Further, the increasing usage of bio-based PPA is expected to drive the Polyphthalamide market in the forecasted period. Furthermore, the increase in consumer interest in lightweight electronic and electrical products with integrated flame retardant and temperature-resistant performance is anticipated to enhance the growth of the Global Polyphthalamide market in the forecasted period. However, stringent environmental regulations and surging raw material costs are expected to hinder the development of the Global Polyphthalamide market during the forecasted period.

PPA is extensively used in automotive, electronics, consumer & personal care, and machinery applications. The carbon fiber -filled segment is gaining momentum through its heat resistance and low moisture absorption properties and accounts for the second-largest share of the global PPA market.

In the automotive industry, polyphthalamide-based materials are extensively used for manufacturing various structural parts, fuel system components (such as fuel rails, flanges, and fuel line connectors), cooling and heating system components (such as oil filter housings, thermostat housings, turbocharger air coolers), and others. High deflection and high transition temperature characteristics of polyphthalamide (PPA) are anticipated to surge its consumption in producing automotive body parts, driving the global market growth. Government regulations to decrease automotive emissions have led manufacturers to take measures to increase the overall fuel economy of vehicles. Due to its aromatic nature, polyphthalamide has an advantage over other polyamide products in thermal management applications due to its fragrant nature. These promising properties of polyphthalamide have increased the opportunity for the substitution of metals in the powertrain, offering several benefits in weight reduction, feature flexibility, and potential for cost reduction. Furthermore, the overall market is also being propelled by the high penetration of PPA into new application areas. Numerous small domestic appliances, such as power tools and gardening equipment, contain PPA components. The conventional connectors currently used in many household appliances are being converted to surface mount technology, thereby creating further opportunities for PPA. Polyphthalamide, due to its superior properties, is found to have been increasing components' working lifespan and weight reduction, leading to improved fuel efficiency. However, owing to its higher production costs, PPA with filler material is primarily utilized for high-end applications and is yet to become popular among the mass users of the product. The increasing demand for PPA resins for the production of automobile body parts, such as cooling, heating systems, air induction systems, charge air hoses, resonators, etc., is predicted to fuel the growth of the global polyphthalamide market. North America is witnessing a huge demand for lightweight automobiles, driven by the growing consumer preference for high-quality, fuel-efficient automobiles. Therefore, the utilization of polyphthalamide in automobile production is rapidly increasing in the region. Moreover, the presence of automotive giants in the European region, along with considerable Research and Development investments (in the automotive sector) by European companies and governments, is propelling the growth of the automotive market, thereby boosting the development of the polyphthalamide market in the region.

The Asia-Pacific region leads the global market share. Asia Pacific is also projected to register the highest growth during the forecasted period, driven by increasing automotive production and sales from different countries, such as India, Malaysia, Thailand, and Indonesia. Glass fiber-reinforced PPA resin exhibits high strength and stiffness, high heat resistance over a wide temperature range, low moisture absorption, and good chemical and electrical properties, due to which it is highly accepted in end-user industries. Bio-based PPA and other polymers are made from biological sources and are environmentally friendly. These polymers are widely used to produce bio-based plastics to replace petroleum-based plastics. The rising adoption of bio-based polyphthalamide prompted various companies to develop and launch this product in the market. The glass fiber segment is segmented for the largest revenue share due to the increasing adoption of glass fiber polyphthalamide in producing electronics and automotive components. It is mainly used as the primary substitute for metals. It has high-temperature consistency, exceptional chemical resistance, and mechanical characteristics, making it perfect for making automotive and electronic components. The electronics & electrical segment is awaited to register a steady revenue growth over the forecasted period due to the surging demand for polyphthalamide for manufacturing electrical and electronic components such as connectors and sockets, capacitor & chip carriers, sensors, and many more. Increasing adoption of consumer electronics across the globe is expected to boost the segment's revenue growth. Moreover, in many applications, PPA is used as a metal replacement material. On the contrary, volatility in material prices and the high polyphthalamide is vital challenges restraining market growth. Furthermore, the product's limited life and environmental regulations also impact the market growth. In the coming years, the rising usage of bio-polyphthalamide and the need for personal care and medical industries is anticipated to offer potential growth opportunities. Besides, robust production and performance of other end-user industries, such as electrical and electronics, consumer and personal care, drive the regional demand for polyphthalamide.

The market's key players are Solvay S.A ., Evonik Industries , BASF SE , Arkema Group , and EMS-CHEMIE HOLDING AG.

On 1 February 2022, BASF SE would begin marketing polyamide (PA) and polyphthalamide (PPA) grades as part of the acquisition of Solvay's PA66 business in Europe. BASF received conditional approval from the European Commission to acquire Solvay's polyamide business. As a result, BASF began successfully selling integrated engineering plastics in emerging markets such as Asia and North and South America.

The Global Polyphthalamide Market report provides deep insight into the market's current and future state across various regions. The study comprehensively analyses the market by segmenting it based on By Product Type (Unfilled, Mineral-filled, Glass Fiber-filled, and Carbon Fiber-filled), By End-user Industry ( Automotive , Electrical and Electronics , Industrial Equipment and Apparatus, Consumer and Personal Care , and by Other End-user Industries), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report examines the market drivers and restraints and the impact of COVID-19 on market growth in detail. The research examines emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched sections on the competitive landscape with prominent companies and profiles, including their market shares and projects.