Polyphenylene Oxide (PPO) Resins Market 2018 Research Report Analysis, Size, Share, Growth, Trends And Forecast Opportunities To 2023

Polyphenylene Oxide (PPO) resins Market

The global polyphenylene oxide (PPO) resin market was valued at US$ XX million in the year 2018, and is expected to reach US$ XX million by the year 2023, growing at a CAGR of 4.2% during the forecast period. In terms of volume the global polyphenylene oxide resins market was valued at XX KT in the year 2018 and is expected to reach XX KT by the year 2023, growing at a CAGR of XX%.

Polyphenylene oxide is a high-performance polymer that has resistance to high temperatures. Its glass transition temperature is very high up to 210°C. Additionally it has excellent resistance to acids and bases, outstanding electrical properties, and high mechanical strength, which makes its suitable for use in various end-user industries.

PPO has good load bearing characteristics and dimensional stability even at high temperatures. However, the material is resistant to very high temperature and therefore its processing becomes difficult. Generally, polymers are processed by heating them to a very high temperature and bringing them to a liquid-like state. PPO is very rarely used in its pure form due to the difficulties in processing. It is commercially available in forms blended with high-impact polystyrene (HIPS), polyamide or high impact styrene-butadiene copolymer.

The major factors driving the growth of the polyphenylene oxide market are its increasing use in the various end-user industries such as automotive and consumer goods. Apart from the increasing expenditure on electronic devices such as smartphones, television sets, laptops, tablets, etc. is also expected to drive the growth of the PPO resins market. The growing automotive sector in developing countries is further expected to augment the growth of the market.

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The Polyphenylene Oxide (PPO) resins market report covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An exclusive coverage has been provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the market in the near future.

Based on end-user, the market has been segmented into automotive, electrical and electronics, consumer goods, and others. The automotive end-user segment accounts for a significant share in the PPO resins market. The PPO resins are used for the manufacturing of seat backs, functional parts in the ventilation, heating, and coolant sectors, spoilers, grills, body panels, impellers for water pumps in engine cooling etc.

The automotive sector is witnessing growth particularly in developing countries such as China, India, South Korea, etc. Apart from this, the rising trend of electric vehicles is expected to drive the growth of the PPO resins in the automotive sector.

Based on geography, Asia Pacific dominates the global polyphenylene oxide (PPO) resins market and is expected to show similar trend during the forecast period. This growth can be attributed to the expanding automotive and electrical and electronics industry in this region. The Indian auto components industry reported a turnover of US$ 51.2 billion in 2018 and is expected to reach US$ 200 billion by the year 2023. Similarly there is significant growth seen in the Chinese automotive sector.

Furthermore, the rising per capita income coupled with the increasing sale of appliances is also expected to drive the PPO resins market in this region. Also, more and more chemical manufacturers are setting-up polymer manufacturing plants in this region in order to cater to the rising demand for various types of polymers in this region.

Company Profiles:

The notable players operating in the polyphenylene oxide resins market are

SABIC (Saudi Arabia), Mitsubishi Chemical Corporation (Japan), Evonik Industries AG (Germany), Asahi Kasei Corporation (Japan), Sumitomo Chemical Co., Ltd. (Japan), LyondellBasell (the Netherlands), BASF SE (Germany), and Oxford Polymers (US) amongst others.

Most of these companies are ramping up production capacity in order to meet the current and future market demand. For instance, in February 2018, SABIC has announced its plans to restart the production of PPE resin at its Bergen op Zoom plant in the Netherlands. Once operations commence at this plant it is expected to add a global capacity of more than 40% over the 2017 baseline.

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