Polyphenylene oxide (PPO), is an amorphous type of engineering thermoplastic. Low moisture absorption, chemical resistance, flame resisting capabilities, and heat resistance are few of the prime characteristics exhibited by the product. This thermoplastic is used for multiple applications such as telecommunication & electrical components, dish-washing & washing machine parts, electronic devices, air separation membranes, automobiles, and fluid handling.
The size of the global polyphenylene oxide market was estimated at US$ 1.79 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2022 to US$ 2.66 billion by 2032..
.jpg "The Polyphenylene Oxide Market 2022-2032 (USD Billion)")
Growing awareness for advanced material, along with ongoing advancement across equipment manufacturing is driving the industry growth. Rising consumer inclination toward electronic devices such as tablets, laptops, LCDs coupled with increasing demand for home appliances is further complementing the upsurge. In addition, ongoing research & development activities in order to enhance the characteristics of the product are expected to stimulate the business outlook in the coming years.
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.
Polyphenylene Oxide Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | US$ 2.66 billion |
| Growth Rate | CAGR of 4.1 % during 2022-2032 |
| Segment Covered | by Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | SABIC, BASF, Sumitomo Chemicals, Mitsubishi Chemical Holdings Corp., LyondellBasell Industries N.V, Solvay S.A., Asahi Kasei Chemicals Corp., Polyplastics Co. Ltd., Momentive Performance Material (MPM) Holding LLC |
Key Segment Of The Polyphenylene Oxide Market
by Application (USD Billion)
• Automotive & Transportation
• Electronic Components
• Domestic Appliances
• Medical Instruments
• Air Separation Membranes
• Fluid Handling
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The Global polyphenylene oxide ppo market is Segmented on the basis of Type, Application, And Geography.
The polyphenylene oxide ppo market is growing at a CAGR of 4.1 % over the forecast period.
The major contenders in the global market are SABIC, BASF, Sumitomo Chemicals, Mitsubishi Chemical Holdings Corp., LyondellBasell Industries N.V, Solvay S.A., Asahi Kasei Chemicals Corp., Polyplastics Co. Ltd., Momentive Performance Material (MPM) Holding LLC
PPO is an engineered polymer which is capable of operating effectively at high temperature. The growing application of advanced materials that enhance end-user product features and provide improved strength is driving the industry size. The ongoing upsurge across electrical, electronics, and automotive, is contributing significantly to product demand. Furthermore, the thermoplastic is witnessing enhanced application across air separation membranes and fluid handling. PPO utilization improves the functioning of membranes and eliminates the requirement of polysulfide membranes in air separation membranes. Furthermore, low moisture absorption, improved stiffness, and enhanced strength are spurring its demand for fluid handling applications. Although, price volatility along with the high price in comparison to other resins is hampering the industry growth. However, rising awareness and extended application leading to increasing investment toward innovation activities are expected to complement the business landscape over the forecast timeline.
Type Segment
On the basis of the material segment, the market is categorized into MPPO and PPO resin segment. MPPO holds significant share across the global Polyphenylene Oxide market in 2018 and PPO resins is anticipated to gain significant growth for the forecast period 2019-2025.
Application Segment
Polyphenylene Oxide market is segmented into automotive, medical instruments, air separation membranes, electronic components, home appliances, and others, on the basis of application. In this segment, automotive segment is anticipated to hold a major share in the coming years.
-2018-2025-(USD-Million).png "Global Polyphenylene Oxide Market by Application (Automotive) 2018-2025 (USD Million)")
The Asia Pacific is expected to hold a significant share over the forecasted timeframe. Positive economic outlook across the region along with improving living standards is escalating the demand for electronic products such as high performing laptops, LEDs along rising adoption of automobiles is surging product demand. The product is used to enhance the characteristics of the material. Furthermore, the rising establishment of the PPO production facilities across the region to cater established electronics and automobile industry is expected to drive the business outlook in the coming years.
The major players operating across the global Polyphenylene Oxide market include SABIC, BASF SE, Sumitomo Chemicals, LyondellBasell Industries, N.V., Solvay, Asahi Kasei Plastics, and Mitsubishi Chemicals, including others. The industry for Polyphenylene Oxide is integrated with the participation of established global players across the globe. In addition, these companies are focusing on expanding their footprint through the implementation of inorganic as well as organic strategies which in turn is proliferating the business outlook.