POLYPHENYLENE SULFIDE (PPS) MARKET ANALYSIS

Leading Companies

Key players focusing on organic growth strategies to ensure sustainable growth in the polyphenylene sulfide market

Various leading companies in the global polyphenylene sulfide market have been launching new products with more advanced features to increase the application area and in turn enhance market presence of the players. For instance, DIC introduced impact modified PPS, an elastomer-modified PPS, which possessed features such as elongation, improved strength, excellent performance even under high temperature and humidity, and low flash level. Apart from this, a few key companies are expanding their production facilities in order to cater to growing demand for PPS. For instance, in April 2014, Celanese Corporation, a specialty materials company, announced the expansion of its Nanjing, China manufacturing facility. The company added a new PPS compounding unit to the facility, which helps in replacement of thermo sets and metals in certain applications like aerospace, automotive and electronics. The PPS market is expected to witness increasing competition over the near future with emergence of various local players focusing on capitalizing on lucrative growth opportunities on offer in the market.