Polyphenylene Sulfide Market to Hit 9.75% to 2021: Growth Analysis, Company Profiles & Trends

Global Polyphenylene Sulfide Market is Projected to grow at 9.75% CAGR during the period 2017-2021. Polyphenylene Sulfide Industry research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

The Report analysts forecast the global PPS market to grow at a CAGR of 9.75% during the period 2017-2021.

Marketsizeforecasters adds new global PPS market report that lists top active companies as elanese, DIC, INITZ, Solvay, and Toray.

Global Polyphenylene Sulfide Market Other Prominent Vendors in the market are: Lion Idemitsu Composites, SABIC, Tosoh, and Zhejiang NHU.

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Commenting on the Global Polyphenylene Sulfide Market report, an analyst said: The global PPS market is expected to witness an increase in the production of bio-based plastics over the coming years. This is because the key players in the global PPS market are adopting bio-based plastics to minimize the harmful effects of plastics on the environment. SABIC offers polycarbonate resins with up to 5% bio-based content derived from castor oil. The resin is marketed under the brand name Lexan. Evonik provides bio-based polyamides under the brand name Vestamid Terra. The vendors in the market are also exploring the production of bio-based (polyethylene terephthalate) PET. In addition to enhancing their portfolio with green products, these vendors are also focusing sustainable methods of production.

According to the Global Polyphenylene Sulfide Market report, the strong demand from the automotive industry is a major driver contributing to the growth of the global PPS market. PPS is used in various automobile parts. Some of the common and newly developed application areas for PPS in automobiles are instrument panels, center consoles, door panels, roof modules, rear windshield glazing, wheel covers, door handles, interior trims, headlight lens and housings, and bumpers.

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PPS is also increasingly used in automotive applications such as powertrain, electrical components, chassis, and trim components. The major factors contributing to the growing demand for PPS from the automotive industry include the potential for weight reduction, ease-of-assembly during production, and flexibility in design. The increasing demand for high-performance materials for application in the automotive engine compartment is also fueling the demand for PPS from the automotive industry.
Further, the Global Polyphenylene Sulfide Market report states that PPS is popularly used in manufacturing automotive and industrial parts owing to its high temperature resistance, excellent dimensional stability, creep resistance, and chemical resistance. However, vendors of PPS resins face substitution threats from other engineered plastics such as PEEK, polyethylene, polystyrene, and polyvinyl chloride.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The Global Polyphenylene Sulfide Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Browse full table of contents and data tables for Global Polyphenylene Sulfide Market Report @ https://marketsizeforecasters.com/global-polyphenylene-sulfide-market

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