Polyphenylene Market to experience an impressive growth of 9.2% during 2020-2025
February 03, 2020
Polyphenylene Market is likely to witness an impressive CAGR of 9.2% during the forecast period. Increasing use of polyphenylene resins in the aerospace and automobile industries along with their application in filter bag manufacturing drives the market globally.
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Polyphenylene Market Segment Insights:
By Type:
Based on the type, the market is segmented as polyphenylene sulfide, polyphenylene oxide/polyphenylene ether, and others. The exceptional properties, such as thermal resistance, high flexibility, and chemical resistance make polyphenylene resins the favored choice of application for various end-use industries, owing to which this segment dominated the market in 2018, and is expected to remain dominant during the forecast period.
By Application Type:
Based on the application type, the market is segmented as composites, filter bag, engineering plastics, high-performance lubricants, and others. The engineering plastics segment is estimated to register the highest growth in the coming five years. This growth is attributed to the remarkable properties, such as high heat deflection, flame retardancy, and superb dimensional stability.
By End-Use Industry Type:
Based on the end-use industry type, the market is segmented as automotive, industrial, electrical & electronics, coatings, and others. The automotive segment is expected to have the highest growth during the forecast period.
By Region:
In terms of regions, Asia-Pacific is expected to be the fastest-growing market for polyphenylene in the coming five years. China and India are the growth engines of the region. The market is driven by the growing use of polyphenylene resins in various end-use industries, rising demand from the automotive, and electrical & electronics industries in the region. North America and Europe are also expected to offer sizeable growth opportunities in the coming five years.
Key Players:
Some of the polyphenylene resin manufacturers are Toray Industries, Solvay SA, Tosoh Corporation, DIC Corporation, Kureha Corporation, LG Chem Ltd., Celanese Corporation, Saudi Arabia Basic Industries Corporation (SABIC), and Lion Idemitsu Composites.
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- Emerging trends
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