Global Polyphenylene Oxide (PPO) Market to 2026 – Featuring Celanese, BASF and SABIC Among Others – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Polyphenylene Oxide (PPO) Market Outlook to 2026” report has been added to ResearchAndMarkets.com’s offering.

This report provides deep insight into the Industrial market’s current and future state across various regions. The study comprehensively analyses the Polyphenylene Oxide market by segmenting based on the Type (PPO Resin, MPPO, Others), End-User Industry (Automobile, Electronics, Consumer Goods, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trend, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.

Companies Mentioned

• Asahi Kasei Plastics North America, Inc.
• Celanese Corporation
• BASF SE
• Dristupol
• China National BlueStar (Group) Co., Ltd.
• Evonik Industries AG
• Kingfa Sci. & Tech. Co., Ltd.
• Kureha Extron Co., Ltd.
• Mitsubishi Chemical Corporation
• SK Chemicals
• Chengdu Letian Plastics Limited Company
• Lumena New Materials
• RTP Company
• Idemitsu Lion Composites Co.,Ltd.
• SABIC

According to the publisher, the global Polyphenylene Oxide market is expected to witness a significant growth rate during the forecasted period. Factors such as the increasing use of durable, cost-effective, and lightweight metal alternatives in automobiles to increase the fuel economy are expected to drive the global Polyphenylene Oxide market. Further, due to its heat resistance properties, Polyphenylene Oxide is used in the electronics industry, which is expected to drive the market.

Furthermore, the use of Polyphenylene Oxide in Consumer Goods such as washing machines, dish-washers, and other home appliances is expected to drive the global market. Using PPO to make Air separation membranes for generating nitrogen to make fertilizers is also projected to drive the market further. However, stringent government regulations, the presence of substitutes, and fluctuating raw material costs are expected to hinder the global market growth.

Polyphenylene Oxide is used to manufacture automotive components like instrument panels, internal trim, headlights, wheel covers, fuse boxes, speaker grilles, mirror cases, and others like connectors, home appliances, etc. PPO is also used in end-use industries like electronics, and consumer goods, among others.

The Automobile industry is the prime consumer of Polyphenylene Oxide and is projected to drive the global Polyphenylene Oxide market. Knowledge of the relationship between vehicle weight and fuel economy has resulted in automobile makers shifting to cost-effective and lightweight metal alternatives to increase the fuel economy of the vehicles, which has further resulted in the market’s growth. According to Toyota, a leading automobile manufacturer, its total global sales for May 2021 were 904, 670 units, a 48.4% year-on-year increase.

The recent boom in sales of Electric Vehicles is also projected to drive the global Polyethylene Oxide market. Since Polyphenylene Oxide is an engineering material used in parts that require precision both externally and internally in an automobile, its applications are not limited and almost identical in both electric and conventional automobiles, thus making it essential even for the emerging electric vehicle market. Further, according to IBEF, the automobile production in India increased at 2.36% CAGR between FY16-20, with 26.36 million vehicles being manufactured in the country in FY20, with nearly 21.55 million vehicles being sold. Therefore the use of Polyphenylene Oxide in the automobile industry is expected to grow and drive the overall market in the future.

The Asia Pacific region is expected to be the leader in Polyphenylene Oxide production, with most of the consumption in emerging economies such as China and India. Polyphenylene Oxide has a vast scope of application in the automotive industry, which has resulted in a surge of demand from countries such as India, China, and Japan.

China is the most extensive base for automobile production globally, as reported by the China Association of Automobile Manufacturers, according to which vehicle sales in China are expected to hit 27 million in 2021, up 6.7 percent year-on-year. Thus, with thousands of automobiles manufactured daily, China satisfies its domestic need and caters to the international need for vehicles.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

4. Industry Analysis

5. Market Segmentation & Forecast

6. Regional Market Analysis

7. Key Company Profiles

8. Competitive Landscape

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/aa0zg5

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