Polyphthalamide Resin Market Size, Share, Trends, Dynamics, Forecast, Industry, & Growth Analysis
The polyphthalamide resin market was estimated at USD 1.34 billion in 2021 and is likely to grow at a CAGR of over 6.32% during 2022-2028 to reach USD 2.01 billion in 2028. Market Drivers: Increasing traction of plastic materials in automotive manufacturing over conventional metals is a key factor driving the product demand. Also, increasing concern regarding vehicular emissions and associated harmful environmental impacts is bolstering the usage of plastic auto parts, thus augmenting the market growth. Furthermore, strong R&D investments offer immense growth opportunities to the market players.