Polyphenylene Sulfide Market Size, Share & Industry Analysis, By Type (Linear PPS, Cured PPS, Branched PPS), By End-use Industry (Automotive, Electrical & Electronics, Industrial, Aerospace, Others), and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
The global polyphenylene sulfide market is projected to grow significantly due to rising demand for lightweight vehicles during the forecast period. Polyphenylene Sulfide (PPS) is a partial-crystalline polymer composed of recurring rings of p-substituted benzene and sulfur. Polyphenylene Sulfide (PPS) is a high-performance & ideal material with excellent mechanical properties such as tightness, creep resistance, and endurance. With its barrier properties, heat resistance, high durability, and electronic conductivity, it can retain structural accuracy in severe environments. Along with its low viscosity, it can be formed into desired shapes. PPS is also acceptable for electrical applications and excessive operating temperatures as it is a flame retardant.
The growing demand for reduction of weight in automobiles in order to maximize efficiency and cut pollution has resulted in the need to substitute heavy metal parts with lighter polymers. This has boosted PPS demand in high-temperature areas owing to its excellent performance and mechanical characteristics. Increased use of polyphenylene sulfide in engine parts, routers, transmission components, piston pins, and cooling system is driving the market growth. Polyphenylene sulphide is completely recyclable, improves fuel economy, and lowers emissions. All of these advantages are driving the product demand in a variety of end-use industries. However, the existence of substitutes such as PEEK and PEI, as well as varying raw material costs represents key challenge for market growth.
Key Market Driver -
Increased demand for light weight vehicles is expected to drive the market
Key Market Restraint -
Availability of substitutes is likely to restrict the market growth.
Polyphenylene Sulfide (PPS) Market Segmentation:
Based on type the market for polyphenylene sulphide is further segmented into linear pps, cured pps, and branched pps. Based on the end-use industry the market for polyphenylene sulfide is further segmented into automotive, electrical & electronics, industrial, aerospace and others. From a geographical standpoint, the polyphenylene sulfide industry is categorized to North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
- Toray
- SK Chemicals
- Celanese Corporation
- DIC Corporation
- Solvay S.A.
- Tosoh Corporation
- Kureha Corporation
- Chengdu Letian Plastic Co. Ltd.
- Albis Plastic GmbH
- SABIC
Key Insights
- New Advancements in Production Technologies
- Key Trends in the polyphenylene sulfide market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Polyphenylene Sulfide Market
Regional Analysis:
Asia Pacific is expected to dominate the polyphenylene sulfide market in the near future. Rising use of PPS in automotive components and as filter bags in coal-fired power stations is fuelling growth of the market in Asia Pacific. Companies are looking for polymer substitutes for metal parts, which is expected to increase PPS consumption in the automotive industry. Numerous investments are being made in the Asia-Pacific region, primarily by global automakers such as Honda, Hyundai Motors, and BMW. Such activities are creating healthy environment for growth of the market. With the presence of well-established key players in the country, North America accounts for major production of PPS resins. The large number of PPS resin production facilities are located in the U.S. Growth of European market is propelled by its electronic industry, which specializes in the manufacture of various electronic components such as coil formers, circuit breakers, connectors, micro switches, relay components, HDD actuators, terminal blocks, thermostat parts, brush holders, motor housings, and switch components that require the use of PPS. Growing consumer awareness of environmentally friendly materials is fuelling the growth of the Polyphenylene Sulfide (PPS) market in Latin America. Middle East and Africa witnessed steady growth owing to the emerging technological advancements in Polyphenylene Sulfide (PPS) production & usage.
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Segmentation
ATTRIBUTE | DETAILS |
By Type |
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By End-use Industry |
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By Geography |
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- Ongoing
- 2023
- 2019-2022
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