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Polyphenylene Sulfide Market Worth 1,574.7 Million USD by 2020


News provided by

MarketsandMarkets

22 Jan, 2016, 02:00 GMT

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PUNE, India, January 22, 2016 /PRNewswire/ --

The 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%.

Browse 71 market Tables and 48 Figures spread through 121 Pages and in-depth TOC on "Polyphenylene Sulfide Market"

http://www.marketsandmarkets.com/Market-Reports/polyphenylene-sulfide-market-223711554.html
Early buyers will receive 10% customization on this report.

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%.

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.

For more Info: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=223711554

The players profiled in the Polyphenylene Sulfide 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.

Browse Related Reports: 

Engineering Plastics Market by Type (PC, ABS, PET & PBT, POM, Fluoropolymers and Others), Application (Automotive & Transport, Industrial & Machinery, Packaging, Consumer Appliances, and Others) - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/engineering-plastics-market-687.html

High Temperature Plastics Market by Type (Polysulfones, Polyimides, PPS, Fluoropolymers, and Others), by End-Use Industries (Electrical & Electronic, Transportation, Industrial, Medical, and Others) - Global Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/high-temperature-plastics-market-1192.html

About MarketsandMarkets

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M's flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets


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