Mar 5, 2018   SOURCE: BusinessWire

$1.4 Billion Polyphenylene Sulfide Market: Compounds, Films, Filaments & Coatings - Global Forecasts from 2018 to 2023 - ResearchAndMarkets.com

The "Polyphenylene Sulfide Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

Global polyphenylene sulfide (PPS) market is expected to grow at a compound annual growth rate of 7.75% over the forecast period 2018-2023 to reach a market size of US$1.435 billion by 2023 from a market size of US$0.917 billion in 2017.

Rapid urbanization and industrialization require setting up of more power plants, thereby driving the demand for PPS due to the application in filter bags. Growing demand for consumer electronics across the globe is further fuelling the demand for PPS since it is used for the manufacturing of electrical components and appliances owing to its properties such as high-temperature compatibility and flame resistance. Booming global automotive industry, especially in emerging economies such as Brazil, China, India, and Malaysia, will propel the growth of global Polyphenylene Sulfide (PPS) market in the next five years.

North America will witness a significant growth of Polyphenylene Sulfide (PPS) market due to matured automotive markets in the region along with the expanding aerospace sector. Europe will experience stagnant growth as there are a large number of coal and thermal power plants owing to stringent environmental regulations in the region. Asia Pacific will witness the fastest regional market growth especially in the demand for PPS filter bags, due to growing demand for power consumption and setting up of more coal and thermal power plants in the region. The global Polyphenylene Sulfide (PPS) market growth will be restrained by the high price of the product during the forecast period.

Segmentation

Polyphenylene sulfide (PPS) market has been segmented by product type, industry vertical, and geography as follows:

By Product Type

  • PPS Compounds
  • PPS Films
  • PPS Filaments
  • PPS Coatings

By Industry Vertical

  • Consumer Electronics
  • Automotive
  • Aerospace
  • Manufacturing
  • Others

By Geography

  • Americas
  • North America
  • South America
  • Europe Middle East and Africa
  • Europe
  • Middle East and Africa
  • Asia Pacific

Market Players

  • Tosoh Corp.
  • Solvay
  • Kotec Corporation
  • Kureha Corporation
  • Celanese Corporation
  • DIC Corporation
  • Teijin Limited
  • SK Chemicals
  • Toray Industries, Inc.

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