DUBLIN--(BUSINESS WIRE)--The "Polyphenylene Oxide (PPO) Market Size, Share & Trends Analysis Report By Application (Electronic Components, Fluid Handling, Air Separation Membranes, Medical Instruments, Automotive), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global polyphenylene oxide (PPO) market size is projected to reach USD 2.27 billion by 2025, expanding at a CAGR of 5.3% during the forecast period
Rising demand from end-user industries such as automotive and electronics & electrical.
Globally, surging demand for electronic products such as outlet boxes, smoke detectors, and lighting is poised to boost the growth of the PPO market. Improving living standards coupled with increasing per capita disposable income is estimated to positively impact the market over the forecast years. Burgeoning automotive manufacturing in Latin America and Asia Pacific is expected to stimulate the growth of the market.
Rising consumer awareness regarding new technologies in emerging economies is anticipated to fuel the demand for advanced electronic components. Increasing trade of electronic devices among countries is anticipated to unfold immense growth opportunities for market players.
Electronic components emerged as the leading application segment in the polyphenylene oxide market. Major products where electronic components are used are relay housings, pump housing/impellers, connectors, bobbins, circuit breakers, motor brush cards, coil encapsulation, fans and blowers, heat exchangers, thermostat housings, and large and small appliances.
Increasing PPO application in the electrical and electronics industry such as TV output transformer, air conditioning control boxes, deflection yoke and bobbins are slated to stoke the growth of the market. Asia Pacific is the leading regional market, with a global volume share estimated at over 50.0% in 2017. Favorable economic policies coupled with entry of global plastic manufacturers are supporting the growth of the market in Asia Pacific.
A well-established electrical & electronics manufacturing base in China, Taiwan, and South Korea coupled with a strong chemical manufacturing base in India is likely to trigger the adoption of polyphenylene oxide. China being the major market has witnessed tremendous growth in end-use industries.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Polyphenylene Oxide Market Variables, Trends & Scope
Chapter 4 Polyphenylene Oxide Market: Application Estimates & Trend Analysis
Chapter 5 Polyphenylene Oxide Market: Regional Estimates & Trend Analysis
Chapter 6 Competitive Landscape
Chapter 7 Company Profiles
- BASF SE
- LyondellBasell Industries, N.V.
- Sumitomo Chemicals
- Asahi Kasei Plastics
- Mitsubishi Chemicals
- Kingfa Sci. & Tech Co. Ltd.
- Momentive Performance Materials
- Evonik Group
- China National Blues
For more information about this report visit https://www.researchandmarkets.com/research/96gns5/polyphenylene?w=4