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Polyphenylene Sulfide (PPS) is a chemical compound used in various industries for the unique physical properties it displays. It is great resistant and unaffected by acidic or alkaline environments, making it ideal for usage in thermoplastic polymers and filters in extreme conditions. The automotive and chemical industries make the most of this compound. As overall industrial demand grows so will the market for polyphenylene sulfide over the forecast period of 2020 to 2030, as per TMR.
Few manufacturers are involved in the production of polyphenylene sulfide. This makes the market scenario concentrated. A few of these players are:
These manufactures recognize the versatility of PPS and are committed to providing high quality materials for a rapidly growing industrial sector.
Japan is the largest producer of PPS resins worldwide with the presence of manufacturing sites of major industry players in the country. This is due to local demand for homegrown industries as well as regional demand from the Asia Pacific region (APAC).
Besides Japan, the United States of America has the majority of the PPS resins manufacturing plants globally. A growing number of large scale industries that are adapting innovations in industrial output create demand for specialist materials like PPS.
The global polyphenylene sulfide market is anticipated to rise due to considerable product development in numerous applications such as electrical, electronics, aviation, industrial, and automotive. The automotive sector is the primary contributor to the global polyphenylene sulfide market growth. Polyphenylene sulfide is utilized in a variety of automotive applications, including instrument panels, rear windshield glazing, door panels, headlamp lenses, center consoles, wheel covers, interior trims, roof modules, bumpers, and door handles. It is also utilized in chassis, electrical components, trim components, and powertrain in automobiles. Versatility in design, weight reduction possibilities, and simplicity of assembly during production are major drivers for the polyphenylene sulfide market growth in the automotive industry. Moreover, increased demand for well-functioning materials in a variety of applications in an automotive engine compartment is also raising the sales of polyphenylene sulfide market in the automotive sector.
In terms of region, Asia Pacific is likely to experience rapid growth in the global polyphenylene sulfide market during the projected period due to the solid economic improvement and rising product requirements from the automotive and electrical & electronics industries. Japan is the largest revenue generator in polyphenylene sulfide market in Asia Pacific. The existence of robust manufacturing units with cutting-edge technologies boosts the country's polyphenylene sulfide market expansion. Moreover, the country's high product production rate is causing an overstock situation in the global polyphenylene sulfide market. With a fixed capacity, players in the polyphenylene sulfide market are expected to run at low operating margins in order to create future expansions based on increased demand.
North America and Europe are also expected to make significant contributions to the global polyphenylene sulfide market during the forecast period.
Furthermore, leading players in the polyphenylene sulfide market have been developing new goods with more enhanced properties in order to broaden the diversity of applications for their products and, as a result, boost their market presence. DIC, for instance, developed impact-modified PPS, an elastomer-modified PPS with properties such as increased strength, elongation, remarkable durability even at high humidity and temperatures, and a low flash level.
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Polyphenylene Sulfide Market
