According to a new market report published by Credence Research “Polyphenylene Sulfide (PPS) Market — Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015–2022,” the global market for polyphenylene sulfide (PPS) was valued at US$ 0.86 billion in 2015 and is expected to reach US$ 2.0 billion by 2022, increasing to CAGR by 13.0 per cent from 2016 to 2022.
Market Insights
Polyphenylene Sulfide (PPS) is an aromatic polymer that is crystalline in nature and contains sulphide compounds. These polymers are characterized by their molecular weights. Three types of polyphenylene sulfide grades are available, including-filled resin, neat resin, and glass/mineral filled resins. All three grades have excellent chemical resistance and high-temperature stability. These polymers differ in their mechanical properties and processability. Polyphenyl sulfide, which is commercially manufactured, is segmented into linear and cross-linking processes.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/polyphenylene-sulfide-pps-market
The main drivers of the global market for polyphenyl sulfide (PPS) include growth in the Chinese automotive industry. Due to the beneficial properties of polyphenylene sulfide, such as fuel resistance, transmission and brake fluids and high temperatures, a high demand for polyphenylene sulfide from the automotive industry has been reported. It helps to increase stability and reduce weight compared to the full metal body frame. Main automotive applications include fuel system components, electrical & electronic components and induction systems, among others. Growing per capita income of people in the region has led to high demand for vehicles on the market. This has led to high growth in the automotive industry in China and Japan. Another factor contributing to the growth of the global market for polyphenylene sulfide is the increasing use of filter bags in thermal and coal power plants. As a result, there is a high demand for polyphenyl sulfide on the global market.
Competitive Insights:
Polyphenylene sulfide is used in a wide range of end-use industries. On the basis of its applications, the global polyphenylene sulfide market is segmented into electrical & electronics, automotive, industrial, coatings, filtration & filter bags and others. Filtration & filter bags accounted for a major share of the global polyphenylene sulfide market in 2014. Stringent regulations in the industrial sector have led to a high demand for polyphenylene sulfide in the market. Resistance towards mineral and alkaline acids and hydrolysis properties has contributed to the growth of filtration & filter bags globally. Electrical & electronics was the second largest application segment of polyphenylene sulfide and is expected to boost market demand in the near future. Rising demand for polyphenylene sulfide in the manufacture of electrical components is expected to boost market demand in the coming years. Other applications such as automotive, coatings, industrial and others are also projected to fuel market demand for polyphenylene sulfide during the forecast period from 2016 to 2022.
Key Trends:
- High demand from various end-use industries
- Automotive industry driving the growth of the market
- The Asia Pacific is the fastest-growing region
- Opportunities from an increase in industrial applications
Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/57825
[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]
Market Segmentation
By Application Type
- Electrical & Electronics
- Automotive
- Industrial
- Coatings
- Filtration & Filter Bags
- Others
By Geography Segment
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of World (Middle East & Africa (MEA), Latin America)
Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/57825
No comments:
Post a Comment