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Polyphenylene Sulfide (PPS) Resins Market Projected to Augment at a Notable CAGR during the Forecast Period until 2027
by Josephwalker · February 13 , 2019
Polyphenylene sulfide (PPS) resins consumption is likely to surpass 93.7 thousand tons in 2019, according to ???s new study. The polyphenylene sulfide (PPS) resins market grew at a 5.3% in 2018, with overall growth driven by,
Exponentially rising demand in the automotive industry Major production capacity expansion projects by prominent players Introduction of new grades of polyphenylene sulfide (PPS) resins Indispensable role of polyphenylene sulfide (PPS) in multiple demanding applications
Engineering thermoplastic polymers have acquired a special position across industries owing to their unique functionalities that accommodate current demand for recyclability and sustainability. Polyphenylene sulfide (PPS) fits well in this demand wherein the polymer has replaced metal and other thermosets considerably in multiple applications.
Request a PDF sample of the report @ ;rep_id=2473
Despite competition from many thermoplastic polyesters and high-performance thermoplastics, the exceptional chemical and heat resistance of polyphenylene sulfide (PPS) differentiates the polymer.
Polyphenylene sulfide (PPS) resins demand has skyrocketed in past decades, majorly due to buoyancy in the automotive industry post the great recession of 2008. study estimates that the automotive industry registered nearly 49% of the global polyphenylene sulfide (PPS) resin consumption in 2018. The industry will continue to present significant demand for polyphenylene sulfide (PPS) resin in the future.
In particular, polyphenylene sulfide (PPS) resins will be highly sought-after in electric and hybrid vehicles. For their higher thermal resistance, PPS resins are being incorporated in electric auto parts that run at high temperatures such as lithium-ion batteries, electric motor wires, insulation films and other electric parts.
Well aware of the projected demand rise for polyphenylene sulfide (PPS) resins in the future, prominent manufacturers of PPS resins are actively engaged in expansion of production capacities and introduction of new PPS grade materials.
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