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Global Polyphenylene Sulfide Market to Grow at a CAGR of 9.7% by 2021 - Growing Focus on the Production of Bio-based Engineering Plastics - Research and Markets

DUBLIN, Mar. 31, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Polyphenylene Sulfide Market 2017-2021" report to their offering.

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The global PPS market to grow at a CAGR of 9.75% during the period 2017-2021.

The report, Global PPS Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

The global PPS market is expected to witness an increase in the production of bio-based plastics over the coming years. This is because the key players in the global PPS market are adopting bio-based plastics to minimize the harmful effects of plastics on the environment. SABIC offers polycarbonate resins with up to 5% bio-based content derived from castor oil. The resin is marketed under the brand name Lexan. Evonik provides bio-based polyamides under the brand name Vestamid Terra. The vendors in the market are also exploring the production of bio-based (polyethylene terephthalate) PET. In addition to enhancing their portfolio with green products, these vendors are also focusing sustainable methods of production.

According to the report, the strong demand from the automotive industry is a major driver contributing to the growth of the global PPS market. PPS is used in various automobile parts. Some of the common and newly developed application areas for PPS in automobiles are instrument panels, center consoles, door panels, roof modules, rear windshield glazing, wheel covers, door handles, interior trims, headlight lens and housings, and bumpers. PPS is also increasingly used in automotive applications such as powertrain, electrical components, chassis, and trim components. The major factors contributing to the growing demand for PPS from the automotive industry include the potential for weight reduction, ease-of-assembly during production, and flexibility in design. The increasing demand for high-performance materials for application in the automotive engine compartment is also fueling the demand for PPS from the automotive industry.

Key vendors

  • Celanese
  • DIC
  • INITZ
  • Solvay
  • Toray Industries

Other prominent vendors

  • Lion Idemitsu Composites
  • SABIC
  • Tosoh
  • Zhejiang NHU

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by application

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/xpxwt9/global

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-polyphenylene-sulfide-market-to-grow-at-a-cagr-of-97-by-2021---growing-focus-on-the-production-of-bio-based-engineering-plastics---research-and-markets-300432687.html