Report DescriptionAbout IMARC Group

International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Global Polyphenylene Sulfide (PPS) Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Polyphenylene Sulfide (PPS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

," the global polyphenylene sulfide (PPS) market size reached US$ 1.7 Billion in 2022.

Polyphenylene sulfide (PPS) refers to a semicrystalline material that is generally utilized in the manufacturing of various electronic components, such as circuits, sockets and plug-ins. It is produced by a reaction of dichlorobenzene and sodium sulphide that usually exhibits excellent electrical properties. Along with this, it is strong, tough and offers inherent flame resistance.

Additionally, it is an organic polymer that is also used in the production of filter fabric for papermaking felts, film capacitors, gaskets, coil boilers and specialty membranes. In comparison to polyimide (PI) and polyether ether ketone (PEEK), the production cost of PPS is relatively costefficient, due to which it is gaining prominence across the globe.

Request for a PDF sample of this report: https://www.imarcgroup.com/polyphenylene-sulfide-market/requestsample

Global Polyphenylene Sulfide (PPS) Market Trends:

The global market is primarily driven by the increasing product demand across the aerospace industry. This is supported by the rising utilization of PPS as a preferred alternative for aluminum in the manufacturing of airbus. Moreover, the widespread usage of PPS in the production of hybrid vehicles is creating a positive outlook for the market. Additionally, the widespread product utilization in the manufacturing of dust chambers and filter bags across power plants is acting as another major growthinducing factor.

Furthermore, continuous technological advancements in manufacturing processes are positively influencing the market growth. Other factors, including continuous product innovations, rapid industrialization and extensive research and development (R&D) activities conducted by key players in order to introduce higher grade PPS variants, are further contributing to the market growth.

Looking forward, IMARC Group expects the market to reach a value of US$ 2.4 Billion by 2028, exhibiting at a CAGR of 5.1% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/polyphenylene-sulfide-market