Polyphenylene Ether Market Size

Polyphenylene Ether (PPE) Market size was over USD 1.76 Billion in 2023 and is projected to exceed USD 4.36 Billion by the end of 2036, witnessing over 7.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of polyphenylene ether is evaluated at USD 1.88 Billion.. The growth of the market can be attributed to the increasing demand and production of electric vehicles and other automobiles. Polyphenylene ether is lightweight and provides tremendous strength, therefore making it one of the best options for building automobile parts, such as electrical connectors, lightning systems, hybrid car inverters, ignition systems, and others. Worldwide sales for electric vehicles increased by almost double to 7 million as compared to 2020, bringing the total number of electric vehicles on the road to 17 million in 2021.

In addition to these, factors that are believed to fuel the market growth of polyphenylene ether include the growing production and export and import of medical devices to boost the growth of the polyphenylene ether market. Polyphenylene ether polymers are known to be safely implanted in the body and securely absorbed, metabolized, and eliminated without the patient experiencing any negative side effects. By 2025, India and Russia want to increase their bilateral trade to USD 30 billion for boosting various sectors. There is potential in medicines and medical devices, minerals, steel, and chemicals, and trade is anticipated to rise by an additional USD 5 billion per year.