Jan 30, 2019   SOURCE: BusinessWire

Global Polyphenylene Oxide (PPO) Resins Market Size & Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2026 - ResearchAndMarkets.com

The "Global Polyphenylene oxide (PPO) resins Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.

In term of value, the polyphenylene oxide (PPO) resins Market was valued at US$ 1,298.26 million in 2017 and the same is anticipated to reach US$ 1,879.84 million by 2026, expanding at a CAGR of 4.3% during the forecast period. Further, in terms of volume, the polyphenylene oxide (PPO) resins market accounted for more than 500 Thousand Tons in 2017.

Rising demand for PPO resins in the automotive & transportation and electrical & electronics industry are key factors driving demand for the market at present.

Sale of passenger vehicles expected to cross 80 million mark by the end of 2018. China and the U.S. considered as major markets for the same. The U.S. witnessed sale of more than 7 million passenger cars in 2016.

China is the world leader for aftermarket automotive components. China imported automotive components worth US$ 33 billion in 2015, while its exports accounted for more than US$ 8 billion in the same year.

China is a major market for automotive and electrical components, responsible for the production of low cost automotive and electrical parts. In the same year, mechanical & electrical parts account for the major chunk of the automotive component market in China, contributing to more than 85% of the revenue.

Market Dynamics

Drivers

  • Rising Demand for Automotive Components Fuelling Market Growth for Polyphenylene Oxide (PPO) Resins
  • Burgeoning Demand for Polyphenylene Oxide (PPO) Resins From the Electrical & Electronics Industry

Restraints

  • Fluctuations in Raw Material Prices Resulting in Market Slowdown

Opportunities

  • Packaging Industry in Developing Economies to Drive Demand for Polyphenylene Oxide (PPO) Resins in Coming Years

Topics Covered

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Market Dynamics

Chapter 4 Global Polyphenylene Oxide (PPO) Resins Market, by End-use Industry

Chapter 5 Global Polyphenylene Oxide (PPO) Resins Market, by Region

Chapter 6 Company Profiles

  • Asahi Kasei Chemicals Corporation
  • Saudi Basic Industries Corporation (SABIC)
  • Romira
  • Entec Polymers
  • Evonik Industries
  • Mitsubishi Chemical Corporation
  • RTP Company
  • Solvay
  • Ensinger
  • China National Bluestar (Group)

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