Dublin, March 23, 2023 (GLOBE NEWSWIRE) -- The "Global Polyphenylene Ethers Market Outlook 2031" report has been added to ResearchAndMarkets.com's offering.
The global polyphenylene ether (PPE) market is likely to grow at a CAGR of 6.88% over the forecast period, i.e., 2022-2031. The market generated a revenue of around USD 1,600 Million at the end of 2021 and is likely to produce revenue worth of nearly USD 3,000 Million by the end of 2031.
Increasing demand and production of electric vehicles and other automobiles, followed by the growing production and export and import of medical devices, and the surge in use of electronic gadgets are some of the major factors anticipated to drive the growth of the market during the forecast period.
The global polyphenylene ether (PPE) market is segmented by application, and by type. On the basis of application, the market is further fragmented into air separation membranes, medical instruments, automotive parts, electronic components, fluid handling, and others. The automotive parts segment is anticipated to garner the highest revenue of nearly USD 1,000 million by the end of 2031.
The segment garnered a revenue of about USD 600 million in 2021. This growth is on the account of increasing demand for electric vehicles and other vehicles. The automotive parts segment is to grow at a CAGR of 7% over the forecast period.
On the basis of region, the global polyphenylene ether (PPE) market is analyzed by the markets of North America, Europe, Latin America, Asia-Pacific and Middle-East and Africa. The market in the Asia Pacific collected the highest revenue of about USD 600 million in 2021.
By the end of 2031, it is estimated to garner a revenue of around USD 1,000 million, by growing at the CAGR of over 7% over the forecast period. Factors such as increased investment in medical devices, need to curb the carbon emission and increasing demand for electric and hybrid vehicle is expected to boost the market growth in the region.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning.
Some of the prominent industry leaders included in the report
- Sumitomo Chemical Co. Ltd.
- Tokai Rika Create Corporation
- Ensinger Inc.
- Guangzhou Engineering Plastics Industries Co. Ltd.
- Asahi Kasei Corp.
- ROMIRA GmbH
- RTP Company
- Kingfa Science & Technology Limited
- Mitsubishi Chemical Corporation
- SABIC
Key Topics Covered:
1. Global Polyphenylene Ether (PPE) Market Definition
1.1. Market Definition
1.2. Market Segmentation
2. Assumptions and Acronyms
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
4. Executive Summary - Global Polyphenylene Ether (PPE) Market
5. Market Dynamics
5.1. Market Drivers
5.2. Market Trends
6. Key Market Opportunities
7. Major Roadblocks for the Market Growth
8. Regulatory and Standards Landscape
9. Value Chain Analysis
10. COVID Impact Analysis
11. Competitive Positioning
12. Competitive Landscape
12.1. Market Share Analysis, 2021
12.2. Competitive Benchmarking
12.3. Company Profile
12.3.1. SABIC
12.3.2. Mitsubishi Chemical Corporation
12.3.3. Kingfa Science & Technology Limited
12.3.4. RTP Company
12.3.5. ROMIRA GmbH
12.3.6. Asahi Kasei Corp.
12.3.7. Guangzhou Engineering Plastics Industries Co., Ltd
12.3.8. Ensinger Inc.
12.3.9. Tokai Rika Create Corporation
12.3.10. Sumitomo Chemical Co. Ltd.
13. Global Polyphenylene Ether (PPE) Market, 2021-2031
13.1. Market Overview
13.2. By Value (USD Million)
14. Global Polyphenylene Ether (PPE) Market - Segmentation Analysis, 2021-2031
14.1. Type
14.1.1. PPO Resin, 2021-2031F (USD million)
14.1.2. Modified Polyphenylene Oxide (MPPO), 2021-2031F (USD million)
14.2. Application
14.2.1. Air Separation Membranes, 2021-2031F (USD million)
14.2.2. Medical Instruments, 2021-2031F (USD million)
14.2.3. Automotive Parts, 2021-2031F (USD million)
14.2.4. Electronic Components, 2021-2031F (USD million)
14.2.5. Fluid Handling, 2021-2031F (USD million)
14.2.6. Others, 2021-2031F (USD million)
14.3. Region
14.3.1. North America, 2021-2031F (USD million)
14.3.2. Europe, 2021-2031F (USD million)
14.3.3. Asia Pacific, 2021-2031F (USD million)
14.3.4. Latin America, 2021-2031F (USD million)
14.3.5. Middle East & Africa, 2021-2031F (USD million)
For more information about this report visit https://www.researchandmarkets.com/r/9lj5o3
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
