North America Polyphenylene Sulfide Compounds Market Size [2022 - 2030] To Reach USD 355.02 MillionPosted by rahul nikade on August 29th, 2022 North America Polyphenylene Sulfide Compounds Industry Overview The North America polyphenylene sulfide compounds market size was valued at USD 212.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2021 to 2030. Vehicular weight reduction regulations, in order to reduce fuel efficiency and ultimately reduce carbon emissions, have driven automotive OEMs to adopt polyphenylene sulfide (PPS) compounds over metals, such as aluminum and steel, for fabricating automotive components. Moreover, properties such as exceptional dimensional stability and resistance to mechanical stress and corrosive automotive fluids are boosting the product demand in the automotive industry. Gather more insights about the market drivers, restrains and growth of the North America Polyphenylene Sulfide Compounds Market Polyphenylene sulfide compounds are widely utilized in automotive, electrical and electronics, industrial coatings, oil and gas, and aerospace industries. Various properties such as exceptional mechanical strength, dimensional stability, inherent flame resistance, and good chemical resistance are significantly propelling the demand for PPS compounds in the abovementioned applications. The growing need for weight reduction in cars to improve their efficiency and reduce emissions has resulted in the demand for lighter polymers to replace heavy metal parts. Polyphenylene sulfide compounds are preferred in automotive applications due to their superior properties, including creep resistance, stiffness, strength, and temperature resistance. The polyphenylene sulfide market in North America is expected to grow owing to the growing application scope of polyphenylene sulfide in various application sectors. In electrical and electronics, polyphenylene sulfide finds application in bobbins and connectors, hard disk drives, electronic housings, sockets, switches, lamp sockets, and microwave parts, among others. Properties of polyphenylene sulfide such as exceptional dimensional stability, heat and chemical resistance, impact resistance, moldability, and rigidity over a wide range of temperatures are significantly fueling the product demand in electrical and electronics applications. Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
North America Polyphenylene Sulfide Compounds Market Segmentation Grand View Research has segmented the North America polyphenylene sulfide compounds market on the basis of application and country: North America PPS Compounds Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)
North America PPS Compounds Country Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the North America polyphenylene sulfide compounds market include
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