Typhenylene Sulfide Case Summary
San Francisco, January 23, 2014 - The global market volume for Polyphenylene Sulfide (PPS) is expected to be over 170 kilo tons by 2020, according to a new study by Grand View Research, Inc. Growth in global automotive industry; particularly in China is expected to drive the demand for PPS. In addition, the favorable regulatory scenario in China with regards to the automotive industry is expected to further augment the demand for PPS over the forecast period. Grand View Research further observes the growing use of PPS in filter bags, which are used in coal boilers and dust chamber filters. PPS is the preferred thermoplastic for filters bags due to the superior chemical resistance and longer service life.
Automotive and Filter bags were the largest end-use segments for PPS in 2012, together accounting for over 50% of global demand. PPS is used in a …show more content…
The region is expected to witness the fastest growth rate over the forecast period on account of the growing end user industry. China is expected to see remarkable growth in the automotive, electronics and aerospace industry over the next decade which is expected to result in increased demand for PPS. Japan and North America were prominent PPS consumers in 2012 owing to the widespread presence of automotive and industrial companies. China has favorable regulatory scenario which makes it a lucrative market for PPS. The region is expected to have the highest capacity addition over the next five years due to the growing demand from the end user industries. The PPS market is fragmented on the global level with manufacturing being predominantly done in China, South Korea, Japan and the U.S. However, regional markets are oligopolistic in nature with China being the most important market. The key companies operating in the market include Sino Polymer, Chevron Phillip, DIC Corporation, Toray Industries and SK
Automotive and Filter bags were the largest end-use segments for PPS in 2012, together accounting for over 50% of global demand. PPS is used in a …show more content…
The region is expected to witness the fastest growth rate over the forecast period on account of the growing end user industry. China is expected to see remarkable growth in the automotive, electronics and aerospace industry over the next decade which is expected to result in increased demand for PPS. Japan and North America were prominent PPS consumers in 2012 owing to the widespread presence of automotive and industrial companies. China has favorable regulatory scenario which makes it a lucrative market for PPS. The region is expected to have the highest capacity addition over the next five years due to the growing demand from the end user industries. The PPS market is fragmented on the global level with manufacturing being predominantly done in China, South Korea, Japan and the U.S. However, regional markets are oligopolistic in nature with China being the most important market. The key companies operating in the market include Sino Polymer, Chevron Phillip, DIC Corporation, Toray Industries and SK