According to the research report titled ‘Polyphthalamide (PPA) Resin Market Size By Product (Unreinforced Plain, Glass Fiber Reinforced, Carbon Fiber Reinforced, Mineral-Filled, Hybrid), By End-User (Automotive, Electrical & Electronics, Machinery, Personal Care), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026’ available with MarketStudyReport, global polyphthalamide (PPA) resin market is expected  to witness  lucrative growth during the forecast period 2019-2026.
 

Rising demand for metal substitute plastics in the automotive industry, favorable development prospects in the automobile sector, and increasing preference for personal care products are driving the growth of global polyphthalamide (PPA) resin market.
 

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For the unversed, polyphthalamide (PPA) resin is a novel polyamide that is stronger, stiffer, has less sensitivity to moisture, and a high thermal capacity. Because of their outstanding electrical, physical, and thermal properties, these resins are suitable for a wide range of applications.
 

Furthermore, rising metal prices, corrosion susceptibility, and strict carbon emission standards around the world are causing several automobile manufacturers to shift their focus to lightweight and durable auto parts, which is in turn propelling the market expansion.
 

However, lower commercialization rate in developing economies, as well as the availability of substitute materials may impede industry development during the projected timeline.
 

Based on product type, carbon fiber reinforced segment was valued at over USD 185 million in 2018 and is anticipated to expand considerably over the forecast period. Product characteristics like high creep resistance, excellent dimensional stability, and low moisture absorption are likely to drive segmental growth in the coming years.
 

Moving on to  end-user scope of worldwide polyphthalamide (PPA) resin industry, the automotive segment is projected to grow at a CAGR of 6% through 2026, owing to high product demand for providing cost-effective solutions in applications like cut-off valves, connectors, engine water jacket spacers, brake booster piston/valves, and thermostat housing.
 

From a regional standpoint, Europe market is expected to grow significantly during the forecast period, primarily due to mature automotive manufacturing sector, particularly in countries such as France, Italy, and Germany. Introduction of stringent CO2 emission regulation for vehicles, leading to preference for lightweight automobile plastic usage will further aid the regional market outlook.  
 

The competitive landscape of the global polyphthalamide (PPA) resin market is defined by companies like Koninklijke DSM N.V., Arkema S.A., Solvay S.A., BASF SE, DuPont de Nemours, Inc., Ems-Chemie Holding AG, Akro-Plastic GmbH, and Evonik Industries AG among others.