Research Nester published a report titled “Polyphenylene Ether (PPE)Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global polyphenylene ether (PPE) market in terms of market segmentation by type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global polyphenylene ether (PPE)market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2022 – 2031.The market is segmented on the basis of application into air separation membranes, medical instruments, automotive parts, electronic components, fluid handling, and others.Out of these, the fluid handling segment is anticipated to hold a substantial share over the forecast period on account of increasing use of PPE to make high-temperature and radiation-resistant lubricants for use in jet engines.
The global polyphenylene ether (PPE)market is estimated to grow on the increasing application of PPE for making medical equipment. PPE is a thermoplastic polymer with high thermal and oxidative stability, which is why, it is used extensively to manufacture PPE kits, syringes, needles, and surgical blades. Moreover, the growing demand for medical equipment, due to the coronavirus pandemic is estimated to fuel the market growth. According to the data by the World Health Organization (WHO), an estimated 89 million medical masks, 76 million gloves, and 1.6 million goggles are required for the COVID-19 response each month.
On the basis of geographical analysis, the global polyphenylene ether (PPE) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the increasing presence of major automotive manufacturers, along with growth in the chemical sector and healthcare industry in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Demand for PPE Kits Globally to boost the Market Growth
PPE kits are required by the medical practitioners when dealing with a contagious pathogen. In case of coronavirus outbreak, there was a rapid surge in the demand for PPE kits, which affected theglobal polyphenylene ether (PPE) market positively. Moreover, PPE is chemical and heat resistant, which is further anticipated to boost the market growth.
However, high adoption of biodegradable material, and high investment required are expected to operate as key restraint to the growth of global polyphenylene ether (PPE) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global polyphenylene ether (PPE) market which includes company profiling ofKingfa Science & Technology Limited, Blue Star Ltd., Sumitomo Chemical Co., Ltd., Evonik Industries AG, ROMIRA GmbH,Mitsubishi Chemical Holdings Corporation, Asahi Kasei Chemicals Corporation, Toyochem Co., Ltd., Lonza Group AG, and SABIC Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global polyphenylene ether (PPE) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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