Polyphenylene Sulfide Market

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• Publié par: RohitBhagare
• Publié le: 08 novembre 2016
• Nombre de lectures: 1
• Langue: English

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Market News:
Polyphenylene Sulfide Market worth 1,574.7 Million USD by 2020
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The report "Polyphenylene Sulfide Market by Application (Automotive, Electrical &
Electronics, Filter Bags, Aerospace, Industrial, Coatings, and Others) and by Region
(Asia-Pacific, North America, Europe, and Row) - Global Forecast to 2020", The global
Polyphenylene Sulfide (PPS) market size is estimated to grow from USD 995.1 Million in
2015 to USD 1,574.7 Million by 2020, at a CAGR of 9.6%.
The market is driven by increasing demand for PPS in emerging markets and high demand
from the automotive, electrical & electronics, and filter bag application segments. Among
all the regions, Asia-Pacific is projected to witness strong growth in the next five years.
Growth in this region can be attributed to high demand from emerging markets such as
China and India.

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The growing popularity of PPS over metals and conventional polymers in various
applications play a significant role in driving the market. Automotive, electrical &
electronics, and filter bags are the most its important applications. A normal gasoline
automotive requires nearly 1 kg of PPS, whereas hybrid and electric automotive require
nearly 5 kegs of PPS, which is used as a metal replacement. PPS helps decrease the weight
of automotive, which enhances the efficiency. Globally, 15 governments have joined forces
for encouraging the use of electric and hybrid vehicles, thus driving the PPS market. The
PPS filter bags industry is seeing high growth in Asia-Pacific, with increasing consumption
in coal power plants and stringent regulations set for controlling the release of particulate
matter in China. The PPS filter bags market is likely to have high growth potential during
the forecast period, as these filter bags have an efficiency of more than 99%.
The global Polyphenylene Sulfide (PPS) market is estimated to reach USD 1,574.7 Million
by 2020, registering a CAGR of 9.6% between 2015 and 2020. The polyphenylene sulfide
market is driven by increasing demand for PPS in emerging markets and high demand from
the automotive, electrical & electronics and filter bag application segments. PPS has unique
properties, such as high temperature resistance, chemical resistance, flame retardancy,
good electrical properties, and high dimensional stability, for which it is widely used in
harsh fire-prone chemical environments.
PPS is used in various applications, such as automotive, electrical & electronics, filter bags,
aerospace, industrial, coatings, and others. In 2014, the automotive segment accounted for
the largest market share, in terms of volume, followed by filter bags and electrical &
electronics. PPS is used in the automotive industry for manufacturing under-the-hood
components, including engines and auto body parts operating under high temperature and
pressure environments. PPS is resistant to fuel and transmission & brake fluids at high
temperatures. Automotive components such as fuel system parts, induction systems,
coolant systems, lighting components, and electrical & electronic components are made
from PPS. Increasing industrialization in emerging countries of Asia-Pacific is driving the
polyphenylene sulfide market in automotive application. North America accounted for the
second largest market share in the automotive application segment in 2014.
PPS is used for manufacturing filter and filter bags used in coal-fired powered fire stations
and dust chamber filters in incinerators. PPS can withstand both acidic environment and
high temperature in coal-fired power plants. They are also cheaper than other fibers such
as PTFE, aramid, and polyamides. Moreover, PPS filter bags have service life of three years
in comparison to six months for glass fiber. This helps power plants significantly reduce
operating costs along with downtime for maintenance activities. The filter bags application
segment is projected to witness the highest CAGR between 2015 and 2020
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