Polyphenylene Sulfide Market–Market Overview
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- Competitive Landscape
Key companies operating in the overall market are focusing towards product innovation and R&D in order to cope with specific application requirements. Major manufacturers have exoanded their production capacities to cater the burgeoning demand in Asia Pacific and Latin America. Companies such as Celanese Corporation and Toray Industries are some of the prominent industry participants focusing on strengthen their distribution network
Industry/ Innovation/ Related News:
August, 2017- Toray Industries, Inc. announced the setup of PPS compound production plant in Hungary under the site of Zoltek Companies, Inc. which will hold yearly production output of 3,000 tons. The initiative is expected to strengthen the company’s distribution network in Europe.
September, 2015- Celanese Corporation (NYSE: CE), announced the introduction of Celanese Polyphenylene Sulfide (PPS) in Japan to meet the evolving customer requirements in automotive industry and cater to the rising demand from electrical & electronics industry.
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