Global Polyphenylene Oxide Market 2017-2021

Overview of the global polyphenylene oxide market

Research analysis on the global polyphenylene oxide market identifies that the growth in automotive production will be one of the major factors that will have a positive impact on the market's growth. Technavio's market research analysts predict that this market will generate a revenue of more than USD 1.9 billion by 2021. Polyphenylene oxide is widely used in the manufacture of automotive structural parts. Advantages such as increased heat resistance, good dimensional stability, and accuracy attribute to the high preference of polyphenylene oxide in automobile parts. Additionally, polyphenylene oxide is also increasingly used in the fascia in automobiles. With the rising disposable income of the middle-class population, the demand for automobiles will considerably increase in the coming years, which in turn, will drive the need for polyphenylene oxide.

The growth of the fluid handling system market is one of the key trends that will contribute to the market growth in the coming years. Polyphenylene oxide plastics are widely used in the different parts of fluid handling systems such as flow meters, pump skids, pumps, valves, meter systems, fire pump systems, and fire pumps. With constant R&D activities focused on cost effectiveness and improvement in productivity, the fluid handling systems market will witness considerable growth in the coming years, subsequently fueling the consumption of polyphenylene oxide.