|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||BASF SE (Germany), SABIC (Saudi Arabia), RTP Company (US), Celanese Corporation (US), Ensinger Inc. (India), Mitsubishi Electric Corporation (Japan), 3M (US), Goodfellow (UK), Asahi Kasei Chemicals Corp. (Japan), Solvay SA (Belgium), Sumitomo Chemical Co., Ltd (Japan), and LyondellBasell Industries Holdings BV (Netherlands)|
|Key Market Opportunities||Rapid industrialization supported by Indian Government to boost the domestic manufacturing capabilities with the help of schemes such as “Make in India”.|
|Key Market Drivers||
Polyphenylene oxide is a high-performance, amorphous engineering thermoplastic with high resistance to chemicals, moisture, and high temperature.
Polyphenylene oxide is mainly used in the electronics and automotive industries to impart robust moisture protection to the final products.
The growing demand for electrical fittings and electronics due to the growing residential construction in developing areas of the world is likely to be the major driver for the global polyphenylene oxide market.
The global polyphenylene oxide market is expected to be valued at USD 950 billion by 2025.
The global polyphenylene oxide market is expected to exhibit a strong 4.9% CAGR over the forecast period from 2019 to 2025.