Global Polyphenylene Sulfide (PPS) Market Research Report and Forecast To 2020 : Hexa Research
Polyphenylene sulfide (PPS) market is expected to grow over the forecast period due its application as a high performance thermoplastic (HPTPs). Global demand is expected to exceed 150 kilo tons by 2020 growing at a double digit CAGR from 2014 to 2020.
Polyphenylene sulfide (PPS) market is expected to grow over the forecast period due its application as a high performance thermoplastic (HPTPs). Global demand is expected to exceed 150 kilo tons by 2020 growing at a double digit CAGR from 2014 to 2020.
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A major restraint is the high price which can hamper growth of market over the forecast period.<br />
<strong>PPS</strong> market suffered a decline in dem<strong>and</strong> during recession due to decrease in dem<strong>and</strong> for<br />
automotive <strong>and</strong> other electrical <strong>and</strong> electronic appliances. Lumena is a major manufacturer of<br />
<strong>PPS</strong>, as of 2012 company has a production capacity of over 55,000 tons <strong>and</strong> is planning to<br />
increase it further over the next three years. DSM Engineering Plastic <strong>and</strong> China Lumena New<br />
Material Corporations have agreed on joint marketing efforts for variety of engineering plastics.<br />
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Application Insights<br />
<strong>PPS</strong> finds applications in industries including electronics <strong>and</strong> electrical, automotive, filter bags,<br />
coatings, industrial, aerospace <strong>and</strong> defense. Filter bags were the largest segment accounting<br />
for about 50% of market share. Filter bags are used in different applications including the<br />
maintenance of low toxin level in flue gas <strong>and</strong> to prevent other harmful gases releasing into<br />
atmosphere by thermal power plant <strong>and</strong> coal fired power plant. With growing dem<strong>and</strong> of power<br />
in emerging economies due to rapid urbanization <strong>and</strong> industrialization the requirement of power<br />
plant has increased which in turn will boost the dem<strong>and</strong> of <strong>PPS</strong> over forecast period due to<br />
application in filter bags. <strong>PPS</strong> is used in different automobile parts including switches, pistons,<br />
engine components, coolant system <strong>and</strong> transmission components. With an increase in<br />
automobile industry in countries such as China, Brazil, India, Malaysia <strong>and</strong> Indonesia the<br />
dem<strong>and</strong> is expected to grow over the forecast period. <strong>PPS</strong> is utilized in electrical <strong>and</strong> electronic<br />
appliances due to its excellent qualities such as flame resistance <strong>and</strong> high temperature<br />
compatibility making it a cost effective solution for such applications. <strong>PPS</strong> dem<strong>and</strong> is expected<br />
to grow with its niche applications in coating, aerospace, industrial <strong>and</strong> defense.<br />
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