The report segments the polyphenylene sulfide market by application into automotive, electrical & electronics, filter bags, aerospace, industrial, coatings, and others, and by region into Asia-Pacific, North America, Europe, and RoW.
The value chain of polyphenylene sulfide market starts with the sourcing of basic raw materials, manufacturing, compounding, and used for various end-use applications. Raw material suppliers are the para-dichlorobenzene and sodium sulfide or sodium hydrogen sulfide manufacturers and suppliers. Various companies, such as DIC Corp., Kureha Corp., Toray Industries, Fortron Industries LLC (joint venture of Kureha Corp. and Celeanse Corp.), Tosoh Corp. manufacture PPS resins. PPS resins should be reinforced by compounding with glass fiber, mineral reinforcements, or any other engineering plastic/polymer, as these are brittle. Companies have integrated facilities for in-house compounding, but there are also a few companies that have only compounding facilities. Development of newer technology shall also be an opportunity for the PPS market. SK. Chemicals has developed a new manufacturing process that is halogen-free and eco-friendly. Initz Co. Ltd, a joint venture between SK Chemicals and Teijin Ltd., uses this patented manufacturing process.
Key Target Audience:
Raw material suppliers
PPS resin manufacturers
PPS compounders
Traders, distributors, and PPS suppliers
Government and regional agencies and research organizations
Investment research firms
On the basis of application:
Automotive
Electrical & electronics
Industrial
Filter bags
Aerospace
Coatings
Other applications (sterilizable medical, dental, and laboratory equipment, hair dryer grills, and components)
The report “Polyphenylene Sulfide Market by Application (Automotive, Electrical & Electronics, Filter Bags, Aerospace, Industrial, Coatings, and Others) and by Region (Asia-Pacific, North America, Europe, and Row) - Global Forecast to 2020”, The global Polyphenylene Sulfide (PPS) market size is estimated to grow from USD 995.1 Million in 2015 to USD 1,574.7 Million by 2020, at a CAGR of 9.6%. Download Free PDF Brochure: https://bit.ly/2GRzfL9
The key players profiled in the PPS market report are DIC Corp. (Japan), Tosoh Corp. (Japan), Toray Industries Inc. (Japan), Kureha Corp. (Japan), Solvay SA (Belgium), Fortran Industries LLC (U.S.), China Lumena New Materials Corp. (China), Initz Co. Ltd (South Korea), Zhejiang NHU Special Materials (China), and Lion Idemitsu Composites Co. Ltd. (Japan).
On the basis of application:
Automotive
Electrical & electronics
Industrial
Filter bags
Aerospace
Coatings
Other applications (sterilizable medical, dental, and laboratory equipment, hair dryer grills, and components)
Automotive and filter bags, the largest applications of PPS
The growing popularity of PPS over metals and conventional polymers in various applications play a significant role in driving the market. Automotive, electrical & electronics, and filter bags are the most its important applications. A normal gasoline automotive requires nearly 1 kg of PPS, whereas hybrid and electric automotive require nearly 5 kegs of PPS, which is used as a metal replacement. PPS helps decrease the weight of automotive, which enhances the efficiency. Globally, 15 governments have joined forces for encouraging the use of electric and hybrid vehicles, thus driving the PPS market. The PPS filter bags industry is seeing high growth in Asia-Pacific, with increasing consumption in coal power plants and stringent regulations set for controlling the release of particulate matter in China. The PPS filter bags market is likely to have high growth potential during the forecast period, as these filter bags have an efficiency of more than 99%.
Rising demand in Asia-Pacific is the major driver for growth of PPS market
In 2015, Asia-Pacific is estimated to account for the largest market share in terms of volume. Robust demand in Asia-Pacific and increasing consumption for PPS filter bags shall be the major driving factors for the global PPS market during the forecast period. China is one of the leading consumers of PPS worldwide with increased demand from the filter bags application.
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