Polyphenylene Sulfide Market with Current Trends Analysis, 2017-2024

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Polyphenylene Sulfide Market with Current Trends
Analysis, 2017-2024 Global Market Insights Inc.
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Regional Analysis of Polyphenylene Sulfide
Market

• Asia Pacific is expected to observe high growth
  in demand due to economic advancement in the
  region coupled with increased product
  requirements from electrical electronics,
  filter baggage and automotive industries. China
  is expected to lead the regional polyphenylene
  sulfide market owing to rise in its product
  imports to meet demand. Various crucial players
  including both global and local players are
  expanding their manufacturing bases in the
  country due to high availability of low waged
  employees.
• Japan is one of the largest producer of these
  resins globally and is expected to continue this
  trend in a positive way. Presence of
  well-equipped manufacturing plants with latest
  technology favors polyphenylene sulfide market
  growth in the country. High product manufacturing
  rate in the country is creating an oversupply
  scenario in the overall polyphenylene sulfide
  market. With the definite capacity, these
  polyphenylene sulfide market players are
  anticipated to operate at low operating margins
  to generate future expansions depending on the
  rising demand.

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• Application Analysis of Polyphenylene Sulfide
  Market
• Automotive industry is the chief driver
  contributing to high growth rates of the global
  polyphenylene sulfide market demand. It is used
  in various common and newly developed automobile
  applications including rear windshield glazing,
  instrument panels, headlight lens, door panels,
  wheel covers, center consoles, roof modules,
  interior trims, door handles, bumpers and
  housings. It is also used in other automotive
  applications including electrical components,
  chassis, powertrain and trim components. Major
  driver for the polyphenylene sulfide market
  growth in automotive industry comes from
  flexibility in design, ease of assembly during
  production and weight reduction potential.
• Polyphenylene Sulfide Market size is expected to
  witness a surge in demand owing to a significant
  product development in various applications
  including electronics, electrical, industrial,
  automotive and aviation. Increasing consumption
  of product compound for high temperature
  applications owing to its superior mechanical and
  performance features. Rise in product consumption
  in coating applications due to high chemical
  resistance, excellent electrical properties and
  high heat resistance will accelerate the market
  demand.

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Competitive Market Share of Polyphenylene
Sulfide Market

• Some of the dominant polyphenylene sulfide market
  players include Toray, Lumena, Chevron Phillips
  Chemical, Bayer, FORTRAN, INITZ, Solvay, SABIC,
  Chengdu Letian Plastics and Tosoh.
• Other prominent players are Haohua Honghe
  Chemical, SK Chemicals, Celanese, Zhejiang NHU,
  AETNA PLASTICS, Jiangsu Ruitai Technology
  Kureha, RTP, DIC, Toyobo, Daicel and Lion
  Idemitsu Composites.

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