July 19, 2019 by Steve Blade
Fact.MR has actively published a new research study titled “Polyphenylene Sulfide (PPS) Resins Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027” to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the Polyphenylene Sulfide (PPS) Resins Market during the period between 2018-2027. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.
Polyphenylene sulfide (PPS) resins consumption is likely to surpass 93.7 thousand tons in 2019, according to Fact.MR’s new study. The polyphenylene sulfide (PPS) resins market grew at a 5.3% in 2018, with overall growth driven by,
Engineering thermoplastic polymers have acquired a special position across industries owing to their unique functionalities that accommodate current demand for recyclability and sustainability. Polyphenylene sulfide (PPS) fits well in this demand wherein the polymer has replaced metal and other thermosets considerably in multiple applications.
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Polyphenylene sulfide (PPS) resins demand has skyrocketed in past decades, majorly due to buoyancy in the automotive industry post the great recession of 2008. Fact.MR study estimates that the automotive industry registered nearly 49% of the polyphenylene sulfide (PPS) resin consumption in 2018. The industry will continue to present significant demand for polyphenylene sulfide (PPS) resin in the future.
Electric and Hybrid Automobile Production – A Prime Demand Booster of Polyphenylene Sulfide (PPS) Resins
Commonly recognized as a super engineering plastic, polyphenylene sulfide (PPS) resins are known for their light-weight and heat resistance features. These features are being highly embraced by the automotive industry which is witnessing a rapid change in terms of ongoing vehicle electrification. In a bid to meet rising demand for light-weight and fuel-efficient automobiles, the number of electric components has increased dramatically.
The polyphenylene sulfide (PPS) resins are highly sought after in electric auto parts that require high-temperature stability such as motor coils, insulating films, wires and other electrical parts. As the polymer withstands up to 200oC of temperature, it is highly suitable for electric vehicle auto parts that run at high temperature including lithium-ion batteries.
The PPS Market is thoroughly studied in terms production, consumption and application-wise utilization. Based on a thorough supply-demand scenario, the polyphenylene sulfide (PPS) resins market is segmented based on application which includes automotive, electrical & electronics, Aerospace & Defense, Industrial, Filters & Filter bags, Coatings, and others. The market is studied for key regions such as North America, Latin America, Europe, Japan, APEJ and MEA. The regional analysis in all the regions is based on a thorough country-wise analysis of all key countries of the regions.
According to the study, APEJ accounted for nearly 45% of the global polyphenylene sulfide (PPS) resins in 2018. Major consumption remains consolidated in Greater China which accounted for about 40% of the global PPS resin demand in 2018.
China with its largest coal fleet as well as largest number of heavy capacity coal plants present significant demand for PPS filter bags, thereby accounting for a considerable demand for PPS resins. As one of the leading CO2 emitter and coal consumer, China is likely to take efforts in mitigating climate issues in the future, thereby presenting lucrative opportunities for polyphenylene sulfide (PPS) resins in the future.
Polyphenylene Sulfide (PPS) Resins Market - Notable Highlights
Fact.MR provides notable insights of all the key players in the polyphenylene sulfide (PPS) resins market. Other profiled players in the polyphenylene sulfide (PPS) resins market include Fortron Industries LLC, Zhejiang NHU Special Materials Co. Ltd., Chengdu Letian Plastics Co. Ltd., and Lion Idemitsu Composites.
Polyphenylene Sulfide (PPS) Resins Market – Additional Questions Answered
In addition to the aforementioned insights, the polyphenylene sulfide (PPS) resins market report covers an all-inclusive analysis of important market facets that hold significant influence on the growth of the polyphenylene sulfide (PPS) resins market. A thorough analysis as such can answer some of the bemusing questions of the business professionals interested in the polyphenylene sulfide (PPS) resins market.
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