Polyphenylene Sulfide Market Size Worth $2.14 Billion By 2025

The global polyphenylene sulfide market size is expected to reach USD 2.14 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to witness a CAGR of 8.8% during the forecast period. Several characteristics including high creep resistance, stiffness and strength, excellent temperature properties, and good chemical resistance are the key factors driving the PPS market growth.

The consumption of in automotive industries is projected to exhibit a significant growth owing to rising application in carburetor parts, exhaust gas return valves, flow control valves intended for heating systems, and ignition plates. PPS is also utilized in industrial applications including grills, hair dryer parts, cooking appliances, as well as serializable laboratory, dental, and medical equipment. This factor is anticipated to spur the product demand over the next few years.

Asia Pacific is anticipated to showcase substantial growth in light of rising living standard and increasing industrialization especially in China and India. Moreover, rising automotive, oil and gas, paints and coatings, and medical sectors will fuel expansion of the PPS market over the next seven years.

Growing demand for electrical and electronics components, including brush holders, motor housing, coil formers, connectors, terminal blocks, and thermostats and switch components in emerging economies including India, China, Malaysia, and Indonesia owing to rising disposable income of consumers is expected to propel polyphenylene sulfide market growth.

Rising consumption in coating applications owing to the high heat resistance, chemical resistance, and excellent electrical properties of polyphenylene sulfide will augment the demand. Also, high consumption in non-stick cookware, food processing, and chemical processing equipment will stimulate product penetration over the next few years.

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https://www.grandviewresearch.com/industry-analysis/polyphenylene-sulfide-pps-industry

Further key findings from the report suggest:

In terms of revenue, electronics and electrical application is projected to ascend at a CAGR of 8.8% over the forecast years
Automotive application led the global PPS market with a volume share of over 31.8% in 2018
Industrial, constituting a revenue share of 24.5% in 2018, is projected to exhibit a high growth in the next few years
Asia Pacific led the global Polyphenylene Sulfide (PPS) market in 2018 with 62.1% volume share. This trend is projected to continue over the next few years
Growing aviation industry on account of increasing government investments in aerospace mainly in India, South Korea, Singapore, and Malaysia is further expected to propel the demand from aerospace market
The market is highly competitive in nature. The main players include DIC, Toray Industries, Tosoh Corporation, SK Chemicals, Daicel Corporation, SABIC, Teijin Ltd. and RTP Company
Various manufacturers are concentrating on new product launches, capacity expansions, and technological innovations to estimate existing and future demand patterns from upcoming application segments.

Australia Abrasives Market Worth $509.7 Million By 2027

The Australia abrasives market size is anticipated to reach $509.7 Million by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 2.2% in terms of revenue, during the forecast period. The increasing utilization of abrasives for the high-quality surface finish in automotive and oil and gas are expected to propel market growth.

Abrasives are used in automotive, transportation, electronics, and manufacturing industries to smoothen surfaces during component manufacturing, to shape materials through grinding, to remove surface layers of paint or corrosion, to cut hard materials made of steel or concrete, and to polish finished products.

Super abrasives segment is expected to register the fastest CAGR across the forecast period on account of its super properties. It offers longer product life and machine downtime, shorter cycle times, thereby reducing machining costs for customers. Its high cost is one of the restraints in its demand; however, its performance is much better than others especially for hard surfaces.

The oil and gas industry is one of the end-users of the product. Surface finish is an important factor that ensures an appropriate barrier coating to oil and gas materials to protect from corrosion and reduce maintenance costs. The use of appropriate abrasive ensures the desired surface finish on large metal structures used in oil and gas exploration. Australia’s oil and gas extraction industry’s GVA was AUD 31.4 billion in 2018.

The oil and gas industry is witnessing growth in Australia, which is expected to propel the demand for abrasives. For example, in June 2020, Saunders International won the contract of $12 million for upgrading and mechanical refurbishment of two tanks of BP, which are located in Queensland. Post this the company shall work for BP in the Bulwer Full Fuel project for which it will refurbish three tanks and two piping projects.

Automotive is the major end-use segment for abrasives in the country. The rise in vehicle registrations in the country indicates increasing demand for cars, thereby, the potential growth for the automotive aftermarket. The motor vehicle registrations increased from 2019 to 2020 in all Australian states except for Northern Territory. Tasmania witnessed the highest number of registrations, an increase of 2.6% as of January 2020 from 2019.

Abrasives are largely used in the aftermarket by mechanics and repair shops. Although, on account of the COVID-19 pandemic, 83% of automotive service and repair workshops have reported a decrease in revenue, according to a survey by the Australian Aftermarket Association. The sector is one of the largest employers in the country with over 150 thousand people and 23 thousand small businesses and a decline in its revenue shall have major implications on economic growth.

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https://www.grandviewresearch.com/industry-analysis/australia-abrasives-market

Further key findings from the report suggest:

Super abrasives expected to witness the highest growth rate of 2.8%, in terms of volume, over the forecast period owing to its superior properties over other product types in surface finishing
Bonded constituted the largest revenue share of over 60.0% in 2019. High preference for the product over coated and super abrasives in automotive and construction industries on account of its properties and less cost
Automotive anticipated registering growth rate of 2.0% in terms of revenue across the forecast period, which is attributable to the auto service and repair shops in the country
Segments including machinery, metal fabrication, and E&E equipment expected to witness a high CAGR in terms of revenue, owing to the use of super abrasives in their applications
The manufacturing sector is a minor contributor to the GDP of the country, which is further hit hard on account of the COVID-19 pandemic. As a result, the demand for abrasives in the manufacturing sector of Australia is expected to remain low

3D Printing Materials Market Worth $3.8 Billion By 2025

The global 3D printing materials market size is expected to reach USD 3.8 billion by 2025, growing at a CAGR of 23.9%, according to a new report by Grand View Research, Inc. Extensive R&D and technological advancements in 3D printing technologies is expected to fuel the market growth over the forecast period.

Expansion of various industries including automotive, aerospace and defense, medical, and others across the globe is projected to benefit the market growth. In addition, rising demand for 3D printing materials such as photopolymers, metals, thermoplastics, and ceramics owing to its superior strength and durability is estimated to drive the industry growth.

The demand for low cost mass manufacturing to reduce lead time and to enhance the quality and efficiency of the resultant product has emerged as the primary reason for growing popularity of the technology across all industries. In addition, factors such as low component weight and the ability to print cheaper equipment on demand and in less time is expected to drive the market.

3D printing materials are expected to witness strong growth owing to the widespread applications including consumer, aerospace and defense, healthcare, and industrial. Growing number of efforts and investments in the Asia-Pacific market owing to the presence of developing economies such as China, India, and Indonesia is expected to create a favorable scenario for the market growth.

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https://www.grandviewresearch.com/industry-analysis/3d-printing-materials-market

Further key findings from the report suggest:

The photopolymer segment accounted for the largest market share of 38.1% in terms of revenue in 2018, as it provides high resolution and can be used to print most complex models
The aerospace and defense application segment is anticipated to witness a CAGR of 25.3% from 2019 to 2025 owing to factors such as enhanced manufacturing process and reduced lead time as compared the traditional process
The Asia Pacific market is estimated to exhibit a CAGR of 28.6% from 2019 to 2025 on account of rapid expansion of industries including automotive and consumer products coupled with increased spending power
China is anticipated to witness a CAGR of 25.8% from 2019 to 2025 owing to the expansion of the industrial sector coupled with rapid adoption of 3D printing technology
3D printing materials Market participants across the globe have increased their R&D spending in order to develop highly efficient products for various applications.

Electric Vehicle Supply Equipment Market Worth $104.3 Billion By 2025

The global electric vehicle supply equipment market size is expected to reach USD 104.3 billion by 2025, registering a CAGR of 33.1% from 2019 to 2025, according to a new report by Grand View Research, Inc. The market is driven by development of charging equipment and infrastructure at various highway and destination locations such as hotels, shopping malls, and national parks. Growing demand for electric vehicle charging equipment is prompting manufacturers of charging equipment to innovate and launch new products. For instance, in 2017 Qualcomm Incorporated designed and built a wireless Dynamic Electric Vehicle Charger (DEVC) system capable of charging an electric vehicle (EV) dynamically at up to 20 kW at highway speeds (100 km/h).

Growing adoption of EVSE among logistics operators and FMCG manufacturers such as FedEx and Frito-Lay North America, Inc. is expected to drive demand over the forecast period. Frito-Lay North America, Inc. has installed charging stations at the Bronx, Albany, Rochester, Buffalo, and New Paltz. Moreover, various government agencies are providing funding to logistics companies for development of fleet charging stations. Besides this, increasing adoption of electric cars for shared electric mobility and development of autonomous electric cars is expected to drive the demand for EVSE for fleet charging.

Falling prices of lithium-ion batteries are expected to provide ample opportunities to electric vehicle manufacturers and in turn, drive the demand for EVSE. For instance, in March 2018, United Parcel Service (UPS) increased the number of electric vehicles in its fleet in London from 65 to 170 under the ‘Onsite Energy Storage Batteries’ initiative. The move is supported by a smart-grid charging technology developed under the ‘Smart Electric Urban Logistics (SEUL)’ project in partnership with Cross River Partnership and UK Power Networks. UPS envisages reducing its delivery costs and carbon emissions associated with its fleet of vehicles. These initiatives are expected to drive the demand for EVSE over the next few years.

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https://www.grandviewresearch.com/industry-analysis/electric-vehicle-supply-equipment-market

Further key findings from the report suggest:

The DC power segment is anticipated to register the fastest growth over the forecast period as a result of ongoing investments by governments in countries such as U.S., Germany, and France for the development of sustainable electric highways
The EV charging kiosk segment is expected to exhibit a high CAGR over the forecast period as a result of technological developments such as Near-Field Communication (NFC) and Radio Frequency Identification (RFID) for digital payments at EV charging stations
The super charging segment is expected grow significantly over the forecast period owing to rising emphasis of governments on setting up charging stations for e-buses
The destination charging application segment is expected to expand at a rapid pace over the coming years as a result of growing focus of automotive manufacturers for the development of electric vehicle charging stations at hotels, shopping malls, and resorts
Key players in market are AeroVironment Inc.; ABB Ltd.; ChargePoint, Inc.; ClipperCreek, Inc.; Chargemaster PLC; Eaton Corporation; Leviton Manufacturing Co., Inc.; Leviton Manufacturing Co., Inc.; Leviton Manufacturing Co., Inc.; and Siemens.

U.S. Lubricants Market Worth $24.50 Billion By 2027

The U.S. lubricants market size is projected to reach USD 24.50 billion by 2027, expanding at a CAGR of 3.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for industrial lubricants in U.S. is anticipated to boost the market growth over the forecast period.

Rapid industrialization in the country led to higher consumption of oils in the industrial sector. Lubricants are widely used across various manufacturing industries, including metal forming, mining, paper & mill, construction, agriculture, food & beverages, energy, plastics, and others. Growth of the manufacturing industry has a direct impact on the demand for the lubricants. Increasing focus on the development of domestic manufacturing sector is likely to positively affect the demand for lubricants in the country. Other factors facilitating the lubricant consumption include focus on productive and cost-effective manufacturing techniques, increased mergers & acquisitions, and reshoring of factories.

Inflow of foreign investments in the marketspace, coupled with availability of several skilled labors with high adaptivity to technological interfacing, is driving the manufacturing sector in U.S. Rapid growth of the niche manufacturing sectors, like 3D printing, is also a key force behind constant demand for lubricants used in the printing machines. Moreover, as of 2017, in U.S., the major industrial machinery utilization was observed in the construction and agriculture industries, followed by the mining and food processing industries.

Furthermore, in terms of automotive industry movement, downsizing liter engine segment vehicles to reduce vehicle weight and enhance fuel efficiency is considered to be yet another key factor boosting the sales of passenger cars in U.S. With the rise in sales of automobiles in U.S., the projected consumption of lubricants in the manufacturing and maintenance of vehicles in the country is also expected to rise in the coming years.

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https://www.grandviewresearch.com/industry-analysis/us-lubricants-market

Further key findings from the study suggest:

The automotive application segment held the largest share of 57.73% in U.S. in 2019 due to high demand for vehicle maintenance. Engine oils held the largest share in 2019 and transmission fluids are anticipated to witness the fastest growth over the forecast period
The aerospace sector is projected to expand at the fastest CAGR of 4.0% in terms of volume due to increased shipping demand for U.S. produced civil space systems, general aviation aircrafts, and commercial aircrafts
In the industrial application segment, industrial engine oil is projected to register the highest CAGR of 3.2% from 2020 to 2027 due to high demand for the product to enhance machinery life by reducing wear and tear of engine components
Key players in U.S. lubricants market such as Total S.A., ExxonMobil, British Petroleum, and Royal Dutch Shell have integrated operations across the value chain.

Aircraft MRO Market Size Worth $104.46 Billion By 2025

The global aircraft MRO market size is expected to reach USD 104.46 billion by 2025, registering a CAGR of 4.7% during the forecast period, according to a new report by Grand View Research, Inc. The growing influx of aircraft OEMs into the MRO sector traditionally dominated by specialized maintenance providers has opened up new avenues for the market growth.

As per the International Air Transport Association (IATA), MRO activities contribute to about 15% of the total operating cost of the airlines. The OEMs as well as specialized MRO providers are making significant investments in new technologies to enhance their service quality and operational efficiency. Profitability of aviation industry hinges on the maintenance of old fleet rather than the sale of new aircraft, which has elevated the importance of the aircraft MRO market.

The service providers in the market constitute of separate department of airline operators or independent MRO providers. These service providers are transforming into full-service suppliers and their role is expected to become a one stop-shop to cater to all of the airline’s MRO needs. For instance, Lufthansa Technik have advanced technical capabilities and have succeeded in selling power-by-the-hour contracts.

In North America, independent MRO providers offer lucrative opportunities for experienced and skilled workers and attractive pay packages to address the growing demand for maintenance activities. For instance, mechanics and avionics technicians lead the laborers’ demand, followed by electrical and software engineers. In 2018, the region witnessed a steep rise in outsourcing for MRO spending.

France-based Airbus S.A.S.-one of the most prominent aircraft manufacturers-is developing its Air+ program, which offers the opportunity to MRO providers of collaborating with other players to seek the best services and to develop customized MRO solutions. The company is also keen on setting MRO service centers in Asia Pacific countries such as India within a partnership mode.

Since February 2019, AFI KLM E&M have been deploying mobile climbing robots in its line maintenance operations. The company is looking forward to integrate climbing robots with Donecle drones for aircraft inspections, used since 2016.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/aircraft-mro-market

Further key findings from the report suggest:

Aircraft and engine manufacturers such as Rolls-Royce and Boeing are putting additional focus on aircraft maintenance business and offering total care solutions
The opportunities for independent MRO providers are expected to remain buoyant as airlines are expected to continue outsourcing maintenance work for them to focus on their core business, although OEMs are gradually foraying into the MRO space considering the profitability involved
Electronic systems are swiftly replacing the mechanical systems. Increasing complexity of the electronic systems is expected to create demand for the skilled workforce for aftermarket service and repair activities

Mini LED Market Size Worth $5.9 Billion By 2025

The global mini LED market size is expected to reach USD 5.9 billion by 2025, at a CAGR of 86.6% over the forecast period, according to a new report by Grand View Research, Inc. Amidst rapid development of Organic Light-Emitting Diodes (OLEDs), mini LEDs have gradually forayed into the industry to bridge the application and technology gap between micro LEDs, which have not been able to overcome their inherent technical hurdles, and traditional LEDs. They are being integrated into backlight modules owing to their increased color gamut and brightness level, lower response time, and improved contrast ratio.

Increasing demand for miniaturized display in consumer electronics devices is expected to positively impact industry growth over the next few years. Mini light-emitting diodes are expected to aid chip makers in gaining market share and technology penetration. Chip sizes ranging from 100 to 200 µm were commercialized in late 2018. Consumer electronics, digital signage, and industrial displays have been the early adopters of this technology. High dynamic range and power-saving capability are some of the features that make them a suitable backlight solution for next-generation displays. Key players are expected to cash in on this opportunity by providing mini LED packages.

Currently, the applications are limited to backlighting in televisions and laptops. These light-emitting diodes have the potential to alter LCDs by decreasing the performance gap with OLED displays. Miniature LEDs are expected to grow beyond these applications in the automotive, smartphone, and digital signage segments. They are suitable for curved display and notch design, and thus in the coming years, are expected to become mainstream smartphones.

Asia Pacific is one of the prominent manufacturing hubs as there are numerous China- and Taiwan-based companies involved in the development and mass production of mini light-emitting diodes. As manufacturers themselves feel that the manufacturing cost is much higher than other technologies, the focus currently hinges on cost reduction before introducing the technology into mainstream applications. Once low-cost products are introduced, miniature LEDs are expected to expand their presence in other regional markets as well.

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https://www.grandviewresearch.com/industry-analysis/mini-led-market

Further key findings from the report suggest:

Mini LED is expected to become one of the mainstream display technologies, and thus various vendors are reporting their developments by showcasing these products in several exhibitions and trade shows
The automotive display application segment is expected to exhibit the highest CAGR in mini LED market over the forecast period. Mini light-emitting diodes have high contrast and brightness ratio, which provide clarity in automotive displays, thereby ensuring safety and security
North America is expected to be early adopters of this technology owing to regional demand for premium gaming monitors and laptops
Innolux Corporation; Japan Display, Inc.; Everlight Electronics Co. Ltd.; and EPISTAR Corporation are some of the prominent companies working on the development of mini light-emitting diode technology and products.

Voice Picking Solution Market Size Worth $3.0 Billion By 2025

The global voice picking solution market size is expected to reach USD 3.0 billion by 2025, registering a CAGR of 14.7% from 2019 to 2025, according to a new report by Grand View Research, Inc. The number of warehouses and distribution centers operating across the world is increasing rapidly in line with the growing online groceries sales; policies, such as next-day delivery, being pursued by retailers; and the subsequent growth of the eCommerce and retail industries. As a result, organizations are aggressively adopting various solutions, such as voice picking solutions, to meet the customers’ requirements. Changing consumer behavior and the growing emphasis on customer satisfaction is also prompting enterprises to opt for a voice picking solution.

Companies operating in several industry verticals are implementing some or the other kind of voice picking solution to enhance their warehouse operations. A voice picking solution is particularly used to assist in the picking process, among other tasks. It can also be integrated with RF scanning to overhaul the entire process. A typical can work efficiently even in the noisiest warehouse environments. Moreover, it is also offered with software to support multiple languages, thereby eliminating the communication barrier. Such a flexible nature is widening the application portfolio of these solutions to cover diverse industry verticals, including transportation & logistics, retail, and food & beverage, among others.

A voice picking solution can facilitate real-time communication between the warehouse management system and the distribution system. The use of voice-based technology can particularly help distribution centers in improving accuracy and productivity, reducing employee training time, and subsequently optimizing the warehouse operations. As such, a voice picking solution can help warehouses in augmenting revenues, increasing the number of customers served, and managing the inventory efficiently. All these factors are expected to contribute significantly to encourage the adoption of voice picking solutions and drive the market growth over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/voice-picking-solution-market

Further key findings from the report suggest:

The software segment dominated the voice picking solution market in 2018 as large e-commerce companies emphasized on speeding up product delivery and realizing a higher return on investment
Benefits, such as increase worker satisfaction, enhanced customer service levels, and higher throughput, associated with voice-directed solutions are driving the market growth
Several retail companies and manufacturing and distribution companies are deploying a voice picking solution to reduce the cost of operations and augment the profitability
The Asia Pacific regional market has been gaining traction over the past few years in line with the growing emphasis on enhancing the efficiency of the warehouses in the region
Key players in the market include Bastian Solutions, Inc.; Dematic; Ehrhardt + Partner Solutions Limited; Honeywell International Inc.; Ivanti; Lucas Systems; Voiteq; Voxware; Zebra Technologies Corp.; and ZETES, among others.

Lithium Market Size Worth $4.93 Billion By 2027

The global lithium market size is anticipated to reach USD 4.93 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 1.9% from 2020 to 2027. Growing battery production across the globe on account of increasing demand from the end-use industries is anticipated to augment market growth.

Lithium is found in the form of compounds and not as a single element on account of its high reactivity. Of all its compounds, Li₂CO₃ is the most stable and is further used for preparation of other compounds. Demand for Li₂CO₃persists owing to its high availability and low cost in comparison to others.

Increasing demand for lithium from end-use industries is propelling manufacturers to expand their production. For instance, in April 2019, General Lithium Corp announced about its plan to construct a plant for producing lithium carbonate equivalent (LCE) from spodumene mineral in China. The plant’s capacity is expected to be 60 kilotons of LCE per annum. The company aims at finishing the plant construction by end of 2020.

Growing demand for lithium, supported by its increasing production can be obstructed in 2020 owing to the coronavirus outbreak in the world. Battery is the major application of lithium and the temporary shutdown of major manufacturing facilities of consumer goods, electric vehicles, and batteries is anticipated to impact the market growth. However, certain Chinese manufacturers are expected to resume operations as of April 2020, which can be considered a positive sign.

There are various countries in the world that have been majorly hit due to the coronavirus outbreak. For example, Miners in Peru have halted their operations to prevent further spread of the virus. As of March 17, 2020, Chile, which is amongst the top 5 producers of lithium, reported over 200 coronavirus cases, which led to shutting down of schools, borders, and prohibition of gatherings. This resulted in disruption of the lithium supply chain, as SQM, one of the largest manufacturers in the market, reported the cut down of shipments to China by 2 kilotons.

Automotive accounted for the largest market share in 2019 on account of growing penetration of electric vehicles (EVs) in the industry, which is propelling the demand for lithium-ion (Li-ion) batteries. Growing demand from the battery sector, especially in China, has boosted lithium production. For example, in January 2020, Youngy announced its plan to build a plant in Kangding, Sichuan province worth USD 201 million for processing 1.05 million tons of lithium ore per annum.

The global market has been characterized by high competition owing to presence of major manufacturers in the industry. Albemarle, FMC Corporation, SQM, Tianqi Lithium, and few more players dominate the market. Mergers and acquisitions is a key strategic initiative in the market in order to gain a greater market share. For instance, a joint venture was announced in February 2019 between China’s Xinjiang TBEA Group Co Ltd and Bolivia’s Yacimientos de Litio Bolivianos for lithium production.

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https://www.grandviewresearch.com/industry-analysis/lithium-market

Further Key Findings from the Study Suggest:

Asia Pacific anticipated to expand at the fastest CAGR across the forecast period in terms of volume owing to increasing government initiatives pertaining to adoption of electric vehicles, which is leading to growing production of li-ion batteries in the region
By application, grid storage is expected to emerge as the fastest growing segment with a revenue-based CAGR of 2.1% from 2020 to 2027 on account of growing emphasis towards clean energy, leading to increasing energy storage capacities in several nations
Li₂CO₃ accounted for the largest volume share of 60.0% in 2019 owing to its abundant availability and stability in nature
Consumer goods is expected to emerge as the second fastest growing segment with a volume-based CAGR of 4.0% from 2020 to 2027, considering increasing production of smartphones across the globe
Oversupply of lithium and advancements in the technology are leading towards decline in its prices. As a result, companies are postponing their capacity expansion plans. For instance, SQM postponed its planned expansion in Chile until late 2021 owing to weak lithium prices and quick evolution in battery requirements.

Polyphenylene Oxide Market Worth $2.27 Billion By 2025

The global polyphenylene oxide (PPO) market size is projected to reach USD 2.27 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% during the forecast period. Rising demand from end-user industries such as automotive and electronics & electrical. Globally, surging demand for electronic products such as outlet boxes, smoke detectors, and lighting is poised to boost the growth of the PPO market. Improving living standards coupled with increasing per capita disposable income is estimated to positively impact the market over the forecast years. Burgeoning automotive manufacturing in Latin America and Asia Pacific is expected to stimulate the growth of the market.

Rising consumer awareness regarding new technologies in emerging economies is anticipated to fuel the demand for advanced electronic components. Increasing trade of electronic devices among countries is anticipated to unfold immense growth opportunities for market players. Electronic components emerged as the leading application segment in the polyphenylene oxide market. Major products where electronic components are used are relay housings, pump housing/impellers, connectors, bobbins, circuit breakers, motor brush cards, coil encapsulation, fans and blowers, heat exchangers, thermostat housings, and large and small appliances.

Increasing PPO applications in the electrical and electronics industry such as TV output transformer, air conditioning control boxes, deflection yoke, and bobbins are slated to stoke the growth of the market. Asia Pacific is the leading regional market, with a global volume share estimated at over 50.0% in 2017. Favorable economic policies coupled with the entry of global plastic manufacturers are supporting the growth of the market in Asia Pacific. A well-established electrical & electronics manufacturing base in China, Taiwan, and South Korea coupled with a strong chemical manufacturing base in India is likely to trigger the adoption of polyphenylene oxide. China being the major market has witnessed tremendous growth in end-use industries.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/polyphenylene-oxide-ppo-market

Further key findings from the report suggest:

In terms of revenue, the automotive application is expected to rise at a CAGR of 4.1% from 2018 to 2025 owing to growing automotive production in emerging economies
The U.S. polyphenylene oxide market is anticipated to exceed 85 kilo tons by 2025, owing to the presence of a large number of automotive companies and rapidly increasing shale gas operations
The PPO market is moderately concentrated owing to the presence of both large as well as small players
Some of the key companies present in the market are BASF, SABIC, Mitsubishi Chemical Holdings Corp., Sumitomo Chemicals, Momentive Performance Materials, LyondellBasell, Polyplastics Co. Ltd., Asahi Kasei Chemicals Corp., and Solvay SA.