1. Executive Summary

2. Research Scope and Methodology

• 2.1 Aim & Objective of the study
• 2.2 Market Definition
• 2.3 Study Information
• 2.4 General Study Assumptions
• 2.5 Research Phases

3. Market Analysis

• 3.1 Introduction
• 3.2 Market Dynamics
  • 3.2.1 Drivers
  • 3.2.2 Restraints
• 3.3 Market Trends & Developments
• 3.4 Market Opportunities
• 3.5 Regulatory Policies
• 3.6 Analysis of Covid-19 Impact

4. Industry Analysis

• 4.1 Supply Chain Analysis
• 4.2 Porter’s Five Forces Analysis
  • 4.2.1 Competition in the Industry
  • 4.2.2 Potential of New Entrants into the Industry
  • 4.2.3 Bargaining Power of Suppliers
  • 4.2.4 Bargaining Power of Consumers
  • 4.2.5 Threat of substitute products

5. Market Segmentation & Forecast

• 5.1 By Type
• 5.1.1Polyphenylene Oxide (PPO)Resin
  • 5.1.2 Modified Polyphenylene Oxide(MPPO)
  • 5.1.3 Others
• 5.2 By End-user Industry
• 5.2.1 Automobiles

6. Regional Market Analysis

• 6.1 North America
  • 6.1.1 United States
  • 6.1.2 Canada
  • 6.1.3 Mexico
• 6.2 Europe
  • 6.2.1 Germany
  • 6.2.2 United Kingdom
  • 6.2.3 Italy
  • 6.2.4 France
  • 6.2.5 Rest of Europe
• 6.3 Asia-Pacific
  • 6.3.1 China
  • 6.3.2 India
  • 6.3.3 Japan
  • 6.3.4 South Korea
  • 6.3.5 Rest of Asia-Pacific
• 6.4 South America
  • 6.4.1 Brazil
  • 6.4.2 Argentina
  • 6.4.3 Rest of South America
• 6.5 Middle East & Africa
  • 6.5.1 South Africa
  • 6.5.2 Saudi Arabia
  • 6.5.3 Rest of Middle East & Africa

7. Key Company Profiles

• 7.1

Asahi Kasei Plastics North America, Inc.

• 7.2

Celanese Corporation

• 7.3

BASF SE

• 7.4

Dristupol

• 7.5

China National BlueStar (Group) Co., Ltd.

• 7.6

Evonik Industries AG

• 7.7

Kingfa Sci. & Tech. Co., Ltd.

• 7.8

Kureha Extron Co., Ltd.

• 7.8

Mitsubishi Chemical Corporation

• 7.10 SK Chemicals
• 7.11 Chengdu Letian Plastics Limited Company
• 7.12 Lumena New Materials
• 7.13 RTP Company
• 7.14 Idemitsu Lion Composites Co.,Ltd.
• 7.15 SABIC
• 7.16 LyondellBasell Industries N.V.
• 7.17 Momentive Performance Materials, Inc
• 7.18 Polyplastics Co., Ltd.

* List of companies is not exhaustive

8. Competitive Landscape

• 8.1 List of Notable Players in the Market
• 8.2 M&A, JV, and Agreements
• 8.3 Market Share Analysis
• 8.4 Strategies of Key Players

9. Conclusions and Recommendations

Polyphenylene Oxide, or PPO, is a crystalline thermoplastic that is tough, stiff, and has a high glasstransition temperature and high melt point, it is resistant to both acids and bases. According to BlueQuark Research & Consulting, the global Polyphenylene Oxide market is expected to witness a significant growth rate during the forecasted period. Factors such as the increasing use of durable, cost-effective, and lightweight metal alternatives in automobiles to increase the fuel economy are expected to drive the global Polyphenylene Oxide market. Further, due to its heat resistance properties, Polyphenylene Oxide is used in the electronics industry, which is expected to drive the market. Furthermore, the use of Polyphenylene Oxide in Consumer Goods such as washing machines, dish-washers, and other home appliances is expected to drive the global market. Using PPO to make Air separation membranes for generating nitrogen to make fertilizers is also projected to drive the market further. However, stringent government regulations, the presence of substitutes, and fluctuating raw material costs are expected to hinder the global market growth.

Polyphenylene Oxide is used to manufacture automotive components like instrument panels, internal trim, headlights, wheel covers, fuse boxes, speaker grilles, mirror cases, and others like connectors, home appliances, etc. PPO is also used in end-use industries like electronics, and consumer goods, among others.

The Automobile industry is the prime consumer of Polyphenylene Oxide and is projected to drive the global Polyphenylene Oxide market. Knowledge of the relationship between vehicle weight and fuel economy has resulted in automobile makers shifting to cost-effective and lightweight metal alternatives to increase the fuel economy of the vehicles, which has further resulted in the market's growth. According to Toyota , a leading automobile manufacturer, its total global sales for May 2021 were 904,670 units, a 48.4% year-on-year increase. The recent boom in sales of Electric Vehicles is also projected to drive the global Polyethylene Oxide market. Since Polyphenylene Oxide is an engineering material used in parts that require precision both externally and internally in an automobile, its applications are not limited and almost identical in both electric and conventional automobiles, thus making it essential even for the emerging electric vehicle market. Further, according to IBEF, the automobile production in India increased at 2.36% CAGR between FY16-20, with 26.36 million vehicles being manufactured in the country in FY20, with nearly 21.55 million vehicles being sold. Therefore the use of Polyphenylene Oxide in the automobile industry is expected to grow and drive the overall market in the future.

Some of the market's key players are Asahi Kasei Plastics North America, Inc., Celanese Corporation , BASF SE , Mitsubishi Chemical Corporation , SABIC , LyondellBasell Industries N.V. , among others.

The Asia Pacific region is expected to be the leader in Polyphenylene Oxide production, with most of the consumption in emerging economies such as China and India. Polyphenylene Oxide has a vast scope of application in the automotive industry, which has resulted in a surge of demand from countries such as India, China, and Japan. China is the most extensive base for automobile production globally, as reported by the China Association of Automobile Manufacturers, according to which vehicle sales in China are expected to hit 27 million in 2021, up 6.7 percent year-on-year. Thus, with thousands of automobiles manufactured daily, China satisfies its domestic need and caters to the international need for vehicles. Apart from the automobile industry, China, Japan, and South Korea are some of the largest electronics manufacturers, which have Polyphenylene Oxide as one of the components, thus the surging demand for Polyphenylene Oxide in the region as seen by the quarter 1 2021 report of smartphone maker Huawei, which saw revenues of USD 23.5 Billion. Further, there is a massive market in the region for various consumer goods and home appliances since 60% of the world's population lives there. Furthermore, since Polyphenylene Oxide is used to make Air Separation membranes for the easy and cost-effective production of Nitrogen, which is further used in fertilizers, the demand for PPO in the region is expected to grow rapidly. Factors like these have made the Asia Pacific region an essential scope for the global Polyphenylene Oxide market.

In May 2021, Materials and Design Solutions (MDS) acquired APS Plastics, Texas, to add to its range of products.

In July 2020, Daicel acquired a stake of Celanese Corporation in Polyplastics for USD 1.575 Billion.

In May 2019, Royal DSM acquired the engineering plastics division of SRF Ltd for USD 44 million in India to expand its business.

Global Polyphenylene Oxide Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Polyphenylene Oxide market by segmenting based on the Type (PPO Resin, MPPO, Others), End-User Industry (Automobile, Electronics, Consumer Goods, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trend, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.