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Polyphenylene Sulfide Compounds Market: Overview

The polyphenylene sulfide compounds market is anticipated to observe considerable growth opportunities during the forecast period of 2021-2031. The expanding usage of polyphenylene sulfide compounds in a plethora of end-user industries will bring substantial growth prospects for the global market.

Automotive (power control units, sensors, ADAS, electric motors, thermal management, electric control units, sensors,others), water supply, coatings, aerospace, electrical and electronics, and others are some end-users where polyphenylene sulfide compounds are used extensively. These factors bode well for the growth of the polyphenylene sulfide compounds market.

Polyphenylene sulfide (PPS) is a high temperature, partially crystalline performance polymer. It is chemical-resistant and flame retardant. The melting point of polyphenylene sulfide is 280°C. The chemical compounds have unique physical properties, is resistant, and unaffected by alkaline or acidic environments. The excellent properties of polyphenylene sulfide compounds make it an ideal fit in various applications.

Exceptional mechanical strength, good dimensional stability, extensive chemical resistance, and flame resistance are some of the prominent properties that serve as profitable growth prospects for the polyphenylene sulfide compounds market. The overwhelming use of polyphenylene sulfide compounds in various applications across the oil and gas industry such as centrifugal pump components, proximity, scraper, and proximity probe housing will bring tremendous growth opportunities for the polyphenylene sulfide compounds market. Barring the COVID-19 pandemic, the demand for oil and gas has been consistent. Hence, this factor will invite profitable growth for the polyphenylene sulfide compounds market.

The research conducted on the global market for polyphenylene sulfide compounds by Transparency Market Research (TMR) is a treasure of information for the stakeholders and CXOs. All the information has been compiled systematically in a report which provides valuable insights to the stakeholders about the recent trends, competitive landscape, regional aspects, and many other touch points that describe the growth trajectory of the polyphenylene sulfide compounds market. The COVID-19 impact has also been included in the report.

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What are Competitive Dimensions of Polyphenylene Sulfide Compounds Market?

The polyphenylene sulfide compounds market is moderately fragmented. A plethora of players compete for obtaining a good consumer base. The players are also involved in new product launches. For instance, DIC Corporation recently added DIC PPS FZ-2140-F3 BLACK, a glass-reinforced polyphenylene sulfide compound to its range of products. Furthermore, research and development activities also play a pivotal role in the growth of the polyphenylene sulfide compounds market.

Strategic collaborations form an important part of the growth cycle of the polyphenylene sulfide compounds market. The players are involved in mergers, acquisitions, joint ventures, and partnerships. These activities help in expanding the influence of the players, ultimately contributing to the growth of the polyphenylene sulfide compounds market.

Some well-entrenched players in the polyphenylene sulfide compounds market are Celanese Corporation, DIC Corporation, SK Chemicals, Solvay S.A., and Toray Industries, Inc.

What are Key Trends in Polyphenylene Sulfide Compounds Market?

Increasing Demand for Consumer Electronics to Assure Promising Growth

The rising disposable income has led to an increase in the standard of living of the individuals around the globe. This aspect has also resulted in an increase in the demand for consumer electronics. As polyphenylene sulfide compounds are used on a large scale in these electronics, the growth rate is expected to increase.

Expanding Popularity as Substitute to Metals in Automotive Industry to Bring Considerable Growth for Polyphenylene Sulfide Compounds Market

The growing regulations on vehicles and limitations on carbon emissions may serve as growth boosters for the polyphenylene sulfide compounds market. Automotive manufacturers use polyphenylene sulfide compounds to reduce the weight of the vehicle to decrease carbon emissions. Thus, these factors will invite substantial growth for the polyphenylene sulfide compounds market.

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What are Regional Dimensions of Polyphenylene Sulfide Compounds Market?

North America’s polyphenylene sulfide compounds market is extrapolated to observe a dominant position between 2021 and 2031. The growing concerns regarding greenhouse emissions and the expanding demand for consumer electronics will add value to the growth structure of the polyphenylene sulfide compounds market in North America.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Polyphenylene Sulfide Compounds Market