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The polyphenylene market share is expected to increase by USD 1.47 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7%.
This polyphenylene market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers polyphenylene market segmentation by type (polyphenylene sulfide(PPS), polyphenylene ether/oxide(PPE/PPO), and polyphenylene vinylene (PPV)) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The polyphenylene market report also offers information on several market vendors, including Asahi Kasei Corp., Cancarb Ltd., Celanese Corp., Chevron Phillips Chemical Co. LLC, Daicel Corp., DIC Corp., Ensinger GmbH, Kureha Corp., LG Chem Ltd., Polyplastics Co. Ltd., RTP Co., Ryan Plastics Ltd., Solvay SA, Songhan Plastic Technology Co. Ltd., Teijin Ltd., Toray Industries Inc., Tosoh Corp., Zhejiang Xinhecheng Special Materials Co. Ltd., and Mitsubishi Chemical Corp. among others.
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The growing demand from aerospace and defense sector is notably driving the polyphenylene market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polyphenylene industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Polyphenylene Market Driver
One of the key factors driving growth in the polyphenylene market is the growing demand from aerospace and defense sector. The aerospace and defense end-user industry is the largest consumer of polyphenylene derivatives such as PPS composites. PPS composites have the lowest processing cost due to the low price of raw resin compared to PPE and polyimide (PI), which are used in the aerospace industry. Moreover, PPS is a high-performance thermoplastic, which is extremely strong, rigid, and tough. It offers inherent flame resistance and high heat resistance with continuous service at temperatures above 200 degree C (392 degree F). These composites also specifically meet various military specifications framed by the US military. They are also approved by several agencies to be used in circuit boards, sockets, plug-ins, electronic components, and defense airplanes. Thus, based on the aforementioned factors, in the aerospace and defense industry, the demand for polyphenylene derivatives will increase during the forecast period.
Key Polyphenylene Market Trend
The increasing demand from automotive and transportation segment is another factor supporting the polyphenylene market during the forecast period. Polyphenylene is processed into its derivatives, such as PPS, PPO, and PPE. Polyphenylene derivatives are preferred in electric auto parts that require high temperature stability. Polyphenylene derivatives become the ideal choice for automotive parts that are exposed to high temperatures. These can provide high strength while being light in weight. These are used in vehicle components, such as electrical connectors, ignition systems, lighting systems, fuel systems, hybrid vehicle inverter components, and pistons. The slowdown in automotive production and sales is likely to affect the market in the short term. However, the automotive industry is expected to recover in the coming years, along with the growing demand for hybrid vehicles in the automotive sector. This will ensure the demand for polyphenylene, thereby driving the market growth.
Key Polyphenylene Market Challenge
The volatility in raw material prices will be a major challenge for the polyphenylene market during the forecast period. Over the past few years, the use of certain types of halogenated flame retardant additives such as polyphenylene resins has come under intense scrutiny due to their toxicity, environmental persistence and bio-accumulation. There is an immediate need for the development of non-toxic alternative flame retardant materials and fire resistant polymers with comparable or better efficacies, obtained using benign synthetic approaches. Enzymatic polymerization is being used increasingly as an environmentally friendly alternative method for the synthesis of functional materials including polymers and additive. Thus, rising environmental concern from manufacturers is further demanding eco-friendly and halogen-free polyphenylene resin, which is hampering the polyphenylene ether market size growth.
This polyphenylene market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global polyphenylene market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the polyphenylene market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the polyphenylene market encompasses successful business strategies deployed by the key vendors. The polyphenylene market is fragmented and the vendors are deploying growth strategies such as focusing on launching new and innovative products, cost-effective production cycles, and technological developments to compete in the market.
Celanese Corp - The company offers Fortron polyphenylene sulfide that is a high-temperature semicrystalline polymer, that provides high thermal stability, very high chemical resistance, stiffness, strength and creep resistance.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The polyphenylene market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the polyphenylene market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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41% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for polyphenylene in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The established industrial base in the region will facilitate the polyphenylene market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The polyphenylene market share growth by the polyphenylene sulfide (PPS) segment will be significant during the forecast period. The polyphenylene sulfide market is expected to witness a significant growth rate during the forecast period. The factors that are driving the market growth include its wide application in the automotive industry, where the demand for lightweight and durable metal alternatives is increasing.
This report provides an accurate prediction of the contribution of all the segments to the growth of the polyphenylene market size and actionable market insights on post COVID-19 impact on each segment.
Polyphenylene Oxide market - Technavio's market research analysts predict that this market will generate a revenue of more than USD 1.9 billion by 2021.
Polyphenylene Sulfide market - The market share is anticipated to grow at a steady rate and post a CAGR of close to 10% during the forecast period.
Polyphenylene Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
Market growth 2022-2026 |
$ 1.47 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.0 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 41% |
Key consumer countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Asahi Kasei Corp., Cancarb Ltd., Celanese Corp., Chevron Phillips Chemical Co. LLC, Daicel Corp., DIC Corp., Ensinger GmbH, Kureha Corp., LG Chem Ltd., Polyplastics Co. Ltd., RTP Co., Ryan Plastics Ltd., Solvay SA, Songhan Plastic Technology Co. Ltd., Teijin Ltd., Toray Industries Inc., Tosoh Corp., Zhejiang Xinhecheng Special Materials Co. Ltd., and Mitsubishi Chemical Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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