Press release
Polyphenylene Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Toray Industries Inc., Solvay SA, Tosoh Corporation, DIC Corporation, Kureha Corporation, LG Chem, Celanese Corporation
Polyphenylene Market Size
The Business Research Company offers in-depth market insights through Polyphenylene Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The polyphenylene market size has grown strongly in recent years. It will grow from $4.43 billion in 2023 to $4.84 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to chemical resistance requirements, advancements in polymer chemistry, replacing traditional materials, growth in electronics and electrical industries, demand for lightweight materials, expansion of chemical processing, investments in research and development..
The polyphenylene market size is expected to see strong growth in the next few years. It will grow to $6.9 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to emergence of specialized applications, advancements in polymer processing, increasing demand in medical devices, growth in renewable energy, expansion of aerospace applications, bio-based polyphenylene development, adoption in water treatment systems.. Major trends in the forecast period include technological advancements in production processes, emphasis on flame retardancy, strategic collaborations and partnerships, focus on high-performance grades, .
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Market Segmentation:
The polyphenylene market covered in this report is segmented -
1) By Type: Polyphenylene Sulfide(PPS), Polyphenylene Ether/Oxide(PPE/PPO), Other Types
2) By Application: Composites, Engineering Plastics, High Performance Lubricants, Filter Bags, Other Applications
3) By End-Use Industry: Automotive, Electrical and Electronics, Industrial, Coatings, Other End-Use Industries
Major Driver - Growing Demand For Polyphenylene As A Sustainable Alternative To Conventional Materials Drives Market Growth
The demand for the replacement of conventional materials is expected to propel the growth of the polyphenylene market forward. Conventional materials are traditionally used materials such as plastics with polyethylene and polyvinyl chloride. Polyphenylene polymers are biodegradable and serve as an alternative to conventional materials. For instance, in 2022, according to a survey published by PLOS, a US-based non-profit publisher of science, technology, and medicine-related studies, 42% of the respondents tried to avoid using plastic in their day-to-day uses and 95% of respondents believed that bioplastics should fully or partly replace conventional plastics. Therefore, the demand for the replacement of conventional materials is driving the growth of the polyphenylene market.
Competitive Landscape:
Major companies operating in the polyphenylene market report are Toray Industries Inc., Solvay SA, Tosoh Corporation, DIC Corporation, Kureha Corporation, LG Chem, Celanese Corporation, Saudi Arabia Basic Industries Corporation, China Lumena New Materials Corporation, Ensinger Group, Chevron Phillips Chemical Company LLC, Asahi Kasei Corporation, Biesterfeld AG, Compagnie de Saint-Gobain SA, PolyOne Corporation, Emco Industrial Plastics, Initz Co. Ltd., LyondellBasell Industries N.V., Mitsubishi Chemical Advanced Materials, Nagase America LLC, RTP Company, Lehmann & Voss & Co. KG, AGC Chemicals Americas, Zyex Ltd., Guangzhou Engineering Plastics Industries, BASF, Saint-Gobain Performance Plastics, Sumitomo Bakelite Co. Ltd., Lion Idemitsu Composites Co. Ltd., SK chemicals, Chengdu Letian Plastics Co. Ltd.
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Top Trend - Innovative Product Solutions In The Polyphenylene Industry
Product innovations are a key trend gaining popularity in the polyphenylene market. Major companies operating in polyphenylene are focused on developing innovative product solutions to strengthen their position in the market. For instance, in July 2022, Saudi Basic Industries Corporation (SABIC), a Saudi Arabia-based company operating in polyphenylene, launched a new resin NORYL NHP8000VT3, for the insulation films in EV battery modules, which is a polyphenylene ether (PPO)-based resin. NORYL NHP8000VT3 resin had the ability to meet the UL94 V0 standard at 0.25 mm with unique features such as providing a high level of flame retardance at a thinner film gauge.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Polyphenylene Market Characteristics
3. Polyphenylene Market Trends And Strategies
4. Polyphenylene Market - Macro Economic Scenario
5. Polyphenylene Market Size And Growth
…..
27. Polyphenylene Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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