Global Polyphenylene Ether (PPE) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polyphenylene Ether (PPE) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polyphenylene Oxide also known as PPO or PPE. While modified polyphenylene oxide also known as MPPO or MPPE. PPO, Polyphenylene Oxide is a tough, stiff material with high glass transition temperature and high melt point giving a high heat resistance. The material also has outstanding electrical properties and resistance to acids and bases. At high temperatures PPO maintains its good load bearing characteristics and dimensional stability. The material also has excellent dielectric properties and may be rated as self-extinguishing and non-dripping. It is mainly used as blend with polystyrene, high impact styrene-butadiene copolymer or polyamide.

Market Overview:

The latest research study on the global Polyphenylene Ether (PPE) market finds that the global Polyphenylene Ether (PPE) market reached a value of USD 4071.57 million in 2022. It’s expected that the market will achieve USD 5401.36 million by 2028, exhibiting a CAGR of 4.82% during the forecast period.

Polyphenylene Ether (PPE) Market Opportunities and Drivers

Polyphenylene Ether is used to produce engineering plastics. With its excellent impact resistance, chemical stability, high temperature resistance and other properties, it can replace metals as engineering materials in industries such as automobiles and industrial equipment. Compared with metal materials, it has certain advantages over metal materials in terms of processing technology, material weight, corrosion resistance, light transmittance, and price. It has gradually realized the potential of substitution in the field of metal applications. With the continuous development of the downstream engineering plastics industry, engineering plastics products are expected to achieve high-end performance, output growth, and broadening of application fields, and the trend of replacing metal materials is expected to continue to deepen.
Polyphenylene Ether material belongs to the high-tech new material technology and has excellent performance in many fields. Governments of various countries have issued policies to support the development of the industry. Take China as an example. In 2019, the National Development and Reform Commission of China issued the Industrial Structure Adjustment Guidance Catalog (2019 Edition). Among them, “engineering plastics such as polyphenylene sulfide, polyphenylene ether, aromatic ketone polymer, polyarylether ether nitrile, etc.” have been added to the encouraged category. Some technologies and products that are no longer advanced and have overcapacity are eliminated.

Region Overview:

From 2023-2028, Asia-Pacific is estimated to witness robust growth prospects.

Company Overview:

SABIC IP, Asahi Kasei Chemicals, Bluestar, Mitsubishi Engineering Plastics and Romira(BASF) are the five key players in the global Polyphenylene Ether (PPE) market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Polyphenylene Ether (PPE) market in the past 5 years.

Ranked among the world’s largest petrochemicals manufacturers, SABIC is a public company based in Riyadh, Saudi Arabia. 70% of the Company’s shares are owned by Saudi Aramco, with the remaining 30% publicly traded on the Saudi stock exchange. SABIC began in 1976 by Royal decree and its growth has been nothing short of miraculous. Today, the company has operations in over 50 countries with a global workforce of over 33,000 talented individuals.

Asahi Kasei manufactures high performance plastic compounds for OEMs and tier suppliers around the globe. With multiple manufacturing and support facilities located across the globe, Asahi Kasei strives to provide a high level of personal service. They put great emphasis on the importance of design, creation, and problem solving. Asahi Kasei’s production standards guarantee product uniformity and allow their customers to deliver premium experiences.

Segmentation Overview:

Among different product types, MPPO segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Automotive (Structural Parts) segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Polyphenylene Ether (PPE) market covered in Chapter 3:

Kingfa Science and Technology
Asahi Kasei Chemicals
SABIC IP
Romira(BASF)
Mitsubishi Engineering Plastics
Bluestar
Zhongke Xinbao
Evonik
LyondellBasell

In Chapter 4 and Chapter 14.2, on the basis of types, the Polyphenylene Ether (PPE) market from 2018 to 2029 is primarily split into:

PPO Resin
MPPO

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polyphenylene Ether (PPE) market from 2018 to 2029 covers:

Air Separation Membranes
Medical Instruments
Domestic Appliances
Automotive (Structural Parts)
Electronic Components
Fluid Handling
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)