SAN FRANCISCO, November 4, 2015 /PRNewswire/ --
The global polyphenylene sulfide (PPS) market is expected to reach USD 1.6 billion by 2022, according to a new report by Grand View Research, Inc. Increasing demand in the manufacturing of various automotive parts including IC regulator & rectifier, coolant circuit, brakes, fuel pump parts, actuators, motor insulators, and gaskets will augment industry size over the forecast period.
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Growing automotive sector primarily in China, India, Mexico and the U.S. on account of favorable government policies along with presence of big players in the market is expected to drive demand. Volatility in raw material prices may challenge industry growth over the next seven years.
Browse full research report with TOC on "Polyphenylene Sulfide (PPS) Market Analysis By Application (Automotive, Electronics & Electrical, Industrial, Coatings) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/polyphenylene-sulfide-pps-industry
Technological advancements for the development of eco-friendly, inexpensive, and low VOCs products along with addition of new production capacities by prominent players including DIC and Toray is further expected to open new market opportunities over the next seven years.
Further key findings from the report suggest:
Grand View Research has segmented the global polyphenylene sulfide (PPS) market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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