Polyphenylene Ether (PPE) Alloy Market Size

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.

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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.