openPR Logo
Press release

Polyphenylene Sulfide Resins Market Assessment and Forecasts Illuminated by New Report || Key Players: Fortron Industries LLC, Zhejiang NHU Special Materials Co. Ltd., Chengdu Letian Plastics Co. Ltd., and Lion Idemitsu Composites.

07-19-2019 03:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Factmr

Polyphenylene Sulfide Resins Market Assessment and Forecasts

Fact.MR has actively published a new research study titled “Polyphenylene Sulfide (PPS) Resins Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027” to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the Polyphenylene Sulfide (PPS) Resins Market during the period between 2018-2027. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.

Polyphenylene sulfide (PPS) resins consumption is likely to surpass 93.7 thousand tons in 2019, according to Fact.MR’s new study. The polyphenylene sulfide (PPS) resins market grew at a 5.3% in 2018, with overall growth driven by,

Exponentially rising demand in the automotive industry
Major production capacity expansion projects by prominent players
Introduction of new grades of polyphenylene sulfide (PPS) resins
Indispensable role of polyphenylene sulfide (PPS) in multiple demanding applications
Engineering thermoplastic polymers have acquired a special position across industries owing to their unique functionalities that accommodate current demand for recyclability and sustainability. Polyphenylene sulfide (PPS) fits well in this demand wherein the polymer has replaced metal and other thermosets considerably in multiple applications.

Request Free Sample Report Here:

https://www.factmr.com/connectus/sample?flag=S&rep_id=2473

Polyphenylene sulfide (PPS) resins demand has skyrocketed in past decades, majorly due to buoyancy in the automotive industry post the great recession of 2008. Fact.MR study estimates that the automotive industry registered nearly 49% of the  polyphenylene sulfide (PPS) resin consumption in 2018. The industry will continue to present significant demand for polyphenylene sulfide (PPS) resin in the future.

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.

Market Segmentation

The PPS Market is thoroughly studied in terms production, consumption and application-wise utilization. Based on a thorough supply-demand scenario, the polyphenylene sulfide (PPS) resins market is segmented based on application which includes automotive, electrical & electronics, Aerospace & Defense, Industrial, Filters & Filter bags, Coatings, and others. The market is studied for key regions such as North America, Latin America, Europe, Japan, APEJ and MEA. The regional analysis in all the regions is based on a thorough country-wise analysis of all key countries of the regions.

According to the study, APEJ accounted for nearly 45% of the global polyphenylene sulfide (PPS) resins in 2018. Major consumption remains consolidated in Greater China which accounted for about 40% of the global PPS resin demand in 2018.

China with its largest coal fleet as well as largest number of heavy capacity coal plants present significant demand for PPS filter bags, thereby accounting for a considerable demand for PPS resins. As one of the leading CO2 emitter and coal consumer, China is likely to take efforts in mitigating climate issues in the future, thereby presenting lucrative opportunities for polyphenylene sulfide (PPS) resins in the future.

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.
Fact.MR 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.

Polyphenylene Sulfide (PPS) Resins Market – Additional Questions Answered

In addition to the aforementioned insights, the polyphenylene sulfide (PPS) resins market report covers an all-inclusive analysis of important market facets that hold significant influence on the growth of the polyphenylene sulfide (PPS) resins market. A thorough analysis as such can answer some of the bemusing questions of the business professionals interested in the polyphenylene sulfide (PPS) resins market.

What will be the volume consumption of the polyphenylene sulfide (PPS) resins market in 2019?
How will the supply-demand scenario will impact the growth of the polyphenylene sulfide (PPS) resins market during the forecast period?
Which application will register largest consumption of polyphenylene sulfide (PPS) resins market by the end of the forecast period?
Which region will register highest consumption of polyphenylene sulfide (PPS) resins in 2019?
How will be the impact of the regulatory framework on the growth of the polyphenylene sulfide (PPS) resins market during the forecast?
Have Any Query?? Ask Our Industry Expert:

https://www.factmr.com/connectus/sample?flag=AE&rep_id=2473

11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polyphenylene Sulfide Resins Market Assessment and Forecasts Illuminated by New Report || Key Players: Fortron Industries LLC, Zhejiang NHU Special Materials Co. Ltd., Chengdu Letian Plastics Co. Ltd., and Lion Idemitsu Composites. here

News-ID: 1807913 • Views:

More Releases from Factmr

Liquid Crystal Polymer (LCP) Market: Projected Growth to US$ 2.3 Billion by 2033
Liquid Crystal Polymer (LCP) Market: Projected Growth to US$ 2.3 Billion by 2033
A valuation of US$ 1.4 billion is anticipated for the global liquid crystal polymer (LCP) market in 2023, and it is projected to rise at a CAGR of 5.1% to reach US$ 2.3 billion by the end of 2033. The market for liquid crystal polymers (LCP) has grown significantly over the past several years as a result of the rising need for high-performance materials across a variety of sectors, including electronics,
Solid-State Battery Market: Growth to US$ 1,497.1 Million by 2033
Solid-State Battery Market: Growth to US$ 1,497.1 Million by 2033
The global solid-state battery market is estimated to be valued at US$ 121.0 million in 2023 and to grow at a CAGR of 28.6% to reach a valuation of US$ 1,497.1 million by the end of 2033. In the quest for sustainable energy solutions, solid-state batteries have emerged as a promising technology with the potential to revolutionize energy storage markets. Unlike traditional lithium-ion batteries, solid-state batteries employ solid electrolytes, offering numerous
Offshore Support Vessel Service Market Poised to Double by 2034
Offshore Support Vessel Service Market Poised to Double by 2034
The global offshore support vessel service market size is set to account for a valuation of US$ 14.35 billion in 2024 and forecasted to reach US$ 29.03 billion by 2034-end, expanding at a robust 7.3% CAGR between 2024 and 2034. Offshore Support Vessels (OSVs) stand as the backbone of the global offshore energy industry, facilitating crucial operations for oil and gas exploration, construction, maintenance, and logistics. As the industry continually evolves
Bone Marrow Transplantation Market to Reach US$ 16 Billion by 2034
Bone Marrow Transplantation Market to Reach US$ 16 Billion by 2034
The global bone marrow transplantation market size is set to account for a valuation of US$ 11.17 billion in 2024 and is projected to expand at 3.7% CAGR through 2034. As a result, worldwide revenue from bone marrow transplantation is projected reach US$ 16 billion by 2034-end. In the realm of modern medicine, bone marrow transplantation stands as a beacon of hope for patients grappling with life-threatening blood disorders, cancers, and

All 5 Releases


More Releases for PPS

PPS Celebrates Carbon Neutral Status
PPS Midlands Ltd, the UK's leading supplier of Returnable Equipment Solutions, has underlined its ongoing commitment to sustainability by becoming an officially accredited carbon neutral business. Partnering with Carbon Neutral Britain, The PPS Group has offset its carbon emissions for 2021 via a range of approved sustainable projects that contribute towards protecting the environment and supporting communities across the world. Speaking upon receipt of the certificate confirming the PPS Group's
Newer Grades of PPS Compounds is Expected to Gain Immense Traction and Bolster D …
250 Pages PPS Resin Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider Latest industry survey by Fact MR, predicts PPS Resin sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges. The market intelligence
PPS Screws Industry Outlook and Overview 2020-2025
This report also researches and evaluates the impact of Covid-19 outbreak on the PPS Screws industry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on PPS Screws and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.). Global PPS Screws Market Overview: GLOBAL INFO RESEARCH has evaluated the global PPS Screws market in its latest research report. The research report, titled [Global
PPS Compounds Market by Application, Type, Region - 2020
" Los Angeles, United States, April, 2020, QY Research has acquired great experience in market research and has been producing reports offering critical analysis of various markets with quality and accuracy. Our market analysts utilize various research methodologies to offer precise and reliable information to the market players to effectively design new growth strategies with an aim to strengthen their presence in the market. They also provide various SWOT and PESTLE
PPS Resin Market: Competitive Dynamics & Global Outlook 2024
Market Research Report Store offers a latest published report on PPS Resin Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. According to this study, over the next five years the PPS Resin market will register a 7.7% CAGR in terms of revenue, the global market size will reach US$ 976.1 million by 2024, from US$ 725.9 million in 2019. In
Global PPS Filter Bags Market Growth 2019-2024
LP INFORMATION offers a latest published report on PPS Filter Bags Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. According to this study, over the next five years the PPS Filter Bags market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019.