Global PPS Monofilament Production Was 13252 MT In 2017
Saturday, 29 Dec, 2018
In terms of volume, the global PPS Monofilament Production was 13252 MT in 2017, and it is predicted to reach 19642 MT in 2024, at a CAGR of 5.78%. In 2017, the global PPS Monofilament market is led by Japan, capturing about 50.23% of global PPS Monofilament production. China is the second-largest region-wise market with 28.49% of production share.
At present, the major manufacturers of PPS Monofilament are Toray, TOYOBO, Jiangsu Ruitai, Perlon, Jarden Applied Materials, NTEC, Monosuisse and Tai Hing. Toray is the world leader, holding 27.29% production market share in 2017.
In application, PPS Monofilament downstream is wide and recently PPS Monofilament has acquired increasing significance in various fields of Power Generation, Automotive, Industrial and others. Globally, the PPS Monofilament market is mainly driven by growing demand for Power Generation which accounts for nearly 53.25% of total downstream consumption of PPS Monofilament.
In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, PPS Monofilament production will show a trend of steady growth. In 2024 the production value of PPS Monofilament is estimated to be 338 Million USD. On product prices, the slow downward trend in recent years will maintain in the future.