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(IT-NEWSWIRE.COM, January 14, 2019 ) According to the new market research report “Polyphenylene Sulfide Market by Application (Automotive, Electrical & Electronics, Filter Bags, Aerospace, Industrial, Coatings, and Others) and by Region (Asia-Pacific, North America, Europe, and Row) - Global Forecast to 2020”, published by MarketsandMarkets™, the global Polyphenylene Sulfide (PPS) market size is estimated to grow from USD 995.1 Million in 2015 to USD 1,574.7 Million by 2020, at a CAGR of 9.6%.
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The market is driven by increasing demand for PPS in emerging markets and high demand from the automotive, electrical & electronics, and filter bag application segments. Among all the regions, Asia-Pacific is projected to witness strong growth in the next five years. Growth in this region can be attributed to high demand from emerging markets such as China and India.
Automotive and filter bags, the largest applications of PPS
The growing popularity of PPS over metals and conventional polymers in various applications play a significant role in driving the market. Automotive, electrical & electronics, and filter bags are the most its important applications. A normal gasoline automotive requires nearly 1 kg of PPS, whereas hybrid and electric automotive require nearly 5 kegs of PPS, which is used as a metal replacement. PPS helps decrease the weight of automotive, which enhances the efficiency. Globally, 15 governments have joined forces for encouraging the use of electric and hybrid vehicles, thus driving the PPS market. The PPS filter bags industry is seeing high growth in Asia-Pacific, with increasing consumption in coal power plants and stringent regulations set for controlling the release of particulate matter in China. The PPS filter bags market is likely to have high growth potential during the forecast period, as these filter bags have an efficiency of more than 99%.
Browse and in-depth TOC on “Polyphenylene Sulfide Market”
71 - Tables
48 - Figures
121 - Pages
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Rising demand in Asia-Pacific is the major driver for growth of PPS market
In 2015, Asia-Pacific is estimated to account for the largest market share in terms of volume. Robust demand in Asia-Pacific and increasing consumption for PPS filter bags shall be the major driving factors for the global PPS market during the forecast period. China is one of the leading consumers of PPS worldwide with increased demand from the filter bags application.
The players profiled in the PPS market report are DIC Corp. (Japan), Tosoh Corp. (Japan), Toray Industries Inc. (Japan), Kureha Corp. (Japan), Solvay SA (Belgium), Fortran Industries LLC (U.S.), China Lumena New Materials Corp. (China), Initz Co. Ltd (South Korea), Zhejiang NHU Special Materials (China), and Lion Idemitsu Composites Co. Ltd. (Japan).
The scope of the report covers detailed information regarding the major factors influencing the growth of the PPS market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, investments & expansions, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the market.
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets
Mr. Shelly Singh
1-888-600-6441
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Source: EmailWire.Com 
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