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Polyphenylene Sulfide (PPS) Market Size, Growth And Segment Forecasts, 2012 To 2020: Hexa Research
Polyphenylene Sulfide (PPS) Market Size, Growth And Segment Forecasts, 2012 To 2020: Hexa Research
New Market Research Reports Title Polyphenylene Sulfide (PPS) Market Analysis, Size And Segment Forecasts To 2020 Has Been Added to HexaResearch.com Report Database.
Felton,
California,
United States of America
(prbd.net)
23/04/2015
Industry Insights
Polyphenylene sulfide (PPS) market is expected to grow over the forecast period due its application as a high performance thermoplastic (HPTPs). Global demand is expected to exceed 150 kilo tons by 2020 growing at a double digit CAGR from 2014 to 2020. HPTPs are high price and low volume polymers making them suitable for a variety of niche applications which requires superior properties. PPS is mostly compounded with glass and carbon fiber in order to improve its mechanical properties. PPS demand is mainly driven by its end use industries in emerging economies of Asia Pacific (India and China) and Latin America (Argentina and Brazil). China automobile production increased to 19.27 million in 2012 due to huge market potential and low labor cost making it an automobile manufacturing hub, which in turn will increase the demand in china over the forecast period.
A major restraint is the high price which can hamper growth of market over the forecast period. PPS market suffered a decline in demand during recession due to decrease in demand for automotive and other electrical and electronic appliances. Lumena is a major manufacturer of PPS, as of 2012 company has a production capacity of over 55,000 tons and is planning to increase it further over the next three years. DSM Engineering Plastic and China Lumena New Material Corporations have agreed on joint marketing efforts for variety of engineering plastics.
Access Full Research Report With Full TOC And Request For Sample Report On Polyphenylene Sulfide (PPS) Market at: http://www.hexaresearch.com/research-report/polyphenylene-sulfide-pps-market-analysis-segment-forecasts-2020/
Application Insights
PPS finds applications in industries including electronics and electrical, automotive, filter bags, coatings, industrial, aerospace and defense. Filter bags were the largest segment accounting for about 50% of market share. Filter bags are used in different applications including the maintenance of low toxin level in flue gas and to prevent other harmful gases releasing into atmosphere by thermal power plant and coal fired power plant. With growing demand of power in emerging economies due to rapid urbanization and industrialization the requirement of power plant has increased which in turn will boost the demand of PPS over forecast period due to application in filter bags. PPS is used in different automobile parts including switches, pistons, engine components, coolant system and transmission components. With an increase in automobile industry in countries such as China, Brazil, India, Malaysia and Indonesia the demand is expected to grow over the forecast period. PPS is utilized in electrical and electronic appliances due to its excellent qualities such as flame resistance and high temperature compatibility making it a cost effective solution for such applications. PPS demand is expected to grow with its niche applications in coating, aerospace, industrial and defense.
For More Information About Category Of Polyphenylene Sulfide (PPS) Market at: http://www.hexaresearch.com/research-category/bulk-chemicals/
Regional Insights
Asia Pacific was the largest PPS market accounting for about 75% of total market share in terms of volume. The region is expected to grow at a CAGR of over 11% due to rapid industrialization and increase in disposable income. Countries like China and India which are heavily dependent on thermal and coal fired power plant to meet their increasing power demand and growing automotive sector, will increase PPS market demand in region. European market is expected to have a stagnant growth over the forecast time period as there are less number of coal fired and thermal power plant in region due to strict environment laws and high concern amongst the citizens to protect environment. PPS market in RoW was evaluated at over USD 32 million in 2013 and is expected to grow considerably over the forecast period due to growing industrialization and high automotive demand.
ABOUT Hexa Research
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact:
Michelle Thoras
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Web: http://www.hexaresearch.com/
About
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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