September 21, 2022 07:05 ET | Source: Exactitude Consultancy Exactitude Consultancy
Luton, Bedfordshire, United Kingdom, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Smart Containers market.
The global market for Polyphenylene was valued at USD 3.8 billion in 2021, and it is anticipated to reach USD 7.60 billion by 2029 at a CAGR of 8% during 2022-2029.
Polyphenylene is used in a wide range of industries, including automobiles, electronic and electrical parts, manufacturing, and coating. As a result, the market is being propelled forward by growth in the automotive sector and rising demand from the electronics and electrical industries in emerging economies.
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https://exactitudeconsultancy.com/reports/10241/polyphenylene-market/
The expanding polyphenylene market and rising consumption of polyphenylene paints as a solution are two important factors expected to drive market demand for polyphenylene. PPS has a wide range of applications in the automotive industry, resulting in increased supply from auto-producing regions around the world. Other factors contributing to overall growth include filter bag automotive, which is increasing demand for polyphenylene in end-user industries such as manufacturing and transistors, petrochemical industry, and oil and gas, resulting in the global polyphenylene market expanding.
Recent Developments in some of the Key Players
Expansion in end use industry is driving the Polyphenylene market in Asia-Pacific.
Asia-Pacific represents the largest market for polyphenylene. In countries, like China, Japan, South Korea, and India, the demand for polyphenylene has been increasing due to the established industrial base in the region. Asia-Pacific is also expected to be the fastest-growing Polyphenylene Market during the forecast period, with increasing demand from industries, like automotive and transportation, and electrical and electronics. Even though the Chinese automotive market declined in 2019, the electric vehicle segment witnessed huge growth.
The presence of large industry players carrying out strategic initiatives will drive Polyphenylene Market share.
The polyphenylene market key players include Toray Industries, Solvay, Tosoh Corporation, DIC Corporation, Kureha Corporation, LG Chem, Celanese Corporation, Saudi Arabia Basic Industries Corporation, China Lumena New Material, and Ensigner.
Browse Detailed Summary of Research Report with TOC:
https://exactitudeconsultancy.com/reports/10241/polyphenylene-market
Key Market Segments: Polyphenylene Market
Polyphenylene Market by Type, 2020-2029, (USD Million)
Polyphenylene Market by Application, 2020-2029, (USD Million)
Polyphenylene Market by End User Industry, 2020-2029, (USD Million)
Polyphenylene Market by Region, 2022-2029, (USD Million)
Increasing Demand from Automotive and Transportation Segment
Have a Look at the Exactitude Consultancy Research Reports
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