The global polyphenylene ether alloy market is all set to expand at a CAGR of 4.9% between 2016 and 2025. Growing at this pace, the market is expected to attain a value of US$1,951.2 mn by 2025 from a valuation of US$1,264.7 mn in 2016.
Albany, NY -- (SBWIRE) -- 08/25/2017 -- In recent years, the global market for polyphenylene ether alloy has gained significant momentum. The various features of polyphenylene ether alloy suitable for major applications such as in automotive and medical industries are having a progressive attitude on the global polyphenylene ether alloy market. To explore the current as well as its future growth prospects, a study titled "Polyphenylene Ether Alloy (PPE) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025" has been broadcasted to the wide repository of Market Research Reports Search Engine (MRRSE). This report also estimates and forecasts the polyphenylene ether alloy market on the global, regional, and country levels.
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As per the analysts' predictions, the global polyphenylene ether alloy market is all set to expand at a CAGR of 4.9% between 2016 and 2025. Growing at this pace, the market is expected to attain a value of US$1,951.2 mn by 2025 from a valuation of US$1,264.7 mn in 2016. A prominent trend observed in the alloy market is joint ventures between market participants and searches for PPE capacity expansion.
Polyphenylene ether alloy is an engineering thermoplastic widely active in automotive, electrical & electronic, and industrial applications. They keep various characteristic features such as high insulation, high dielectric properties and dimension stability; it also possesses low shrinkage and high-temperature performance properties. One more important characteristic of PPE is that it is recyclable and are environment-friendly in nature.
The first part of the study begins with an executive summary along with comprehensive market overview, market dynamics, key findings on the basis of product type, end-user and regions. Additionally, the report contains Porter's Five Forces Model to determine the degree of competition in the polyphenylene ether alloy market. Regional division includes the current and forecast demand for polyphenylene ether alloy in Latin America, North America, Europe, Asia Pacific, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for end-user and product type segments. In terms of geography, North America held the top share in the global polyphenylene ether alloy market in 2015 followed by Europe volume-wise. The trend is expected to continue as well over the forecast period.
The product type segments of the market considered in this report are PPE/PS, PPE/PA, PPE/PP, and others. Of these, the segment of PPE/PA is anticipated to display notable growth. The study further analyzes that the demand for high-performance cables in electrical and electronics is significantly boosting the polyphenylene ether alloy market. The prime reason behind this is that polyphenylene ether alloy displays excellent dimensional stability and low creep performance at higher temperatures, which make them suitable for circuits, wires, cables and plugs. Apart from that, rising demand for reducing the weight of automotive components for fuel efficiency is a projecting driver for the market growth.
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Significant players profiled in the report are Saudi Basic Industries Corporation, Mitsubishi Engineering-plastics Corporation, Asahi Kasei Chemicals Corporation and Sumitomo Chemical Company. Company profiling also includes attributes such as company overview, financial overview, products and services portfolio, major recent developments and key strategies within the report.
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