Polyphenylene Sulfide (PPS) Market is projected to reach USD 1490 million by 2021

“Polyphenylene Sulfide (PPS) Market | Research Cosmos”
It is expected that the demand for PPS in the automotive sector will grow strongly due to its use in exhaust return valves, carburettor parts, ignition plates and flow control valves for heating systems.

Polyphenylene Sulfide (PPS) Market Overview:

Polyphenylene sulfide (PPS) is a semi-crystalline high temperature engineering plastic, which is widely accepted in various industries for its outstanding characteristics, such as high mechanical strength, high temperature and chemical resistance. These properties of the PPS make it an alternative choice for various metals and thermosets. The demand for PPS has increased significantly in various applications, such as automotive components, filter bags in coal boilers, and electrical and electronic products. Polyphenylene sulfide or PPS can be purchased in various forms and grades, including fibers, films, coatings, filaments and composites. The unfilled PPS resin can be melt-spun or melt-blown to provide fabrics and fibers for use in clothing, filter media and flame-resistant transport belts. Various reinforcing materials, such as glass fibers, help strengthen the polyphenylene sulfide to improve its thermal and mechanical properties. PPS is generally applied in injection molding processes and can even be processed in films and coatings.

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Polyphenylene Sulfide (PPS) Market was valued at USD 1260 million in 2016 and projected to reach USD 1490 million by 2021 growing at a CAGR of 5.93% during the forecast period 2016 to 2021.

Drivers and Restraints:

It is expected that the demand for PPS in the automotive sector will grow strongly due to its use in exhaust return valves, carburettor parts, ignition plates and flow control valves for heating systems. Polyphenylene sulfide has various properties including creep resistance, high rigidity and strength, excellent thermal properties and good chemical resistance. It is expected that its application in general industries, such as components and grills of hair dryers, kitchen appliances and laboratory, dental and serializable dental equipment, will strengthen the market’s growth during the foreseen period. It is expected that the increased use of the product in a wide range of automotive components, including cooling systems, engine components, transmission components, switches and pistons, will drive growth in the sector. The growing demand for PPS due to its high resistance to corrosion, temperature, chemicals, wear and radiation. The increasing use of PPS in coatings applications, since it offers superior chemical resistance, electrical properties and heat resistance, will increase the demand of the product during the forecast period. In addition, the high use of chemical products, food processing equipment and non-stick cookware is expected to increase product use over the next eight years. However, the growing demand for alternatives, such as polyamide, PEEK, and the volatility of commodity prices are expected to hamper the growth of the sector during the forecast period.

Geographic Segmentation:

In 2015, Asia Pacific represented the largest market share in terms of volume. The strong demand in Asia-Pacific and the growing consumption of PPS filter bags will be the main determinants of the global market during the forecast period. China is one of the main global consumers of PPS with a higher demand for filter bags.

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Key Players of Polyphenylene Sulfide (PPS) Market:

The players profiled in the Polyphenylene Sulfide (PPS) Market report are DIC Corp. (Japan), Tosoh Corp. (Japan), Toray Industries Inc. (Japan), Kureha Corp. (Japan), Solvay SA (Belgium), Fortran Industries LLC (U.S.), China Lumena New Materials Corp. (China), Initz Co. Ltd (South Korea), Zhejiang NHU Special Materials (China), and Lion Idemitsu Composites Co. Ltd. (Japan).

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