Global Polyphenylene Oxide Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 1,706.68 Million |
 Market Size (Forecast Year) |
USD 2,663.23 Million |
 CAGR |
% |
| Major Markets Players |
Global Polyphenylene Oxide Market, By Type (PPO Resin, MPPO), Application (Electronic Components, Fluid Handling, Air Separation Membranes, Medical Instruments, Automotive) – Industry Trends and Forecast to 2029
Polyphenylene Oxide Market Analysis and Size
Polyphenylene oxide are well-known due to their excellent distinguishing characteristics and mechanical capabilities, including their dimensional stability, low specific gravity, insulating properties etc. These characteristics make polyphenylene oxide is best choice in the electronics and automotive industries. The major suppliers of polyphenylene oxide are concentrating on introducing new products to fulfil the increasing demand from several end user industries. The medical instrumentation is the highest growing application segment due to ongoing advancement across the medical sector along with growing consumer spending on health over the forecast period of 2022-2029. Moreover, polyphenylene oxide manufacturers are increasing their spending on R&D to produce unique products and get a competitive edge over other market participants.
Data Bridge Market Research analyses that the polyphenylene oxide market is expected to undergo a CAGR of 5.72% during the forecast period. This indicates that the market value, which was USD 1,706.68 million in 2021, would rocket up to USD 2,663.23 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Polyphenylene Oxide Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD million, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (PPO Resin, MPPO), Application (Electronic Components, Fluid Handling, Air Separation Membranes, Medical Instruments, Automotive) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
|
Market Players Covered |
BASF SE (Germany), SABIC (Saudi Arabia), RTP Company (U.S.), Celanese Corporation (U.S.), Ensinger (India), Mitsubishi Electric Corporation (Japan), 3M (U.S.), Goodfellow (U.K.), Asahi Kasei Chemicals Corporation (Japan), Solvay (Belgium), Sumitomo Chemical Co., Ltd (Japan), LyondellBasell Industries Holdings BV (Netherlands), Momentive (U.S.), Mitsubishi Chemical Corporation (Japan) |
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Market Opportunities |
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Market Definition
Polyphenylene oxide is a high-performance amorphous engineering thermoplastic. It has high resistance properties towards many chemicals such as organic and mineral acids, alcohols, oils, and ketones, and also resistance to high temperatures. Polyphenylene oxide is a high-temperature thermoplastic. It is hardly used in its pure form due to its complications in the processing. It is generally used as blend with polystyrene and high impact styrene-butadiene copolymer or polyamide.
Polyphenylene Oxide Market Dynamics
Drivers
- Rising usage in electronic sector
Growing demand for polyphenylene oxide from electronics industries are expected to drive the market growth. Global upsurge in electronic components demand such as outlet boxes, lighting, and smoke detectors are estimated to drive the polyphenylene oxide market growth rate. polyphenylene oxide is blended with high-intensity polystyrene (HIPS) or nylon to get modified polyphenylene oxide which exhibit good thermal properties and high glass transition temperature.
- Growing demand of polyphenylene oxide in automotive industry
Growing demand of polyphenylene oxide from automotive industry due to their profitable properties such as excellent electrical insulation, mechanical properties, low moisture absorption, and dimensional stability is anticipated to drive the growth of the polyphenylene oxide market. Growing automotive industry in emerging countries is expected to remain a major driving factor for growth of the market.
Furthermore, polyphenylene oxide has got substantial industry consideration due to extensive range properties that raises its demand from several industrial applications such oil and gas, as automotive, electronics, among other industries.
Opportunities
- Rising awareness regarding advanced product
Polyphenylene oxide (PPO) mainly belongs to the class of engineered polymers. Increasing awareness regarding the advanced materials, which improve the properties of end-product as well as deliver strength, is boosting the demand for engineered polymers. The major suppliers have now started working with compounders and equipment manufacturers to develop new, innovative technologies and applications which will create beneficial opportunities for the growth of the polyphenylene oxide in forecast period.
- Increase focus towards expansion
The major companies are mostly shifting their focus towards introducing new and innovative products and growing their production capacities into the polyphenylene oxide market in order to attain the competitive advantage. The products are developed in such a way that would help with the compliance of stringent regulations.
Restraints/Challenges
- Limited commercial usage of polyphenylene oxide
The commercial use of polyphenylene oxide and its derivatives are limited because of its susceptibility to thermal oxidation associated with its high glass transition temperature which impose a significant challenge for the melt processing. This is the major factor which obstruct the growth rate of the market during forecast period.
- High Costs to Restrict Market Growth
The raw of polyphenylene oxide is very expensive than other in nature and is difficult to process; this factor may act as a restraining factor for the growth of the polyphenylene oxide market globally.
This polyphenylene oxide market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polyphenylene oxide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Polyphenylene Oxide Market Scope
The polyphenylene oxide market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- PPO Resin
- MPPO
Application
- Electronic Components
- Fluid Handling
- Air Separation Membranes
- Medical Instruments
- Automotive
Polyphenylene Oxide Market Regional Analysis/Insights
The polyphenylene oxide market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the polyphenylene oxide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the polyphenylene oxide market due to huge demand from consumer appliances which is made up of polyphenylene oxide (PPO) composites. increasing demand of polyphenylene oxide from electrical and electronics industry such as air conditioning control boxes, TV output transformer, deflection yoke and bobbins in this region.
North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to significant investment in infrastructural development, growing construction industry and rising investments to revitalize electrical and electronics sector in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyphenylene Oxide Market Share Analysis
The polyphenylene oxide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyphenylene oxide market.
Some of the major players operating in the polyphenylene oxide market are:
- BASF SE (Germany)
- SABIC (Saudi Arabia)
- RTP Company (U.S.)
- Celanese Corporation (U.S.)
- Ensinger (India)
- Mitsubishi Electric Corporation (Japan)
- 3M (U.S.)
- Goodfellow (U.K.)
- Asahi Kasei Chemicals Corporation (Japan)
- Solvay (Belgium)
- Sumitomo Chemical Co., Ltd (Japan)
- LyondellBasell Industries Holdings BV (Netherlands)
- Momentive (U.S.)
- Mitsubishi Chemical Corporation (Japan)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
