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Phenomenal Growth of Polyphenylene Sulfide (PPS) Market from Demand and Supply

It is anticipated to witness a CAGR of 8.8% during the forecast period. Several characteristics including high creep resistance, stiffness and strength, excellent temperature properties, and good chemical resistance are the key factors driving the PPS market growth.

The Global Polyphenylene Sulfide Market size is expected to reach USD 2.14 billion by 2025, according to a new report by Grand View Research, Inc.


The consumption of in automotive industries is projected to exhibit a significant growth owing to rising application in carburetor parts, exhaust gas return valves, flow control valves intended for heating systems, and ignition plates. PPS is also utilized in industrial applications including grills, hair dryer parts, cooking appliances, as well as serializable laboratory, dental, and medical equipment. This factor is anticipated to spur the product demand over the next few years.

Asia Pacific is anticipated to showcase substantial growth in light of rising living standard and increasing industrialization especially in China and India. Moreover, rising automotive, oil and gas, paints and coatings, and medical sectors will fuel expansion of the PPS market over the next seven years.

Growing demand for electrical and electronics components, including brush holders, motor housing, coil formers, connectors, terminal blocks, and thermostats and switch components in emerging economies including India, China, Malaysia, and Indonesia owing to rising disposable income of consumers is expected to propel polyphenylene sulfide market growth.

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

Rising consumption in coating applications owing to the high heat resistance, chemical resistance, and excellent electrical properties of polyphenylene sulfide will augment the demand. Also, high consumption in non-stick cookware, food processing, and chemical processing equipment will stimulate product penetration over the next few years.

Top Players of Polyphenylene Sulfide (PPS) Market:

The main players include DIC, Toray Industries, Tosoh Corporation, SK Chemicals, Daicel Corporation, SABIC, Teijin Ltd. and RTP Company.

Market Segmentation of Polyphenylene Sulfide (PPS) Market:

The Global Polyphenylene Sulfide 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 (PPS) Market with Our Experts @ https://www.grandviewresearch.com/inquiry/96/ibb 
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