Polyphenylene Oxide Industry - Growth, Analysis, Overview, Share, Forecast, Size and Outlook 2025

 Key Players:

Key Players operating in the Polyphenylene Oxide Industry are SABIC (Saudi Arabia), Asahi Kasei Corporation (Japan), OXFORD POLYMERS (U.S.), Mitsubishi Chemical Corporation (Japan), Polyplastics Co. Ltd (Japan), Evonik Industries AG (Germany), Kingfa Science & Technology (India) Limited (India), Sumitomo Chemical Co., Ltd. (Japan), LyondellBasell Industries Holdings B.V. (the Netherlands), BASF SE (Germany) among others.

Segmentation:

Global Polyphenylene Oxide Market is categorized on the basis of Application, and Regions.

Based on Application, PPO market is segmented into automotive & transportation, electrical & electronics, household appliances, medical, air separation membranes, fluid handling.

Based on Region, the market is classified into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regional Analysis:

Global Polyphenylene Oxide (PPO) Market is segmented into five regions– North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among them, Asia Pacific accounted for ~47% market in 2016 and is estimated to grow at a tremendous CAGR over the assessment period 2016-2023 due to expanding electrical & electronics as well as automotive & transportation sector which is directly driven by the population upsurge in this region. The Asia Pacific PPO Market is categorized into China, India, Japan, Malaysia, Taiwan, Vietnam, South Korea, and Rest of Asia Pacific.

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Comparatively, China and India together hold the largest market share and is estimated to continue to register speedy growth over the forecast period on account of increasing electronics demand due to rising per capita middle class disposable income. Moreover, shift in automotive manufacturing unit in emerging economies of Asia Pacific such as Indonesia and Thailand is also predicted to propel the regional PPO market. Furthermore, improving economies of scale and rising plastic processing activities in the region is expected to drive market growth. Moreover, ease in availability of raw material, governmental support to end user industries, and favorable weather condition are some other factors driving the PPO Market.

Asia Pacific holds the largest market for Polyphenylene Oxide followed by North America and Europe. Europe is predicted to witness steady growth in the use of PPO due to rising R&D activities and innovations in medical business. European countries such as France, Russia, Poland, Italy, Germany, and U.K dominated the region in 2016 owing to growing investment in the fluid handling and automotive sector. In North America, the countries such as the U.S. and Canada are among the key contributors to the regional market growth on account of the increasing demand of air separation membranes. Furthermore, increasing awareness regarding the benefits associated with the product along with the continuous growth of medical industry is predicted to drive the demand for PPO in North America. In Latin America countries such as Mexico, Brazil, and Argentina are estimated to witness strong growth due to rising consumer expenditure on household appliances. The Middle East & Africa is expected to witness above average growth rate due to strong demand in end use industries on account of rapid industrialization & urbanization. Moreover, increasing per capita disposable income is giving rise to higher household appliances & passenger vehicle demand which in turn is estimated to drive the regional market growth. 

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Polyphenylene Oxide Market 2017: Segments, Landscape and Demand by Forecast 2023

Polyphenylene Oxide (PPO) is a strong engineering plastic with outstanding thermal, electrical, and mechanical properties. It is commonly used in its blended form and mixed with either polystyrene, polyamide, or styrene-butadiene copolymer. Glass transition temperature of PPO is around 215°C. However, on demand basis, it can be adjusted by blending with polystyrene. Low moisture absorption and low thermal expansion make PPO one of the prominent dimensionally stable thermoplastic available. PPO is extensively used for electrical housing and structural components owing to its superior insulating properties, flame and thermal resistance over a wide range of service temperature. They are widely used in numerous applications such as electrical & electronics, household appliances, and automotive & transportation, fluid handling, air separation membranes, and medical.

Some of the important factors that positively influence the growth of the Polyphenylene Oxide Market are increasing per capita disposable income, improved living standards, and growing medical sector. Additionally, increasing usage of PPO in the manufacturing of household appliances along with continuous growth of electronics sector is expected to drive the market growth. Increasing investment in ongoing R&D projects along with the increasing demand for PPO plastics from numerous application is predicted to fuel the market growth. Furthermore, the growth of fluid handling system market is one of the major trends that is expected to contribute to the market growth in the upcoming years. However, availability of PVC alternatives to PPO is expected to hamper the growth of the market.

Competitive Analysis:
The major players operating in the PPO Market are SABIC (Saudi Arabia), Asahi Kasei Corporation (Japan), OXFORD POLYMERS (U.S.), Mitsubishi Chemical Corporation (Japan), Polyplastics Co. Ltd (Japan), Evonik Industries AG (Germany), Kingfa Science & Technology (India) Limited (India), Sumitomo Chemical Co., Ltd. (Japan), LyondellBasell Industries Holdings B.V. (the Netherlands), BASF SE (Germany) among others.

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Market Segmentation:
Globally, Polyphenylene Oxide Market is spanned on the basis of application and region. On the basis of application, the market is segmented into automotive & transportation, electrical & electronics, household appliances, medical, air separation membranes, fluid handling. Among these, electrical & electronics segment has emerged as the leading application segment accounting for around 30% of total market share in 2016. The factor behind the growth of this segment is wide utilization of PPO in TV output transformer, air conditioning electric boxes, bobbins, and deflection yoke in the electrical sector. Automotive & Transportation industry holds the second largest application segment and is predicted to witness a healthy growth due to increasing demand for light weight passenger and commercial vehicles along with rising automotive production and sales. Moreover, increasing demand for domestic appliances such as computer accessories and printers is estimated to propel the market growth in the upcoming years.

Regional Analysis:
Asia Pacific is estimated to be the largest PPO market followed by North America and Europe on account of strong existence of many end use industries. European market is expected to register moderate growth due to presence of major automotive manufacturers in Italy, Spain, and Germany. Asia Pacific PPO market is predicted to register tremendous growth due to continuous expansion of electrical & electronics, automotive & transportation, and medical sector specifically in India, China, South Korea, Taiwan, Japan, and Malaysia. Latin American countries is predicted to witness moderate growth on account of growing purchasing power of consumer along with increasing spending on domestic appliances products. The Middle East & Africa is expected to witness steady growth due to rising foreign investments and strong demand from medical and automotive sector.

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Key Points from Table of Contents:

1    Executive Summary

2    Scope of the Report

3    Market Research Methodology

4    Market Landscape

5    Industry Overview of Global Polyphenylene Oxide Market

6    Market Trends

7. Global Polyphenylene Oxide Market by Application

8. Global Polyphenylene Oxide Market by Region

9. Company Landscape

10. Company Profiles

10.1       SABIC
10.1.1    Company Overview
10.1.2    Product/Business Segment Overview
10.1.3    Financial Updates
10.1.4    Key Developments

10.2       Asahi Kasei Corporation
10.2.1    Company Overview
10.2.2    Product/Business Segment Overview
10.2.3    Financial Updates
10.2.4    Key Developments

10.3       OXFORD POLYMERS
10.3.1    Company Overview
10.3.2    Product/Business Segment Overview
10.3.3    Financial Updates
10.3.4    Key Developments

10.4       Mitsubishi Chemical Corporation
10.4.1    Company Overview
10.4.2    Product/Business Segment Overview
10.4.3    Financial Updates
10.4.4    Key Developments

10.5       Polyplastics Co. Ltd
10.5.1    Company Overview
10.5.2    Product/Business Segment Overview
10.5.3    Financial Updates
10.5.4    Key Developments

11    Conclusion

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