Polyphenylene Sulfide Market Scope
The global Polyphenylene Sulfide market is expected to witness high demand in the forecasted period due to the increasing consumption of polyphenylene sulfide can be mainly attributed to its highly advantageous physical properties. Polyphenylene sulfide is a crystalline polymer, whose high chemical resistance and temperature performance among other properties are projected to fuel the demand over the next few years. Polyphenylene Sulfide (PPS) is used in manufacturing the filter bags and dust chambers used in the coal power plants as they can withstand basic and acidic conditions without changing their original properties.
The market study is being classified by Type (Linear Type and Cross-linked Type), by Application (Electric & Electronic Field [Relays, Multipoint connectors,Plugs, Bobbins, Switches], Automobile Industry [Induction system, Coolant system, Fuel system, Power system], Industrial Field, Aerospace Field and Others) and major geographies with country level break-up. According to AMA, the Global Polyphenylene Sulfide market is expected to see growth rate of 8.8%
Research Analyst at AMA predicts that Japanies Vendors will contribute to the maximum growth of Global Polyphenylene Sulfide market throughout the predicted period.
Toray (Japan), DIC (Japan), Teijin (Japan), Kureha (Japan), Celanese (United States), Chevron Phillips Chemical (United States), Toyobo (United States), Bayer AG (Germany), SK Chemicals (South Korea) and SABIC (Saudi Arabia) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Polyphenylene Sulfide market by Type, Application and Region.
On the basis of geography, the market of Polyphenylene Sulfide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- Rising consumption of the compound in high-temperature applications owing to superior performance
- High preference for PPS over to metals owing to weight reduction is likely to further propel the demand
- High demand due to government regulations & policies
- Increasing automotive manufacturing in developing countries
- The automotive industry is likely to witness robust growth in countries such as India, China, and Brazil
- The presence of substitutes including PEEK and PEI
- The fluctuating raw material costs
Key Target AudienceRaw material suppliers, PPS resin manufacturers, PPS compounders, Traders, distributors, and PPS suppliers, Government and regional agencies and research organizations and Investment research firms
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase