The Global Polyphenylene Sulfide (PPS) Market is forecasted to reach USD 2.57 Billion by 2028, according to a new report by Reports and Data. It PPS is used in areas of automotive like switches, transmission, engine components, coolants system, and piston. Expansion of automotive sectors will fuel the demand in emerging nations such as Mexico, Indonesia, China, Japan, Taiwan, South Korea, and Malaysia. Companies’ desire to switch from metal to polymer vehicle parts is also encouraging the market’s growth.
The high demand for PPS is due to its physical properties. It possesses strong chemical resistance, has great dimensional stability, thermal stability, good electrical properties and is flame retardant. Due to such properties, it is used in various industries such as automotive, coatings, electrical electronics, filtration, and other industrial applications.
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Top Players in the Global Polyphenylene Sulfide (PPS) Market:
DIC Corporation, Solvay S.A., Lion Idemitsu Composites Co. Ltd., Kureha Corporation, Tosoh Corporation, Fortron Industries LLC, Medacta, CONMED, Kinamed Inc., and ConforMIS.
Demand for PPS is forecasted to rise in North America owing to its application in air and waste management. Growth in the automotive sector is also forecasted to propel market demand. The Corporate Average Fuel Economy (CAFE) standards are encouraging automotive manufacturers to switch to materials that are not only cheaper than metal but also reduce the weight of the vehicle.
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Market segmentation based on Type Outlook:
- Linear PPS
- Cross-Linked PPS
- Electrical Electronics
- Filter Bags
End Users Outlook:
- Aerospace and Defense
- Business Equipment
- Construction and Buildings
- Engineering Equipment
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Polyphenylene Sulfide (PPS) market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Polyphenylene Sulfide (PPS) market?
- Which regional market is expected to lead in terms of revenue share in the global Polyphenylene Sulfide (PPS) market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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