Polyphenylene Sulfide Market Global 2018 Size by Leading Players - Tosoh Corporation, TORAY INDUSTRIES, Celanese Corporation, SK Chemicals, Solvay, Chevron Phillips Chemical Company, Haohua Honghe Chemical Co., Ltd., SABIC and Aetna Plastics Corp.

Polyphenylene sulfide (PPS) is an organic, semi-crystalline polymer containing aromatic rings attached to sulfide. Polyphenylene sulfide exhibits features such as high chemical resistance, thermal resistance, flame retardant, electrical conductivity, low moisture absorption, low viscosity, recyclability, and dimensional stability. PPS is filled with fillers and fibers to overcome the brittleness, which increases the overall cost. It is 100% recyclable and environment-friendly, which makes it an effective solution to the carbon emission issues concerned with other polymers. This property is likely to increase the product demand from the automotive and electrical industries during the forecast period. PPS is widely applicable in the aerospace industry such as ducting, panels, seat frames, and fasteners. The demand for PPS is expected to increase in the automotive sector owing to its application in carburetors, coolant systems, pistons, ignition parts, and others. It is an excellent substitute for heavy metals such as steel, bronze, aluminum, and others. Thus, increasing efforts by automakers to reduce weight and increase fuel efficiency is expected to drive the market growth.

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The growing product development for applications such as cooking appliances, hair dryer components, and others has positively favored the market growth. The filter bag produced using PPS is one of the best filter materials available, which is used in thermal, steel, iron, chemical plants, and others. Furthermore, growing demand for the product in the manufacturing of healthcare and laboratory equipment is likely to fuel the market growth.

Regional Analysis

The Global Polyphenylene Sulfide Market is spanned across five key regions namely Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. The Asia Pacific is anticipated to show a considerable growth due to the presence of a large number of automotive, electrical & electronics, and coating sectors in India, China, and Japan. The presence of automotive manufacturing bases such as Honda, Nissan, and Toyota coupled with increasing demands for sedans and SUVs are projected fuel the market growth in this region. Countries such as Thailand and South Korea are major contributors to the market growth due to the high production of automobiles.

North America is expected to witness a significant growth on account of the automobile industries along with the expanding aerospace sector. The technological advancements and increasing investments will be advantageous to the market growth. The demand for commercial aircraft is anticipated to rise in emerging economies due to the high focus on regional connectivity. European region has witnessed stagnant growth owing to limited production application in coal and thermal plants along with stringent regulation of government. Latin America is another substantial region propelling the market growth due to the growing automobile sector, especially in Mexico.

Segmentation

The Global Polyphenylene Sulfide Market is categorized on the basis of type, applications, and region.

On the Basis of the Type, the market is segmented into virgin and recycled categories. Though the recycled products are cheap, they have inferior properties, high impurities, and environmental risks. Because of these reasons, the demand for the virgin product will increase during the review period.

Based on the Application Segment, the global market is divided into automotive, electrical & electronics, industrial applications, filter bags, coatings, and others.

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