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Polyphenylene Sulfide Compounds Market Leading Players And Growth Forecast To 2031
3/9/2022
Polyphenylene Sulfide Compounds Market: Overview
The polyphenylene sulfide compounds market is anticipated to observe considerable growth opportunities during the forecast period of 2021-2031. The expanding usage of polyphenylene sulfide compounds in a plethora of end-user industries will bring substantial growth prospects for the global market.
Automotive (power control units, sensors, ADAS, electric motors, thermal management, electric control units, sensors,others), water supply, coatings, aerospace, electrical and electronics, and others are some end-users where polyphenylene sulfide compounds are used extensively. These factors bode well for the growth of the polyphenylene sulfide compounds market.
Polyphenylene sulfide (PPS) is a high temperature, partially crystalline performance polymer. It is chemical-resistant and flame retardant. The melting point of polyphenylene sulfide is 280°C. The chemical compounds have unique physical properties, is resistant, and unaffected by alkaline or acidic environments. The excellent properties of polyphenylene sulfide compounds make it an ideal fit in various applications.
Exceptional mechanical strength, good dimensional stability, extensive chemical resistance, and flame resistance are some of the prominent properties that serve as profitable growth prospects for the polyphenylene sulfide compounds market. The overwhelming use of polyphenylene sulfide compounds in various applications across the oil and gas industry such as centrifugal pump components, proximity, scraper, and proximity probe housing will bring tremendous growth opportunities for the polyphenylene sulfide compounds market. Barring the COVID-19 pandemic, the demand for oil and gas has been consistent. Hence, this factor will invite profitable growth for the polyphenylene sulfide compounds market.
The research conducted on the global market for polyphenylene sulfide compounds by Transparency Market Research (TMR) is a treasure of information for the stakeholders and CXOs. All the information has been compiled systematically in a report which provides valuable insights to the stakeholders about the recent trends, competitive landscape, regional aspects, and many other touch points that describe the growth trajectory of the polyphenylene sulfide compounds market. The COVID-19 impact has also been included in the report.
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What are Competitive Dimensions of Polyphenylene Sulfide Compounds Market?
The polyphenylene sulfide compounds market is moderately fragmented. A plethora of players compete for obtaining a good consumer base. The players are also involved in new product launches. For instance, DIC Corporation recently added DIC PPS FZ-2140-F3 BLACK, a glass-reinforced polyphenylene sulfide compound to its range of products. Furthermore, research and development activities also play a pivotal role in the growth of the polyphenylene sulfide compounds market.
Strategic collaborations form an important part of the growth cycle of the polyphenylene sulfide compounds market. The players are involved in mergers, acquisitions, joint ventures, and partnerships. These activities help in expanding the influence of the players, ultimately contributing to the growth of the polyphenylene sulfide compounds market.
Some well-entrenched players in the polyphenylene sulfide compounds market are Celanese Corporation, DIC Corporation, SK Chemicals, Solvay S.A., and Toray Industries, Inc.
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What are Key Trends in Polyphenylene Sulfide Compounds Market?
Increasing Demand for Consumer Electronics to Assure Promising Growth
The rising disposable income has led to an increase in the standard of living of the individuals around the globe. This aspect has also resulted in an increase in the demand for consumer electronics. As polyphenylene sulfide compounds are used on a large scale in these electronics, the growth rate is expected to increase.
Expanding Popularity as Substitute to Metals in Automotive Industry to Bring Considerable Growth for Polyphenylene Sulfide Compounds Market
The growing regulations on vehicles and limitations on carbon emissions may serve as growth boosters for the polyphenylene sulfide compounds market. Automotive manufacturers use polyphenylene sulfide compounds to reduce the weight of the vehicle to decrease carbon emissions. Thus, these factors will invite substantial growth for the polyphenylene sulfide compounds market.
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