- Polyphenylene sulfide (PPS) is an aromatic polymer that exhibits high flame resistance. This makes it suitable for the automobile sector. PPS reduces car weight and welds together car parts, making it useful for car makers. It has high deflection temperature, outstanding dimensional stability, and chemical resistance.
For Market Research Report on “Polyphenylene Sulfide (PPS) Market” Visit -http://www.grandviewresearch.com/industry-analysis/polyphenylene-sulfide-pps-industry
The polyphenylene sulfide (PPS) market, with respect to volumes, exceeded 80 kilo tons (KTs) in 2014. It would reach more than 140 KT by 2022, at 7.3% CAGR from 2015 to 2022. Revenues of the worldwide market are projected to be USD 1.6 billion by 2022. Huge demand for automotive parts like brakes, actuators, gaskets, and coolant circuits will escalate market demand in the forecast phase.
Substitute materials like PEEK (polyether ethyl ketone) and PEI (polyethylenimine) and dynamic pricing of raw materials can hamper the market. Eco-friendly and low-cost products could encourage the polyphenylene sulfide (PPS) market in the next seven years.
PPS has applications in the sectors of aerospace & defense, industrial coatings, automotives, and E&E. Automotives accounted for over 30% of the global revenues and was valued USD 250 million in 2014. E&E would witness a CAGR above 7.5% on account of high demand in India, Brazil, and China. The demand for PPS in industrial coatings is due to its chemical and heat resistance features. These features work in support of the polyphenylene sulfide (PPS) market.
North America accounted for over 20% of the market volumes in 2014. The rise of automotive companies like Honda Motors, Mazda, and Nissan will spur the PPS sales in the seven years ahead. Asia Pacific (APAC) would experience a CAGR above 7.5% in terms of volume in the forecast phase. China was the dominant market in APAC and accounted for over 30 KT in 2014.
The demand for SUVs and sedans will also contribute to the market. Participants in the polyphenylene sulfide (PPS) market comprise China Lumena New Materials Corporation, Fortron Industries L.L.C., Toray Industries, Inc., Celanese Corporation, and Solvay Industries. In April 2014, Celanese Corporation boosted their production rates in China to take the place of thermo sets and metals in the sectors of electronics, automotives, and aerospace.
Information Source: Grand View Research
To request a sample copy of this report, please complete the form below.
To purchase a copy of this report, please contact at
28 2nd Street, Suite 3036
San Francisco, CA 94105
Toll Free: 1-888-202-9519