According to a new report, published by KBV research, The Global Polyphenylene Oxide Market size is expected to reach $2.45 billion by 2031, rising at a market growth of 5.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 951.39 kilo tonnes, experiencing a growth of 26.3% (2020-2023).
The global surge in infrastructure development, including smart cities, high-speed rail, and modern utilities, drives polyphenylene oxide (PPO) demand due to its durability, chemical resistance, and thermal stability. PPO is extensively used in electrical systems for smart cities, such as junction boxes and circuit board housings, ensuring reliable power and data transmission. In high-speed rail projects, it enhances safety and efficiency in cable insulations and signaling system housings, while its corrosion resistance makes it ideal for piping systems in modern utilities like municipal water distribution. Supported by large-scale initiatives like the Belt and Road Initiative and NextGenerationEU, PPO's versatile properties enable the creation of resilient, efficient, and sustainable infrastructure worldwide.
The Automotive (Structural Parts) segment exhibits a CAGR of 5.7% during (2024 - 2031). The automotive segment benefits from the rising demand for lightweight, durable, and heat-resistant materials to improve fuel efficiency and reduce vehicle emissions. Due to its strength and thermal stability, PPO is extensively used in structural components such as instrument panels, air intake manifolds, and under-the-hood parts. The increasing emphasis on electric vehicles (EVs) and hybrid vehicles, which require advanced materials to meet their unique design and performance requirements, drives growth in this segment.
Full Report: https://www.kbvresearch.com/polyphenylene-oxide-market/
The Asia Pacific region dominated the Global Polyphenylene Oxide Market by Region in 2023; thereby, achieving a market value of $1.09 billion by 2031. The Europe region is registering a CAGR of 5.4% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 5.7% during (2024 - 2031).
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)