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According to Technavio’s analysts, the global polyphenylene sulfide market is anticipated to grow at a steady rate and post a CAGR of close to 10% during the forecast period. The increasing demand for PPS filter bags in power plants will drive the growth prospects for the global polyphenylene sulfide market until the end of 2021. The governments of many countries have mandated the usage of filter bags in power plants to reduce the harmful effects of greenhouse gases and control their emission. As a result, the demand for PPS increases as it is used in the filters required in coal-fired power plants and dust chamber filters in incinerators. Also, since PPS polymers have cost advantages over PTFE, polyamides, and aramid, they are increasingly preferred over other fibers. Furthermore, it has been observed that PPS filter bags have a longer service life in comparison to glass fiber filter bags.
The growing focus on the production of bio-based engineering plastics will drive the growth prospects for the global polyphenylene sulfide market for the next four years. Several key players are adopting bio-based plastics to minimize the harmful effects of plastics on the environment, which will accelerate the rate of revenue generation in the global polyphenylene sulfide market. Evonik already provides bio-based polyamides under the brand name Vestamid Terra.
The global PPS market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. According to the industry research report, these vendors in the PPS plastic market are increasingly competing against each other based on factors such as price, performance, and innovation.
Key vendors in this market are -
Other prominent vendors in the market include Lion Idemitsu Composites, SABIC, Tosoh, and Zhejiang NHU.
The global PPS market for automotive applications accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the growing use of PPS composites in automotive components is its ability to withstand high temperature and resist deterioration by fuels and lubricants.
In terms of geography, APAC accounted for the majority market share during 2016 and will continue to dominate the PPS plastic market during the forecasted period. One of the major factors responsible for the growing penetration of hdpe plastic in the region is its applications in automotive, electronics and electrical, filter bags, coatings, and aerospace.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
Tags: hdpepipes, polyvinyl alcohol , safety products, recycling plastic, chemicals and materials top companies, plastics, polymers, and elastomers market analyst,
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