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Advanced Polyphenylene Sulfide Grades Replacing Metal and Thermoset, as Recyclability and Sustainability Gain Prominence

Polyphenylene Sulfide (PPS) Resins Market

ROCKVILLE, MARYLAND, UNITED STATES, January 13, 2022 /EINPresswire.com/ -- Latest industry survey by Fact MR, predicts sales of Advanced Polyphenylene Sulfide Grades to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.

The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

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The global Advanced Polyphenylene Sulfide Grades market to progress at a CAGR of 6.7% and be valued at US$ 2.2 Bn by 2031. Currently, PPS resins account for close to 1% of the global engineering thermoplastics market.

Polyphenylene sulfide resin production in 2021 is estimated to surpass 120 KT, with approximately 50% being consumed in the APEJ region, states Fact.MR, a market research and competitive intelligence provider. Overall polyphenylene sulfide (PPS) resin consumption is set to reach 199 KT by the end of 2031. 

PPS Resins Market Size in 2020 US$ 1 Bn
Consumption Forecast for PPS Resins by 2031 US$ 2.2  Bn
Global Market Growth Rate (2021 to 2031) 6.7% CAGR
Share of Top 5 Manufacturers of PPS Resins 77%

The report offers actionable and valuable market insights of Advanced Polyphenylene Sulfide Grades. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Advanced Polyphenylene Sulfide Grades Market across various industries and regions.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Advanced Polyphenylene Sulfide Grades market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Advanced Polyphenylene Sulfide Grades

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Key Segments Covered in PPS Resins Industry Research

By Application

Electrical & Electronics
Automotive
Aerospace & Defence
Industrial
Filters & Filter Bag
Coatings
Others 

Advanced Polyphenylene Sulfide Grades consumption is likely to surpass 93.7 thousand tons in 2019, according to Fact.MR’s new study. The Advanced Polyphenylene Sulfide Grades market grew at a 5.3% in 2018, with overall growth driven by,

Exponentially rising demand in the automotive industry

Major production capacity expansion projects by prominent players

Introduction of new grades of Advanced Polyphenylene Sulfide Grades

Indispensable role of polyphenylene sulfide (PPS) in multiple demanding applications

Engineering thermoplastic polymers have acquired a special position across industries owing to their unique functionalities that accommodate current demand for recyclability and sustainability. Polyphenylene sulfide (PPS) fits well in this demand wherein the polymer has replaced metal and other thermosets considerably in multiple applications.

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Greater China Consumed 40% of the Global Advanced Polyphenylene Sulfide Grades in 2018
According to the study, APEJ accounted for nearly 45% of the global Advanced Polyphenylene Sulfide Grades in 2018. Major consumption remains consolidated in Greater China which accounted for about 40% of the global PPS resin demand in 2018.

China with its largest coal fleet as well as largest number of heavy capacity coal plants present significant demand for PPS filter bags, thereby accounting for a considerable demand for PPS resins. As one of the leading CO2 emitter and coal consumer, China is likely to take efforts in mitigating climate issues in the future, thereby presenting lucrative opportunities for Advanced Polyphenylene Sulfide Grades in the future.

Japan, while hosting few of the largest producers of Advanced Polyphenylene Sulfide Grades, continues to be one of the leading producers globally. The country presents significant consumption as well as exports of PPS resins to global countries. In addition, Japanese manufacturers are actively engaged in regional expansion strategies to establish a strong foothold in potential markets.

Fact.MR report tracks the Advanced Polyphenylene Sulfide Grades market for the period 2019-2027. According to the report, the polyphenylene sulfide resins market is projected to grow at 6.1% CAGR through 2027.

Report Benefits & Key Questions Answered

Advanced Polyphenylene Sulfide Grades Company & brand share analysis: The report offers brand-share analysis on Advanced Polyphenylene Sulfide Grades market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.

Advanced Polyphenylene Sulfide Grades Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.

Advanced Polyphenylene Sulfide Grades Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.

Advanced Polyphenylene Sulfide Grades Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.

Advanced Polyphenylene Sulfide Grades Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.

Post COVID consumer spending on Advanced Polyphenylene Sulfide Grades: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Advanced Polyphenylene Sulfide Grades sales.

More Valuable Insights on Advanced Polyphenylene Sulfide Grades Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Advanced Polyphenylene Sulfide Grades, Sales and Demand of Advanced Polyphenylene Sulfide Grades, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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Supriya Bhor
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