Press release
Demand of polyphenylene sulfide for aerospace and defense applications is set to add 2X more value during forecast period 2019 to 2029
Polyphenylene Sulfide (PPS) Resins Market
Notable advancements such as high consumption of PPS in hybrid electric vehicles and molding of chlorine free electronic devices is giving traction to the PPS market. Other bundled applications of PPS in industrial coatings and filtration is likely to propel demand growth. Global polyphenylene sulfide (PPS) resins market is poised to reflect a positive growth of around 6% CAGR for these sectors. Automotive would be the dominant application of polyphenylene sulfide (PPS) resins.
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Key Takeaways of Global Polyphenylene Sulfide (PPS) Market
Global polyphenylene sulfide (PPS) resins market is expected to create a value opportunity of around US$ 850 Mn during the forecast period
Use of PPS in automobiles as a replacement of metals to reduce vehicle weight has gained traction over the last decade. Further developments in advanced grade PPS for solving critical issues such as headlamp haze in vehicles will further give impetus to the global consumption of polyphenylene sulfide resins in automotive
Demand of polyphenylene sulfide for aerospace and defense applications is set to add 2X more value in 2029 as compared to 2019
Asia Pacific except Japan (APEJ) is expected to maintain its reign in terms of demand, accounting for more than half of global polyphenylene sulfide demand
Polyphenylene sulfide production in North America and Japan is in the state of overproduction, thus manufacturers from these regions are targeting growth opportunities in countries such as China
Global polyphenylene sulfide (PPS) resins market is highly consolidated, with Solvay SA, Toray Industries Inc., DIC Corporation and Fortron Industries LLC, among the top players of the market
This Press Release will help you to understand the market Statistics of the European Region.
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“Use of PPS in automobile applications will emerge as a significant revenue stream for polyphenylene sulfide (PPS) resins manufacturers. Growing demand for light-weight, high performance plastics for specialized applications that require a combination of extraordinary properties and high efficiency, will strengthen the demand for polyphenylene sulfide (PPS) resins.” says a Fact.MR analyst
Players Eye Lucrative Expansions to Hold Their Market Share
Fierce competition amongst the key players has led to several capacity expansions in the last few years. Matured markets in US and Japan have forced players to shift manufacturing facilities to other countries. Further, owing to global overcapacity, the market will continue to remain highly competitive. However, it is expected that key stakeholders will adjust production capacity and exert price discipline to avoid significant price erosion from their margins.
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More Valuable Insights on Polyphenylene Sulfide (PPS) Resins Market:
Fact.MR, in its new offering, presents an unbiased analysis of the polyphenylene sulfide (PPS) resins market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029. The study divulges essential insights on the polyphenylene sulfide (PPS) resins market on the basis of application (electrical & electronics, automotive, aerospace & defense, industrial, filters & filter bags, coatings and others) across six major regions of the world.
About the Chemical & Materials Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations – the Chemical & Materials team at Fact.MR assists clients with unique business intelligence needs on a global level. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the Chemical & Materials industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to us to know how we can help.
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