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Polyphenylene Ether (PPE) Market size is anticipated to cross USD 3977 Million by the end of 2035, growing at a CAGR of 7% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of polyphenylene ether (PPE) was over USD 1766 Million. The growth of the market can be attributed to the increasing demand and production of electric vehicles and other automobiles. Polyphenylene ether is lightweight and provides tremendous strength, therefore making it one of the best options for building automobile parts, such as electrical connectors, lightning systems, hybrid car inverters, ignition systems, and others. Worldwide sales for electric vehicles increased by almost double to 7 million as compared to 2020, bringing the total number of electric vehicles on the road to 17 million in 2021.
In addition to these, factors that are believed to fuel the market growth of polyphenylene ether include the growing production and export and import of medical devices to boost the growth of the polyphenylene ether market. Polyphenylene ether polymers are known to be safely implanted in the body and securely absorbed, metabolized, and eliminated without the patient experiencing any negative side effects. By 2025, India and Russia want to increase their bilateral trade to USD 30 billion for boosting various sectors. There is potential in medicines and medical devices, minerals, steel, and chemicals, and trade is anticipated to rise by an additional USD 5 billion per year.
Growth Drivers
The polymer polyphenylene ether (PPE), has exceptional mechanical, dimensional, and heat-resistant qualities which makes it essential in the production of mobile phones and other electronic gadgets.
Nearly 15 billion mobile devices were in use worldwide in 2021, up from slightly over 14 billion the year before. By 2025, there is expected to be 18 billion mobile devices worldwide, an increase of 4 billion from the amount in 2020.
In 2021, around 67 million cars were sold globally, up from 64 million in 2020. In the automotive sector, polyphenylene ether alloys have a very broad application. They are suitable for use in electrical components owing to their fire resistance, low water absorption, and elastomeric properties.
A variety of thermoplastic materials, including glass mat thermoplastics and advanced thermoplastic composites, are produced when polyphenylene ether is blended with polyamide or polypropylene. The rate of property ownership in the five European nations ranged from 42% in Switzerland to 95% in Romania in 2021.
Polyphenylene ether (PPE) has various properties such as heat resistance and chemical inertness. Therefore, it is highly used in surgical blades, needles, syringes, parts of medical devices, and others. During the pandemic, the need for medical devices has surged. The people critically ill by COVID every 1 out of 4 require a ventilator to help them survive. Furthermore, over 6 billion people have received COVID-19 vaccination all around the world in 2020.
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~7% |
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Base Year Market Size (2022) |
~ USD 1766 Million |
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Forecast Year Market Size (2035) |
~ USD 3977 Million |
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Regional Scope |
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Application (Air Separation Membranes, Medical Instruments, Automotive Parts, Electronic Components, Fluid Handling)
The global PPE market is segmented and analyzed for demand and supply by application into air separation membranes, medical instruments, automotive parts, electronic components, fluid handling, and others. Out of all applications, the automotive parts segment is anticipated to hold the largest market size during the forecast period. The growth of the segment can be attributed to the rising demand for automobiles and electric or hybrid vehicles, followed by the alarming increase in carbon emissions from the vehicles. According to the World Economic Forum, by 2040, around 2 billion cars are likely to be added to the world. Moreover, around 16% of man-made CO2 emissions worldwide are related to the transportation sector and the emission is majorly attributed to cars and trucks. The increasing automobile purchases with the growing disposable income of people across the world is likely to propel the market segment growth.
Type {PPO Resin, Modified Polyphenylene Oxide (MPPO)}
The global polyphenylene ether (PPE) market is also segmented and analyzed for demand and supply by type into PPO resin, and modified polyphenylene oxide (MPPO). Amongst the two segments, the modified polyphenylene oxide (MPPO) segment is expected to garner significant market revenue by growing at a CAGR of 7% over the forecast period. Modified polyphenylene oxide (MPPO) is a material made up of a combination of PPO and polystyrene. These materials have a variety of mechanical and physical properties, such as heat & chemical resistance, low moisture absorption levels, and good electrical properties. Therefore, the segment growth of attributed to the rising demand for electrical devices and household appliances. Further, according to the reports, worldwide more than USD 500 billion was spent on electronics by consumers in 2022. In the U.S. alone, more than 510 million units of small household appliances were sold in 2020 as per the estimations. Our in-depth analysis of the global polyphenylene ether (PPE) market includes the following segments:
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Application |
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APAC Market Statistics
The market share of polyphenylene ether (PPE) in Asia Pacific, amongst the market in all the other regions, is projected to be the largest with a share of about ~37% by the end of 2035. The growth of the market can be attributed majorly to the higher production of automobiles in the region. Polyphenylene ether is highly used in automobiles in its battery pack, sandwich composite cores, shock absorbers, and others. In China, around 20 million units of vehicles were produced in 2021. Moreover, according to the International Trade Administration, around USD 12,000 million worth of medical devices were produced in India in 2021. The growing number of industries and escalating urbanization around the region is estimated to fuel the market growth. The growing adoption of electronic devices in daily life such as laptops, smartphones, and power banks is estimated to hike the growth of the market. The rising manufacturing units of automobiles across the region especially in Thailand and Singapore are anticipated to drive the growth of the market. The increasing preference for the adoption of energy-efficient vehicles is likely to contribute to the growth of the market.
North American Market Forecast
The North American polyphenylene ether (PPE) market is estimated to be the second largest, registering a share of about ~25% by the end of 2035. The growth of the market can be attributed majorly to the increasing utilization of lightweight, hybrid, and electric vehicles in this region. The growing applications in the aerospace industry are also expected to provide lucrative growth opportunities during the forecast period. Increasing penetration of the internet and adoption of digitalization is anticipated to propel the market growth. Growing applications of PPE in computer screens, small appliance housings, automotive composites, and pump impellers are fueling the market growth in the region. The increasing usage in end-user sectors such as healthcare, aerospace, and solar energy is anticipated to contribute to the growth of the market in the coming years. The rising preference of people for eco-friendly and energy-efficient products is expected to rise the demand in the market during the forecast period. The growing acquisitions and new product launches with various advanced applications are propelling the market growth.
Europe Market Forecast
Further, the polyphenylene ether market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the increasing hike in the automotive industry. The increasing preference for highly efficient and lightweight vehicles to reduce carbon emissions is also estimated to fuel the market growth as per the market analysis. The increasing investment in the healthcare sector for improving medical devices and infrastructure facilities is estimated to drive market growth. The expansion of key players in the automobile industries of the region is expected to have a positive impact on the growth of the market. The increasing use of electronics and electrical devices in households and the growing IT sector are also anticipated to propel market growth. The increasing spending capacity of people owing to the increasing economic standards in the region is driving market growth. The growing manufacturers in the region with the high investment are also likely to boost the polyphenylene ether market growth.
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Ensinger Inc. announced the acquirement of the StyLight thermoplastic composite line from INEOS Styrolution. Owing to SAN–based products, it opens the possibilities of carbon, glass, and natural (flax) fibers for decorative materials, semi-structural applications, and over-molding for Ensinger.
Asahi Kasei Corp. Singapore’s division received the prestigious ISCC PLUS1 international certification for its polyphenylene ether (PPE) as a sustainable product.
Author Credits: Smruti Ranjan, Rajrani Baghel
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