San Francisco, January 23, 2014 - The global market volume for Polyphenylene Sulfide (PPS) is expected to be over 170 kilo tons by 2020, according to a new study by Grand View Research, Inc. Growth in global automotive industry; particularly in China is expected to drive the demand for PPS. In addition, the favorable regulatory scenario in China with regards to the automotive industry is expected to further augment the demand for PPS over the forecast period. Grand View Research further observes the growing use of PPS in filter bags, which are used in coal boilers and dust chamber filters. PPS is the preferred thermoplastic for filters bags due to the superior chemical resistance and longer service life.
Automotive and Filter bags were the largest end-use segments for PPS in 2012, together accounting for over 50% of global demand. PPS is used in a variety of automobile components whose functionality includes resistance to fuel, transmission and brake fluids at high temperature and antifreeze. PPS coatings accounted for a small percentage of the market in 2012 due to the limitation of the thermoplastic in terms of curing temperature. However, there is high demand for PPS coatings in China due to the development of alternate coating techniques such as powder coatings, flame deposition, fusion deposition and suspension coatings among others which facilitates a wide variety of coating parts. The other end-use of PPS includes electronic and electrical, industrial and aerospace among others.
The report “Polyphenylene Sulfide (PPS) Industry Trends and Market Segment Forecasts to 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/Polyphenylene-Sulfide-(PPS)-Industry
Further Key findings from the study suggest:
The global polyphenylene sulfide demand is expected to reach 170 kilo tons by 2020 growing at a CAGR of over 10% from 2013 to 2020 Automotive and...
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