Polyphenylene Market Size
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyphenylene Market Analysis
The global polyphenylene market is likely to grow with a CAGR of over 5%, during the forecast period.
The market was negatively impacted by COVID-19 in 2020. However, the market has recovered significantly in 2021, owing to rising consumption from various end-user industries such as electrical and electronics, transportation, and others.
- Over the short term, the factors driving the growth of the studied market include growing usage in the electrical and electronics industry and increasing demand for hybrid electric vehicles.
- On the flip side, the availability of substitute and the high cost associated with polyphenylene over other conventional materials are key factors limiting the growth of the market studied.
- Nevertheless, emerging applications of polyphenylene in 5G circuit board is a key factor expected to act as a lucrative opportunity for the studied market.
- Asia-Pacific is expected to dominate the market, with the largest consumption from China, Japan, South Korea, and India.
Polyphenylene Market Trends
This section covers the major market trends shaping the Polyphenylene Market according to our research experts:
Increasing Demand from Automotive and Transportation Segment
- Polyphenylene is processed into its derivatives, like polyphenylene sulfide (PPS), polyphenylene oxide (PPO), and polyphenylene ether (PPE). Polyphenylene derivatives are preferred in electric auto parts that require higher temperature stability.
- In recent years, PPS successfully replaced metal, aromatic nylons, phenolic polymers, and bulk molding compounds in a wide variety of engineered vehicle components.
- Polyphenylene derivatives become the ideal choice for automotive parts that are exposed to high temperatures. These can provide high strength while being light in weight. These are used in vehicle components, like electrical connectors, ignition systems, lighting systems, fuel systems, hybrid vehicle inverter components, and piston
- According to the Organisation Internationaledes Constructeurs d'Automobiles(OICA), in 2021, around 80.15 million vehicles were produced across the globe, witnessing a growth rate of 3% compared to ~77.71 million vehicles in 2020, thereby, enhancing the demand for polyphenylene derivatives, which are employed for various automotive parts.
- In Asia-Pacific, China, and India are the major producers of vehicles. According to OICA, China has the largest automotive production base in the world, with a total vehicle production of 26.08 million units in 2021, registering an increase of 3% compared to 25.23 million units produced last year.
- Further, in Europe, in 2021, France produced 13,51,308 vehicles, which increased by 3%, compared to 13,16,371 vehicles produced in 2020, thereby, increasing the demand for the studied market. Moreover, in 2021, Italy’s automotive production increased by 2% over 2020 and reached 7,95,856 vehicles.
- In addition to this, in North America, the United States also has one of the largest automotive industries globally. According to OICA, the automotive production in 2021 accounted for 91,67,214 units, an increase of 4% in comparison to the production in 2020, which was reported to be 88,22,399 units.
- Moreover, in Brazil, according to the AssociaçãoNacional dos Fabricantes de Veículos Automotores, electric and hybrid motor vehicle registrations accounted for 34,990 units in 2021, compared to 19,745 units in 2020.
- All aforementioned factors are likely to significantly enhance the demand for polyphenylene in the automotive and transportation segment, and thus will propel the growth of the market studied.
Asia-Pacific to Dominate the Market
- Asia-Pacific represents the largest market for polyphenylene. In countries, like China, Japan, South Korea, and India, the demand for polyphenylene has been increasing due to the established industrial base in the region.
- Asia-Pacific is also expected to be the fastest-growing market during the forecast period, with increasing demand from industries, like automotive and transportation, and electrical and electronics.
- In the Asia-Pacific region, the governments have adopted favorable policies toward the adoption of electric vehicles and the expansion of manufacturing infrastructure for electric vehicles. This, in turn, is anticipated to provide a huge impetus to the electric vehicle market in the region, during the forecast period.
- Increasing standards of living in Asian countries have also led to increased awareness among the people of the use of electric and hybrid vehicles. Also, the growing automotive industry in the region is likely to enhance the demand for polyphenylene in the countries of the region. For instance,
- In China, the electric vehicle (battery electric vehicle (BEVs) and plug-in hybrid electric vehicle(PHEVs) sales in 2021 accounted for 3,396 thousand units, witnessing a growth of 155% compared to 1,331 thousand units, in 2020.
- In India, in 2021, according to OICA, automotive production in the country stood at 4.4 million units, registering an increase of 30% compared to 3.38 million units produced in the same period last year. The government’s reforms, such as “Aatma Nirbhar Bharat” and “Make in India” programs are likely to boost the automotive industry in the coming years.
- The Asia-Pacific region is also the dominant producer of electrical and electronics across the world, with countries, such as China, Japan, South Korea, and Malaysia, contributing toward it. India is also emerging as a manufacturing hub for electronic products in Asia. This established industry is expected to attract demand for polyphenylene and its derivatives from the region. For instance,
- The electrical and electronics industry in Japan is one of the world’s leading industries. According to the Japan Electronics and Information Technology Industries Association (JEITA) – December 2021 release, the production by the global electronics and IT industry was estimated at USD 3,360.2 billion in 2021, registering a growth rate of 11% year on year, compared to USD 3,033.7 billion in 2020. Moreover, the industry is expected to reach USD 3,536.6 billion, with a growth rate of 5% year on year, by 2022.
- According to India Brand Equity Foundation, the Indian electronics manufacturing industry is expected to reach USD 520 billion by 2025. Additionally, India is expected to become the fifth-largest consumer electronics and appliances industry in the world by 2025. Moreover, in India, technology transitions, such as the Internet of Things ( IoT), are driving the adoption of electronics products. Initiatives such as ‘Digital India’ and ‘Smart City’ projects have raised the demand for IoT in the country.
- Some of the major companies operating in the Asia-Pacific region are DIC Corporation and Kureha Corporation.
- Thus, rising demand from the aforementioned end-user industries is expected to drive growth in the Asia-Pacific region.
Polyphenylene Industry Overview
The polyphenylene market is partially consolidated with the presence of both international and domestic players. The major companies (not in particular order) include Ensinger, Solvay SA, SABIC, Celanese Corporation, and DIC Corporation.
Polyphenylene Market Leaders
Solvay SA
SABIC
Ensinger
DIC Corporation
Celanese Corporation
*Disclaimer: Major Players sorted in no particular order
Polyphenylene Market News
- In April 2022, DIC Corporation resolved to revise its sales prices for DIC PPS polyphenylene sulfide (PPS) products. The company has started to apply higher sales prices for the products shipped after April 2022.
- In November 2021, Solvay SA and 9T Labs AG collaborated on the development of CF-reinforced polyphenylene sulfide (CF/PPS) composite and other materials for various end-use applications in aerospace, automation, and other industries.
Polyphenylene Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Usage in Electrical and Electronics Industry
4.1.2 Increasing Demand from Hybrid Electric Vehicles
4.2 Restraints
4.2.1 Availability of Substitute
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Supplier
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Polyphenylene Sulfide
5.1.2 Polyphenylene Oxide
5.1.3 Polyphenylene Ether
5.2 End-user Industry
5.2.1 Electrical and Electronics
5.2.2 Automotive and Transportation
5.2.3 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Mexico
5.3.2.3 Canada
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies adopted by Leading Players
6.4 Company Profiles
6.4.1 Biesterfeld AG
6.4.2 Celanese Corporation
6.4.3 Chevron Philips Chemical Company
6.4.4 DIC Corporation
6.4.5 Emco Industrial Plastics
6.4.6 Ensinger
6.4.7 Initz (JV of SK Chemicals and Teijin)
6.4.8 Kureha Corporation
6.4.9 LG Chem
6.4.10 Lyondellbasell
6.4.11 Mitsubishi Chemical Advanced Materials
6.4.12 Nagase America LLC
6.4.13 Polyone Corporation
6.4.14 RTP Company
6.4.15 SABIC
6.4.16 Saint Gobain Performance Plastics
6.4.17 Solvay
6.4.18 Sumitomo Bakelite Co. Ltd
6.4.19 Toray Industries Inc.
6.4.20 Tosoh Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Applications in 5G Circuit Board
Polyphenylene Industry Segmentation
Polyphenylene is mostly used for industrial applications in producing different molded components as they have high-temperature resistivity. Polyphenylene consumption is dominated by the automotive industry. The polyphenylene market is segmented by type, end-user industry, and geography. By type, the market is segmented into polyphenylene sulfide, polyphenylene oxide, and polyphenylene ether. By end-user industry, the market is segmented into the electrical and electronics, automotive and transportation, and other end-user industries. The report also covers the market size and forecasts for the polyphenylene market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
| Type | |
| Polyphenylene Sulfide | |
| Polyphenylene Oxide | |
| Polyphenylene Ether |
| End-user Industry | |
| Electrical and Electronics | |
| Automotive and Transportation | |
| Other End-user Industries |
| Geography | |||||||
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Polyphenylene Market Research FAQs
What is the current Polyphenylene Market size?
The Polyphenylene Market is projected to register a CAGR of greater than 5% during the forecast period (2023-2028).
Who are the key players in Polyphenylene Market?
Solvay SA, SABIC, Ensinger, DIC Corporation and Celanese Corporation are the major companies operating in the Polyphenylene Market.
Which is the fastest growing region in Polyphenylene Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Polyphenylene Market?
In 2023, the Asia Pacific accounts for the largest market share in the Polyphenylene Market.
Polyphenylene Industry Report
Statistics for the 2023 Polyphenylene market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Polyphenylene analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
