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Polyphenylene Sulfide Market Outlook and Global Foresight to 2025

Several characteristics including high chemical and creep resistance, excellent stiffness and strength, and temperature properties of PPS are the key factors diving their demand. The Global Polyphenylene Sulfide Market size is expected to reach at USD 2.14 billion by 2025 expanding at a CAGR of 8.8%, according to a new report by Grand View Research, Inc.


Automotive is projected to be the largest application segment owing to wide usage of the product in carburetor parts, exhaust gas return valves, flow control valves intended for heating systems, and ignition plates. The product is also utilized in industrial applications including grills, hair dryer parts, cooking appliances, as well as serializable laboratory, dental, and medical equipment, which is anticipated to drive the demand further.

Asia Pacific is anticipated to witness a substantial growth on account of better living standards and rapid industrialization, especially in China and India. Moreover, rising automotive, oil and gas, paints and coatings, and medical sectors will fuel the industry expansion over the next few years.

High demand for electrical and electronics components, including brush holders, motor housing, coil formers, connectors, terminal blocks and thermostat, and switch components in emerging economies is also expected to propel industry growth. In addition, rising usage of PPS in coatings applications owing to its several properties will augment the industry development. Demand for non-stick cookware and food processing and chemical processing equipment is also likely to stimulate the industry growth over the coming years.

To Know More About Polyphenylene Sulfide Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/polyphenylene-sulfide-pps-industry 

Asia Pacific led the global market in 2017 and is projected to be the fastest-growing regional market over the next few years. Growing aviation industry due to increasing government investments in aerospace, mainly in India, South Korea, Singapore, and Malaysia, is expected to the APAC market.

Top Players of Polyphenylene Sulfide (PPS) Market:

Key companies in the market include DIC Corp.; Toray Industries, Inc.; Tosoh Corp.; SK Chemicals; Daicel Corp.; SABIC; Teijin Ltd.; and RTP Company, Inc.

Market Segmentation of Polyphenylene Sulfide (PPS) Market:

The Global Polyphenylene Sulfide (PPS) Market segmented on the basis of Application and Region.

By Application:

Automotive
Electrical & Electronics
Industrial
Coatings

By Region:

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

Inquire about Polyphenylene Sulfide Market with Our Experts @ https://www.grandviewresearch.com/inquiry/96/ibb 
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