Wednesday, 14 June 2017

Polyphenylene Sulfide Market with Current Trends Analysis, 2017-2024

The global Polyphenylene Sulfide Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.

Polyphenylene sulfide (PPS) is semi crystalline polymer with high temperature and consists of several aromatic rings which are linked with other. The synthetic fiber produced from the product are known to deliver high thermal and chemical resistance coupled with high mechanical and temperature properties. It is thermoplastic in nature and exhibits specialized features including flame retardance, high heat deflection and excellent dimensional stability. It is also known for constant service temperature which mostly ranges from 1800ºC to 2400ºC.

Polyphenylene sulfide is commercially in various forms and grades including fibers, compounds, films, filaments, and coatings. Its resins are usually strengthened with several specifically glass fibers and reinforcing materials to enhance its thermal and mechanical properties. These compounds mostly find usage in injection molding processes. An unfilled product resin can be melt down and blow up to manufacture several fabrics and fibers that are utilize for flame-resistant clothing, filtration media and conveyor belts.

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On the basis of types, polyphenylene sulfide market is segmented into virgin and recycled categories. Recycled product is cheaper than the virgin product. However, it possesses inferior properties and complex impurities. Applications aid to product manufacturers in terms of cost benefits and increasing environmental regulations will also foster the rising demand for virgin product. Furthermore, it is preferred by various end user including automotive, filter bag, electrical and electronics and other special product markets, it is manufactured on reasonable cost coupled with low environmental risks. Also, considering fall in prices of products in the recent years the polyphenylene sulfide market size will grow.

Automotive industry is the chief driver contributing to high growth rates of the global polyphenylene sulfide market demand. It is used in various common and newly developed automobile applications including rear windshield glazing, instrument panels, headlight lens, door panels, wheel covers, center consoles, roof modules, interior trims, door handles, bumpers and housings. It is also used in other automotive applications including electrical components, chassis, powertrain and trim components. Major driver for the polyphenylene sulfide market growth in automotive industry comes from flexibility in design, ease of assembly during production and weight reduction potential. Growing demand for high performance materials in various applications in an automotive engine compartment is also propelling the polyphenylene sulfide market share in the automotive industry.

Asia Pacific is expected to observe high growth in demand due to economic advancement in the region coupled with increased product requirements from electrical & electronics, filter baggage and automotive industries. China is expected to lead the regional polyphenylene sulfide market owing to rise in its product imports to meet demand. Various crucial players including both global and local players are expanding their manufacturing bases in the country due to high availability of low waged employees.

Japan is one of the largest producer of these resins globally and is expected to continue this trend in a positive way. Presence of well-equipped manufacturing plants with latest technology favors polyphenylene sulfide market growth in the country. High product manufacturing rate in the country is creating an oversupply scenario in the overall polyphenylene sulfide market.  With the definite capacity, these polyphenylene sulfide market players are anticipated to operate at low operating margins to generate future expansions depending on the rising demand.

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Other prominent players are Haohua Honghe Chemical, SK Chemicals, Celanese, Zhejiang NHU, AETNA PLASTICS, Jiangsu Ruitai Technology¸ Kureha, RTP, DIC, Toyobo, Daicel and Lion Idemitsu Composites.

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