Polyphenylene Sulphide (Pps) Market Is Expected to Reach Us$ 2.0 Bn by 2022

Polyphenylene Sulphide (PPS) Market is Expected to Reach US$ 2.0 Bn by 2022

According to a new market report published by Credence Research “Polyphenylene Sulphide (PPS) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022,” the Polyphenylene Sulphide (PPS) market was valued at US$ 0.86 Bn in 2015, and is expected to reach US$ 2.0 Bn by 2022, expanding at a CAGR of 13.0% from 2016 to 2022.

Browse the full Polyphenylene Sulphide (PPS) Market for Electrical & Electronics, Automotive, Industrial, Coatings, Filtration & Filter Bags and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/polyphenylene-sulfide-pps-market

Market Insights

Polyphenylene Sulfide (PPS) is an aromatic polymer which is crystalline in nature and contains sulfide linkages. These polymers are characterized by their molecular weight. Three types of PPS grades are available which include- filled resin, neat resin and glass/mineral filled resins. All the three grades have excellent chemical resistance and high-temperature stability. These polymers differ in their mechanical properties and processibility. PPS which is commercially manufactured is segmented into linear and cross linking processes.

The major factors driving the global Polyphenylene Sulfide (PPS) market include the growth in the Chinese automobile industry. Due to the beneficial properties of PPS such as resistance to fuel, transmission and brake fluids and high temperatures, high demand is reported for PPS from the automotive industry. It helps in increased stability and weight reduction in comparison to the full metal body framework. The vital automotive applications include fuel system parts, electrical & electronic components and induction systems among others. Growing per capita income of people in the region has led to high demand for vehicles in the market. This has led to high growth of...