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Polyphenylene sulfide (PPS) resin is a high-performance semi-crystalline thermoplastic characterized by high heat deflection, good chemical defiance, omitted stability of size, and flame retardation. It is the best substitute to thermosets and metals for different systems. PPS reinforcement improves hardness, temperature resistance, impact strength and many other physical & mechanical properties. Polyphenylene sulfide resins probably consist of mineral or glass reinforcement. For some specialty, polyphenylene sulfide (PPS) resin compounds, polytetrafluoroethylene (PTFE) or polymer plus specialty fillers and/or carbon fiber can be included. Polyphenylene sulfide (PPS) resin has a unique combination of properties, like its cost-effectiveness and performance balance. Polyphenylene sulfide (PPS) resins are classified under high-performance thermoplastics (HPTPs), which include special nylon, polybenzimidazoles, acetals, polymethylene, polyamide-imides (PAIs), and others. PPS are majorly used in industries such as mechanical, electrical, automotive, packing industry, and industries containing & incorporating PPS cables, fibers, films, gasket, and coal boilers. The mechanical, automobile, electrical and electronic industries use polyphenylene sulfide majorly.
COVID-19 Scenario Analysis:
The outbreak of the COVID-19 pandemic has impacted the global polyphenylene sulfide resins market to a great extent.
One of the major factors responsible for driving the growth of the global polyphenylene sulfide (PPS) resins market is the rapid growth in the automobile, electrical, electronics, industrial, and aerospace sector. However, the development of electric vehicles is expected to continue to experience growth in the future, especially in China and India, where governments opened programs to promote the removal of fuel, due to various environmental problems. In addition, China is the dominating country due to presence of world’s largest electronics manufacturing infrastructure. There is wide increase in demand for electronic products such as, OLED TVs, smart meters, toys, smartphones, tablets, earphones, and cables in the last two-decades. There has been an increase in the disposable income of middle-class Chinese people, and the growing demand for electronic products, especially from imported electronic products from China, electronic production has increased significantly, over the past few years. The Indian government is focused on the growth of the electronics sector. Therefore, the government is engaged in developing various programs, such as the Phased Manufacturing Program (PMP), with the aim of adding more smartphone components under the “Make in India” program. This is expected to drive home production of mobile handsets and other electronic products.
In terms of market share, Asia-Pacific dominates across the globe in the polyphenylene sulfide (PPS) resin market due to surge in demand for automotive, electronics, and electrical items, especially in India and China.
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Questions Answered in the Polyphenylene Sulfide Resins Market Research Report:
Polyphenylene Sulfide Resins Market: Global Opportunity Analysis and Industry Forecast, 2021–2028 Report Highlights
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Key Market Players | RTP Company, DIC Corp., Fortron Industries LLC (joint venture of Kureha Corp. and Celeanse Corp.), S.K. Chemicals, SABIC, Initz Co. Ltd ( a joint venture between SK Chemicals and Teijin Ltd)., Tosoh Corp. (manufacturer PPS resins), DSM, Torray Resin Company, Zhejiang NHU Special Materials, Lahman &Voss, Solvay, Poly-plastic, Lumena, Celanese, Kureha Corp., Lion Idemitsu Composites |
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