PPE Alloy market- An Overview
Polyphenylene ether is a polymer alloy obtained by combining polyphenylene ether with a high impact polystyrene material. The PPE market has made steady progress over the last few years and is expected to grow stronger in future, as well.A TMR report projects the global PPE alloy market to grow at a compound annual growth rate (CAGR) of 4.9 percent during the forecast period between 2017 & 2025. The PPE market is estimated to grow, in terms of revenue from US $ 1264.7 Mn in 2016 to US $ 1951.2 Mn by 2025.
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An increasing demand to reduce the weight of automotive parts for fuel efficiency, and a greater demand for cables in electrical and electronics products are some of the important factors, driving the PPE alloy market worldwide.
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PPE Alloy Blends Witness Substantial Changes to Meet Industrial Demands
Some of the features of PPE include high dimensional stability, low water absorption, high temperature performance, low shrinkage, and high insulation. These features have made them a suitable choice in several applications in the medical and automotive industries, thereby fueling the global PPE market.
PPE are a group of polymers, the processing of which has led to several homo polymers and copolymers and their blends have been used in commercial applications. PPE blends have witnessed significant changes to meet the requirements in automotive and medical industries.
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A few features of this class of polymers include greater water absorption than thermoplastics, excellent dielectric properties, remarkable mechanical and thermal characteristics, and superb dimensional stability.
The engineering smarting alloy variant has witnessed a rise in demand and has emerged as an important trend in the PPE market.
The increasing demand for lightweight components could help strengthen the growth prospects in the PPE alloy market.
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North America Emerged as Leader in PPE market in 2016, Automotive Segment Key End User
The PPE alloy market is divided into five regions, globally: Europe, Asia Pacific, North America, Latin America, and Middle East & Africa. North America emerged as the leader in the global PPE market in 2016. The automotive segment emerged as the key enduser of PPE in North America in 2016.
Europe and Asia Pacific jointly heldsubstantial share in the polyphenylene ether ally market worldwide in 2016
In future, rising investments in the automotive sector in countries such as the UK, Spain, and France could present profitable growth opportunities for the PPE market.
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PPE/PA Emerges as the Most Dominant in the Product Type Segment of PPE market
The PPE market worldwide is segmented based on product type, geography, and end-user. Based on product type, it is divided into PPE/PA, PPE/PP and PPE/PS. In terms of revenue, PPE/PA is the leader in the PPE market.
The factor behind the domination is the presence of polyamide in the PPE/PA alloys, which improves toughness and increases the resistance to organic and chemical solvents. The PPE/PA and PPE/PP segments are anticipated to witness strong growth in future due to the rising demand for recycled plastic in electrical and electronic industries and demand for lightweight parts in automobiles.
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