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Polyphenylene Sulfide’s (PPS) high-temperature performance and chemical resistance among other properties are forecasted to fuel the market demand.
The Global Polyphenylene Sulfide (PPS) Market is forecasted to reach USD 2.57 Billion by 2028, according to a new report by Reports and Data. PPS is utilized in the manufacture of different electronics components, like connectors, micro switches, coil formers, HDD actuators, circuit breakers, relay components, brush holders, bobbins, motor housing, thermostat parts, and many other things. This products will augment the demand for PPS. The market is expected to witness a rise in demand owing to the increasing application from sectors like electronics, automotive, aerospace and industrial. The product is consumed in high-temperature applications, due to its superior performance and mechanical characteristics.
The product is completely recyclable; it reduces emission levels and increases fuel economy. All these factors are expected to drive the market. It is also preferred more over metals because of its weight reduction. Use of PPS as filter bags in coal-fired power plants is forecasted to boost the market. The need for low emissions, higher fuel economy, and reduction in vehicle’s weight is expanding the automotive industry in countries like China, India, and Brazil and will propel the demand for the market.
Asia Pacific holds the largest market share in 2020. China has the largest market for PPS but is mainly depended on imports for demand. Market players are expanding in the country by installing compounding plants. Japan is the largest producer for PPS globally. Japan along with the US has been manufacturing more than there is demand for PPS. The country is expanding in China by setting up new plants. Players have been operating at low costs to create future demand.
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Key Companies in the market include: DIC Corporation, Solvay S.A., Lion Idemitsu Composites Co. Ltd., Kureha Corporation, Tosoh Corporation, Fortron Industries LLC, Medacta, CONMED, Kinamed Inc., and ConforMIS among
Some Key Highlights in the Report
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Type Outlook (Revenue, USD Billion; 2020-2028)
Recyclability Outlook (Revenue, USD Billion; 2020-2028)
Application Outlook (Revenue, USD Billion; 2020-2028)
North America Europe Asia Pacific Latin America Middle East & Africa
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The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Polyphenylene Sulfide (PPS) is expected to rise in the coming years.
Key questions covered in the global Polyphenylene Sulfide (PPS) market report:
What is the expected market size of the global Polyphenylene Sulfide (PPS) market during the forecast period? What factors are expected to hamper global Polyphenylene Sulfide (PPS) market growth over the forecast period? What key factors are expected to drive global revenue growth between Forecast Period? Which application segment is expected to dominate other application segments over the forecast period? Which region is expected to dominate in terms of revenue during the forecast period? What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis? Which leading players are operating in the global Polyphenylene Sulfide (PPS) market?
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The post Polyphenylene Sulfide (PPS) Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2028 | Fortron Industries LLC, Medacta, CONMED, Kinamed Inc. appeared first on Market O Graphics.
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