July 28, 2021
As cited by the research report titled ‘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’, available with Market Study Report, global polyphenylene ether (PPE) alloy market is projected to expand significantly over 2021-2027.
Growing use of product in automotive and construction sectors is primarily driving the global polyphenylene ether (PPE) alloy market growth. These alloys offer benefits like hydraulic and dimensional stability, low mold shrinkage, high impact strength, corrosion resistance, and light weight, hence backing their usage by automakers to reducing vehicle weight.
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Notably, polyphenylene ether (PPE) alloys have witnessed increased adoption in place of the traditional materials like metals in several applications. These plastic raw materials can provide a combination of various functions along with a less complicated assembly process.
On the downside, price variability makes these alloys expensive than the conventional materials, which is likely to restrain the market progression over the forecast duration.
Based on product type, worldwide polyphenylene ether (PPE) alloy industry is segmented into PPE/PS, PPE/PP, and PPE/PA among others. The other products in the market are polyphenylene sulfide (PPS) and polymeric materials. These products have perfect balance of strength, excellent chemical resistance, high conductivity, flame retardance, and heat resistance.
Speaking of the application ambit, the marketplace is categorized into automotive, construction, electrical & electronics, and industrial including others.
The report cites that Latin America is likely to contribute greatly to the overall industry share in the forthcoming years. The regional market, mainly led by Mexico and Brazil, is poised to witness a rise in urban population, paving way for large scale residential construction projects and growing vehicle sales, thereby bolstering the demand for PPE alloy.
Meanwhile, polyphenylene ether (PPE) alloy market in Middle East & Africa is anticipated to record momentous growth over the forecast timeline, owing to increasing awareness about the efficient energy usage by the product, and expanding construction sector in the region. Large-scale manufacturing projects in Saudi Arabia and the UAE, along with increasing environmental awareness fueling the electric vehicle demand are likely to augment market outlook over the analysis period.
Prominent players influencing the industry trends are Ashley Polymers Inc., Romira GmbH, Nylene Inc., Samyang Corporation, Kumho Petrochemical Co. Ltd., Lubrizol Advance Materials Inc., Asahi Kasei Corporation, Mitsubishi Engineering-Plastics Corp., LG Chem Ltd., Saudi Basic Industries Corporation (SABIC), and LyondellBasell Industries N.V.