Polyphenylene Sulfide Market Analysis, Growth And Forecasts To 2020: Hexa Research

Polyphenylene sulfide (PPS) market is expected to grow over the forecast period due its application as a high performance thermoplastic (HPTPs). Global demand is expected to exceed 150 kilo tons by 2020 growing at a double digit CAGR from 2014 to 2020. HPTPs are high price and low volume polymers making them suitable for a variety of niche applications which requires superior properties. PPS is mostly compounded with glass and carbon fiber in order to improve its mechanical properties. PPS demand is mainly driven by its end use industries in emerging economies of Asia Pacific (India and China) and Latin America (Argentina and Brazil). China automobile production increased to 19.27 million in 2012 due to huge market potential and low labor cost making it an automobile manufacturing hub, which in turn will increase the demand in china over the forecast period.

A major restraint is the high price which can hamper growth of market over the forecast period. PPS market suffered a decline in demand during recession due to decrease in demand for automotive and other electrical and electronic appliances. Lumena is a major manufacturer of PPS, as of 2012 company has a production capacity of over 55,000 tons and is planning to increase it further over the next three years. DSM Engineering Plastic and China Lumena New Material Corporations have agreed on joint marketing efforts for variety of engineering plastics.