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Global Polyphenylene Sulfide (Pps) Market Report 2019 | Analysis Forecast 2026 | DIC CORPORATION, Solvay, LION IDEMITSU COMPOSITES CO.,LTD., KUREHA CORPORATION, TORAY INDUSTRIES, INC.
A persuasive Global Polyphenylene Sulfide (Pps) Market research report endows with the key information about the Polyphenylene Sulfide (Pps) industry, including very important facts and figures, expert opinions, and the latest developments across the world. The expert team, in coordination with project managers, presents the clients on every strategic aspect including product development, key areas of development, application modelling, use of technologies, the acquisition strategies, exploring niche growth opportunities and new markets. This global market report also takes into consideration the drivers and restraints for the Global Polyphenylene Sulfide (Pps) Market that are derived from SWOT analysis.
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Market Definition: Global Polyphenylene Sulfide (PPS) Market
Polyphenylene sulphide or PPS is a partial crystalline which usually have high melting point and excellent chemical resistant. They are mainly used as high performance thermoplastics. They are usually used for electrical insulation, coal boiler, film capacitors, gaskets, specialty membrane and others in filter fabrics. Linear PPS and Cross- linked PPS are two of the major types of the PPS. There toughness increases at high temperature due to which they are widely used as substitute of metal in electronic, automotive and other industries.
Market Analysis: Global Polyphenylene Sulfide (PPS) Market
Global polyphenylene sulfide (PPS) market is expected to rise to an estimated value of USD 2677.48 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. Technological development in electrical and electronic industry and increasing product development is the factor for the growth of this market.
Market Drivers:
Growing electric vehicle demand is fuelling the growth of this market
Rising usage of PPS in filter and filter bag applications is another factor driving the market growth
Increasing government support will also propel the growth of the market
Rising demand for PPS from electronic and automotive industry also contributes as a factor for the growth of this market
Market Restraints:
High production cost will restrict the market growth
Availability of substitute in the market will also hamper the market growth
Rising issues related with oversupply and capacity built can also hinder the growth of this market
Read Complete Details with TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-polyphenylene-sulfide-pps-market
Competitive Analysis:
Global polyphenylene sulfide (PPS) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polyphenylene sulfide (PPS) market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global polyphenylene sulfide (PPS) market are DIC CORPORATION, Solvay, LION IDEMITSU COMPOSITES CO.,LTD., KUREHA CORPORATION, TORAY INDUSTRIES, INC., Tosoh, SK chemicals, Chengdu Letian Plastics Co.,Ltd., Celanese Corporation, Daicel Corporation., TEIJIN LIMITED., SABIC, NHU Materials Co., LG Chem., Ryan Plastics Ltd., RTP Company, Ensinger Special Polymers, Inc., Polyplastics Co., Ltd., INITZ, PolyOne Corporation among others.
Key Developments in the Market:
In April 2019, Toray Industries announced the launch of their new polyphenylene sulfide resin which is specially designed for automobile industry. They are very flexible and are chemical and heat resistant. This will help the company to expand in various industries applications. This new PPS is a combination of technologies such as nanotechnology and polymer chemistry
In January 2015, Solvay announced that they are going to acquire Ryton PPS business from Chevron Phillips Chemical Company so that they can increase their specialised solutions portfolio. This will help the company to provide reduce the cyclicality and get higher growth and returns. This will also expand their business and will strengthen their position in the market
Inquire for further detailed information of Global Polyphenylene Sulfide (PPS) Market Report @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-polyphenylene-sulfide-pps-market
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
About Data Bridge Market Research:
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