Polyphenylene Sulfide Market - Global Forecast to 2020

The global Polyphenylene Sulfide (PPS) market size is estimated to reach USD 1,574.7 million by 2020 at a CAGR of 9.6% between 2015 and 2020. High temperature resistance, chemical resistance, flame retardancy, good electrical properties, and high dimensional stability are the key properties of PPS, which make it the preferred material for various applications. PPS provides industries with immense development opportunities of newer materials, which have enhanced properties and improved toughness, thus driving the market growth.

“Automotive and filter bags are the largest applications of PPS”
Growing popularity of PPS over metals and conventional polymers in various applications play a significant role in driving the market. Automotive, electrical & electronics, and filter bags are the most important applications of PPS. This material helps decrease the weight of automotive, which enhances the efficiency. Globally, 15 governments have collaborated to encourage the use of electric and hybrid vehicles. This helps increase the sales of these vehicles in which nearly 5 kgs–6 kgs of PPS are used. The PPS filter bags industry is seeing high growth in Asia-Pacific, with increasing consumption in coal-fired power plants and stringent regulations to reduce particulate matter emissions in China. With the limit set to 50mg/m3, the PPS filter bag application shall replace the conventional filters being used, further driving the PPS market in the country.
“Rising demand in Asia-Pacific is the major growth driver for PPS market “
In 2015, Asia-Pacific was the largest market for PPS. The region is projected to register the highest growth rate, both in terms of value and volume, owing to high demand from China. China is the largest market for PPS globally with major demand from filter bags application. Asia-Pacific is also the largest manufacturer of PPS with the market being dominated by Japanese players. The region also drives the market owing to the presence of emerging markets, availability of raw materials, and lower labor costs.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments gathered through secondary research.
The break-up of primary interviews is given below.

‧ By Company Type - Tier 1 – 34%, Tier 2 – 33%, and Others – 33%
‧ By Designation - C level – 12%, Director level – 25%, and Others – 63%
‧ By Region - North America – 30%, Europe – 27%, Asia-Pacific – 32%, and RoW- 11%

The key companies profiled in this market research report are DIC Corp. (Japan), Tosoh Corp. (Japan), Toray Industries Inc. (Japan), Kureha Corp. (Japan), Solvay SA (Belgium), Fortron Industries LLC (U.S.), China Lumena New Materials Corp. (China), Initz Co. Ltd (South Korea), Zhejiang NHU Special Materials (China), and Lion Idemitsu Composites Co. Ltd. (Japan).

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the PPS market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.

2. The report will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, new product developments, joint ventures, and mergers & acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET SCOPE 12
1.2.1 MARKET DEFINITION 12
1.3 MARKETS COVERED 13
1.3.1 YEARS CONSIDERED FOR THE STUDY 14
1.3.2 CURRENCY 14
1.3.3 PACKAGE SIZE 14
1.3.4 LIMITATIONS 14
1.4 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 18
2.1.2.1 Key data from primary sources 18
2.1.2.2 Key industry insights 19
2.1.2.3 Breakdown of primary interviews 19
2.2 MARKET SIZE ESTIMATION 20
2.2.1 BOTTOM-UP APPROACH 20
2.2.2 TOP-DOWN APPROACH 21
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 22
2.4 RESEARCH ASSUMPTIONS 23
3 EXECUTIVE SUMMARY 24
4 PREMIUM INSIGHTS 28
4.1 ATTRACTIVE MARKET OPPORTUNITIES FOR PPS 28
4.2 INDUSTRY LIFE CYCLE ANALYSIS OF PPS IN DIFFERENT REGIONS 31
5 MARKET OVERVIEW 32
5.1 INTRODUCTION 33
5.2 MARKET SEGMENTATION 33
5.2.1 BY APPLICATION 33
5.2.2 BY REGION 34
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5.3 MARKET DYNAMICS 34
5.3.1 DRIVERS 35
5.3.1.1 Growth in electric and hybrid vehicles market 35
5.3.1.2 Increasing consumption in filter and filter bag applications 35
5.3.1.3 Replacement of conventional materials 36
5.3.2 RESTRAINTS 36
5.3.2.1 Capacity build and oversupply 36
5.3.3 OPPORTUNITIES 37
5.3.3.1 New product developments 37
5.3.4 CHALLENGES 37
5.3.4.1 Halogen-free, ecofriendly, and low-emission PPS 37
6 INDUSTRY TRENDS 38
6.1 INTRODUCTION 38
6.2 VALUE-CHAIN ANALYSIS 39
6.3 PORTER’S FIVE FORCES ANALYSIS 41
6.3.1 BARGAINING POWER OF SUPPLIERS 41
6.3.2 THREAT OF NEW ENTRANTS 42
6.3.3 THREAT OF SUBSTITUTES 42
6.3.4 BARGAINING POWER OF BUYERS 42
6.3.5 INTENSITY OF RIVALRY 43
6.4 PRODUCTION CAPACITIES 43
7 PPS MARKET, BY APPLICATION 44
7.1 INTRODUCTION 45
7.2 AUTOMOTIVE 47
7.3 ELECTRICAL & ELECTRONICS 49
7.4 INDUSTRIAL 51
7.5 FILTER BAGS 52
7.6 AEROSPACE 54
7.7 COATINGS 55
7.8 OTHER APPLICATIONS 57
8 PPS MARKET, BY REGION 59
8.1 INTRODUCTION 60
8.2 NORTH AMERICA 63
8.2.1 U.S. 66
8.2.2 REST OF NORTH AMERICA 67
8.3 EUROPE 69
8.3.1 GERMANY 71
8.3.2 U.K. 72
8.3.3 ITALY 73
8.3.4 FRANCE 74
8.3.5 REST OF EUROPE 75
8.4 ASIA-PACIFIC 77
8.4.1 CHINA 81
8.4.2 JAPAN 82
8.4.3 INDIA 84
8.4.4 SOUTH KOREA 85
8.4.5 REST OF ASIA-PACIFIC 86
8.5 ROW 87
8.5.1 SOUTH AMERICA 88
8.5.2 MIDDLE EAST & AFRICA 89
9 COMPETITIVE LANDSCAPE 91
9.1 OVERVIEW 91
9.2 COMPETITIVE SITUATION AND TRENDS 92
9.3 EXPANSIONS: MOST POPULAR GROWTH STRATEGY BETWEEN 2011 AND 2015 92
9.3.1 EXPANSIONS, 2011-2015 93
9.3.2 NEW PRODUCT DEVELOPMENT 94
9.3.3 JOINT VENTURES/ACQUISITIONS 95
9.3.4 AGREEMENTS 95
10 COMPANY PROFILES 96
(Overview, Financial*, Products & Services, Strategy, and Developments)
10.1 INTRODUCTION 96
10.2 SOLVAY SA 97
10.3 TOSOH CORPORATION 100
10.4 DIC CORPORATION 102
10.5 TORAY INDUSTRIES INC. 106
10.6 KUREHA CORPORATION 109
10.7 FORTRON INDUSTRIES LLC 111
10.8 INITZ CO. LTD. 112
10.9 CHINA LUMENA NEW MATERIALS CORPORATION 113
10.10 ZHEJIANG NHU SPECIAL MATERIALS CO. LTD. 114
10.11 LION IDEMITSU COMPOSITES CO. LTD. 115
*Details might not be captured in case of unlisted companies
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11 APPENDIX 117
11.1 INSIGHTS OF INDUSTRY EXPERTS 117
11.2 DISCUSSION GUIDE 118
11.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 119
11.4 AVAILABLE CUSTOMIZATIONS 120
11.5 RELATED REPORTS 121