Global Polyphthalamide Market is Projected to 150.1 Kilo Tons by 2019

Date: 2015-08-19

“With the heat resistant and low moisture absorption properties, polyphthalamide is popularly recognized as high performance polyamide and is ideal for use in a chemical environment or temperature extreme conditions. Common applications include automotive motor bobbin parts, fuel line connectors and coolant pumps as well as bushings and bearing pads in aircraft engines.

The polyphthalamide market globally is projected to register a CAGR of 7.1% between  2014 and 2019 to reach a volume of 150.1 Kilo Tons by 2019. In terms of value the global polyphthalamide market is projected to reach $913,008.6 Million by 2019. The polyphthalamide market has been segmented by type into unfilled, mineral filled, glass fiber filled and carbon fiber filled. The demand has increased from automotive and electronic industries for polyphthalamide because of its advantages as compared to other available products used in manufacturing.
The cost of polyphthalamide is the main hindrance for the growth of the market; and the demand is driven due to rising consumption in automotive, electrical and electronics sectors.

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