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Polyphenylene Oxide Market Set To Witness A CAGR Of 5.3% By 2025: Grand View Research Inc.

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Polyphenylene Oxide Market Set To Witness A CAGR Of 5.3% By 2025: Grand View Research Inc.

July 10
09:38 2019
Polyphenylene Oxide Market Set To Witness A CAGR Of 5.3% By 2025: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
Globally, surging demand for electronic products such as outlet boxes, smoke detectors, and lighting is poised to boost the growth of the polyphenylene oxide market.

According to a report, “ Polyphenylene Oxide (PPO) Market Size, Share & Trends Analysis Report By Application (Electronic Components, Fluid Handling, Air Separation Membranes, Medical Instruments, Automotive), And Segment Forecasts, 2018 – 2025 ”, published by Grand View Research, Inc., The global polyphenylene oxide (PPO) market size is projected to reach USD 2.27 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% during the forecast period. Rising demand from end-user industries such as automotive and electronics & electrical.

Globally, surging demand for electronic products such as outlet boxes, smoke detectors, and lighting is poised to boost the growth of the PPO market. Improving living standards coupled with increasing per capita disposable income is estimated to positively impact the market over the forecast years. Burgeoning automotive manufacturing in Latin America and Asia Pacific is expected to stimulate the growth of the market.

 Further key findings from the report suggest:

  • In terms of revenue, the automotive application is expected to rise at a CAGR of 4.1% from 2018 to 2025 owing to growing automotive production in emerging economies

  • The U.S. polyphenylene oxide market is anticipated to exceed 85 kilo tons by 2025, owing to presence of a large number of automotive companies and rapidly increasing shale gas operations

  • The PPO market is moderately concentrated owing to presence of both large as well as small players

  • Some of the key companies present in the market are BASF, SABIC, Mitsubishi Chemical Holdings Corp., Sumitomo Chemicals, Momentive Performance Materials, LyondellBasell, Polyplastics Co. Ltd., Asahi Kasei Chemicals Corp., and Solvay SA.    

 U.S. polyphenylene oxide market

Rising consumer awareness regarding new technologies in emerging economies is anticipated to fuel the demand for advanced electronic components. Increasing trade of electronic devices among countries is anticipated to unfold immense growth opportunities for market players.

Electronic components emerged as the leading application segment in the polyphenylene oxide market. Major products where electronic components are used are relay housings, pump housing/impellers, connectors, bobbins, circuit breakers, motor brush cards, coil encapsulation, fans and blowers, heat exchangers, thermostat housings, and large and small appliances.

Increasing PPO application in the electrical and electronics industry such as TV output transformer, air conditioning control boxes, deflection yoke and bobbins are slated to stoke the growth of the market. Asia Pacific is the leading regional market, with a global volume share estimated at over 50.0% in 2017. Favorable economic policies coupled with entry of global plastic manufacturers are supporting the growth of the market in Asia Pacific.

A well-established electrical & electronics manufacturing base in China, Taiwan, and South Korea coupled with a strong chemical manufacturing base in India is likely to trigger the adoption of polyphenylene oxide. China being the major market has witnessed tremendous growth in end-use industries.

Request A Free Sample Copy Of Polyphenylene Oxide Market Report At: www.grandviewresearch.com/industry-analysis/polyphenylene-oxide-ppo-market/request/rs1

Regional Insights

Various government initiatives to develop manufacturing sector by providing subsidies, tax cuts, increase in FDI limit are attracting major global players to expand their operations in Asia Pacific. In 2016, China emerged as the largest automotive market across the globe. India is the largest two-wheeler market in the world. In electronics, China and India are the two biggest markets for smartphones. Presence of well-developed automotive market along with growing infrastructure investment is creating a positive growth arena for the regional market.

The Central & South America region is estimated to progress at a significant CAGR during the forecast period owing to ongoing development in the electronics and automotive industry. The electronics industry in CSA is attracting global investors owing to its rapid development, vertical markets, and economic growth. Positive economic trends in the region have considerably increased purchasing power of customers, which has impacted the growth of the regional market positively.

Global polyphenylene oxide market

The North America market is driven by technologically advanced manufacturing bases, high consumer awareness, and a versatile end-user landscape. The U.S. is at the forefront of the regional market and is primarily driven by increasing consumption of polypheylene oxide in automotive and industrial machinery applications.

Grand View Research has segmented the global polyphenylene oxide market on the basis of application and region.

Polyphenylene Oxide Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Air Separation Membranes

  • Medical Instruments

  • Domestic Appliances

  • Automotive (Structural Parts)

  • Electronic Components

  • Fluid Handling

Polyphenylene Oxide Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • Korea

    • Taiwan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

 

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Website: www.grandviewresearch.com/industry-analysis/polyphenylene-oxide-ppo-market