Automotive and Filter bags were the largest end-use segments for PPS in 2012, together accounting for over 50% of global demand. PPS is used in a …show more content…
The region is expected to witness the fastest growth rate over the forecast period on account of the growing end user industry. China is expected to see remarkable growth in the automotive, electronics and aerospace industry over the next decade which is expected to result in increased demand for PPS. Japan and North America were prominent PPS consumers in 2012 owing to the widespread presence of automotive and industrial companies. China has favorable regulatory scenario which makes it a lucrative market for PPS. The region is expected to have the highest capacity addition over the next five years due to the growing demand from the end user industries. The PPS market is fragmented on the global level with manufacturing being predominantly done in China, South Korea, Japan and the U.S. However, regional markets are oligopolistic in nature with China being the most important market. The key companies operating in the market include Sino Polymer, Chevron Phillip, DIC Corporation, Toray Industries and SK