Impact of Covid-19 on Polyphenylene Sulfide (PPS) Market revenue strategy 2020 | Tosoh Corporation, Fortron Industries LLC, Medacta, CONMED, Kinamed Inc., etc.

The Global Polyphenylene Sulfide (PPS) Market is forecasted to reach USD 2.17 Billion by 2026, according to a new report by Reports and Data. PPS is utilized in the manufacture of different electronics components, like connectors, micro switches, coil formers, HDD actuators, circuit breakers, relay components, brush holders, bobbins, motor housing, thermostat parts, and many other things. This products will augment the demand for PPS. The market is expected to witness a rise in demand owing to the increasing application from sectors like electronics, automotive, aerospace and industrial. The product is consumed in high-temperature applications, due to its superior performance and mechanical characteristics.

The study assesses the impact of the COVID-19 pandemic on the global economy. The outbreak has drastically affected the current business landscape and, subsequently, manufacturers and buyers. The report discusses its impact on the existing scenario as well as speculations about the post-COVID-19 scenario.

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Key participants include DIC Corporation, Solvay S.A., Lion Idemitsu Composites Co. Ltd., Kureha Corporation, Tosoh Corporation, Fortron Industries LLC, Medacta, CONMED, Kinamed Inc., and ConforMIS among.

The product is completely recyclable; it reduces emission levels and increases fuel economy. All these factors are expected to drive the market. It is also preferred more over metals because of its weight reduction. Use of PPS as filter bags in coal-fired power plants is forecasted to boost the market. The need for low emissions, higher fuel economy, and reduction in vehicle’s weight is expanding the automotive industry in countries like China, India, and Brazil and will propel the demand for the market.

Asia Pacific holds the largest market share in 2018. China has the largest market for PPS but is mainly depended on imports for demand. Market players are expanding in the country by installing compounding plants. Japan is the largest producer for PPS globally. Japan along with the US has been manufacturing more than there is demand for PPS. The country is expanding in China by setting up new plants. Players have been operating at low costs to create future demand.

For the purpose of this report, Reports and Data have segmented the global Polyphenylene Sulfide (PPS) Market on the basis of Type, Recyclability, Application, End Users and Region:

End Users Outlook (Revenue, USD Billion; 2018-2026)
Healthcare
Automobiles
Textiles
Aerospace and Defense
Business Equipment
Construction and Buildings
Engineering Equipment

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Regional Outlook (Revenue, USD Billion; 2018-2026)
North America
Europe
Asia Pacific
MEA
Latin America

Type Outlook (Revenue, USD Billion; 2018-2026)
Linear PPS
Cross-Linked PPS

Recyclability Outlook (Revenue, USD Billion; 2018-2026)
Virgin
Recycled

Application Outlook (Revenue, USD Billion; 2018-2026)
Automotive
Electrical & Electronics
Industrial
Filter Bags
Aerospace
Coatings
Others

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Further key findings from the report suggest

1. PPS coatings are applied using methods such as the electrostatic coating on cold or hot surfaces, as slurry coating, fluidized bed coating, and powder flocking. PPS coatings application is limited by large surfaces as they cannot be accommodated in the oven.

2. Environmental concerns and cost savings is encouraging manufacturers to use recycled PPS, but the implementation of environmental regulations on its use will propel the market for virgin PPS.

3. Virgin holds a market share of 51% in the year 2018. The decrease in the price of virgin PPS globally will increase its demand.

4. Rapid industrialization and urbanization in the APAC region are driving the PPS market in automotive applications.

5. Asia Pacific holds the largest market share of 36% in the year 2018 owing to the fact that China and Japan are the leading regions of PPS.

Key selling points of this research study

1. The study gives an in-depth evaluation of the evolving competitive scenario that gives the reader/client a competitive edge.

2. It offers a holistic view of all critical aspects boosting or limiting the growth of the sector

3. The market intelligence report derives an eight-year forecast, including historical, contemporary, and potential market prospects, projecting the estimated progress of the market.

4. It aids informed decision-making by offering an exhaustive database of the pivotal market segments and sub-segments.

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