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Reshaping Industries: In-Depth Analysis of Polyphenylene Market, Applications, and Growth Drivers.
Polyphenylene Market
As per the report, 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 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%.
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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.
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 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
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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.
Contents of the report:
1. Executive Summary
2. Polyphenylene Market Report Structure
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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