The global polyphenylene sulfide (PPS) market is expected to reach USD 1.57 billion by 2020, according to a new report by Grand View Research, Inc. Automotive industry growth, particularly in Asia Pacific, is expected to drive demand for PPS over the forecast period. In addition, favorable regulatory scenario in the region with regards to automotive industry is expected to further augment demand. Furthermore, growing use of the chemical in filter bags, which are used in coal boilers and dust chamber filters is expected to support market growth over the next five years.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/polyphenylene-sulfide-pps-industry
·
PPS coatings accounted for a small percentage of
the market share in 2013 owing to thermoplastic limitation. However, its demand
is expected to increase due to the development of alternate coating techniques
such as powder coatings, flame deposition, fusion deposition and suspension
coatings among others which facilitates a wide variety of coating parts.
Coatings are likely to grow at a CAGR of over 10% over the forecast period.
Automotive and filter bags together dominated the global PPS market accounting
for 50% of the volume share in 2013.
·
China dominated the global PPS market accounting
for over 50% of the global consumption in 2013. The region is expected to
witness substantial growth owing to robust growth in the automotive,
electronics and aerospace industry, which is expected to result in increased
demand for PPS.
·
Europe PPS market demand exceeded 7,500.0 kilo
tons in 2013 and is expected to witness a decrease in market share over the
forecast period. Slow economic recovery coupled with the bordering threat of
the eurozone crisis is expected to result in average growth for the market over
the forecast period.
·
Chevron Philips, DIC, Kureha Corp, Fortron, Toray,
Tosoh, Chengdu Letian and Lumen dominated the global PPS market share in 2013.
The market is characterized by capacity expansions and construction of new
manufacturing facilities by the leading companies owing to growing demand for
PPS over the forecast period.
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this category @ http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented
the global polyphenylene sulfide market on the basis of end user and
region:
Polyphenylene Sulfide End-use
Outlook:
- Automotive
- Electronic and Electrical
- Coatings
- Filter Bags
- Coatings
- Others
Polyphenylene Sulfide Regional
Outlook:
- North America
- Europe
- China
- Rest of Asia Pacific
- Rest of the World
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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