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Demand for Polyphenylene Sulfide Grades Is Projected to Grow at 6.1% CAGR through 202
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Posted on August 9, 2021
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Fact.MR report tracks the polyphenylene sulfide (PPS) resins market for the period 2019-2027. According to the report, the Demand for polyphenylene sulfide resins market is projected to grow at 6.1% CAGR through 2027.
Polyphenylene sulfide (PPS) resins consumption is likely to surpass 93.7 thousand tons in 2019, according to Fact.MR’s new study. The sales of polyphenylene sulfide (PPS) resins market grew at a 5.3% in 2018, with overall growth driven by,
- Exponentially rising demand in the automotive industry
- Major production capacity expansion projects by prominent players
- Introduction of new grades of polyphenylene sulfide (PPS) resins
- Indispensable role of polyphenylene sulfide (PPS) in multiple demanding applications
Engineering thermoplastic polymers have acquired a special position across industries owing to their unique functionalities that accommodate current demand for recyclability and sustainability. Polyphenylene sulfide (PPS) fits well in this demand wherein the polymer has replaced metal and other thermosets considerably in multiple applications.
For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=2473
Despite competition from many thermoplastic polyesters and high-performance thermoplastics, the exceptional chemical and heat resistance of polyphenylene sulfide (PPS) differentiates the polymer.
Polyphenylene sulfide (PPS) resins demand has skyrocketed in past decades, majorly due to buoyancy in the automotive industry post the great recession of 2008. Fact.MR study estimates that the automotive industry registered nearly 49% of the global polyphenylene sulfide (PPS) resin consumption in 2018. The industry will continue to present significant demand for polyphenylene sulfide (PPS) resin in the future.
In particular, polyphenylene sulfide (PPS) resins will be highly sought-after in electric and hybrid vehicles. For their higher thermal resistance, PPS resins are being incorporated in electric auto parts that run at high temperatures such as lithium-ion batteries, electric motor wires, insulation films and other electric parts.
Well aware of the projected demand rise for polyphenylene sulfide (PPS) resins in the future, prominent manufacturers of PPS resins are actively engaged in expansion of production capacities and introduction of new PPS grade materials.
Share Your Requirements & Get Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=2473
Prominent companies operating in the global polyphenylene sulfide (PPS) resins market
- Solvay SA
- Toray Industries
- Kureha Corporation
- Fortron Industries LLC
- DIC Corporation
- Initz Co. Ltd.
Global Polyphenylene Sulfide (PPS) Resins Market: Segmentation
| Application |
|
| Region |
|
Following Questions Answers Covered in the Report are:
- How will the global Polyphenylene Sulfide (PPS) Resins Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Polyphenylene Sulfide (PPS) Resins Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Polyphenylene Sulfide (PPS) Resins Market?
- How will these strategies influence the market growth and competition?
Access Research Methodology Prepared By Experts – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2473
Industrial Application of PPS Resins to Grow at 6.8% in 2019
Fact.MR shows that consumption of polyphenylene sulfide (PPS) resins in industrial applications is projected to rise rapidly. PPS resins have, to a greater extent, replaced metal alloys, multiple thermoplastics and thermosets in mechanical engineering applications. Introduction of new grades of polyphenylene sulfide (PPS) resins for specific industrial applications is likely to boost the demand for PPS resin in the coming years.
The study finds that demand for PPS resins is second largest in the electrical and electronics industry. Owing to their good electrical properties, PPS resins find increasing application in electronic components such as connectors, coils, relay components, sockets of moulded bulbs, switch components, thermostat parts and sensors.
Greater China Consumed 40% of the Global Polyphenylene Sulfide (PPS) Resins in 2018
According to the study, APEJ accounted for nearly 45% of the global polyphenylene sulfide (PPS) resins in 2018. Major consumption remains consolidated in Greater China which accounted for about 40% of the global PPS resin demand in 2018.
China with its largest coal fleet as well as largest number of heavy capacity coal plants present significant demand for PPS filter bags, thereby accounting for a considerable demand for PPS resins. As one of the leading CO2 emitter and coal consumer, China is likely to take efforts in mitigating climate issues in the future, thereby presenting lucrative opportunities for polyphenylene sulfide (PPS) resins in the future.
Japan, while hosting few of the largest producers of polyphenylene sulfide (PPS) resins, continues to be one of the leading producers globally. The country presents significant consumption as well as exports of PPS resins to global countries. In addition, Japanese manufacturers are actively engaged in regional expansion strategies to establish a strong foothold in potential markets.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
Fact.MR report tracks the polyphenylene sulfide (PPS) resins market for the period 2019-2027. According to the report, the Demand for polyphenylene sulfide resins market is projected to grow at 6.1% CAGR through 2027.
Polyphenylene sulfide (PPS) resins consumption is likely to surpass 93.7 thousand tons in 2019, according to Fact.MR’s new study. The sales of polyphenylene sulfide (PPS) resins market grew at a 5.3% in 2018, with overall growth driven by,
- Exponentially rising demand in the automotive industry
- Major production capacity expansion projects by prominent players
- Introduction of new grades of polyphenylene sulfide (PPS) resins
- Indispensable role of polyphenylene sulfide (PPS) in multiple demanding applications
Engineering thermoplastic polymers have acquired a special position across industries owing to their unique functionalities that accommodate current demand for recyclability and sustainability. Polyphenylene sulfide (PPS) fits well in this demand wherein the polymer has replaced metal and other thermosets considerably in multiple applications.
For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=2473
Despite competition from many thermoplastic polyesters and high-performance thermoplastics, the exceptional chemical and heat resistance of polyphenylene sulfide (PPS) differentiates the polymer.
Polyphenylene sulfide (PPS) resins demand has skyrocketed in past decades, majorly due to buoyancy in the automotive industry post the great recession of 2008. Fact.MR study estimates that the automotive industry registered nearly 49% of the global polyphenylene sulfide (PPS) resin consumption in 2018. The industry will continue to present significant demand for polyphenylene sulfide (PPS) resin in the future.
In particular, polyphenylene sulfide (PPS) resins will be highly sought-after in electric and hybrid vehicles. For their higher thermal resistance, PPS resins are being incorporated in electric auto parts that run at high temperatures such as lithium-ion batteries, electric motor wires, insulation films and other electric parts.
Well aware of the projected demand rise for polyphenylene sulfide (PPS) resins in the future, prominent manufacturers of PPS resins are actively engaged in expansion of production capacities and introduction of new PPS grade materials.
Share Your Requirements & Get Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=2473
Prominent companies operating in the global polyphenylene sulfide (PPS) resins market
- Solvay SA
- Toray Industries
- Kureha Corporation
- Fortron Industries LLC
- DIC Corporation
- Initz Co. Ltd.
Global Polyphenylene Sulfide (PPS) Resins Market: Segmentation
| Application |
|
| Region |
|
Following Questions Answers Covered in the Report are:
- How will the global Polyphenylene Sulfide (PPS) Resins Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Polyphenylene Sulfide (PPS) Resins Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Polyphenylene Sulfide (PPS) Resins Market?
- How will these strategies influence the market growth and competition?
Access Research Methodology Prepared By Experts – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2473
Industrial Application of PPS Resins to Grow at 6.8% in 2019
Fact.MR shows that consumption of polyphenylene sulfide (PPS) resins in industrial applications is projected to rise rapidly. PPS resins have, to a greater extent, replaced metal alloys, multiple thermoplastics and thermosets in mechanical engineering applications. Introduction of new grades of polyphenylene sulfide (PPS) resins for specific industrial applications is likely to boost the demand for PPS resin in the coming years.
The study finds that demand for PPS resins is second largest in the electrical and electronics industry. Owing to their good electrical properties, PPS resins find increasing application in electronic components such as connectors, coils, relay components, sockets of moulded bulbs, switch components, thermostat parts and sensors.
Greater China Consumed 40% of the Global Polyphenylene Sulfide (PPS) Resins in 2018
According to the study, APEJ accounted for nearly 45% of the global polyphenylene sulfide (PPS) resins in 2018. Major consumption remains consolidated in Greater China which accounted for about 40% of the global PPS resin demand in 2018.
China with its largest coal fleet as well as largest number of heavy capacity coal plants present significant demand for PPS filter bags, thereby accounting for a considerable demand for PPS resins. As one of the leading CO2 emitter and coal consumer, China is likely to take efforts in mitigating climate issues in the future, thereby presenting lucrative opportunities for polyphenylene sulfide (PPS) resins in the future.
Japan, while hosting few of the largest producers of polyphenylene sulfide (PPS) resins, continues to be one of the leading producers globally. The country presents significant consumption as well as exports of PPS resins to global countries. In addition, Japanese manufacturers are actively engaged in regional expansion strategies to establish a strong foothold in potential markets.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com