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Polyphthalamide (PPA) Resin Market Share

Report ID: GMI2361
Published Date: Nov 2024
Report Format: PDF

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Polyphthalamide Resin Market Share

Key players such as Akro-Plastic, Arkema, BASF SE, Solvay, and Evonik Industries are driving growth in the polyphthalamide (PPA) market through continuous innovation and expanded product offerings tailored to high-demand applications. These companies contribute to the market’s expansion by investing in advanced PPA formulations that enhance properties like heat resistance, chemical stability, and mechanical strength, making PPA increasingly viable as a replacement for metals and other engineering plastics in automotive, electronics, and industrial applications.

BASF SE and Solvay, for example, focus on PPA variants reinforced with glass and carbon fibers to meet automotive industry demands for lightweight, durable components that can withstand high temperatures. Akro-Plastic and Arkema have developed PPA grades suitable for complex electronics, while Evonik Industries emphasizes high-performance materials for demanding applications in machinery and consumer goods.

Polyphthalamide Resin Market Companies

Major players operating in the polyphthalamide resin industry are:

Akro-Plastic
Arkema
Basf Se
Dupont De Nemours
Ems-Chemie
Evonik Industries
Royal
Solvay

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global polyphthalamide resin industry was valued at USD 1.7 billion in 2024 and is estimated to grow at a CAGR of over 5.1% from 2025 to 2034, driven by the increasing use of plastic materials in automotive manufacturing.

The glass fiber reinforced segment generated USD 1.1 billion in revenue in 2024, primarily due to its superior mechanical properties, including enhanced tensile strength, dimensional stability, and impact resistance.

The U.S. PPA resin industry was valued at USD 231.1 million in 2024, driven by rising demand from key industries such as automotive, electrical and electronics, and consumer goods.

Key players in the industry include Akro-Plastic, Arkema, BASF SE, DuPont de Nemours, EMS-Chemie, Evonik Industries, Royal, and Solvay.