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Thursday, 27 June 2019

Polyphenylene Sulfide Market Size, Trends, Growth, Share, Opportunities and Forecast by 2025

Industry Insights

Polyphenylene sulfide is a crystalline polymer, whose high chemical resistance and temperature performance among other properties are projected to fuel the demand over the next few years.
Polyphenylene sulfide finds application in aerospace and defense. PPS composites have been used for making rudders and elevation in the Gulfstream G650 business jet in the past. They are projected to find greater use in airplane manufacturing with the increasing use of composites for manufacturing airplanes such as the Airbus A380 and Boeing 787 Dreamliner, which use up to 50% of composites in the primary structure including fuselage and wing.
PPS market size is anticipated to witness significant growth over the next eight years owing to increasing demand from various sectors including automotive, electronics, industrial, and aerospace. Rising consumption of the compound in high-temperature applications owing to superior performance and mechanical characteristics is projected to drive the market over the next few years.
Increasing use in various automotive parts such as engine components, switches, transmission components, pistons, and coolant systems will fuel industry growth. Increasing automotive manufacturing especially in China, Indonesia, Mexico, U.S., Germany, South Korea, Japan, Taiwan, and Malaysia will promote market expansion in the upcoming years.
Global Polyphenylene Sulfide market

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Application Insights
Coatings are used to protect ferrous parts in chemical and construction industries from corrosion. Polyphenylene sulfide coatings can be applied using methods such as slurry coating, electrostatic coating on cold or hot surfaces, powder flocking, or fluidized bed coating. However, these techniques require subsequent oven curing, leading to the coatings being exposed to temperatures in the range of 300 °C to 3700 °C. This process limits the use of PPS coatings on large surfaces since they cannot be accommodated in the oven.
Regional Insights
Robust manufacturing base of automotive vehicles in U.S. is projected to exhibit a positive influence on the polyphenylene sulfide industry in near future. Growing demand for the product from the U.S. aerospace industry owing to the surge in commercial flying is likely to further boost this growth. Accelerated replacement of obsolete aircraft with next-generation, fuel-efficient aircraft is further expected to spur the commercial aerospace sector in the country.
Automotive industry is one of the significant sectors in Germany and produces more than 6 million vehicles including passenger and commercial vehicles every year. Germany is one of the leading manufacturers of passenger vehicles among the European Union countries. The country’s automotive market accounts for over 29% of the total automobile industry share in Europe. Growing automotive industry in Germany is likely to promote growth of PPS market in the future.

Report Scope

Attribute
Details
Base year for estimation
2018
Actual estimates/Historical data
2014 - 2017
Forecast period
2019 - 2025
Market representation
Volume in Tons, Revenue in USD Million & CAGR from 2019 to 2025
Regional scope
North America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Report coverage
Revenue forecast, company share, competitive landscape, growth factors and trends
Country Scope
U.S., Germany, Japan, China, Brazil
15% free customization scope (equivalent to 5 analyst working days)
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization