Polyphenylene Ether (PPE) Alloy Market Size By Product (PPE/PS, PPE/PA, PPE/PP), By Application (Automotive, Electrical & Electronics, Construction, Industrial), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Polyphenylene Ether Alloy Market Size

Polyphenylene Ether Alloy Market size was USD 1.3 billion in 2020 and is estimated to exhibit a CAGR of over 5.7% from 2021 to 2027. The increasing demand for PPE/PS is expected to fuel the overall industry growth in the coming years.
 

Polyphenylene ethers are a special class of material, which consists of phenolic monomers through an ether linkage and can be utilized to produce a variety of homopolymers and copolymers. These materials have unique characteristics including outstanding thermal stability in elevated temperature, minimum water absorption, and effective mechanical & dielectric properties over a broad range of frequencies.
 

The rapidly growing polyphenylene ether (PPE) alloy market from automotive accounted for over 46% share in the overall product demand in 2020 and is forecast to grow at the highest CAGR of 5.8% until 2027. Vehicle manufacturers are focusing on vehicle weight reduction to increase mileage owing to which lightweight materials are used in vehicles. Due to the low density of PPE alloys, they are lightweight.
 

Furthermore, their properties, such as high heat resistance, low mold shrinkage, dimensional & hydraulic stability, and high impact strength, make them the preferred material in the automotive industry. Increasing automotive production across the globe, especially in Asia Pacific, is projected to drive product demand. According to OICA, the global car production in 2011 was 59,897,273 units and in 2017 it reached 73,456,531 units. This healthy growth in automotive production is likely to have a positive impact on the PPE alloy market value.
 

Impact of COVID-19 pandemic 

The COVID-19 pandemic has led to a high loss of human life across the globe and the required preventive measures are severely impacting global economic activities. The world is now witnessing a massive contagion growth, i.e., the number of infected individuals is rising from 100 to 10,000 in a matter of a few days.
 

The Polyphenylene Ether (PPE) alloy market share is one of the highly affected industries due to lockdowns. Nationwide lockdowns in major economies have affected the raw material production of polystyrene, polyamide, and polypropylene. Furthermore, according to the World Bank, in 2020, the global economy contracted by 5.2%, which will result in job losses and economic slowdown. Owing to the market decline, product demand in end-user industries, such as automotive, electrical & electronics, construction, etc., also contracted in 2020.
 

Polyphenylene Ether Alloy Market Analysis

PPE/PA demand is expected to reach USD 507.6 million by 2027 at a CAGR of 5.6%. This healthy growth can be attributed to the increasing product demand from the electrical & electronics industry. PPE/PA is highly used in the electrical & electronics industry owing to its properties such as excellent heat resistance, low-water absorption against PA, high impact strength, and high oil/chemical resistance. Smart electronic devices, such as laptops, smartwatches, etc., are driving the need for quality materials, which will facilitate high-end service and technology.
 

Thermoplastics are applied to reduce the risk of fire after extensive use. For light fittings, insulation of switches and handles is preferred, especially in housing and personal care products such as hair dryers, food mixtures, and electric razors. A modern household needs lightweight, portable, and high-performance products, which can be easily lifted. For instance, polyphenylene ether alloys are used in wire cables and appliances.

The polyphenylene ether alloy market revenue from construction sector is expected to reach USD 147.1 million by 2027 owing to economic development across the globe. Lightweight, flexible, hardness and recycling properties create a wide scope for polyphenylene ether alloy materials in the construction industry. Polyphenylene ether blends with polyamide or polypropylene creating various thermoplastic materials, which are divided into two basic types, i.e., glass mat thermoplastics and advanced thermoplastics composites.
 

Glass mat reinforced thermoplastic sheets are used in fire-resistive shields, laminators, and in many large structural components. Advanced thermoplastic composites can be applied in construction panels, concrete rebars, lightweight structural & insulating panels, storage tanks, and window panels. Due to their fire-resistive capacity, thermoplastics can be as floor mats along with fire-retardant chairs and benches for external use.

Asia Pacific is the fastest-growing market and accounted for over 45% share in 2020. Growth of this region is attributed to the significant demand for polyphenylene ether alloys from the automotive industry in countries such as India and China. Polyphenylene ether alloys have a huge scope in the automotive industry. They can be used in electrical components, such as junction boxes and connectors in engine compartments, due to their fire resistivity, low water absorption, and elastomeric characteristics. China has registered the highest sales of electric vehicles in 2020, significantly contributing to the market share.
 

Injection-molded plastics are economical than metal components, fueling investments for the development of electric and hybrid vehicles. Furthermore, countries including Japan, Malaysia, Singapore, Taiwan, and South Korea are projected to grow in the polyphenylene ether alloy market owing to the vast labor force, potential consumers, and technological advancements, thus considerable investments are expected in electric vehicle production over the projected period.
 

Polyphenylene Ether Alloy Market Share

Major PPE alloy producers are trying to increase their customer base by establishing joint ventures. For instance, in February 2017, Asahi Kasei completed a JV agreement with China National Bluestar, a subsidiary of China National Chemical Corp. (ChemChina), for the production and sale of XYRON, a modified Polyphenylene Ether (mPPE), in China. This JV will help Asahi Kasei to increase its customer base in China. Other major companies in the market are

• Mitsubishi Engineering-Plastics Corp
• LyondellBasell
• Lubrizol Advanced Materials, Inc.
• LG Chem
• SABIC
• Nylene
• ROMIRA GmbH
• Ashley Polymers
• Samyang Corporation
• Kumho Petrochemical
   

The polyphenylene ether (PPE) alloy market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2017 to 2027 for the following segments:

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By Product

• PPE/PS
• PPE/PA
• PPE/PP
• Others

By Application

• Automotive
• Electrical & Electronics
• Construction
• Industrial
• Others

The above information is provided on a regional and country basis for the following:

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE