Research and Markets has announce "Polyphenylene Sulfide (PPS) - A Global Market Overview" report which reviews, analyzes and projects the global market for polyphenylene sulfide for the period 2012-2022 while discussing the global PPS resin installed capacities. Global market for polyphenylene sulfide product types analyzed in the report include PPS compounds and other PPS products such as fibers, films and coatings.

Market for PPS application areas analyzed in the study include automotive, electrical & electronics, industrial and other applications. The report also estimates and projects the global PPS market in terms of volume in metric tons and value in USD by geographic regions covering North America, Europe, Asia-Pacific and Rest of World. As a value addition, the report also discusses the global market for PPS on neat resin basis.

Accordingly, the global volume consumption of PPS projected to reach 189.4 thousand metric tons, valued at US$2 billion by 2022 at a CAGR of 7.7% between 2016 and 2022. The automotive sector consumes the largest volume of PPS, with a market share of 41.5% in 2016 and is expected to maintain a 2016-2022 CAGR of 6.6%.

However, the fastest volume CAGR of 11.2% over the same period is likely to be recorded by industrial applications of PPS, the market for which is projected to stand at 59.7 thousand metric tons in 2022. The growth in industrial applications is mainly attributed to the Asia-Pacific region, led by China, where PPS consumption in filter bags and coatings is expected to witness high growth during 2016-2022 periods.

(prnewswire.com)