SAN FRANCISCO, July 29, 2015 /PRNewswire/ --
The Global Polyphenylene Oxide (PPO) Market is expected to reach USD 1.98 billion by 2022, according to a new study by Grand View Research, Inc. Growth of global electronics industry is expected to remain a key driving factor for PPO market growth over the next seven years. PPO alloyed with nylon or high impact polystyrene (HIPS) to produce economical blends commercially known as modified polyphenylene oxide or modified-polyphenylene ether (m-PPO/m-PPE). Increasing demand from automotive industry for structural appliances coupled with growth in domestic appliances industry is also expected to positively impact the global market. Volatile raw material prices are expected to pose challenges for industry participants over the forecast period.
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Browse full research report with TOC on "Polyphenylene Oxide (PPO) Market Analysis By Application (Air Separation Membranes, Medical Instruments, Domestic Appliances, Automotive, Electric Components, Fluid Handling) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/polyphenylene-oxide-ppo-market
Electronic components emerged as the leading application segment and accounted for 31.6% of total market volume in 2014. Electronic components such as bobbins, deflection yoke and TV output transformer are expected to witness an increase in PPO consumption owing to properties such as excellent insulation and low moisture absorption. Domestic appliances are projected to grow steadily at an estimated CAGR of 4.1% from 2015 to 2022.
Further key findings from the study suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
For the purpose of this study, Grand View Research has segmented the Polyphenylene Oxide Market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: http://www.grandviewresearch.com
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