Polyphenylene Sulfide (PPS) was studied initially by Friedel and Crafts by reacting benzene with sulphur in the presence of aluminum chloride. The end product obtained through this reaction was a weak polymer with some extra sulphur linkages. Further, the scientists carried out experiments using related organo sulfur compounds and diphenyl sulfide.
Polyphenylene sulfide is polymerized by using polycondensation reaction of para-dichlorobenzene and sodium sulfide or sodium hydrosulfide in a polar solvent under elevated temperatures. This polymer is created by a combination of various elements, including dehydration reaction, sodium chloride removal reaction, exothermic reaction and high temperature pressurization reaction. This process is very capital intensive due to the high cost of equipments and energy consumption.
Polyphenylene sulfide is used in a wide range of end-use industries globally. Based on its application in several industries, the global polyphenylene sulfide market is segmented into applications such as electrical & electronics, automotive, industrial, filtration & filter bags, coatings and others. Among these, filtration and filter bags accounted for larger share of global polyphenylene sulfide market in 2016 and are expected to boost market demand in the near future. Other applications are also projected to fuel market demand for polyphenylene sulfide during the forecast period.
Polyphenylene sulfide (PPS) market was valued at US$ 0.86 Bn in 2014 and is expected to reach US$ 2.0 Bn by 2023, growing at a CAGR of 13.0% during the forecast period 2016-2021.
Purpose of the Report
The purpose of this strategic research study titled “Global Polyphenylene Sulfide (PPS) Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global polyphenylene sulfide (PPS) market.
Target Audience
USP and Key Offerings
The report titled “Global Polyphenylene Sulfide (PPS) Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2023” offers strategic insights into the global polyphenylene sulfide (PPS) market along with the market size and estimates for the duration 2015 to 2023. The said research study covers in-depth analysis of multiple market segments based on applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading polyphenylene sulfide (PPS) vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
Overall, the research study provides a holistic view of the global polyphenylene sulfide (PPS) market, of growth, offering market size and estimates for the period from 2015 to 2023, keeping in mind the above mentioned factors.
Filtration & filter bags accounted for more than 26% share of the global polyphenylene sulfide market in 2014. Strict regulations and norms in industrial sectors such as coal fired plants, thermal power plants and smoke filtration plants have led to high market penetration in the segment. The properties such as hydrolysis and resistance towards mineral and alkaline acids with effective thermal properties of polyphenylene sulfide have led to high demand in industrial filtration applications. Filtration efficiency and airflow along with high durability is anticipated to increase opportunities of filtration and filter bags in dust collectors, metal foundry bag houses and incinerators. Electrical & Electronics accounted as the second largest application segment of polyphenylene sulfide market in 2014. This application segment is expected to witness growth in the near future due to rising polyphenylene sulfide applications in the manufacture of variety of electrical components in electrical, fuel, lightning and cooling systems. Automotive is another application driving the demand for polyphenylene sulfide in the market. Growing automotive manufacturing companies in China and Japan are contributing to the growth of global polyphenylene sulfide market worldwide. Other applications such as industrial, coatings and others are also projected to boost market demand for polyphenylene sulfide in the global market.
Asia Pacific accounted for the largest share of global polyphenylene sulfide market in 2014. Rapid industrialization in the developing economies is the major factor driving the demand for polyphenylene sulfide in the market. Foreign investments in countries such as India, China, and Indonesia are the major factor for high penetration of polyphenylene sulfide in the Asia Pacific market. Asia Pacific is also the fastest growing region for polyphenylene sulfide market. Increasing automotive sector in the region, especially China and India are boosting the market demand for polyphenylene sulfide on a large scale, thus fueling growth of global polyphenylene sulfide market. North America was the second largest region to boost demand for polyphenylene sulfide globally. High demand for industrial filters and filter bags in incinerators and mining is expected to fuel demand for polyphenylene sulfide in North America. Increasing demand for high temperature flame resistant coatings is another factor contributing to the growth of global polyphenylene sulfide market. Europe accounted as the third largest market for polyphenylene sulfide due to high demand for filters in the region. Stringent government regulations in the region for industrial emissions have led to the growth of polyphenylene sulfide market in the region. Other regions such as Rest of World which include Brazil and Middle East are expected to experience steady demand but projected to fuel growth of global polyphenylene sulfide market during the forecast period from 2016 to 2023.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Polyphenylene Sulfide (PPS) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
