Press release
Polyphenylene Sulfide Market To Witness Significant Growth Owing To Increased Demand From Various Sectors Including Automotive Till 2022: Grand View Research, Inc.
Growing automotive sector primarily in China, India, Mexico and the U.S. on account of favorable government policies along with presence of big players in the market is expected to drive demand. Volatility in raw material prices may challenge industry growth over the next seven years.
Technological advancements for the development of eco-friendly, inexpensive, and low VOCs products along with addition of new production capacities by prominent players including DIC and Toray is further expected to open new market opportunities over the next seven years.
Further key findings from the report suggest:
• Global polyphenylene sulfide (PPS) market demand was over 80,000.0 tons in 2014 and is expected to reach above 140,000.0 tons by 2022, growing at a CAGR of 7.3% from 2015 to 2022.
• Automotive application was valued over USD 250 million in 2014 and will witness substantial rise in light of increasing automobile industry in the U.S., Mexico, India and China. High demand for various products including seat frames, ducting, panels, brackets, ribs and fasteners will fuel growth.
• North America accounted for over 20% of the global volume in 2014 and is expected to witness significant growth over the next seven years on account of growing automotive and aerospace sector in the region. Rising automotive production mainly in Mexico along with leading automobile companies including Nissan, Honda Motors and Mazda will spur industry expansion.
• Key industry players include Toray Industries, SK Chemicals, Celanese Corporation Lumena, DIC, Solvay, Tosoh Corporation, Lion Idemitsu Composites Co. Ltd, NHU, Kureha Corporation and SABIC. Various companies are involved in continuous R&D and ongoing product development to enhance properties of PPS.
• In September 2014, Solvay signed an agreement to purchase Ryton PPS business from Chevron Phillips Chemical Company for USD 220 million in order to expand its high-performance polymers products and strengthen business presence. The company is expected to purchase PPS resin manufacturing units in Borger, Texas; Bartlesville, Oklahoma, and Kallo-Beveren, Belgium.
Grand View Research has segmented the global polyphenylene sulfide (PPS) market on the basis of application and region:
Global PPS Application Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
• Automotive
• Electronics & Electrical
• Industrial
• Coatings
• Others
Global PPS Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2022)
• North America
o U.S.
• Europe
o Germany
• Asia Pacific
o Japan
o China
• RoW
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Press Contact
Sherry James - Corporate Relations Specialist
28 2nd Street, Suite 3036
San Francisco, CA 94105
United States
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
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 Market To Witness Significant Growth Owing To Increased Demand From Various Sectors Including Automotive Till 2022: Grand View Research, Inc. here
News-ID: 374988 • Views: …
More Releases from Grand View Research, Inc.
Generative AI Market Size, Share, And Industry Outlook Report, 2030
Generative AI Market Growth & Trends
The global generative AI market size is anticipated to reach USD 109.37 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 37.6% from 2025 to 2030. Growing demand to modernize workflow across industries is expected to drive the demand for generative AI applications among industries. Other factors that propel the market growth include the evolution of AI…
Maternal Mental Health Market To Reach $45.72 Billion By 2030 | Therapy Mama, Ca …
The global maternal mental health market size is expected to reach USD 45.72 billion by 2030, growing at a CAGR of 28.43%, according to a new report by Grand View Research, Inc. Maternal mental health issues are a global concern that affects women of various countries and cultures. It refers to the emotional well-being of women during the pregnancy and postpartum period. The market is driven by the increasing incidence…
Downstream Processing Market Size, Share & Trends Analysis Report, 2030
The global downstream processing market size is expected to reach USD 94.79 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.84% from 2023 to 2030. The capacity requirements during the development of biologic drugs have changed over the past few years, wherein the demand for manufacturing high-volume products has shifted to developing small-volume, high-potency…
Electric Mobility Industry: E- Light Commercial Vehicle Thereby Contributing To …
The global electric mobility industry size stood at USD 101.67 billion in 2022 and will exhibit a CAGR of 19.9% from 2023 to 2030, according to the "Electric Mobility Industry Data Book, 2023 - 2030," published by Grand View Research. The growth comes on the back of an exponential rise in smart cities and a gradual uptick in charging infrastructure. Further, the strong outlook of electric mobility will rely on the launch…
More Releases for PPS
Linear PPS And Cross-linked PPS Market Size by Type, Application, and Regional O …
USA, New Jersey- According to Market Research Intellect, the global Linear PPS And Cross-linked PPS market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The linear PPS (Polyphenylene Sulfide) and cross-linked PPS market is witnessing steady growth due to the increasing demand for high-performance polymers in…
Silicone Powder: Revolutionizing PPS Plastic Applications
Introduction
Silicone powder [https://www.siliketech.com/silicone-powder/], also known as silica powder, has been making waves in the world of plastics engineering. Its unique properties and versatility have led to its widespread application in various plastic materials, including PPS (polyphenylene sulfide). In this blog, we will delve into the revolutionary impact of silicone powder on PPS plastic applications, exploring its benefits, challenges, and future prospects.
Improved Flowability and Moldability
Silicone powder also plays a crucial role…
Linear PPS and Cross-linked PPS Market Growth Opportunities by 2029 |
LOS ANGELES, United States: The global Linear PPS and Cross-linked PPS market is analyzed in quite some detail in the report with a strong focus on the competitive landscape, segmentation, market dynamics, and regional market expansion. The report includes a thorough assessment of the business of key players operating in the global Linear PPS and Cross-linked PPS market. With deeper qualitative and quantitative analysis of the global Linear PPS and Cross-linked…
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 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…
