Polyphenylene Sulfide Market, Trends and Forecasts
The purpose of this study is to find out the market status and future of PPS, as it is a very versatile product and is used in many different industries for a wide range of applications. This study will help different stakeholders across the value chain to identify the current trends and opportunities across different regions. In 2017, the PPS market was valued at US$0.917 billion and is expected to grow at a CAGR of 7.75% during the forecast period to grow to US$1.435 billion in 2023.
PPS is a semi-crystalline, high-temperature polymer that comprises of flame redundant properties without any added chemicals. It also has a very high flame resistance and chemical resistance. Due to these properties, PPS is very useful and finds applications in automotive, aerospace, consumer electronics, manufacturing, and other industries.
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An automotive boom in many of the emerging economies like China, India, Brazil, Malaysia will boost the demand for PPS over the next five years. Even developed countries will witness a significant growth in demand for PPS originating from different industry verticals. Also, the movement of the automotive market from gasoline-powered cars to hybrid models (which run both on gasoline and electricity), will result in increased demand for PPS, as hybrid models require more PPS per vehicle as compared to gasoline cars. The growing interest in Aerospace sector is also contributing to the high demand for PPS across key economies such as China, India, South Korea, and the United States.
The Asian Pacific Region will show the highest growth whereas, due to the strict environmental laws in the European region, the growth will be moderate. The increasing demand of its substitutes like polyetherimide (PEI), polyetheretherketone (PEEK), polyamide combined with the rising price of PPS will hinder its demand over the forecast period.
The report provides the market forecast based on the following Product Types:
Forecast on the basis of following Industry Segmentation:
Forecast based on the following Geographies:
The Middle East
Also, the report focuses on the following Market Leaders:
Toray Industries, Inc.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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