Press release
Polyphenylene Sulfide (PPS) Resins Market Projected to Witness Vigorous Expansion by 2027|| Top Market players- Solvay SA, Toray Industries, Kureha Corporation, Fortron Industries LLC
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Fact.MR has published a new report titled, “Polyphenylene Sulfide (PPS) Resins Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027.” The polyphenylene sulfide (PPS) resins market report covers analysis of all the vital market facets that hold significant influence on the growth of the polyphenylene sulfide (PPS) resins market. The polyphenylene sulfide (PPS) resins market analysis is carried out for the historical period of 2013-2017 and forecast period 2018-2027.
Solvay, Toray and DIC - Top 3 Players with Largest Production Capacities of Polyphenylene Sulfide (PPS)
Solvay SA, Toray Industries and DIC Corporation are the prominent players in the polyphenylene sulfide (PPS) resins market. Owing to their largest production capacities, these companies continue to hold a significant revenue share in the global marketplace. Major business strategies include regional expansion and investments in R&D activities.
In August 2017, Toray, the leading Japanese PPS manufacturer announced the construction of the new polyphenylene sulfide (PPS) production facility in Hungary, Europe. In January 2018, DIC opened a Solid Compound Technical Center Asia Pacific in Malaysia to strengthen the business of polyphenylene sulfide (PPS) compounds in Southeast Asia and South Asia markets. Solvay expanded its specialty polymer offering of Ryton® PPS injection molding materials in 2018.
Electric and Hybrid Automobile Production – A Prime Demand Booster of Polyphenylene Sulfide (PPS) Resins
Commonly recognized as a super engineering plastic, polyphenylene sulfide (PPS) resins are known for their light-weight and heat resistance features. These features are being highly embraced by the automotive industry which is witnessing a rapid change in terms of ongoing vehicle electrification. In a bid to meet rising demand for light-weight and fuel-efficient automobiles, the number of electric components has increased dramatically.
The polyphenylene sulfide (PPS) resins are highly sought after in electric auto parts that require high-temperature stability such as motor coils, insulating films, wires and other electrical parts. As the polymer withstands up to 200oC of temperature, it is highly suitable for electric vehicle auto parts that run at high temperature including lithium-ion batteries.
In a normal gas-powered car, about 1 kg of polyphenylene sulfide (PPS) resins are used, whereas up to 2 to 3 kgs of the polymer are used in hybrid and electric cars. Well aware of the increasing production of hybrid and electric vehicles, prominent manufacturers in the polyphenylene sulfide (PPS) resins market are actively engaged in enhancing the production capacities of PPS compounds to leverage the lucrative opportunities emerging in the automotive industry.
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A Good Price Point Combined with Performance Propels Consumption of Polyphenylene Sulfide (PPS) Resins
In addition to their exceptional properties, polyphenylene sulfide (PPS) resins also fall in the category of high-performance thermoplastics that deliver a good cost and performance balance. Although manufacturers in the polyphenylene sulfide (PPS) resins market have introduced new formulations of PPS resins with superior qualities, the cost range remains affordable for end-users.
Volatility in the plastic industry prevails owing to fluctuations in the raw material prices. However, lower cost and availability of sodium sulfide and p-dichlorobenzene - raw materials of polyphenylene sulfide (PPS) provide a good price point to PPS in the thermoplastic market.
Coal-Fired Thermal Plants Ensure Future Polyphenylene Sulfide (PPS) Resin Demand
According to Carbon Brief, during the span of 2000 and 2017, globally, reliance on coal-fired power has doubled the capacity to 2,000 gigawatts, especially led by significant growth in India and China.
Coal-fired power plants generate a significant amount of fly ash, which if entered in the air can pollute the air significantly. Filter bags play a crucial role in the power plants wherein along with filter media, they efficiently remove dust and help in the neutralization of harmful gases.
Although many new coal-fired power plant operations are being halted across the globe, a considerable number of new plant constructions are underway. Growing environmental concerns and stringent regulations regarding emissions from these plants are likely to boost the demand for polyphenylene sulfide (PPS) filter bags for functional power plants in the future.
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