Polyphenylene Oxide Market Analysis By Business Share, Development Trends, Segmentation, Opportunities and Forecast to 2025
Polyphenylene Oxide market is anticipated to grow at a growth rate of over 5% over the forecast timeline. PPO is extensively used across the automobile sector owing to its capability to operate efficiently at escalated temperatures.
Dallas, United States – April 27, 2021 /MarketersMedia/ —
Polyphenylene Oxide market is anticipated to grow at a growth rate of over 5% over the forecast timeline. PPO is extensively used across the automobile sector owing to its capability to operate efficiently at escalated temperatures. It used in various components such as the ignition system, electrical connector, lighting system, and fuel system. The material enhances the strength while imparting minor weight to the overall automobile, in turn, is favoring the product adoption.
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Rising usage of advanced and modernized equipment and resources in various industries and factories to carry out various tasks in a better way which provides ease of production, helps in cost cutting of the company and gives good performance across various sectors are the major factors propelling the growth of global polyphenylene oxide (PPO) market over the coming years. Further, rising advancements in technologies as well as adoption of these technologies to ensure smooth functioning of the processes and tasks in the factories with minimal requirement of human interaction are further creating opportunities for the growth of global polyphenylene oxide (PPO) market over the forecast timeframe.
Several applications of the chemical in various sector such as automobile, telecommunication, electrical and electronics, fluid handling and others are also contributing to the expansion of global polyphenylene oxide (PPO) market over the analysis time frame. Further, rising consumer interest towards electronic products such as dishwashers, washing machines, automobiles, and others, due to the convenience and comfort of these devices are further creating opportunities for the expansion of global polyphenylene oxide (PPO) market over the forecast time frame. Further, ability of the product to operate at several temperatures are further increasing their usage in the growth of global polyphenylene oxide (PPO) market over the coming years.
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Moreover, growing cases of the corona virus pandemic has caused disruptions in the production and manufacturing of the products due to the temporary shutdown of factories and industries over the analysis time frame. The pandemic has caused disturbances in the supply chain and manufacturing frame work as well as led to the imposition of travel bans across the globe at various locations to avoid the spread of the virus among the people. These are the factors that are likely to hamper the growth of global polyphenylene oxide (PPO) market in the coming years.
Speaking of the regional frame of reference, the global polyphenylene oxide market is fragmented into Saudi Arabia, Germany, India, Egypt, United States, Canada, Turkey, Korea, Philippines, Poland, Nigeria, Netherlands, Sweden, UAE, China, France, Belgium, Thailand, Columbia, Switzerland, South UK, Chile, Australia, Spain, Italy, Malaysia, and Rest of the World
North America is expected to witness a considerable share in the coming years. High consumer awareness, technologically advanced manufacturing facilities, and a diverse end-user application are contributing to the business landscape. Furthermore, surging adoption of PPO in industrial machinery and automotive applications is expected to augment the product demand over the forecast timeframe.
The major industry participants in the global Polyphenylene Oxide market include BASF SE, Solvay, Sumitomo Chemicals, Mitsubishi Chemicals, LyondellBasell Industries, N.V., SABIC, Asahi Kasei Plastics, and including others. The industry for Polyphenylene Oxide constitutes established global players and is witnessing increasing penetration of emerging companies. In addition, the companies are focusing on expanding their market penetration through the adoption of inorganic growth strategies.
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Segment overview of Polyphenylene Oxide market
• Type Overview, 2018-2025, (USD Million and kilotons)
• MPPO
• PPO Resin
• Application Overview, 2018-2025, (USD Million and kilotons)
• Automotive
• Medical Instruments
• Air Separation Membranes
• Electronic Components
• Home Appliances
• Others
• Regional Overview, 2018-2025, (USD Million and kilotons)
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
• South America
o Brazil
o Argentina
o Rest of South America
Some Major points form TOC
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Introduction
Chapter 6 Polyphenylene Oxide Market by Application
Chapter 7 Polyphenylene Oxide Market By Region
Chapter 8 Competitive Landscape
Chapter 9 Company Profiles
9.1 SABIC
9.2 BASF SE
9.3 Sumitomo Chemicals
9.4 LyondellBasell Industries, N.V.
9.5 Solvay
9.6 Asahi Kasei Plastics
9.7 Polyplastics
9.8 Mitsubishi Chemicals
9.9 Momentive Performance Materials
9.10 Kingfa Sci. & Tech Co. Ltd.
Chapter 10 Appendix
10.1 Primary Research Approach
10.2 Questionnaire
10.3 Related Report List
10.4 Published
10.5 Upcoming
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