Metal Replacement in Automobiles and Increasing Demand for Filter Bags to Drive Growth of Polyphenylene Sulfide to Reach $2B by 2022
Thursday 18 Feb 2016
Industry Experts has unveiled the new market report on Polyphenylene Sulfide (PPS). The new market report titled ‘Polyphenylene Sulfide (PPS) – A Global Market Overview’, reveals that the Automotive sector is estimated the largest application sector with 2016 consumption of 50.4 thousand metric tons valued at US$434.5 million while Industrial applications sector is projected to emerge the largest consumer of PPS by 2019 in terms of market value with US$548.6 million surpassing the Automotive's US$536 million.
Polyphenylene Sulfide is a semi-crystalline, high performance (or high temperature) engineering plastic that possesses exceptionally high mechanical, high temperature properties and chemical resistance, rendering it to be the alternative of choice for metals and thermosets. Commercially, PPS is available in different forms and grades such as compounds, fibers, filaments, films and coatings. PPS resin is generally reinforced with various reinforcing materials, specifically glass fibers, in order to improve its mechanical and thermal properties. Such compounds primarily find application in injection molding processes. Unfilled PPS resin can be melt spun and melt blown to produce fibers and fabrics that are used for conveyor belts, flame-resistant clothing and filtration media. PPS resin is also made into films and coatings.
The polyphenylene sulfide market study reviews, analyzes and projects the global market for polyphenylene sulfide for the period 2012-2022 while discussing the global PPS resin installed capacities. Global market for polyphenylene sulfide product types analyzed in the report include PPS compounds and other PPS products such as fibers, films and coatings.
Market for polyphenylene sulfide application areas analyzed in the study include automotive, electrical & electronics, industrial and other applications. Further, the report estimates and projects the global polyphenylene sulfide market in terms of volume in metric tons and value in USD by geographic regions covering North America, Europe, Asia-Pacific and Rest of World. As a value addition, the report also discusses the global market for PPS on neat resin basis.
Global volume consumption of PPS projected to reach 189.4 thousand metric tons, valued at US$2 billion by 2022 at a CAGR of 7.7% between 2016 and 2022. Automotive forms the largest application of PPS in terms of volume consumed, with a market share of 41.5% in 2016 and is expected to maintain a 2016-2022 CAGR of 6.6%. However, the fastest volume CAGR of 11.2% over the same period is likely to be recorded by industrial applications of PPS, the market for which is projected to stand at 59.7 thousand metric tons in 2022. The growth in industrial applications is mainly attributed to the Asia-Pacific region, led by China, where PPS consumption in filter bags and coatings is expected to witness high growth during 2016-2022 period.
This 236 page global PPS market research report includes 115 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region, product type and end-use applications of PPS. This report profiles 21 key global players and 32 major players including PPS resin manufacturers and PPS compounders across the North America – 8; Europe – 9 and Asia-Pacific – 15. The profiles include business overview, product portfolio, PPS resin capacities, addresses, contact numbers and the website addresses.
Hyderabad, India based Industry Experts is a multi industry focused business information provider.
For more details, please visit http://industry-experts.com/verticals/chemicals-and-materials/polyphenylene-sulfide-pps-a-global-market-overview