Portland, OR -- (SBWIRE) -- 11/22/2017 -- Polyphenylene Sulfide Market Report, published by Allied Market Research, forecasts that the global market is expected to $1,856 million by 2022, registering a CAGR of 9.6% during the period 2016-2022. The automotive application is expected to remain the major segment until 2022. Asia-Pacific held the leading position in the global PPS market in 2015, and is projected to maintain this trend throughout the study period.

The key drivers of the global PPS market are increase in the adoption of PPS due to its remarkable properties such as chemical resistance, corrosion resistance, easy moldability, scratch resistance, technological advancements and ability to replace metals as well as other polymers. Increase in the demand of automobiles, advanced electrical & electronic products, and supporting environmental regulations is expected to boost the market growth further. In addition, supportive government regulations such as Digital India Program and Chinas initiative to invest up to $150 billion to develop its domestic semiconductor industry over the next 10 years would also have significant positive impact on the market growth.

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The global Polyphenylene Sulfide Market (PPS Market) is segmented by application and geography on the basis of application market is segmented by Automotive, Electrical & Electronics, Aerospace, Industrial, Medical/Healthcare Others The prominent players profiled in this report include Solvay, Toray, Celanese Corporation, Tosoh Corporation, DIC Corporation, Kureha Corporation, SK Chemicals, Chengdu Letian Plastics Co Ltd., SABIC, and ALBIS.

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