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Polyphenylene Sulfide Market Size

ID: MRFR//4187-HCR | 140 Pages | Author: Priya Nagrale| July 2024

The market of Polyphenylene Sulfide (PPS) is swayed by diverse factors that jointly determine dynamics of production. It is one of the influential factors which comes from the automotive sector where PPS is extensively used due to their good thermal and chemical resistance qualities. With the automakers trying to increase fuel efficiency and reduce emissions, they find PPS as a better choice when making lightweight components which are the best way to increase the overall vehicle efficiency. This tendency is expected to continue with the global automotive sector's continuation of environmental concerns and the regulatory compliance process.

Beyond that, the electronics and electrical industry has contributed to the increase in the size of power protection systems market. The growing spread of electronic devices and the necessity of strong materials for high-quality production also bring PPS into the picture with connectors, sockets, and switches fabrication at the top of the list. The PPS naturally inherent capability of retarding flames is another advantage of the material, especially in the electronics sector where safety standards are the most important thing. Riding on the waves of technologic achievements and innovations, the market for PPS also looks promising and well-grounded.

It is estimated that Polyphenylene Sulfide Market will consume USD 2.26 Billion by 2030 with an annual growth rate (CAGR) of 5.3% from 2022 to 2027.

Some other commodity issues is the growing market demand of PPS in a number of industrial spheres, such as filtration, aerospace, and industrial devices. The PPS's outstanding mechanical strength, corrosion resistance and high temperature stability make it a good material for the manufacturing of components in these sectors. As industries are looking for materials that can handle adverse operating environments and provide long-term reliability, PPS stands out for her versatility.

In addition, the geographical market distribution of the PPS sector largely determines the dynamics of this industry. A rising contributor of PPS consumption in the Asia and Pacific region is the growing industrialization and manufacturing activities in that region. The area's automotive and electronics industry, which sees the increasing demand for this material, is one of the large consumers of it. With the manufacturing world restructuring towards Asia, this region will have the most by market share of PPS.

Price and quality of raw materials are other factors that affect PPS market. The essence of PPS production is p-dichlorobenzene and uncertainty in its pricing causes the cost of manufacture. Moreover, the p-DCB availability can be threatened by the regulatory roadblocks as well as by the international events, and resulting in supply chain volatility.

Covered Aspects:

Report Attribute/Metric Details
Growth Rate   5.3 % CAGR 2030

Polyphenylene Sulfide Market Overview

Polyphenylene Sulfide Market is projected to be worth USD 2.26 Billion by 2030, registering a CAGR of 5.3% during the forecast period (2022 - 2027). Polyphenylene Sulfide Market is a high-performance thermoplastic with exceptional easy moldability, flame retardant, and chemical resistance. They are used with a wide range of temperatures. Increased advancement in the automotive and, electrical & electronics industries is driving the PPS market worldwide. Germany is known as the birthplace of automobiles and is a leader in producing passenger cars in Europe. Polyphenylene sulfide (PPS) is generally used in the automotive industry because of its remarkable mechanical properties, such as impact resistance, resistance to abrasion, scratch resistance, thermal stability, easy moldability, and excellent appearance. The U.S. in North America was the largest market for passenger cars in terms of value. PPS’s exceptional properties drive its demand in manufacturing passenger car components.  Patents are recognized as valuable assets for the companies. They are submitted to protect the newly originated technologies. The highest number of patents related to polyphenylene sulfide (PPS) was registered in 2014. The increased advancement in the automotive and electrical, and electronics industries and PPS’s exceptional properties such as lightweight, heat resistance, tensile strength, and electrical conductivity led to a rise in the demand for polyphenylene sulfide (PPS) from companies and helped further to use their PPS products in more applications and develop new profitable products. Thus, companies innovate and get their innovations and technologies patented to stay ahead of the technology curve.

Key Players

Some of the key players in the global polyphenylene sulfide market are Tosoh Corporation (Japan), TORAY INDUSTRIES, INC. (Japan), Celanese Corporation (U.S), SK Chemicals (South Korea), Solvay (Belgium), KUREHA CORPORATION (Japan), Polyplastics Co., Ltd. (Japan), DIC CORPORATION (Japan), Chevron Phillips Chemical Company (U.S), Haohua Honghe Chemical Co., Ltd. (China), Kotec Corporation (Japan), TEIJIN LIMITED (Japan), NHU Materials Co. (China), SABIC (Saudi Arabia), and Aetna Plastics Corp. (U.S).

Market Overview Polyphenylene sulfide (PPS) is an organic, semi-crystalline polymer containing aromatic rings attached to sulfide. Polyphenylene sulfide exhibits features such as high chemical resistance, thermal resistance, flame retardant, electrical conductivity, low moisture absorption, low viscosity, recyclability, and dimensional stability. PPS is filled with fillers and fibers to overcome the brittleness, which increases the overall cost. It is 100% recyclable and environment-friendly, which makes it an effective solution to the carbon emission issues concerned with other polymers. This property is likely to increase the product demand from the automotive and electrical industries during the forecast period. PPS is widely applicable in the aerospace industry such as ducting, panels, seat frames, and fasteners. The demand for PPS is expected to increase in the automotive sector owing to its application in carburetors, coolant systems, pistons, ignition parts, and others. It is an excellent substitute for heavy metals such as steel, bronze, aluminum, and others. Thus, increasing efforts by automakers to reduce weight and increase fuel efficiency is expected to drive the market growth.

The growing product development for applications such as cooking appliances, hair dryer components, and others has positively favored the market growth. The filter bag produced using PPS is one of the best filter materials available, which is used in thermal, steel, iron, chemical plants, and others. Furthermore, growing demand for the product in the manufacturing of healthcare and laboratory equipment is likely to fuel the market growth. The increased usage of the product in chemical processing and food processing equipment such as heat exchangers and non-stick cookware respectively are anticipated to drive the market growth during the review period. For instance, Celanese Corporation introduced latest compounds namely Celstran High Flow LFT, Hostaform M25IE POM, Fortron Flexible PPS, Celapex High Flow PEEK, and MetaLX wherein; flexible PPS is consumed for fasteners, clips, tubes, and cable ties. This material can also be used for complex automotive and industrial systems due to its high durability and heat resistant nature. Similarly, DIC corporation introduced a new PPS Compound ‘LP-150-LDS’ which is used in molded interconnect device (MID) for the formation of circuits on 3D molded compounds built by direct laser structuring (LDS) technology. Furthermore, with new innovation and development in technology, companies can achieve a sustainable growth. However, the volatility in raw material cost and the threat of substitution with polyamide, PEI, and others are likely to slow down the market growth. 

Global Polyphenylene sulfide share, by the application (%)

 Polyphenylene sulfide share                                 

Regional Analysis

The global polyphenylene sulfide market is spanned across five key regions namely Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. The Asia Pacific is anticipated to show a considerable growth due to the presence of a large number of automotive, electrical & electronics, and coating sectors in India, China, and Japan. The presence of automotive manufacturing bases such as Honda, Nissan, and Toyota coupled with increasing demands for sedans and SUVs are projected  fuel the market growth in this region. Countries such as Thailand and South Korea are major contributors to the market growth due to the high production of automobiles.

North America is expected to witness a significant growth on account of the automobile industries along with the expanding aerospace sector. The technological advancements and increasing investments will be advantageous to the market growth. The demand for commercial aircraft is anticipated to rise in emerging economies due to the high focus on regional connectivity. European region has witnessed stagnant growth owing to limited production application in coal and thermal plants along with stringent regulation of government. Latin America is another substantial region propelling the market growth due to the growing automobile sector, especially in Mexico.Recent Development

August 2023: RTP Company launched its new line of PPS compounds that are reinforced with glass fibers and other fillers. These compounds are designed to offer improved mechanical properties, thermal stability, and chemical resistance for use in a variety of industries, including automotive, aerospace, and electronics.

September 2023: Mitsubishi Chemical Corporation announced that it has begun construction on a new PPS production facility in Singapore. The new facility is expected to be operational in 2024 and will double the company's global PPS production capacity.

Intended Audience

  • Polyphenylene Sulfide Manufacturers

  • Traders and distributors of Polyphenylene Sulfide

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory

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