Thursday, 08 June 2023 09:11 GMT

Growing Electric Vehicles Industry To Drive The Polyphenylene Sulfide Resin Market During 2023-2033 X Herald


(MENAFN- Ameliorate Digital Consultancy) The growing electric vehicles (EVs) industry is expected to drive significant growth in the polyphenylene sulfide (PPS) resin market. PPS resin is a high-performance thermoplastic with excellent mechanical, electrical, and thermal properties, making it well-suited for various applications in the automotive sector. One of the key factors driving the demand for PPS resin in the EV industry is lightweighting. EVs require lightweight materials to improve energy efficiency and extend battery range. PPS resin offers a high strength-to-weight ratio, making it an ideal choice for manufacturing lightweight components in EVs. By replacing traditional metals and other plastics with PPS resin, manufacturers can reduce the overall weight of the vehicle while maintaining structural integrity.

Furthermore, PPS resin's exceptional electrical and thermal properties make it suitable for use in electrical and electronic applications within EVs. With the incorporation of complex electrical systems in EVs, PPS resin can be used in components such as connectors, sensors, circuit boards, and motor parts. Its excellent electrical insulation and thermal stability ensure reliable performance in the demanding automotive environment. Moreover, PPS resin plays a role in battery technology for EVs. It is used in components like cell separators and housing materials due to its thermal and chemical resistance. By utilizing PPS resin, manufacturers can enhance the safety and performance of EV battery systems, providing insulation, preventing thermal runaway, and improving overall battery efficiency.

As the EV industry expands, the demand for charging infrastructure also grows. PPS resin can be utilized in the manufacturing of charging connectors and cables. Its high-temperature resistance and mechanical strength make it suitable for applications where durability and reliability are crucial.

Overall, the growth of the electric vehicle industry presents significant opportunities for the PPS resin market. The demand for lightweight, high-performance materials in EVs, coupled with the unique properties of PPS resin, positions it as a favored choice for various applications within the sector.

Get a Free Sample PDF of this Research Report

Key findings of the Polyphenylene Sulfide (PPS) Resins market study:

  • The report provides a present market outlook on Polyphenylene Sulfide (PPS) Resins. Additionally, the Polyphenylene Sulfide (PPS) Resins market share is anticipated to grow with a CAGR of 6.7% in the forecast period.
  • Regional breakdown of the Polyphenylene Sulfide (PPS) Resins market based on predefined taxonomy.
  • Innovative manufacturing processes implemented by Polyphenylene Sulfide (PPS) Resins vendors in detail.
  • Region-wise and country-wise fragmentation of the Polyphenylene Sulfide (PPS) Resins market to grasp the revenue, and growth outlook in these areas.
  • Changing preferences among consumers across various regions and countries.
  • Factors (Positive and Negative) impacting the growth of the global Polyphenylene Sulfide (PPS) Resins market.
  • Polyphenylene Sulfide (PPS) Resins price, market share, and Trends forecast for assessment period 2023-2033

Why Do Linear Polyphenylene Sulfide (PPS) Resins in High Demand?

Linear polyphenylene sulfide (PPS) resins are in high demand due to several reasons:

  • High-temperature resistance: Linear PPS resins possess exceptional thermal stability and can withstand high operating temperatures, typically up to 240°C (464°F) continuously. This property makes them suitable for applications in industries such as automotive, electrical and electronics, aerospace, and industrial manufacturing, where exposure to elevated temperatures is common.
  • Chemical resistance: PPS resins exhibit excellent chemical resistance, making them highly resistant to various chemicals, including acids, bases, solvents, and fuels. This property allows them to be used in applications where exposure to aggressive chemical environments is expected, such as automotive components, chemical processing equipment, and electrical connectors.
  • Mechanical properties: Linear PPS resins offer excellent mechanical properties, including high tensile strength, stiffness, and dimensional stability. These properties make them suitable for structural applications that require strength and rigidity, such as automotive components, electrical connectors, and pump housings.
  • Electrical insulation: PPS resins have good electrical insulating properties, making them suitable for electrical and electronic applications. They are often used in components such as connectors, sockets, switches, and circuit boards, where electrical insulation and heat resistance are essential.
  • Flame retardancy: Linear PPS resins are inherently flame retardant, meaning they have a high resistance to ignition and do not support combustion. This property is crucial for applications where fire safety is a concern, such as electrical connectors, switches, and automotive components.
  • Lightweight: PPS resins have a relatively low density, making them lightweight compared to metals and some other engineering plastics. This property is advantageous in applications where weight reduction is desired, such as automotive and aerospace industries, as it can contribute to improved fuel efficiency and overall performance.

    The combination of these properties makes linear PPS resins highly sought after in various industries, including automotive, electrical and electronics, industrial, and chemical processing. Their ability to withstand high temperatures, resist chemicals, provide mechanical strength, and offer flame retardancy positions them as versatile materials for demanding applications.

    Competitive landscape analysis

    The development of new grades of polyphenylene sulphide (PPS) resins, as well as an increase in manufacturing process innovation, are driving demand for PPS resins.

    To obtain a competitive advantage in the polyphenylene sulphide (PPS) resins market, prominent businesses have used strategies such as improved product development, capacity growth, mergers, acquisitions, and alliances.

    Some of the leading companies operating in the market are :

    • Solvay SA
    • Toray Industries
    • Kureha Corporation
    • Forton Industries LLC
    • DIC Corp.

    What insights does the Polyphenylene Sulfide (PPS) Resins report provide to the readers?

    • Polyphenylene Sulfide (PPS) Resins fragmentation on the basis of product type, end use, and region.
    • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
    • Collaborations, R&D projects, acquisitions, and product launches of each Polyphenylene Sulfide (PPS) Resins
    • Various regulations imposed by the governments on the consumption of Polyphenylene Sulfide (PPS) Resins in detail.

    Segmentation of Polyphenylene Sulfide (PPS) Resins Industry Research

    By Type:

    • Linear PPS
    • Cured PPS
    • Branched PPS

    By Application:

    • Electrical & Electronics
    • Automotive
    • Aerospace & Defense
    • Industrial
    • Filters & Filter Bag
    • Coatings
    • Others

    By Region:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

    For in-depth competitive analysis, Buy Now –

    Contact:

    US Sales Office:
    11140 Rockville Pike
    Suite 400
    Rockville, MD 20852
    United States
    Tel: +1 (628) 251-1583

    Email:


  • MENAFN25052023004660010643ID1106317262


    Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.