Polyphenylene Sulfide Market Growth, Share and Global Analysis 2023

Polyphenylene Sulfide Market Industry Size, Trends, Share, Top Palyers and Forecast to 2023

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Polyphenylene Sulfide Market Polyphenylene Sulfide Market 2018: Industry Size, Trends, Share, Top Palyers and Forecast 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 Market Segmentation The global polyphenylene sulfide market is segmented on the basis of type, applications, and region.

Based on the type, the market is segmented into virgin and recycled type. The virgin type PPS is costly and contains lesser impurities and environmental risks as compared to the recycled type.

By the application, the market is categorized into automotive, electrical & electronics, filter bags, industrial applications, aerospace, coatings, and others.

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Polyphenylene Sulfide Market Major Players in this Research: Key Players for Polyphenylene Sulfide Market: • Tosoh Corporation • TORAY INDUSTRIES, INC. • Celanese Corporation • SK Chemicals • SABIC • Solvay • KUREHA CORPORATION • Polyplastics Co., Ltd. • Chevron Phillips Chemical Company • Haohua Honghe Chemical Co., Ltd. • Kotec Corporation

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Polyphenylene Sulfide Market Regional Market Analysis The global polyphenylene sulfide market is segmented into five key regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. The Asia Pacific is projected to witness a significant growth in the polyphenylene sulfide market in terms of value during the review period. The presence of major automobile manufacturing industries in countries such as China, India, and Japan is favoring the market growth in this region.

North America holds a major share of the global market on account of the developed automotive sector and advancing aerospace sector. Major aerospace manufacturers such as Boeing, GE Aviation, and others are located in the U.S., which is driving the market growth positively. In 2015, Canada’s aerospace manufacturing industry was ranked 5th in terms of GDP. Europe is expected to exhibit sluggish growth owing to the stringent rules and regulations for environmental safety due to the rising habitat hazards despite the presence of large numbers of cola and thermal plants in this region.

However, the aerospace industries in countries such as Germany and France pace the market growth.

Lastly, Latin America is projected to show a substantial market growth during the forecast period. The high production of automobiles in countries such as Mexico is the key driver fuelling the market growth in this region.

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