Polyphenylene Sulfide (PPS) Market Outlook 2014-2022: Trends, Innovations, And Future Outlook

Allied Market Research recently released a report titled "Polyphenylene Sulfide (PPS) Market," forecasting significant growth in the PPS market from 2014 to 2022. The report estimates that the market, which accounted for $982 million in 2015, is poised to reach $1,856 million by 2022, exhibiting a CAGR of 9.6% during 2016-2022. Automotive applications are expected to dominate the market, with Asia-Pacific leading in 2015 and maintaining its position throughout the study period.

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PPS is prized in automotive and electrical & electronics manufacturing for its high-performance thermoplastic properties. Its rising demand is fueled by its exceptional characteristics such as chemical and corrosion resistance, alongside easy moldability. The report focuses on current market trends and future growth opportunities in the PPS market, particularly in automotive, electrical & electronics, aerospace, industrial, medical/healthcare, and other sectors. It analyzes market trends across different regions and forecasts future growth opportunities by examining government regulations and policies, which contribute to increased consumer acceptance of PPS.

Key drivers of the global PPS market include the material's unique properties, technological advancements, and its potential to replace metals and other polymers. Increased demand for automobiles, advanced electrical & electronic products, and supportive environmental regulations are expected to further drive market growth. The report highlights the automotive sector as the leading application of PPS, followed closely by electrical & electronics, driven by advancements in both industries.

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Eswara Prasad, Team Lead, Chemical Research at Allied Market Research, notes that PPS is gaining traction in aerospace applications due to its cost-effective flammability, smoke, and toxicity performance.

Key findings from the study include:

- PPS in the automotive application segment dominated in 2015 and is projected to grow at a CAGR of 10.1%.
- China leads PPS consumption in the Asia-Pacific region, followed by India.
- Electrical & electronics application is expected to witness the highest CAGR of 10.5%.
- The U.S. is the leading market for PPS, with a CAGR of 8.7%.
- Asia-Pacific held the largest share in the global polyphenylene sulfide market in 2015 and is expected to maintain this position, driven by increased consumption in automotive and electrical & electronics industries.

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Prominent players profiled in the report include Solvay, Toray, Celanese Corporation, Tosoh Corporation, DIC Corporation, Kureha Corporation, SK Chemicals, Chengdu Letian Plastics Co Ltd., SABIC, and ALBIS.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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