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

DUBLIN–(BUSINESS WIRE)–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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