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Polyphenylene Sulfide (PPS) Resins Market Expectations & Growth Trends Highlighted until 2027 | Key Players are Initz Co. Ltd., Fortron Industries LLC, Lion Idemitsu Composites, etc.
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Polyphenylene Sulfide (PPS) Resins Market - Notable Highlights
In September 2018, Toray Industries Inc. announced the investment of US$ 89.3 million over the next three years from to 2021 to increase polyphenylene sulfide (PPS) resin output capacity at its Gunsan Plant, South Korea.
In August 2018, Initz Co. Ltd., a subsidiary of SK Chemicals commercialized its ECOTRAN PPS compounds in collaboration with Hyundai Mobis. The PPS compound is the first material to resolve the problem of headlamp haze in the global auto industry by applying the ECOTRAN PPS automotive headlamp holders.
In April 2018, Tosoh Corporation announced the development of new polyphenylene sulfide (PPS) compound with enhanced thermal shock resistance that delivers 80% improvement as compared to current industry-standard products.
Solvay’s Ryton® polyphenylene sulfide (PPS) was selected for industrial grade sensors by Advanced Sensor Technologies Inc. in February 2018. On October 2018, Solvay launched its first batch of Ryton® polyphenylene sulfide (PPS) extrusion grades for demanding applications of automotive cooling line assembly.
In March 2018, Kureha Corporation announced expansion plans of its polyphenylene sulfide (PPS) facility at its Iwaki factory in Fukushima, Japan. With the investment of 10 billion yen, the expansion plan is projected to be completed by 2020 and an additional annual capacity increase of 5000 tonnes is projected.
In September 2017, DIC Corporation announced the expansion of its polyphenylene sulfide (PPS) compounds facility in Komaki, Japan with the investment of US$ 7.2 million to achieve annual PPS production goal of 3,500 metric tonnes.
FactMR provides notable insights of all the key players in the polyphenylene sulfide (PPS) resins market. Other profiled players in the polyphenylene sulfide (PPS) resins market include Fortron Industries LLC, Zhejiang NHU Special Materials Co. Ltd., Chengdu Letian Plastics Co. Ltd., and Lion Idemitsu Composites.
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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.
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-use
Polyphenylene Sulfide (PPS) Resins Market – Research Methodology
A robust research methodology followed during the course of the polyphenylene sulfide (PPS) resins market study is discussed in detail in the section of research methodology. A thorough discussion on the primary and secondary research used in the polyphenylene sulfide (PPS) resins market study is covered in this section.
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