polyphenylene sulfide (PPS) market report consists of a significant data that provides future forecast and detailed analysis on a global and regional level. Estimations about the CAGR value’s up and down for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this report. The report highlights myriad of market insights which help with the more precise understanding of the market landscape, issues that may impose on the industry in the future, and how to place specific brands in the best way. This market report is a definite solution which can be adopted by businesses to thrive in this swiftly changing marketplace. Creative methods and research tools such as SWOT analysis, Pestle and Porter’s Five Forces analysis are employed to analyze the weakness, strength, shortcomings and opportunities present in the market.
Global polyphenylene sulfide (PPS) market is expected to rise to an estimated value of USD 2677.48 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. Technological development in electrical and electronic industry and increasing product development is the factor for the growth of this market.
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Polyphenylene sulphide or PPS is a partial crystalline which usually have high melting point and excellent chemical resistant. They are mainly used as high performance thermoplastics. They are usually used for electrical insulation, coal boiler, film capacitors, gaskets, specialty membrane and others in filter fabrics. Linear PPS and Cross- linked PPS are two of the major types of the PPS. There toughness increases at high temperature due to which they are widely used as substitute of metal in electronic, automotive and other industries.
Few of the major competitors currently working in the global polyphenylene sulfide (PPS) market are DIC CORPORATION, Solvay, LION IDEMITSU COMPOSITES CO.,LTD., KUREHA CORPORATION, TORAY INDUSTRIES, INC., Tosoh, SK chemicals, Chengdu Letian Plastics Co.,Ltd., Celanese Corporation, Daicel Corporation., TEIJIN LIMITED., SABIC, NHU Materials Co., LG Chem., Ryan Plastics Ltd., RTP Company, Ensinger Special Polymers, Inc., Polyplastics Co., Ltd., INITZ, PolyOne Corporation among others.
Market Drivers:
- Growing electric vehicle demand is fuelling the growth of this market
- Rising usage of PPS in filter and filter bag applications is another factor driving the market growth
- Increasing government support will also propel the growth of the market
- Rising demand for PPS from electronic and automotive industry also contributes as a factor for the growth of this market
Market Restraints:
- High production cost will restrict the market growth
- Availability of substitute in the market will also hamper the market growth
- Rising issues related with oversupply and capacity built can also hinder the growth of this market
Key Developments in the Market:
- In April 2019, Toray Industries announced the launch of their new polyphenylene sulfide resin which is specially designed for automobile industry. They are very flexible and are chemical and heat resistant. This will help the company to expand in various industries applications. This new PPS is a combination of technologies such as nanotechnology and polymer chemistry
- In January 2015, Solvay announced that they are going to acquire Ryton PPS business from Chevron Phillips Chemical Company so that they can increase their specialised solutions portfolio. This will help the company to provide reduce the cyclicality and get higher growth and returns. This will also expand their business and will strengthen their position in the market
Total Chapters in Polyphenylene Sulfide (PPS) Market Report are:
- Chapter 1 Overview of Polyphenylene Sulfide (PPS) Market
- Chapter 2 Global Market Status and Forecast by Regions
- Chapter 3 Global Market Status and Forecast by Types
- Chapter 4 Global Market Status and Forecast by Downstream Industry
- Chapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream Industry
- Chapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream Industry
- Chapter 7Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream Industry
- Chapter 8Latin America Market Status by Countries, Type, Manufacturers and Downstream Industry
- Chapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream Industry
- Chapter 10 Market Driving Factor Analysis of Low End Servers
- Chapter 11, Polyphenylene Sulfide (PPS) Market Competition Status by Major Manufacturers
- Chapter 12, Polyphenylene Sulfide (PPS) Market Major Manufacturers Introduction and Market Data
- Chapter 13 Upstream and Downstream Market Analysis of, Polyphenylene Sulfide (PPS) Market
- Chapter 14 Cost and Gross Margin Analysis of Polyphenylene Sulfide (PPS) Market
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Segmentation: Global Polyphenylene Sulfide (PPS) Market
By Application
- Automotive
- Induction System
- Coolant System
- Fuel System
- Power System
- Electrical & Electronics
- Relays
- Multipoint Connectors
- Plugs
- Bobbins
- Switches
- Industrial
- Filter Bags
- Aerospace
- Coatings
- Other Applications
By Type
- Linear PPS
- Cross-linked PPS
By Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East and Africa
Competitive Analysis:
Global polyphenylene sulfide (PPS) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polyphenylene sulfide (PPS) market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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