Polyphenylene oxide (PPO) Market 2021 Overview by Type, Application (Automotive, Medical Instruments, Home Appliances), Scope & Opportunities Analysis Forecast 2025
Global Polyphenylene Oxide (PPO) market size is anticipated to reach over USD 800 million by 2025. It is a crystalline thermoplastic which possesses heat distortion resistance capabilities.
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The increasing adoption and manufacturing of the electronic and electrical devices and materials among the individuals owing to the rising disposable incomes of the people across various regions, growing dependency of the individuals on such devices as well as increasing usage and convenience caused due to these devices in terms of the features and ease of operation are the major factors that are fueling the growth of the global Polyphenylene oxide (PPO) market over the coming years. Further, rising usage of the product in devices such as laptops, LCDs, home appliances which have become mandatory in several houses and parts of various electronic home appliances such as washing machines and others are further contributing to the expansion of the global Polyphenylene oxide (PPO) market over the coming years.
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Moreover, several beneficial properties of the oxide such as resistance to chemicals, resistant to moisture, heat resistance as well as flame resisting capabilities make them extremely useful in several applications in the manufacturing industries and factories, which is further contributing to the expansion of the global Polyphenylene oxide (PPO) market over the analysis time frame. Further, the thermoplastic is also used across various applications such as in automobile sector, fluid handling, telecommunication and electrical components, parts of refrigerator; washing machine and others are also contributing to the expansion of the global Polyphenylene oxide (PPO) market over the coming years.
Also, increasing technological advancements as well as growing adoption of various technologies in several sectors to offer better opportunities to the individuals as well as to give the features and convenience in the products and services offered by the companies are further contributing to the expansion of the global Polyphenylene oxide (PPO) market over the coming years.
Moreover, increasing competition among the manufacturers in various regions are further contributing to the growth of the global Polyphenylene oxide (PPO) market in coming years due to the rising adoption of several strategies by various companies to promote the use of product and by coming up with new products and management strategies for selling the product. However, the rising spread of the COVID-19 pandemic has hampered the market growth in the recent times due to disruptions in the supply chain eco system of the organization as well as due to imposition of travel bans across various regions in the countries across the globe. However, rising automobile sector and increasing usage of the product is contributing to the industry growth over the coming years.
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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Some Major Points from 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.
9.11.2 Evonik Group
Chapter 10 Appendix
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