Polyphthalamide Market Is Gaining Significant Traction As Celanese Corporation Completed Acquisition Of Manufacturer Of Engineering Thermoplastics (ETP) Compounder Next Polymers Ltd

 

Polyphthalamide market

Polyphthalamide is known by several names, among them Triploid Polyphosphate, Thermoplastic Polyurethane, and Polyhydroxyacetone. Polyphosphate is an organic compound derived from phosphate groups of amino acids, which includes arginine, lysine, methionine, glycine, threonine, cysteine, lysine, arginine, taurine, and methionine. The thermoplastic version of Polyphosphate is thermoplastics. Polyphosphate is produced through the natural reaction between polyamines and sugars. These sugars can be in many different compositions, such as monomer, nitrogen, non-monomer, phosphate, non-esterified fatty acid, or phospholipid. The thermoplastic polyphosphates are most commonly processed as plasticizers and solvent removers.

Increasing demand from the electrical and electronics industry is expected to drive growth of the global polyphthalamidemarket. Polyphthalamide is widely used in the electrical and electronics sector since it replaces aluminum in complex components. PPA-based resins are molded into parts to replace in applications that require temperature resistance such as the housing for high-temperature electrical connectors and many more. PPA resins can resist infrared soldering environments, which is not common in other resins. According to the India Brand Equity Foundation (IBEF), the Indian electronics market reached US$ 400 billion increasing from US$ 69.6 billion in 2012, registering a CAGR of 24.4%. Hence, such factors are expected to drive growth of the global polyphthalamide market. Furthermore, rising demand for lightweight automobile components and stringent emission regulations is expected to propel the global polyphthalamide market growth in the near future. According to the European Union (EU) Regulation (EC), 443/2009 sets mandatory emission reduction targets for new cars, Regulation (EU) 2019/631 introduces CO2 emission performance standards for new passenger cars and vans for 2025 and 2030.

However, high cost compared to other thermoplastic nylons and low commercialization in emerging economies is expected to restrain growth of the global polyphthalamide market. The development of bio-based polyphthalamide can present lucrative growth opportunities in the near future. Among regions, Asia Pacific is expected to witness significant growth in the global polyphthalamide market. This is owing to the presence of major automobile manufacturers and the availability of cheap labor in the region. Furthermore, North America is expected to register a robust growth rate, owing to growing consumer preference for high-quality fuel-efficient automobiles.

Key companies involved in the global polyphthalamide market are DuPont, Pro Polymers Inc., PlastiComp Inc., Solvay, Evonik Industries AG, Arkema, Ecomass, Celanese Corporation, and DSM.

For instance, in January 2019, Celanese Corporation, a specialty chemicals company, acquired Next Polymers Ltd., an Indian engineering thermoplastics (ETP) compounder.

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