According to a new market report published by Credence Research “Polyphenylene Sulfide (PPS) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022,” the Polyphenylene Sulfide (PPS) market was valued at US$ 0.86 Bn in 2015, and is expected to reach US$ 2.0 Bn by 2022, expanding at a CAGR of 13.0% from 2016 to 2022.
The purpose of the report is to illustrate the state of the market of Polyphenylene Sulfide, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Polyphenylene Sulfide (PPS) is an aromatic polymer which is crystalline in nature and contains sulfide linkages. These polymers are characterized by their molecular weight. Three types of polyphenylene sulfide grades are available which include- filled resin, neat resin and glass/mineral filled resins. All the three grades have excellent chemical resistance and high-temperature stability. These polymers differ in their mechanical properties and processibility. Polyphenylene sulfide which is commercially manufactured is segmented into linear and cross linking processes.
The major factors driving the global polyphenylene sulfide (PPS) market include the growth in the Chinese automobile industry. Due to the beneficial properties of polyphenylene Sulfide such as resistance to fuel, transmission and brake fluids and high temperatures, high demand is reported for polyphenylene sulfide from the automotive industry. It helps in increased stability and weight reduction in comparison to the full metal body framework. The vital automotive applications include fuel system parts, electrical & electronic components and induction systems among others. Growing per capita income of people in the region has led to high demand for vehicles in the market. This has led to high growth of automotive industry in China and Japan. Another factor contributing to the growth of global polyphenylene sulfide market is the increasing use of filter bags in thermal and coal power plants. Hence, high demand is experienced for polyphenylene sulfide in the global market.
Polyphenylene sulfide is used in a wide range of end-use industries. On the basis of its applications, the global polyphenylene sulfide market is segmented into electrical & electronics, automotive, industrial, coatings, filtration & filter bags and others. Filtration & filter bags accounted for major share of global polyphenylene sulfide market in 2014. Stringent regulations in the industrial sector have led to high demand for polyphenylene sulfide in the market. Resistance towards mineral and alkaline acids and hydrolysis properties has contributed to the growth of filtration & filter bags globally. Electrical & electronics was the second largest application segment of polyphenylene sulfide and is expected to boost market demand in the near future. Rising demand for polyphenylene sulfide in the manufacture of electrical components is expected to boost market demand in the coming years. Other applications such as automotive, coatings, industrial and others are also projected to fuel market demand for polyphenylene sulfide during the forecast period from 2016 to 2022.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Polyphenylene Sulfide buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Polyphenylene Sulfide contains:
Analysis and forecast of Polyphenylene Sulfide market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Polyphenylene Sulfide market;
Assessment and forecast of Polyphenylene Sulfide market development;
Financial and business profiles of the leading companies in the Polyphenylene Sulfide industry.
– Up to date working Polyphenylene Sulfide data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Polyphenylene Sulfide for the period 2018 to 2026
– Planned Polyphenylene Sulfide additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Polyphenylene Sulfide projects by region, key countries, and companies
– Details of major planned Polyphenylene Sulfide projects in the world up to 2026
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