The global polyphenylene ether alloy market is rising steadily over the years. The multiple characteristics of polyphenylene ether alloy suitable for high-value applications such as in automotive and medical industries is having a positive bearing on the global polyphenylene ether alloy market. Polyphenylene ether alloy displays characteristics such as low shrinkage, high temperature performance.
Some of the key factors driving the global polyphenylene ether alloy market are rising demand for reducing the weight of automotive components for fuel efficiency, regulations in place for controlling corrosion of industrial equipment, and demand for high performance cables in electrical and electronics. A report by Transparency Market Research forecasts the global polyphenylene ether alloy market to rise at a CAGR of 4.9% between 2016 and 2025. The market is expected to reach a valuation of US$1,951.2 mn by 2025, after it was evaluated at US$1,264.7 mn in 2016.
The global polyphenylene ether alloy market is studied based upon product type, end users, and geography. The segments of the market based upon product type are PPE/PS, PPE/PA, and PPE/PP, and others. PPE/PA is currently the leading segment in polyphenylene ether alloy market based on revenue. This is because PPE/PA alloy contains polyamide and thus display improved toughness and increased resistance to chemical and organic solvents.
The segments of PPE/PA and PPE/PP are expected to witness favorable growth in the coming years owing to the increasing demand for recycled plastic in electrical and electronics and demand for light weight components in automobiles. Others segment comprises blends such as polycarbonate, polybutyl terephthalate, and acrylonitrile butadiene styrene. Based upon end-use, the polyphenylene ether alloy market is segregated into automotive, electrical and electronics, industrial, and other applications. The automotive segment held a significant share of the market in 2016 followed by electrical and electronics segment.