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The Global Polyphenylene Ether Market is expected to rise at a stable growth rate over the forecast period from 2018 to 2023, according to a new market research report from Market Research Future (MRFR). The Global Polyphenylene Ether Market is segmented and analyzed in detail in the report in order to understand the market’s major growth drivers and restraints and leading segments. Key players in the Global Polyphenylene Ether Market are also assessed in the report to profile the market’s competitive landscape and dynamics.Polyphenylene ether is a thermoplastic, linear, non-crystalline polyether obtained by the oxidative polycondensation of 2,6-dimethylphenol in the presence of a copper amine catalyst. Polyphenylene Ether has become a major polymer in the global plastics market over the last few years due to the growing demand for Polyphenylene Ether from the automotive, electrical, and electronics industries.
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This is likely to remain the major driver for the Global Polyphenylene Ether Market over the forecast period due to the growing demand for lightweight, fuel-efficient automobiles in emerging, increasingly affluent regional markets all over the world. Lightweight automobiles have become a major topic in the global automotive industry in recent years, with governments as well as public will being shifted to the use of these vehicles due to their lighter load on the planet’s environment. This is likely to remain a major driver for the Global Polyphenylene Ether Market over the forecast period, as the global automotive industry is likely to grow at a rapid growth rate over the forecast period, which will drive the demand for various components used in the production of cars and other vehicles.
The growing electrical industry in the world’s emerging regions is also likely to be a major driver for the Global Polyphenylene Ether Market. Due to the high flame retardancy of polyphenylene ether, it is becoming increasingly popular in electrical fittings and circuitry. The growing use of new electrical connections and electrical components in underdeveloped regions such as Asia Pacific and Latin America is likely to be a major driver for the Global Polyphenylene Ether Market over the forecast period.
Segmentation:
The Global Polyphenylene Ether Market is segmented on the basis of Type, Application and Region.
On the Basis of Type, the Polyphenylene Ether Market is segmented into PPE/PA (polyamide), PPE/PP (polypropylene), PPE/PS (polystyrene), and others. PPE/PA held a share of more than 45% in the Global Polyphenylene Ether Market in 2017 and is likely to remain dominant in the Global Polyphenylene Ether Market over the forecast period.
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Based on Application, the market has been divided into aerospace, automotive, healthcare, electrical and electronics, and others. The growing development of lightweight electric vehicles is likely to be a major driver for the Global Polyphenylene Ether Market over the forecast period, as these cars contain plastics in large amounts and are becoming increasingly popular in high-volume markets such as China.
Industry Updates:
In January 2019, SABIC announced that Chase Plastics would serve as its distribution partner in North America starting from Q1 2019.
Regional Analysis:
The Global Polyphenylene Ether Market is segmented into North America, Latin America, Asia Pacific, and Europe.
Asia Pacific accounted for the dominant share in the Global Polyphenylene Ether Market in 2017 and is likely to remain the leading revenue generator in the global market over the forecast period due to the growing electrical and electronics industry in the region’s emerging economies such as China, India, Indonesia, Malaysia, and Thailand. The increasing demand for new electrical connections and fittings is likely to be the major driver for the Polyphenylene Ether Market in Asia Pacific over the forecast period, as the growing prosperity of these countries is leading to an increasing demand for electrical connections and components.
North America is also likely to be a major regional market over the forecast period due to the growing demand for polyphenylene ether in the automotive industry and the electrical industry.
Competitive Analysis:
Leading players in the Global Polyphenylene Ether Market include Asahi Kasei Co., Evonik Industries AG, LyondellBasell Industries Holding B.V., Oxford Polymers, SABIC, Sumitomo Chemical Co. Ltd., Polyplastics Co. Ltd., Mitsubishi Chemical Corporation, Entec Polymers, and BASF SE.
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Release ID: 483722
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