The global polyphenylene ether resin market is in the ascendency in recent years as the demand for the polyphenylene ether resins has risen at a rapid rate in various industries like the medical industry.
The global Polyphenylene Ether Resin market worth US$ 1,879.84 Mn by 2026, growing at a CAGR of 4.3%
Covid-19 Impact & Market Status
The polyphenylene ether resin market has been drastically affected by the pandemic as the industrial activities have reduced and the demand has fallen considerably which has affected the revenue share in the market.
This report studies the segments of the global polyphenylene ether resin market are experiencing remarkable growth and which have great market potential and analyses demand scenario in emerging markets. Despite political, economic, and covid-19 led market fluctuations, the key markets that offer strong commercial opportunity for the “keyword” industry growth are detailed in the report. Moreover, segments of the global polyphenylene ether resin market rank highest in terms of market share on a monetary basis, key markets by region and sub-region, and policies present a barrier to entry of market players are detailed in the report.
At the same time, the global polyphenylene ether resin market rise is also expected to be aided by the increasing awareness among the people regarding the benefits of polyphenylene ether resins and also the technological advancements being made in this field.
Electronic Components Segment To Be In High Demand
The electronic components segment is the foremost application for polyphenylene ether resins which is leading the global polyphenylene ether resin market in revenue share and is predicted to remain at the top of the market during the forecast years as modern devices including mobile phones, smartphones, portable media players, home theatres, and microwaves all employ electronic components.
Asia-Pacific to Dominate
Asia-Pacific will remain atop the market in revenue share and is predicted to remain at the top of the global polyphenylene ether resin market sduring the forecast years due in large part to the rapidly expanding demand for PPE resins in end-use sectors in its major economies. The market in the region is also being driven by an increase in the use of PPE in medical appliances.
North America will rise drastically in the forecast period because of the growing use of polyphenylene ether for machining in the automotive industry, medical industry, rising disposable income, and an expanding consumer products sector are fuelling the market expansion in the United States.
The global polyphenylene ether resin market is expected to benefit from the rising demand for such electronic gadgets, especially in emerging markets. Newer technical advancements including the digitization of consumer communication and entertainment are driving the expansion of the market for electronic components. Electronic products with cutting-edge technology are being made possible by growing innovation and R&D, which will likely lead to a growth in PPO demand globally.
Phenolic monomers are joined by an ether bond in a family of polymers known as polyphenylene ethers (PPE). Due to its great qualities, including flame retardancy, high stiffness, hydrolytic stability, and excellent dimensional stability, PPE is being utilised more and more in a variety of applications, including electrical and electronic, automotive, healthcare, and household appliances.
The global polyphenylene ether resins market is rising rapidly, and is expected to grow nearly USD 2286.52 million by 2029 during the analysis period at a CAGR of 7.2 percent.
The need for energy-efficient automobiles and, consequently, polyphenylene ether, is projected to be fuelled by tightening environmental rules to decrease carbon emissions. A thermoplastic polymer with a great resistance to heat, chemicals, and solvents is polyphenylene ether (PPE). Additionally, because PPE can trap media for volatile and semi-volatile substances, it is in great demand for creating protective PPE kits in the wake of the coronavirus epidemic. In addition, PPE is used to make tools like syringes, needles, and surgical blades since it is chemically resistant.
The global polyphenylene ether resin market is rising rapidly and there is healthy competition among the top players like Evonik Industries AG, Romira GmbH, Asahi Kasei Chemicals Corporation, Entec Polymers, Ensinger GmbH, Sumitomo Chemical, SABIC, Polyplastics, Oxford Polymers, Mitsubishi Chemical, LyondellBasell Industries Holdings B.V., and BASF SE among others.
Latest Innovations in the Global Polyphenylene Ether Resin Market: A Snapshot
- Asahi Kasei Chemicals Corporation will purchase Bionova Scientific, LLC in April 2022 so that the company can add a biopharmaceutical CDMO to its operations.
- In order to expand its range in the American adhesive and sealant market, Arkema announced in August 2021 that it had acquired Ashland Performance Adhesives, a market leader in high performance adhesives for industrial applications.
Polyphenylene Ether Resin Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 2286.52 million|
|Growth Rate||CAGR of 7.2 % during 2021-2028|
|Segment Covered||Type, End User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Evonik Industries AG, Romira GmbH, Asahi Kasei Chemicals Corporation, Entec Polymers, Ensinger GmbH, Sumitomo Chemical, SABIC, Polyplastics, Oxford Polymers, Mitsubishi Chemical, LyondellBasell Industries Holdings B.V., and BASF SE among others.|
Key Segments of the Global Polyphenylene Ether Resin Market
Type Overview, 2019-2029 (USD Million)
- PPO Resin
- Modified Polyphenylene Ether (MPPO)
End User Overview, 2019-2029 (USD Million)
- Air Separation Membranes
- Medical Instruments
- Automotive Parts
- Electronic Components
- Fluid Handling
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa