Polyphenylene Sulfide Market-Segmentation

Market Research Future (MRFR) reveals that the polyphenylene sulfide market should gain considerable grounds between 2020 and 2027 (analysis period).

Major Boosters and Deterrents

Since Polyphenylene Sulfide Market is sustainable and recyclable, it is used widely to foster fuel efficiency and cut down the emission levels. Its impressive properties have resulted in elevated demand from various end-use industries. PPS is also increasingly being used to replace metals, as they facilitate weight reduction in vehicles. Established companies are striving to bolster their geographical reach to capture maximum share in the global market. This is touted to augment the competitive quotient in the following years.

The market size is expanding at a significant rate, thanks to the amplified product demand in sectors such as industrial, automotive, aerospace and electronics. PPS is increasingly being consumed across industries, given their ability to function in extreme temperature, significant performance and impressive mechanical properties. The product’s extensive use in numerous automotive components such as switches, engine components, pistons, coolant systems and transmission components will also enhance the market share in the coming years. The dramatic surge in automotive production across Indonesia, China, U.S., Mexico, South Korea, Germany, Taiwan, Malaysia and Japan is anticipated to work in favor of the PPS market in the ensuing years.

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Asia Pacific offers a number of lucrative opportunities to the global players. China is the biggest producer of electronic products in the world, including OLED TVs, smartphones, wires, tablets, earphones and cables. Given the rising disposable income of the middle-class individuals in the country, the demand for electronics has escalated phenomenally over the years, which is touted to be a prime growth booster for the polyphenylene sulfide market in the country.

Segmentation Insight

The market for polyphenylene sulfide market has been extensively detailed in the MRFR report, while considering a few major segments including type and application.

Some of the top applications of polyphenylene sulfide include electrical electronics, filter bags, coatings, automotive, industrial applications, and others. Polyphenylene sulfide experiences highest demand in the automotive sector, with applications in engine components, fuel system parts, brake systems, power trains, lighting, electrical and transmission applications. Its applications are extensive in components that are widely exposed to extreme temperatures and corrosion. Growth of road networks across Asia Pacific along with the focus of the government on improving the infrastructure to foster vehicle sales should also enhance the use of polyphenylene sulfide in the sector.

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1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

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4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Polyphenylene Sulfide Market

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