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Business Survey: Polyphenylene Sulphide Market to 2022 Trends and Forecast Credence Research

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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 i
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Polyphenylene Sulphide (PPS) Market is Expected to
Reach US$ 2.0 Bn by 2022
Report Description:
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 automotive industry in China and Japan. Another factor
contributing to the growth of global PPS market is the increasing use of filter bags in thermal
and coal power plants. Hence, high demand is experienced for PPS in the global market.
Browse All Reports Of This Category: http://www.credenceresearch.com/industry/chemicalsmarket
Competitive Insights
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PPS is used in a wide range of end-use industries. On the basis of its applications, the global PPS
market is segmented into electrical & electronics, automotive, industrial, coatings, filtration &
filter bags and others. Filtration & filter bags accounted for major share of global PPS market in
2014. Stringent regulations in the industrial sector have led to high demand for PPS in the
market. Resistance towards mineral and alkaline acids and hydrolysis properties has
contributed to the growth of filtration & filter bags globally. Electrical & electronics was the
second largest application segment of PPS and is expected to boost market demand in the near
future. Rising demand for PPS in the manufacture of electrical components is expected to boost
market demand in the coming years. Other applications such as automotive, coatings, industrial
and others are also projected to fuel market demand for PPS during the forecast period from
2016 to 2022.
Key Trends
High demand from various end use industries
Automotive industry driving the growth of market
Asia Pacific is the fastest growing region
Opportunities from increase in industrial applications
Click Here To Download Detail Report: http://www.pdfdevices.com
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Author
rodney
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