Market Overview
Polyphenylene sulfide (PPS) is an organic polymer consisting of aromatic rings linked with sulfides. The distinguished properties of PPS such as flame retardant, chemical resistant, corrosion resistant, dimensional stability, and low moisture absorption are responsible for substitution of heavy metals, mainly required in major end-use industries such as automotive and aerospace.
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The surging demand for the product in the automotive and electrical industry is expected to propel the market growth during the forecast period. The increased fuel efficiency and weight reduction potential using PPS in automotive are one of the major drivers of the global polyphenylene sulfide market. Additionally, increasing consumption of the product in electrical and electronic appliances such as non-stick cookware, fans & blowers, and hairdryer components are likely to favor the market growth. It is an entirely recyclable, environment-friendly compound and a fine alternative to other polymers such as epoxy, ABS, PTFE, PEI, PVDF, and others.
Competitive Analysis
Some of the major market players in the global polyphenylene sulfide market are Tosoh Corporation (Japan), TORAY INDUSTRIES, INC. (Japan), Celanese Corporation (U.S), SK Chemicals (South Korea), Solvay (Belgium), KUREHA CORPORATION (Japan), Polyplastics Co., Ltd. (Japan), DIC CORPORATION (Japan), Chevron Phillips Chemical Company (U.S), Haohua Honghe Chemical Co., Ltd. (China), Kotec Corporation (Japan), TEIJIN LIMITED (Japan), NHU Materials Co. (China), SABIC (Saudi Arabia), and Aetna Plastics Corp. (U.S).
Market Segmentation
The global polyphenylene sulfide market is segmented based on type, applications, and region.
Commercially, the PPS is manufactured in two types: virgin and recycled. The virgin type PPS is costly and contains lesser impurities and environmental risks as compared to the recycled type.
Based on the application, the market is segmented into automotive, electrical & electronics, filter bags, industrial applications, aerospace, coatings, and others.
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.
List Of Tables
Table 1 World Population By Major Regions (2016 To 2030)
Table 2 Global Polyphenylene Sulfide Market: By Region, 2016-2023
Table 3 North America Polyphenylene Sulfide Market: By Country, 2016-2023
Table 4 Europe Polyphenylene Sulfide Market: By Country, 2016-2023
Table 5 Asia-Pacific Polyphenylene Sulfide Market: By Country, 2016-2023
To Be Continue……
List Of Figures
FIGURE 1 Global Polyphenylene Sulfide Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Polyphenylene Sulfide Market
FIGURE 4 Value Chain Of Global Polyphenylene Sulfide Market
FIGURE 5 Share Of Global Polyphenylene Sulfide Market In 2016, By Country (In %)
To Be Continue……
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