Key Drivers of Polyphenylene Ether (PPE) Market

Rise in demand for polyphenylene ether in the automobile industry is a significant factor projected to fuel the global polyphenylene ether (PPE) market during the forecast period is. Applications of PPE include computer screens, pump impellers, small appliance housings, instrument housing, and some automotive parts
Increase in usage of polyphenylene ether (PPE) in rubber applications is expected to boost the market. End-uses include automotive electrical applications, water pump impellers, solar heating systems, packaging, and circuit breakers. Rise in usage of PPE over steel in automobiles to reduce weight and enhance fuel efficiency is likely to create lucrative opportunities for the market.
Asia Pacific to Constitute Significant Share of Global Polyphenylene Ether (PPE) Market

In terms of region, the global polyphenylene ether (PPE) market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Asia Pacific dominated the global market in 2020. It is the major region of the global polyphenylene ether (PPE) market due to substantial investments in improvements in energy efficiency, eco-friendliness, and automation in the automotive industry in China, Japan, and India. Asia Pacific is expected to account for a leading share of the polyphenylene ether (PPE) market due to growth in urbanization and rise in spending power in the region.
Europe is also one of the key consumers of automotive parts. The market in Europe is likely to expand at a moderate pace, as polyphenylene ether (PPE) is significantly used in several applications in the region. Increase in number of manufacturers and rise in sales of automotive parts are also likely to boost the market in the region.
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COVID-19 impact on Polyphenylene Ether (PPE) Market

The COVID-19 outbreak is hampering the demand for polyphenylene ether (PPE) in many applications. Governments of many countries across the globe have enforced lockdown as a measure to curb the spread of the coronavirus. This has resulted in the slowdown and halt in manufacturing operations, restrictions on supply and transport, and infrastructure breakdown, thus adversely affecting the demand for polyphenylene ether (PPE).
Key players operating in the polyphenylene ether (PPE) market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these players are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of these materials.
The COVID-19 outbreak has directly affected the production and demand for polyphenylene ether. The industrial shutdown caused by the COVID 19 pandemic has created disruption in the supply chain. Disruption in supply of raw materials is projected to hamper full-scale operations of companies operating in the market.
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Competitive Landscape of Global Polyphenylene Ether (PPE) Market

Major players operating in the global polyphenylene ether (PPE) market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. The market is currently witnessing fierce competition among several leading players. Key players operating in the market include:

SABIC (GE)
Kingfa Science and Technology
Asahi Kasei Chemicals
Bluestar
Mitsubishi Chemicals
Evonik
Saudi Basic Industries Corporation
Sumitomo Chemical Company
RTP Company
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Restraints of Polyphenylene Ether (PPE) Market

Key restraining factor of the polyphenylene ether (PPE) market is the fluctuating price of raw materials. Availability of substitutes is also expected to challenge the market in the near future. The market is also negatively affected by high cost of polyphenylene ether (PPE) over its conventional counterparts.

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