Global Polyphenylene Sulphide Market

Description

Polyphenylene Sulphide is a super-engineering plastic which resists chemical and thermal attack. It offers an excellence balance of properties, such as high temperature resistance, dimensional stability, tensile strength, fluidity and electrical characteristics. Due to such good properties, it can be used as a substitute to metals. It is used as a filter fabric for electrical insulation, membranes and coal boilers. It is available in different forms like compounds, films, coatings and fibers. Combining it with different fibers can lead to a significant improvement in its thermal properties. The value chain of polyphenylene sulphides starts with the research and development, patent filing and licensing, sourcing of raw materials, manufacturing, compounding, converting and processing, and end user applications.

Market Dynamics:

The polyphenylene sulphide compound offers various advantages like lighter weight, ease of manufacture, assemble and recyclability and improved appearance. Due to its excellent properties, it is finding applications wherein it can be used as an alternative to metals and its demand is shooting on the upper side. Moreover, the global polyphenylene sulphide market is primarily driven by growing production of bio-based engineering plastics. The bio-engineered plastics find applications in electrical, electronics and automobile industries. The adoption of bio plastics is also increasing to reduce the harmful effects of conventional plastics on the environment. With the growing demand of filter bags in the automotive industry, the demand for polyphenylene is also expected to increase.
With growing collaboration of governments on stricter regulations for pollution of the environment and the push for use of hybrid vehicles, the demand for PPS would grow up globally.

Market Segmentation:

The Global Polyphenylene Sulphide market can be segmented on the basis of application.
1) Application:
i) Automotive
ii) Filter Bags
iii) Aerospace
iv) Coatings
v) Electrical
vi) Electronics
vii) Medical/Healthcare

Geographical Analysis:

Geographically, the market is segmented into North America, Asia Pacific, Europe and South America.Asia Pacific is the largest market for Polyphenylene Sulphide. Emerging markets like China and India have made the Asia Pacific region the fastest growing market. China is the biggest market for PPS as it has emerged as a manufacturing hub. Europe ranks second after APAC for the growth of polyphenylenesuphide market.

Key Players:

Some of the key companies in Global Polyphenylene Sulphide market are Celanese, DIC Corporation, INITZ, Tosoh Corporation, Solvay Industries, Toray Industries, Kureha Corporation, China Lumena New Materials, Zhejiang NHU Special Materials, Fortran Industries and Lion Idmeitsu Composites Limited.