According to a new market report published by Lucintel, the future of the polyphenylene market looks promising with opportunities in the automotive, electrical & electronics, industrial, and coatings industries. The global polyphenylene market is forecast to reach an estimated $3.7 billion by 2027 with a CAGR of 4.5% from 2021 to 2027. The major drivers for this market are growth in the automotive production, increasing electronic content per vehicle, increasing demand for lightweight materials in automotive, and growth in semiconductor industry.
In this market, polyphenylene sulfide and polyphenylene ether/oxide are used in manufacturing of engineering plastics, filter bags, high-performance lubricants, and composites. On the basis of comprehensive research, Lucintel forecasts that polyphenylene sulfide will remain the largest segment over the forecast period due to increasing adoption of polyphenylene sulfide in high- temperature applications due to its superior properties.
Within the polyphenylene market, engineering plastic will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the growing demand in automotive industry. PPS is used in various vehicle components such as electrical connectors, ignition systems, lighting systems, fuel systems, and hybrid vehicle inverter components.
APAC will remain the largest market over the forecast period due to the growing demand for polyphenylene in the automotive and electronics industries.
Emerging trends, which have a direct impact of the dynamics of the polyphenylene market, include development of eco-friendly, chlorine-free polyphenylene sulfide and development of PPS for food and beverage applications. Toray Industries, DIC Corporation, Asahi Kasei, Kureha Corporation, SABIC and Celanese Corporation are among the major polyphenylene manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global polyphenylene market by product type, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Polyphenylene Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global polyphenylene market by product type, application, end use industry, and region as follows:
By Product Type [Volume (KT) and Value ($ Million) from 2016 to 2027]:
· Polyphenylene Ether/Oxide
· Polyphenylene Sulfide
By Application [Volume (KT) and Value ($ Million) from 2016 to 2027]:
· Engineering Plastics
· Filter Bags
· High- Performance Lubricants
· Composites and Others
By End Use Industry [Volume (KT) and Value ($ Million) from 2016 to 2027]:
· Automotive
· Electrical & Electronics
· Industrial
· Coatings
· Others
By Region [Volume (KT) and Value ($M) from 2016 to 2027]:
·North America
– United States
– Canada
– Mexico
·Europe
– Germany
– Russia
– France
– Spain
– United Kingdom
·Asia Pacific
– China
– India
– Japan
– Thailand
– South Korea
Rest of the World
Browse 113 market data tables and 124 figures spread through 236 pages and in-depth TOC on “Polyphenylene Market"
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/global-polyphenylene-market.aspx or write us at helpdesk@lucintel.com.About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, growth opportunities for the global polyphenylene market by product type (polyphenylene ether/oxide and polyphenylene sulfide), application (engineering plastics, filter bags, high-performance lubricants, and composites and others), and end use industry (automotive, electrical & electronics, industrial, coatings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the polyphenylene market?
Q.5 What are the business risks and threats to the polyphenylene market?
Q.6 What are emerging trends in the polyphenylene market and the reasons behind them?
Q.7 What are some changing demands of customers in the polyphenylene market?
Q.8 What are the new developments in the polyphenylene market? Which companies are leading these developments?
Q.9 Who are the major players in the polyphenylene market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the polyphenylene market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the polyphenylene market?