Global Polyphenylene Sulfide Market 2022 - Industry Analysis, Market Size, Share, Growth & Trends: Acute Market Reports
Post on 28-Oct-2015
HOME / PLASTICS / POLYPHENYLENE SULFIDE MARKET ANALYSIS BY APPLICATION (AUTOMOTIVE, COATING,ELECTRICAL AND ELECTRONICS, FILTER & FILTER BAGS, INDUSTRIAL) AND SEGMENT FORECASTS TO 2022
Polyphenylene Sulfide Market Analysis By Application (Automotive,Coating, Electrical and Electronics, Filter & Filter Bags, Industrial) AndSegment Forecasts To 2022
Published: Oct 2015 | Published By: Acute Market Research
Polyphenylene Sulfide (PPS) Market Overview:
The worldwide Polyphenylene Sul4de market revenue was predicted at 705.8 million US dollars in year 2013. Risingdemand for HPTP like PPS from aerospace and defense sections is predicted to enhance the growth & expansion ofPolyphenylene Sul4de during the estimated time span. Growing need for automobile applications combined withoptimistic outlook in production is predicted to stimulate the growth and expansion of Polyphenylene Sul4de marketduring the estimated period. The advantages of the Polyphenylene Sul4de include fuel resistance, anti freeze,transmission, brake ?uids and hotness. Further, the Polyphenylene Sul4de mix also o@ers reduction in weight andrising stability in comparison to a complete metal framework, thus enhancing performance and fuel eAcacy invehicles.
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REPORT SUMMARY TABLE OF CONTENT
Growing stress on power safety has led to large amount of power plant set ups over the last few years. Further, thistrend is anticipated to continue due to growing population and enhanced infrastructure speci4cally in developingregions. As a result of this, demand for Polyphenylene Sul4de is predicted to have a favorable e@ect on the growth &expansion of the Polyphenylene Sul4de market owing to the utilization of 4lter bags & 4lter in dust chamber 4ltersand coal boilers.
Growing demand for the Polyphenylene Sul4de compound in high temperature applications due to bestperformance and exceptional mechanical features is a main aspect driving the growth of the Polyphenylene Sul4demarket. But the presence of many alternatives with identical features is likely to constraint the demand forPolyphenylene Sul4de during the estimated time span. Further, high costs of chemicals as compared to itsalternatives are a key restricting aspect contributing towards growth and development of worldwide PolyphenyleneSulfide market.
Polyphenylene Sulfide (PPS) Market By Application:
Applications of 4lter bags & 4lter led the worldwide Polyphenylene Sul4de market contributing for more than twenty4ve percentage of market share in year 2013. Filter bags are mainly used in thermal plants, coal 4red energy plantsand incinerators. Fast industrial development in regions of Asia Paci4c is predicted to stimulate the demand forPolyphenylene Sul4de in those areas. Polyphenylene Sul4de competes with other HPTP comprising of polyamidesand PEEK in this application section. Supportive rules and regulations in order to maintain the ecological cleanlinessin developed areas which includes Europe is predicted to have a favorable e@ect on the demand for PolyphenyleneSulfide compound.
Automobiles market contributed signi4cantly to the total revenue share of the Polyphenylene Sul4de market due torise in demand for manufactured parts like engine parts, fuel system components, brake systems, power trains andelectrical parts, lighting parts and components of transmission. In terms of revenue, the Polyphenylene Sul4demarket sector is predicted to grow at a CAGR rate of 13.0% from year 2014 to year 2022.
Growing demand for the Polyphenylene Sul4de chemicals in automobile applications is due to its exceptionalproperties such as its resistance to temperature. The growth and demand of the Polyphenylene Sul4de market ispredicted to rise in coming years. Further, di@erent luxury car brands like Mercedes Benz have been using thiscompound in producing engine parts for weight reduction and enhancing the stability of the components.
Polyphenylene Sulfide (PPS) Market By Region:
The region of Asia Paci4c led the universal Polyphenylene Sul4de market in year 2013. It contributed of aboutseventy 4ve percent of the total market share during that period. Rise in number of energy plant establishments toful4ll the growing energy needs of the people and the industries in this region will drive the growth & demand of thePolyphenylene Sul4de market in this region. Further, enhanced infrastructural development & growth in the regionslike Indonesia and India is predicted to escalate the expansion & growth of the Polyphenylene Sul4de business inregion of Asia Pacific during the estimated span.
The Polyphenylene Sul4de market of the region of North America produced margin of that crossed the 4gure ofeighty 4ve million US dollars in year 2013. The increasing use of the Polyphenylene Sul4de chemicals in air as well aswaste management practices is predicted to boost the growth of the Polyphenylene Sul4de market in this region.The CAFE (Corporate Average Fuel Economy) standard is promoting the automobile manufacturers to scrutinizematerials which not only minimizes mass but also are cost e@ective as compared to metals. This will enhance thedemand for Polyphenylene Sul4de compounds which in turn will result in signi4cant proportion of growth of thePolyphenylene Sulfide market during the estimated period.
Main players pro4led in the Polyphenylene Sul4de market report includes Toray Industries, Kureha Chemical IndustryCompany Limited, Chengdu Letian Plastics Company Limited, Wilmington NC, DIC Corporation, SABIC InnovativePlastics, Sino Polymer, Chevron Phillip, Tosoh Corporation and Chengdu Letian Plastics Company Limited.
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Polyphenylene Sulfide Market Analysis By Application (Automotive, Coating, Electrical and Electronics, Filter & Filter Bags, Industrial) And Segment Forecasts To 2022Published: Oct 2015 | Published By: Acute Market ResearchNEWSLETTER SIGN UPCONTACT US