The Global Polyphenylene Sulphide Market was valued at USD 1.06 billion in 2015 and is projected to reach USD 1.85 billion by 2020, at a CAGR of 9.73% during the forecast period from 2015 to 2020. In terms of volume, Global consumption of PPS was 92 thousand metric tons and is projected to reach 145 thousand metric tons by 2020, growing at a CAGR of 7.88% during the forecast period from 2015 to 2020.
Polyphenylene Sulphide (PPS) is a partially crystalline, high temperature performance polymer which exhibits exceptional chemical resistance, thermal stability, dimensionally stability, and fire resistance. PPS's extreme inertness toward organic solvents, and inorganic salts and bases make for outstanding performance as a corrosion-resistant coating suitable for contact with foods.
PPS finds wide range of application in Automotive, Electrical & Electronics, Healthcare, Industrial, Aerospace & defense and other Engineering Equipment manufacturing Industries.
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In terms of volume, Automotive Sector is the biggest consumer of PPS globally, with a market share of nearly 38% in 2015 and is expected to grow at a CAGR of 6.25% in the near future.
Polyphenylene Sulfide applications in automotive markets have seen strong growth mainly due to its ability to replace metal, thermosets and other types of plastic, in more demanding applications. Polyphenylene Sulfide is an ideal choice for automotive parts exposed to high temperatures, automotive fluids, or mechanical stress.
PPS is a lighter weight alternative to metals, resistant to corrosion by salts and all automotive fluids. Electrical & Electronics Sector is the second biggest consumer of PPS.
China is the biggest consumer of PPS, with a market share of nearly XX% in 2015, owing to increasing consumption of the PPS in automotive and aerospace sector. Rapid growth in the automotive industry in China on account of increasing urbanization along with increasing demand for SUVs and sedans is expected to propel market size.
Rising number of power plants in the region to meet escalating energy requirements is also expected to stimulate industry size.
The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and Middle-East & Africa. In terms of consumption in 2015, APAC led the market with a share of XX.XX%.
It was followed by North America and Europe. Due to rising population and the improvement in the financial status of the consumers, the purchasing power of the middle class consumers has increased, which in turn is increasing the demand for automobiles and textiles in the Asia-Pacific region, in turn making the region an area of immense potential and opportunities.
Growing demand of PPS automotive sector along with technical advancement in the electrical and electronics sector are the prime factors driving the market forward. However, the market is facing obstruction due to high production cost and presence of alternate substitute.
Furthermore, development of low-emission and ecofriendly PPS and its growing application in healthcare sector as well as growing health care sector in the Asia Pacific will offer numerous opportunities in the growth of the Global Polyphenylene Sulphide Market. Some of the major companies dominating this market for its products, services, and continuous product developments are DIC Corporation, Solvay Speciality Polymers, Celanese Corporation, Daicel Polymer Ltd., Shanghai Polygen Science and Technology Co., Ltd., Toray Resin Company,.
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Key Deliverables in the Study
Market analysis for the Global Polyphenylene Sulphide Market, with region-specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Polyphenylene Sulphide market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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