Polyphenylene Sulfide Market by Segment Analysis, Competitive Strategies and Forecast, 2023

Polyphenylene Sulfide Market 2018

Industry Survey, Global Trends, Market Size, Leading Play and Forecasts to 2023

PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Polyphenylene Sulfide Market 2018 Polyphenylene Sulfide Market 2018: Industry Survey, Global Trends, Market Size, Leading Players and Forecasts to 2023 • As per the analysis of MRFR, increasing demand from end-use industries such as automotive, electrical & electronics, and industrial manufacturing is set to bolster market growth over the forecast period. It is extensively utilized in the automotive application including exhaust gas return valves, carburetor parts, flow control valves, and ignition plates among others. • Superior properties exhibited by the products such as excellent creep resistance, enhanced temperature properties, high stiffness and strength, and good chemical resistance are driving polyphenylene consumption across various applications. It is also 100% recyclable, eco-friendly and a viable solution to carbon emissions. Strict environment norms aimed at reducing carbon footprints in developed economies of North America and Europe is further set to bolster market growth. Strong growth of aerospace industry in the U.S. is slated to uplift PPS market growth. It is widely utilized in applications such as ducting, ribs, panels, seat frames, fasteners, and brackets.

Additionally, rising consumption in coating industry is anticipated to remain a key factor for market growth over the forecast period.

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Polyphenylene Sulfide Market 2018 Regional Analysis The global polyphenylene sulfide market is segmented into five major regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.  The Asia Pacific is the fastest growing region in terms of value on account of the presence of a large number of automotive, and electrical and electronics industries. Countries such as China and India are the major contributors to the regional market growth due to the increasing demand for advanced and efficient automotive. The presence of renowned automotive manufacturers such as Honda, Nissan, and Toyota in Japan has fuelled the market growth in this region. High production of automobiles in countries such as Thailand and South Korea is further anticipated to favor the market growth in coming years.  North America is another substantial contributor to the global market growth owing to the mature automotive sector and growing aerospace sector. Increasing demand for the product from the established aircraft manufacturers such as Boeing, GE Aviation, Northrop Grumman in the U.S is the major driver of the market in this region.  The growth of the market is sluggish in Europe due to the stringent Government regulations for environmental safety despite the presence of coal and thermal plants in this region.  Latin America is expected to join hands with the leading region's growth in the coming future due to the growing automotive industries, especially in Mexico.

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Polyphenylene Sulfide Market 2018 Application & Major Players in this Research: Key Players for Polymer Concrete Market: • Tosoh Corporation (Japan), • TORAY INDUSTRIES, INC. (Japan), • SABIC (Saudi Arabia), • Celanese Corporation (U.S), • SK Chemicals (South Korea), • Solvay (Belgium), • Chevron Phillips Chemical Company (U.S) • Polyplastics Co., Ltd. (Japan), • DIC CORPORATION (Japan),, Haohua Honghe Chemical Co., Ltd. (China

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Polyphenylene Sulfide Market 2018 Market Segmentation The global polyphenylene sulfide market is categorized on the basis of type, applications, and region. • On the basis of the type, the market is segmented into virgin and recycled categories.

Though the recycled products are cheap, they have inferior properties, high impurities, and environmental risks. Because of these reasons, the demand for the virgin product will increase during the review period. • Based on the application segment, the global market is divided into automotive, electrical & electronics, industrial applications, filter bags, coatings, and others.

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