Global Polyphenylene Oxide Industry to 2027 - Market Trajectory & Analytics - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 30, 2021--
The “Polyphenylene Oxide - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Polyphenylene Oxide estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027.
Automotive and Transportation, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$510 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electronic Components segment is readjusted to a revised 4.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $432.1 Million, While China is Forecast to Grow at 6.6% CAGR
The Polyphenylene Oxide market in the U.S. is estimated at US$432.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$431.8 Million by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.
Domestic Appliances Segment to Record 3.1% CAGR
In the global Domestic Appliances segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$167 Million in the year 2020 will reach a projected size of US$200.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$291.7 Million by the year 2027, while Latin America will expand at a 3.9% CAGR through the analysis period.
Select Competitors (Total 44 Featured):
- Asahi Kasei Plastics North America, Inc.
- BASF SE
- China National BlueStar (Group) Co., Ltd.
- Evonik Industries AG
- Kingfa Sci. & Tech. Co., Ltd.
- LyondellBasell Industries NV
- Mitsubishi Chemical Corporation
- Momentive Performance Materials, Inc.
- Polyplastics Co., Ltd.
- SABIC (Saudi Basic Industries Corporation)
- Solvay SA
- Sumitomo Chemical Co., Ltd.
- Toray Industries, Inc.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/r2g8gz
View source version on businesswire.com:https://www.businesswire.com/news/home/20211230005212/en/
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 12/30/2021 10:47 AM/DISC: 12/30/2021 10:47 AM