ID: MRFR/CnM/5451-HCR | February 2021 | Region: Global | 100 pages
Polyphenylene Ether Market Overview
Polyphenylene Ether Market is expected to get evaluated colossally at a modest CAGR during the review period of 2017-2023.
Polyphenylene Ethers (PPE) are a class of polymers that contains phenolic monomers attached through an ether linkage. It is a thermoplastic, linear, non-crystalline polyether obtained by the oxidative polycondensation of 2,6-dimethylphenol in the presence of a copper amine catalyst. The produced polyphenylene ether possesses good mechanical stability and is further blended with polystyrene, styrene-butadiene copolymer, or polyamide to improve processability. PPE is being increasingly used in numerous applications such as electrical and electronic, automotive, healthcare, and home appliances on account of superior properties such as flame retardant, high stiffness, hydrolytic stability, and excellent dimensional stability. The use of polyphenylene ether in blend with polyamide is increasing due to superior properties over other polymeric materials such as high heat and chemical resistance, stiffness, and low mold shrinkage.
The growth of the Polyphenylene Ether Market is driven by the growing use of PPE over steel in automobiles to reduce weight and enhance fuel efficiency. Increasing environmental regulations to reduce carbon emissions is likely to fuel the demand for energy efficient vehicles and thus, polyphenylene ether. Additionally, automobile manufacturers such as Nissan, Hyundai, Kia, and Tesla are focusing on manufacturing electric and plug-in vehicles to meet emission standards.
The consumption of PPE is increasing in electrical and electronics industry in relay sockets, cable connectors, high-tolerance electrical switch boxes and connectors among others. The growing electrical and electronic industry in both developed and developing countries on account of rising demand for consumer electronics is expected to propel the growth of the Polyphenylene Ether Market during the review period.
Some of the key growth strategies adopted by market players include business expansion and acquisitions. For instance, in February 2018, SABIC proposed to expand presence in the Asia-Pacific region to meet the growing demand for PPE in major end-use industries. However, volatility in raw material prices may hamper the market growth.
Asia-Pacific accounted for the largest share of the Polyphenylene Ether Market in 2017 as a result of industrialization in developing economies such as India, China, and Thailand. Expanding electrical and electronics industry on account of increasing penetration of smart phones, laptops, and power banks among others coupled with growing digitalization is driving the market growth. A surge in manufacturing of energy efficient vehicles in developing markets such as India, Thailand, and Singapore are likely to offer lucrative opportunities to the manufacturers of Polyphenylene Ether Market.
North America is another prominent market for polyphenylene ether owing to the increasing health spending in the region. Additionally, the expanding automotive industry with the increase in production of lightweight, electric, and hybrid vehicles is likely to drive market growth during the review period.
The European Polyphenylene Ether Market is expected to grow on account of the reviving automotive industry with the surge in demand for high energy-efficient and lightweight vehicles to reduce carbon emissions.
The Latin American market is expected to grow at a significant rate during the review period with the expanding automotive industry in Brazil and Mexico. The Polyphenylene Ether Market in the Middle East & Africa is likely to exhibit considerable growth in the coming years with increasing investments in healthcare and automotive industry.
The Polyphenylene Ether Market has been segmented by Type, Application, And Region.
On the basis of Type, the Polyphenylene Ether Market has been segmented into PPE/PA (polyamide), PPE/PP (polypropylene), PPE/PS (polystyrene), and others.
Based on Application, the Polyphenylene Ether Market has been divided into aerospace, automotive, healthcare, electrical and electronics, and others.
By Region, the Polyphenylene Ether Market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Some of the key players in the Polyphenylene Ether Market are Asahi Kasei Corporation (Japan), BASF SE (Germany), Evonik Industries AG (Germany), Entec Polymers (US), LyondellBasell Industries Holdings B.V. (the Netherlands), Mitsubishi Chemical Corporation (Japan), Oxford Polymers (US), Polyplastics Co. Ltd (Japan), SABIC (Saudi Arabia), and Sumitomo Chemical Co., Ltd. (Japan).
|Market Size||2027: Significant value|
|CAGR||2019–2027: Substantial CAGR|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Asahi Kasei Corporation (Japan), BASF SE (Germany), Evonik Industries AG (Germany), Entec Polymers (US), LyondellBasell Industries Holdings B.V. (the Netherlands), Mitsubishi Chemical Corporation (Japan), Oxford Polymers (US), Polyplastics Co. Ltd (Japan), SABIC (Saudi Arabia), and Sumitomo Chemical Co., Ltd. (Japan).|
|Key Market Opportunities||The growing electrical and electronic industry in both developed and developing countries on account of rising demand for consumer electronics|
|Key Market Drivers||The growing use of PPE over steel in automobiles to reduce weight and enhance fuel efficiency.|
Frequently Asked Questions (FAQ) :
The increasing consumption of PPE would drive the market.
By becoming a proper substitute for steel, the polyphenylene ether market is increasing its value.
The Asia Pacific region is expected to rule the market.
The booming automotive industry would trigger growth.
End users involved in the market are electrical and electronics, healthcare, aerospace, automotive, and others.