Global Polyphenylene Sulfide Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Polyphenylene Sulfide Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global polyphenylene sulfide market report has been segmented on the basis of application and region.
Polyphenylene sulfide is a semi-crystalline, and high temperature engineering plastic, that is widely used across various industries owing to its features such as high temperature, chemical resistance, and high mechanical strength. These properties of polyphenylene sulfide make it appropriate alternative for various thermosets and metals. The demand for polyphenylene sulfide has rapidly increased in various applications such as filter bag in coal boilers, automotive components, and electrical and electronic products.
Polyphenylene sulfide is available in diverse grades and forms, including films, fibers, coatings, compounds, and filaments. Unfilled polyphenylene sulfide resin holds an ability to melt as melt blown as well as melt spun, to offer fibers and fabrics which have applications in filtration media, conveyor belts, and flame-resistant clothing. In addition, various reinforcing materials such as glass fibers aid in reinforcing polyphenylene sulfide to improve its mechanical and thermal properties. Polyphenylene sulfide is applied in the injection molding processes and be turned into coatings and films. These flexible properties make polyphenylene sulfide preferred choice for wide range of applications across various end-use industries.
Increasing demand for polyphenylene sulfide across different end-use industries such as electronics and electrical and automotive is a major factor estimated to drive growth of the target market in the next 10 years. In addition, increasing adoption of polyphenylene sulfide in various filter bag and coating applications is another factor expected to propel growth of the target market over next few years.
In addition, increasing consumption in filter and filter bag applications, coupled with rapid growth in hybrid and electric vehicles market are other factors projected to drive growth of the target market. Replacement of conventional materials is another key factor estimated to fuel growth of the target market over the next 10 years.
However, rising demand for substitutes such as polyamide, PEI, PEEK, coupled with fluctuating raw material prices are major factors estimated to hamper growth of the global market to certain extent.
On the basis of application, automotive segment is expected to register moderate share in term of revenue in the global polyphenylene sulfide market. Polyphenylene sulfide are used widely in various automotive applications such as switches, coolant systems, transmission components, and pistons. In addition, polyphenylene sulfide is utilized in automotive industry owing to its various mechanical properties, such as resistance to abrasion, impact resistance, scratch resistance, easy moldability, thermal stability, and excellent appearance. The automotive segment revenue is anticipated to register largest CAGR over the forecast period.
Asia Pacific polyphenylene sulfide market is estimated to account for major share in terms of revenue in the global market. Asia Pacific polyphenylene sulfide market is estimated to register fastest growth in terms of revenue over the next 10 years, owing to increasing adoption of polyphenylene sulfides in various electronics and electrical, automotive, aerospace, and coating applications.
Global polyphenylene sulfide market segmentation:
Segmentation by application:
- Electrical & electronics
- Filter bags
- Other Industrial Applications (sterilizable medical, dental, and laboratory equipment, hair dryer grills, and components)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Solvay SA
- Tosoh Corporation
- DIC Corporation
- Toray Industries, Inc.
- Kureha Corporation
- Fortron Industries LLC
- Initz Co., Ltd.
- Albis Plastic GmbH
- Chengdu Letian Plastics Co., ltd.
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