Poly(p-phenylene ether) Market: Introduction
Poly(p-phenylene ether) also known as poly (phenylene oxide) is a high temperature engineering plastic belonging to the Polyphenylether polymer class. This specialty plastic was discovered in 1956, by Allan Hay and commercialized by General Electronics in 1960. Poly(p-phenylene ether) has a cost advantage over other engineering plastics but it is difficult to process it in its pure form. A major chunk of Poly(p-phenylene ether) is marketed as a blend with Polystyrene or nylon to improve its toughness and processability.
The oldest brand available in the market is that of Saudi Arabia Basic Industries Corporation (SABIC) and is popularly known as Noryl. Some of the key applications of Poly(p-phenylene ether) includes that in electrical & electronics, automotive, consumer & home appliances, aerospace, medical & healthcare, food processing, and industrial applications, which includes their use in conveying technology and structural parts.
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Poly(p-phenylene ether) Market: Market Dynamics
The key driving factor for the global Poly(p-phenylene ether) market is its use in automotive electronics and automotive exterior parts. Plastics have been replacing metals in a number of applications in the automotive and aerospace industry. Their weight reduction properties assists manufacturers to abide by government regulations, which are forced towards less polluting automotive. Lighter automotives are intended towards high fuel efficiency.
With depleting fossil fuels, the shift towards lighter automotive has been the foremost areas of focus of the R&D divisions across automotive stakeholders. The industry is forecast to register growths in line with that of the global GDP, further driving the demand growth for Poly(p-phenylene ether). The increasing use of plastics in the medical industry is also driving the demand growth for PPS.
The global manufacturing sector is experiencing an upward movement since its downfall during the global economic recession in 2008-2009. Since then the sector has experienced newer technologies, safety standards and government regulations. Rising outputs in the electronics industry, especially the consumer electronics sector is creating an avenue of opportunities for engineering plastics like Poly(p-phenylene ether), that have a cost advantage over other engineering plastics.
Automotive, electrical & electronics and industrial applications account for a share of over 60% in the global Poly(p-phenylene ether) market. Healthcare will remain as one of the emerging hotspots for Poly(p-phenylene ether) in the long-term forecast.
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Poly(p-phenylene ether) Market: Regional Outlook
The global Poly(p-phenylene ether) market is segmented into seven regions including North America, Latin America, Europe, CIS & Russia, Japan, APEJ (the Asia Pacific excluding Japan) and MEA. Among the above-mentioned regions, North America and Europe are estimated to account for more than 35% of global Poly(p-phenylene ether) consumption with key producers having their Poly(p-phenylene ether) manufacturing facilities in the regions. East Asia on the back of China, is anticipated to witness a high growth in the global Poly(p-phenylene ether) market during the long term forecast.
Presence of emerging economies in South Asia, makes the region register growth rates closer to that of East Asia. India is one of the key emerging markets for Poly(p-phenylene ether) in the region. Moreover, North America followed by Europe are projected to showcase moderate growth in the global Poly(p-phenylene ether) market with Japan following a trend similar to these regions. Middle East & Africa and Latin America accounts for a mere single digit market share in terms of Poly(p-phenylene ether) demand.
Poly(p-phenylene ether) Market: Prominent players
Prominent players and compounders in the global Poly(p-phenylene ether) market are SABIC, Mitsubishi Engineering Plastics, Asahi Kasei, Evonik Industries AG, Arkema SA, Ensinger GmbH, Evonik Industries AG, etc. The Poly(p-phenylene ether) market consists of well-diversified global and regional players with the global vendors are ruling the market.
The research report presents a comprehensive assessment of the Poly(p-phenylene ether) market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Poly(p-phenylene ether) market report provides analysis and information, according to market segments such as geographies, application and industry.
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The Poly(p-phenylene ether) report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Poly(p-phenylene ether) report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Poly(p-phenylene ether) report also maps the qualitative impact of various market factors on market segments and geographies.