Polyphenylene Ether Market Share

APAC Market Statistics

Asia Pacific industry is anticipated to hold largest revenue share of 37% by 2037. The growth of the market can be attributed majorly to the higher production of automobiles in the region. Polyphenylene ether is highly used in automobiles in its battery pack, sandwich composite cores, shock absorbers, and others.  In China, around 20 million units of vehicles were produced in 2021. Moreover, according to the International Trade Administration, around USD 12,000 million worth of medical devices were produced in India in 2021. The growing number of industries and escalating urbanization around the region is estimated to fuel the market growth. The growing adoption of electronic devices in daily life such as laptops, smartphones, and power banks is estimated to hike the growth of the market. The rising manufacturing units of automobiles across the region especially in Thailand and Singapore are anticipated to drive the growth of the market. The increasing preference for the adoption of energy-efficient vehicles is likely to contribute to the growth of the market.

North American Market Forecast

The North American polyphenylene ether (PPE) market is estimated to be the second largest, registering a share of about 25% by the end of 2037. The growth of the market can be attributed majorly to the increasing utilization of lightweight, hybrid, and electric vehicles in this region. The growing applications in the aerospace industry are also expected to provide lucrative growth opportunities during the forecast period. Increasing penetration of the internet and adoption of digitalization is anticipated to propel the market growth. Growing applications of PPE in computer screens, small appliance housings, automotive composites, and pump impellers are fueling the market growth in the region. The increasing usage in end-user sectors such as healthcare, aerospace, and solar energy is anticipated to contribute to the growth of the market in the coming years. The rising preference of people for eco-friendly and energy-efficient products is expected to rise the demand in the market during the forecast period. The growing acquisitions and new product launches with various advanced applications are propelling the market growth.

Europe Market Forecast

Further, the polyphenylene ether market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the increasing hike in the automotive industry. The increasing preference for highly efficient and lightweight vehicles to reduce carbon emissions is also estimated to fuel the market growth as per the market analysis. The increasing investment in the healthcare sector for improving medical devices and infrastructure facilities is estimated to drive market growth. The expansion of key players in the automobile industries of the region is expected to have a positive impact on the growth of the market. The increasing use of electronics and electrical devices in households and the growing IT sector are also anticipated to propel market growth. The increasing spending capacity of people owing to the increasing economic standards in the region is driving market growth. The growing manufacturers in the region with the high investment are also likely to boost the polyphenylene ether market growth.