Global Polyphenylene Sulfide Market: Overview
Polyphenylene Sulfide (PPS) is a chemical compound used in various industries for the unique physical properties it displays. It is great resistant and unaffected by acidic or alkaline environments, making it ideal for usage in thermoplastic polymers and filters in extreme conditions. The automotive and chemical industries make the most of this compound. As overall industrial demand grows so will the market for polyphenylene sulfide over the forecast period of 2024 to 2030, as per TMR.
Global Polyphenylene Sulfide Market: Competitive Landscape
Few manufacturers are involved in the production of polyphenylene sulfide. This makes the market scenario concentrated. A few of these players are:
- Toray Industries
- SK Chemicals
- Solvay
- Kureha Corporation
- DIC
- Polyplastics Co., Ltd.
These manufactures recognize the versatility of PPS and are committed to providing high quality materials for a rapidly growing industrial sector.
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Global Polyphenylene Sulfide Market: Key Trends and Drivers
- Industrial output has increased manifold over the last few decades owing to increased demand for various end products. Given the usability of PPS in various such industries, this upward trend would contribute to growth in polyphenylene sulfide market.
- Growth in chemical and automotive industries is anticipated over the period of forecast for the report. This is set to drive global polyphenylene sulfide market growth, creating a host of new opportunities.
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Global Polyphenylene Sulfide Market: Regional Analysis
Japan is the largest producer of PPS resins worldwide with the presence of manufacturing sites of major industry players in the country. This is due to local demand for homegrown industries as well as regional demand from the Asia Pacific region (APAC).
Besides Japan, the United States of America has the majority of the PPS resins manufacturing plants globally. A growing number of large scale industries that are adapting innovations in industrial output create demand for specialist materials like PPS.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Regulations, both region-specific and global, have made massive influence on the microeconomics of the materials and chemicals sector. Governments are intent on promoting the reduce the carbon footprint of the entire chemical and materials manufacturing. As a result, forward-looking organizations in the Polyphenylene Sulfide Market are fervently looking for ‘green’ or low-carbon footprint processes across the entire the value chain. The trend has gained huge momentum from the growing awareness among customers of the affects that chemicals have on the ecology and environment.
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