Polyphenylene sulfide (PPS) is an organic polymer consisting of aromatic rings linked with sulfides. Synthetic fiber and textiles derived from this polymer are known to resist chemical and thermal attack. The market for polyphenylene sulfide is anticipated to expand at a CAGR of 13.2% during the forecast period from 2018 to 2024. The global polyphenylene sulfide market was valued at US$ 1.09 Bn in 2016.
The major factors driving the global polyphenylene sulfide (PPS) market include the growth in the Chinese automobile industry. Due to the beneficial properties of polyphenylene Sulfide such as resistance to fuel, transmission and brake fluids and high temperatures, high demand is reported for polyphenylene sulfide from the automotive industry. It helps in increased stability and weight reduction in comparison to the full metal body framework. The vital automotive applications include fuel system parts, electrical & electronic components and induction systems among others. Growing per capita income of people in the region has led to high demand for vehicles in the market. This has led to high growth of automotive industry in China and Japan. Another factor contributing to the growth of global polyphenylene sulfide market is the increasing use of filter bags in thermal and coal power plants. Hence, high demand is experienced for polyphenylene sulfide in the global market.
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The polyphenylene sulfide market is moderately fragmented; it is dominated by large and medium polyphenylene sulfide companies. Many small and medium companies involved in the production of polyphenylene sulfide and process algae are located across the globe. Key players in the market include Toray, SK Chemicals, Celanese Corporation, DIC Corporation, Solvay, Tosoh Corporation, Kureha Corporation, Chengdu Letian Plastic Co. Ltd., ALBIS, and SABIC. Companies are adopting aggressive marketing tactics and investment in research and development facility to remain competitive in the market.
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Polyphenylene sulfide Market research report, the central factors driving the development of this market were documented and the business accomplices and end administrators were indulgent. The configuration of the business division, examples, and difficulties monitoring the market globally are likewise a bit of this wide examination. Various conferences and gatherings were driven by the perceptible pioneers of this industry to get enduring and revived experiences concerned to the market.
Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Polyphenylene sulfide market’s trajectory between forecast periods.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Polyphenylene sulfide market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Polyphenylene sulfide market
Table of Contents
Global Polyphenylene sulfide Market Research Report
Chapter 1 Polyphenylene sulfide Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Polyphenylene sulfide Market Forecast
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