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Polyphenylene Oxide (PPO) Resins Market by End-use Industry (Electronic & Electrical Industry, Automotive & Transportation Industry, Appliances & Consumer Goods Industry,Others (Packaging, Building, etc)), by Region (North America, Europe, Asia Pacific, Rest of the World) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Polyphenylene ether (PPE), also known as polyphenylene oxide (PPO), is a thermoplastic, non-crystalline, linear polyether that is considered one of the most important engineering thermoplastics due to its high heat distortion temperature, superb resistance to chemicals, and high strength. Further, PPO resins find wide usage in several end-use industries, such as automotive, electrical and electronics, machinery, appliances, and consumer goods industries, among others, on account of their low moisture absorption rate, heightened resistance to flames, high mechanical properties, and superior dimension stability. PPO resins find major usage in technical parts owing to their fair performance/price ratio for electrical and mechanical properties, low moisture intake, and superior dimensional stability, among others. However, a few of its drawbacks include high sensitivity to fire and other common chemicals such as concentrated mineral acids, hydrocarbons, and chlorinated solvents, as well as a limited number of producers, among others.

Market Synopsis

Rising demand for automotive components is fueling market growth for polyphenylene oxide (PPO) resins.

The automotive industry is one of the major end-users of polyphenylene oxide (PPO) resins. PPO resins are primarily used for manufacturing automotive grills, instrument panels, steering columns, radiator tanks, bulb sockets, outer mirror housings, wheel covers, and automotive fascia, among others. The automotive components industry in India was valued at US$ 43.5 billion in 2016-2017, according to the Automotive Component Manufacturers Association of India (ACMA), with an average growth rate of 7%.

Asia Pacific dominated the global polyphenylene oxide resins market in 2017.

In 2017, Asia Pacific dominated the global polyphenylene oxide resins market. The region also exhibited the fastest growth during the forecast period. This is mainly due to growth in the telecommunications industry over the years. Increasing penetration of digitalization in the Asia Pacific region results in increasing demand for electronic appliances, which include smartphones, TVs, smart home appliances, and security systems, among others. In 2017, home appliances and consumer goods in Asia Pacific recorded a 5% overall growth rate, which is more compared to the growth rate of the developed regions such as the U.S., Canada, and European countries such as Germany, the U.K., and France, among others, which registered a growth rate of 2–3% from the years 2015 to 2017.

Fluctuations in raw material prices are impacting the profitability of manufacturers.

Fluctuations in crude oil prices result in an increase or decrease in the profitability margin of resin manufacturers. The "futures contract" that is set between the buyer and seller allows the buyer to buy resin at a set price in the future as well, which sets an uncertainty in the profitability margin of the resin manufacturers due to fluctuations in oil prices. This is a major factor restraining the growth of the polyphenylene oxide (PPO) resins market at present. Asahi Kasei Chemicals Corporation, Saudi Basic Industries Corporation (SABIC), Romira GmbH, Entec Polymers, LLC, Evonik Industries AG, Mitsubishi Chemical Corporation, RTP Company, Inc., Solvay S.A., Ensinger GmbH, and China National Bluestar (Group) Co., Ltd., among others, are some of the prominent players in the global polyphenylene oxide (PPO) resins market.

Periods of History and Forecast

Our study analyzed each market segment during the period of 2016 to 2026, with 2017 as the base year. The forecast period between 2018 and 2026 isconsidered for the CAGR calculation.

Report Scope

The report provides a thorough outline of the global polyphenylene oxide (PPO) resins market by categorizing it into the different segments given below:

This research report describes leading continents and their major countries, along with profiles of key players operating in the overall market and their planned developments. Our report further defines the overall market dynamics, such as drivers, challenges, and opportunities prevalent in the market, to understand the global polyphenylene oxide (PPO) resins market more explicitly. Our in-depth quantitative and qualitative analysis of each segment up to the country level highlights revenue pockets and investment opportunities in the market.

Key questions are answered in this report.

  • What are the current market trends in the polyphenylene oxide (PPO) resins market and the most valuable opportunities for the players?
  • Which are the prominent and recent innovations in the market?
  • Which is the most lucrative region for investment?
  • What are the market size and trends in emerging markets?
  • Which are the major end-use industries for polyphenylene oxide (PPO) resins, and what are their market sizes?
  • Which are the leading players and their market positions?

Frequently Asked Question:

The market for Polyphenylene Oxide Resins Market is expected to reach USD$ 43.5 billion in 2026.

The Polyphenylene Oxide Resins Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2018 -2026.

The base year of this report is 2017.

Entec Polymers, LLC, Evonik Industries AG, Mitsubishi Chemical Corporation, RTP Company, Inc., Solvay S.A. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Aug 2018
Category:  Chemicals
Report ID:   59284
Report Format:   PDF
Pages:   120
Rating:    4.2 (50)
Delivery Time: 24 Hours to 48 Hours   
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