World News: 17:42 GMT Wednesday 11th September 2019. [Reports and Data via Globe Newswire via SPi World News]
New York, Sept. 11, 2019 (GLOBE NEWSWIRE) --
The Global polyphenylene market is forecast to reach USD 5.94 Billion by 2026, according to a new report by Reports and Data. The expansion of the market is attributed to a combination of various market factors.
One of the factors in this regards is the increasing expenditure on infrastructural projects by the governments of different nations. As an instance, at present, there are various airport construction projects being developed in China like Chengdu Shuangliu International Airport, Beijing Capital International Airport, and the Guangzhou Baiyun International Airport, among others. The increasing investments in such developmental projects are increasing the demand for polyphenylene. Furthermore, the expansion of the aerospace industry is further boosting the growth of the market. As an instance, Airbus had launched the largest passenger airliner- Airbus A380 that took its first flight in 2005. The mentioned advancements are a clear indication of the continuously evolving aerospace industry. In the manufacturing of this product, 50% of composites were used.
In addition to that, the automobile industry is witnessing growth and evolution like never before. With the development in this industry, there has been an increasing demand for lightweight, higher fuel efficiency, and lower emission products, which in turn increases the need for this polymer. Increased affordability and use of electronic products in developing regions is another factor which positively impacts the growth of the market.
In context to region, North America occupies a dominant market position. The market share held by this region is attributed to its well-established automotive industry, the aerospace sector, and the associated high demand for polyphenylene.
For the purpose of this report, Reports and Data have segmented the global polyphenylene market according to Type, End-user, Application, and Region:
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Globe Newswire: 17:42 GMT Wednesday 11th September 2019
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