Polyphenylene Sulfide (PPS) Market Growth Analysis 2022-28
The global polyphenylene sulfide (pps) market size was valued at USD x billion in 2021 and is poised to grow at a significant CAGR of x% during the forecast period 2022-28. PPS (polyphenylene sulphide) is a semi-crystalline thermoplastic made up of numerous aromatic rings made up of p-substituted benzene and sulphur. High-temperature air filters, bobbins, slurry coatings, speciality membranes, terminal blocks, coil formers, relay components, and packaging all use felt filter media. Chemical and abrasion resistance, dimensional stability, and mechanical strength are just a few of the benefits of PPS. It is also lightweight, with a high melting point and low viscosity index, making it easier to mould into the necessary shapes. As a result, PPS is widely used in a variety of industries, including medical, aerospace, automotive, and electrical and electronics.
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Automobiles, electronics, & electrical, manufacturing, as well as coating are just a few of the industries that employ polyphenylene. As a result, the market is being propelled ahead by growth in the automotive industry and increased demand from the electronics and electrical sectors in developed economies. Polyphenylene's expanding market and rising consumption of polyphenylene sulphide paints as a solution are two major factors projected to fuel demand for the material. PPS has a wide range of uses in the automobile industry, leading to increased supply from auto-producing nations around the world. Furthermore, the introduction of alternative solutions also including Polyether ether ketone and Polyetherimide, and also rapidly shifting raw material costs, are projected to stymie overall growth. However, market limitations include the advancement of eco-friendly polyphenylene resins. Despite this, advancements in research to augment the chemical components of polyphenylene in paints and coatings are likely to give exciting chances for business owners in the next years.
The global Polyphenylene Sulfide (PPS) Market segmentation:
- By Type: Cross-linked PPS and Linear PPS
- By Application: Automotive, Filter Bags, Aerospace, Electrical & Electronics, Coatings, Industrial and Other Applications
Over the anticipated period, the Asia-Pacific Polyphenylene Market would grow at the fastest rate. Governments have put in place policies that encourage the usage of electric vehicles and the expansion of electric vehicle manufacturing capacity. The improving level of life in Asia has also raised public awareness of the benefits of hybrid - electric automobiles.
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There are several industry players working in the Polyphenylene Sulfide (PPS) Market, which include Solvay SA, Tosoh Corporation, DIC Corporation, Toray Industries Inc., Kureha Corporation, Fortron Industries LLC
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