Global Polyphenylene Oxide Market to 3.55% CAGR to 2021 – Analysis of Asahi Kasei, China National Bluestar, Evonik, MITSUBISHI GAS CHEMICAL, and SABIC

MarketResearchNest.com adds “Global Polyphenylene Oxide Market 2017-2021” new reports to its research database. The report spread across 76 pages with tables and figures in it.

The research analysts forecast the global polyphenylene oxide market to grow at a CAGR of 3.55% during the period 2017-2021.

Polyphenylene oxide is a high-temperature engineered plastic, which is known for its high performance. As various difficulties are faced while processing polyphenylene oxide, it is rarely used in its original form. It is generally blended with either polystyrene, styrene-butadiene copolymer, or polyamide. The general glass transition temperature of polyphenylene oxide is around 215°C. However, it can be adjusted as per the demand by mixing it with polystyrene. Moreover, properties of polyphenylene oxide can be modified with the addition of fillers such as glass fibers.

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Technavio recognizes the following companies as the key players in the global polyphenylene oxide market: Asahi Kasei, China National Bluestar, Evonik, MITSUBISHI GAS CHEMICAL, and SABIC.

Other Prominent Vendors in the market are: Aetna Plastics, Aline Components, ROMIRA, and Sigma-Aldrich.

The latest trend gaining momentum in the market is High growth in APAC. APAC has shown remarkable growth in past few years. This was characterized by a sharp rise in China’s economy. In 2017, China's annual growth rate improved significantly when compared with that in 2016. Even in Southeast Asian countries showed tremendous growth in the same year.

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According to the report, one of the major drivers for this market is Accelerating demand for electronic components globally. Thermoplastics like polyphenylene oxide are witnessing tremendous growth in the market due to their use in electronics and electrical appliances. As it is used to boost the insulation properties of components, the demand for polyphenylene oxide in the manufacturing of electronic devices and machines is increasing. Some of the products where it is mainly used include lighting systems, outlet boxes, and smoke detectors. The fabrication of electronic circuits with the use of old and conventional techniques is costly and time consuming. Thus, to avoid this, the use of specialty plastics like polyphenylene oxide is preferred.

Further, the report states that one of the major factors hindering the growth of this market is Availability of PVC alternatives to polyphenylene oxide. The presence of alternatives like PVC is posing a huge threat to the market demand for polyphenylene oxide. Both are thermoplastics but are competent in terms of physical, mechanical, and thermal properties.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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