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The polyphenylene market size is forecast to increase by USD 1.29 billion, at a CAGR of 6.2% between 2023 and 2028. The market is witnessing significant growth due to several driving factors. One of the primary growth factors is the increasing demand from the aerospace and defense sector, where polyphenylene resins are used for their excellent thermal stability and high strength properties. Another key driver is the growing demand from the automotive and transportation sector, where the use of polyphenylene resins in the production of lightweight and fuel-efficient vehicles is on the rise. Additionally, there is a rising demand for eco-friendly and halogen-free polyphenylene resins, which are gaining popularity due to their reduced environmental impact and improved safety characteristics. These trends are expected to continue driving the growth of the market in the coming years.
Polyphenylene is a high-performance chemical compound known for its exceptional properties, including chemical inertness, heat resistance, and electrical insulating properties. These attributes make polyphenylene an ideal choice for various industries, particularly in electronics and aerospace. In the electronics sector, polyphenylene's lightweight nature and high thermal and chemical resistance contribute to improved fuel economy and reduced pollution requirements. In the aerospace industry, polyphenylene's high-performance characteristics are crucial for manufacturing lightweight, durable components. Polyphenylene sulfide (PPS), a polyphenylene derivative, is widely used as engineering plastics in these applications due to its excellent thermal and chemical resistance, flexibility, and flame retardancy. Polyphenylene's electrical insulating properties are also valuable in renewable energy sources, such as solar panels and wind turbines, as well as in electric vehicles. Additionally, polyphenylene and its derivatives, such as polyphenylene oxide, are used in high-performance lubricants and filter bag applications. The market is expected to grow significantly due to the increasing demand for lightweight, high-performance materials in transportation, including hybrid electric vehicles and 5G circuit boards.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The polyphenylene sulfide (PPS) systems segment is estimated to witness significant growth during the forecast period. Polyphenylene is a high-performance chemical compound known for its exceptional heat resistance, chemical inertness, and thermal stability. These properties make it an ideal choice for various industries, including electronics, aerospace, and transportation. In the electronics sector, polyphenylene sulfide (PPS), a type of polyphenylene composite, is widely used due to its electrical insulating properties and flame retardancy. In the aerospace industry, polyphenylene's lightweight nature and high-temperature applications make it a preferred material.
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The polyphenylene sulfide (PPS) systems segment was the largest and was valued at USD 1.99 billion in 2018. The automotive sector also benefits from polyphenylene's properties, contributing to fuel economy and meeting pollution requirements in hybrid electric vehicles and 5G circuit boards. Polyphenylene and its derivatives, such as polyphenylene oxide (PPO) and polyphenylene ether (PPE), are used in engineering plastics and high-performance lubricants. These materials offer flexibility, thermal resistance, chemical resistance, and electrical properties. Polyphenylene's applications extend to consumer goods, including filter bags, and renewable energy sources, such as electric vehicles. Its versatility and unique properties make it a valuable asset in various industries, driving the growth of the polyphenylene market.
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APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Polyphenylene is a high-performance material recognized for its chemical inertness and heat resistance, making it an ideal choice for various industries, including electronics and aerospace. This lightweight material offers significant advantages in fuel economy and pollution requirements, as it contributes to reducing the overall weight of vehicles and minimizing emissions. Polyphenylene sulfide (PPS), a type of polyphenylene composite, is extensively used in high-temperature applications, such as filter bags and engineering plastics.
PPS and other polyphenylene derivatives, like polyphenylene oxide (PPO) and polyphenylene ether (PPE), exhibit excellent thermal stability, chemical resistance, flexibility, electrical properties, and flame retardancy. These materials are crucial in high-performance industries, such as transportation, particularly in the manufacturing of hybrid electric vehicles and 5G circuit boards. Moreover, polyphenylene's electrical insulating properties make it a valuable resource in renewable energy sources and electric vehicles. Its unique characteristics enable 3D printing applications, expanding its versatility in various industries. The market continues to grow, driven by the increasing demand for high-performance materials in consumer electronics, consumer goods, and high-temperature applications.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand from aerospace and defense sector is notably driving market growth. Polyphenylene derivatives, specifically PPS composites, have gained significant traction in various industries, with the electric vehicle market emerging as a notable consumer. Battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) incorporate these engineered components due to their superior electrical properties and minimal water absorption. Compared to other high-performance thermoplastics like PPE and polyimide, PPS composites offer a lower processing cost due to the relatively low price of raw resin.
PPS is a high-performance thermoplastic, renowned for its strength, rigidity, and toughness. It boasts inherent flame resistance and high heat resistance, enabling continuous service at temperatures above 205°C (439°F). Furthermore, PPS exhibits excellent oxidation and chemical resistance, making it an ideal choice for electric auto parts. Its electrical properties, minimal water absorption, and low creep contribute to its widespread use in the electric vehicle market. Thus, such factors are driving the growth of the market during the forecast period.
Increasing demand from automotive and transportation sector is the key trend in the market. Polyphenylene and its derivatives, including Polyphenylene Sulfide (PPS), Polyphenylene Oxide (PPO), and Poly(phenylene ether) (PPE), have gained significant attention in the electric vehicle market due to their superior properties. These materials are processed from polyphenylene and are extensively used in engineered vehicle components, particularly in electric auto parts. The high temperature stability of polyphenylene derivatives makes them an ideal choice for electric vehicle market components, such as battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs).
In recent years, PPS has effectively replaced traditional materials like metal, aromatic nylons, phenolic polymers, and bulk molding compounds in various engineered vehicle components. The automotive industry values polyphenylene derivatives for their high strength and lightweight properties, making them suitable for components exposed to high temperatures. Some of the applications include electrical connectors, ignition systems, lighting systems, fuel systems, hybrid vehicle inverter components, and pistons. Despite the automotive market experiencing a downturn, with vehicle sales dropping from 90.42 million units in 2019 to 77 million units in 2020, the demand for polyphenylene derivatives in electric vehicle components continues to grow. Thus, such trends will shape the growth of the market during the forecast period
Demand for eco-friendly and halogen-free polyphenylene resin is the major challenge that affects the growth of the market. The electric vehicle market, specifically battery electric vehicles (BEVs), hybrid vehicle and plug-in hybrid electric vehicles (PHEVs), is witnessing significant growth due to increasing environmental consciousness and stringent emission norms. In response, there is a rising demand for engineered vehicle components and electric auto parts that are eco-friendly and free of harmful additives. Polyphenylene resins, which have been widely used as flame-retardant additives in vehicle components, have faced scrutiny due to their toxicity, environmental persistence, and bioaccumulation.
As a result, there is an urgent need for the development of non-toxic alternative flame-retardant materials and fire-resistant polymers. Enzymatic polymerization, a green and benign synthetic approach, is being employed to produce functional materials, including polymers and additives, that offer comparable or superior efficacies to polyphenylene resins. This environmental concern is expected to hamper the growth of the market during the forecast period Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Asahi Kasei Corp. - The company offers XYRON that is an engineering plastic with unique properties, created by alloy combinations of PPE with other resins such as polystyrene, polyamide, polypropylene, polyphenylene sulfide or other polymeric materials.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the unique properties of polyphenylene-based materials, including chemical inertness, heat resistance, and electrical insulating properties. These high-performance materials are increasingly being used in various industries such as electronics, aerospace, and transportation. In the electronics industry, polyphenylene sulfide (PPS) or polyphenylene (PP) and its derivatives, such as polyphenylene oxide (PPO) and polyphenylene ether (PPE), are utilized in high-temperature applications and as engineering plastics. The aerospace industry benefits from the lightweight and high-temperature properties of polyphenylene composites, contributing to fuel economy and pollution requirements.
In the automotive sector, polyphenylene-based materials are used in high-performance lubricants and filter bag applications. The growing demand for electric vehicles and renewable energy sources is also driving the market for polyphenylene-based materials due to their excellent thermal stability, chemical resistance, and electrical properties. Furthermore, the consumer electronics industry is adopting polyphenylene-based materials for their flexibility, flame retardancy, and heat deflection properties, particularly in the production of 5G circuit boards. Polyphenylene derivatives are also used in various industrial applications, including high-performance lubricants and high-temperature applications in transportation, such as hybrid electric vehicles.
Market Scope |
|
Report Coverage |
Details |
Page number |
145 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.2% |
Market growth 2024-2028 |
USD 1.29 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.7 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 42% |
Key countries |
US, China, Germany, Japan, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Asahi Kasei Corp., Cancarb Ltd., Celanese Corp., Chevron Phillips Chemical Co. LLC, Daicel Corp., DIC Corp., Ensinger, Kureha Corp., LG Chem Ltd., Mitsubishi Chemical Corp., Polyplastics Co. Ltd., RTP Co., Ryan Plastics Ltd., Solvay SA, Shanghai Songhan Plastic Technology Co. Ltd., Teijin Ltd., Toray Industries Inc., Tosoh Corp., and Zhejiang Xinhecheng Special Materials Co. Ltd. |
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 market forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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