Polyphenylene Sulfide (PPS) Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product Type (Linear PPS, Cured PPS, Branched PPS), By Recyclability (Virgin, Recycled), By Application (Automotive, Electrical and Electronics, Industrial, Aerospace, and Others), By Region and Competition

  • Industry : Chemicals
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Global polyphenylene sulfide (PPS) market is anticipated to grow at an impressive rate through 2028. Polyphenylene sulfide (PPS) is a high-temperature engineering thermoplastic that is semi-crystalline in structure. It is a rigid and opaque polymer in terms of physical characteristics with a high melting point. It is made up of para-phenylene units that are connected with sulfide in sequence. The major exporter of polyphenylene sulfide resins is Japan, while both the largest importer and consumer is China.  Due to its high heat-deflection temperature, superior dimensional stability, exceptional chemical resistance, and intrinsic flame retardancy, it is proven as an excellent substitute of metal and thermostats in various application.

Polyphenylene sulfide (PPS) is an exceptional combination of properties and performance as per cost. Thus, it is used in the production of various high-performance thermoplastics such as specialty nylons, sulfone polymers, aromatic poly ketones, polyetherimides, liquid crystal polymers, and others. These advantages create demand for PPS in automotive, electrical/electronic, mechanical, and industrial industries. Therefore, we anticipate that the need for polyphenylene sulfide will rise in the forecasted period.

Rising Demand from Automotive Industry

Automotive industry is considered as one of the significant end-user markets that drive the polyphenylene sulfide demand. Due to its excellent high-temperature resistance, performance and chemical resistance, it is used in automobile industries to make fuel injection systems, thermostat holders, coolant systems, water pump impellers, electric brakes, switches, and others. Due to its Lighter weight and resistance to corrosion, polyphenylene sulfide is considered one of the best substitutes for metal, thermosets, and other types of plastic that helps in the production of low-weight vehicle and consume low energy. According to the Indian Brand Equity Foundation, the Indian passenger car market amounted to 32.70 billion USD in 2021, and it is expected to reach 54.84 billion USD by 2027, with a CAGR of 9% during 2022-2027. Thus, considering trends and benefits led to an increase in the demand for global polyphenylene Sulfide (PPS) market growth in the anticipated period

Increasing Demand from the Electrical & Electronics Industry

Polyphenylene Sulfide (PPS) is considered an ideal material used in electronic goods and has proven its significance in electronic and electrical industries. High-temperature resistance, good dimensional stability, high durability, and good rigidity make PPS a better substitute for conventional plastic or thermostats. PPS provides an excellent flow and low contraction for precision moulding electrical equipment such as connectors and sockets. Polyphenylene Sulfide is used in producing electrical equipment like bobbins and connectors, hard disk drives, electronic housings, sockets, and switches as a substitution for other lower-temperature polymers.

Growing Demand from Developing Economies

To tackle the competition, firms are always searching for new materials with enhanced capacity than existing metals at lower prices. Investment in R&D, mergers, acquisitions, and joint ventures are the major strategies that firms are following to strengthen their positioning in the market. As an outcome, Japan is the largest producer of PPS neat resins and invests outside Japan in developing countries like China, India, Vietnam, Brazil, and others to fulfil the rising demand. Growing electronic and automotive industries and the effort of prominent players are going to create rewarding market opportunities in the forecasted period. Growing consumer awareness towards eco-friendly products and government initiatives are going to propel market growth.   In addition, increasing investment in the R&D of polyphenylene Sulfide (PPS) to create a new application such as in 3D printing is further anticipated to fuel the market growth. According to Solvay SA, 50% of their net sales is contributed by end-user types like consumer goods & healthcare, Automotive & aerospace, and building & construction, where Polyphenylene Sulfide (PPS) is the major contributor. 


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Market Segmentation

Global polyphenylene sulfide (PPS) market is segmented based on product type, recyclability, application, region, and company. Based on product type, the market can be categorized into linear PPS, cured PPS, and branched PPS. Based on recyclability, the market can be bifurcated into virgin and recycled. Based on application, the market can be segmented into automotive, electrical and electronics, industrial, aerospace, and others.

Market Players

Albis Plastics Corporation, Zhejiang NHU Company Ltd, Solvay SA, Toray Industries, Inc, DIC Corp., Polyplastics Co. Ltd, Ticona LLC, Chengdu Letian Plastics Co, Ltd, Avient Corp, Lion Idemitsu Composites Co., Ltd. are some of the major players operating in the global polyphenylene Sulfide (PPS) market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in tons and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, Volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Product Type

·         Recyclability

·         Application

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; Germany; France; United Kingdom; Spain; Italy; China; India; Japan; Australia; South Korea; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia.

Key companies profiled

Albis Plastics Corporation, Zhejiang NHU Company Ltd, Solvay SA, Toray Industries, Inc, DIC Corp., Polyplastics Co. Ltd, Ticona LLC, Chengdu Letian Plastics Co, Ltd, Avient Corp, Lion Idemitsu Composites Co., Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global polyphenylene Sulfide (PPS) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Polyphenylene Sulfide (PPS) Market, By Product Type:
    • Linear PPS
    • Cured PPS
    • Branched PPS
  • Global Polyphenylene Sulfide (PPS) Market, By Recyclability:
    • Virgin
    • Recycled
  • Global Polyphenylene Sulfide (PPS) Market, By Industry Application:
    • Automotive
    • Electrical and Electronics
    • Industrial
    • Aerospace
    • Others.
  • Global Polyphenylene Sulfide (PPS) Market, By region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Australia
      • Japan
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global polyphenylene Sulfide (PPS) market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report: 

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global polyphenylene Sulfide (PPS) market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Polyphenylene Sulfide (PPS) Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value & Volume

5.2.  Market Share & Forecast

5.2.1.     By Product Type (Linear PPS, Cured PPS, Branched PPS)

5.2.2.     By Recyclability (Virgin, Recycled)

5.2.3.     By Application (Automotive, Electrical and Electronics, Industrial, Aerospace, and Others)

5.2.4.     By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.5.     By Company (2022)

5.3.  Market Map

5.3.1.     By Product Type

5.3.2.     By Recyclability

5.3.3.     By Application

5.3.4.     By Region

6.    North America Polyphenylene Sulfide (PPS) Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Product Type

6.2.2.     By Recyclability

6.2.3.     By Application

6.2.4.     By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.     United States Polyphenylene Sulfide (PPS) Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Value & Volume

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Product Type

6.4.1.2.2.             By Recyclability

6.4.1.2.3.             By Application

6.4.2.     Mexico Polyphenylene Sulfide (PPS) Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Value & Volume

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Product Type

6.4.2.2.2.             By Recyclability

6.4.2.2.3.             By Application

6.4.3.     Canada Polyphenylene Sulfide (PPS) Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Value & Volume

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Product Type

6.4.3.2.2.             By Recyclability

6.4.3.2.3.             By Application

7.    Europe Polyphenylene Sulfide (PPS) Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Product Type

7.2.2.     By Recyclability

7.2.3.     By Application

7.2.4.     By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.     Germany Polyphenylene Sulfide (PPS) Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Product Type

7.4.1.2.2.             By Recyclability

7.4.1.2.3.             By Application

7.4.2.     Spain Polyphenylene Sulfide (PPS) Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Product Type

7.4.2.2.2.             By Recyclability

7.4.2.2.3.             By Application

7.4.3.     United Kingdom Polyphenylene Sulfide (PPS) Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Product Type

7.4.3.2.2.             By Recyclability

7.4.3.2.3.             By Application

7.4.4.     France Polyphenylene Sulfide (PPS) Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value & Volume

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.             By Product Type

7.4.4.2.2.             By Recyclability

7.4.4.2.3.             By Application

7.4.5.     Italy Polyphenylene Sulfide (PPS) Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Value & Volume

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.             By Product Type

7.4.5.2.2.             By Recyclability

7.4.5.2.3.             By Application

8.    Asia-Pacific Polyphenylene Sulfide (PPS) Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Product Type

8.2.2.     By Recyclability

8.2.3.     By Application

8.2.4.     By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.     China Polyphenylene Sulfide (PPS) Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Product Type

8.4.1.2.2.             By Recyclability

8.4.1.2.3.             By Application

8.4.2.     Japan Polyphenylene Sulfide (PPS) Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Product Type

8.4.2.2.2.             By Recyclability

8.4.2.2.3.             By Application

8.4.3.     India Polyphenylene Sulfide (PPS) Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Product Type

8.4.3.2.2.             By Recyclability

8.4.3.2.3.             By Application

8.4.4.     South Korea Polyphenylene Sulfide (PPS) Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Product Type

8.4.4.2.2.             By Recyclability

8.4.4.2.3.             By Application

8.4.5.     Australia Polyphenylene Sulfide (PPS) Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Product Type

8.4.5.2.2.             By Recyclability

8.4.5.2.3.             By Application

9.    South America Polyphenylene Sulfide (PPS) Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Product Type

9.2.2.     By Recyclability

9.2.3.     By Application

9.2.4.     By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.     Brazil Polyphenylene Sulfide (PPS) Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Product Type

9.4.1.2.2.             By Recyclability

9.4.1.2.3.             By Application

9.4.2.     Colombia Polyphenylene Sulfide (PPS) Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Product Type

9.4.2.2.2.             By Recyclability

9.4.2.2.3.             By Application

9.4.3.     Argentina Polyphenylene Sulfide (PPS) Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Product Type

9.4.3.2.2.             By Recyclability

9.4.3.2.3.             By Application

10.  Middle East and Africa Polyphenylene Sulfide (PPS) Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Product Type

10.2.2.  By Recyclability

10.2.3.  By Application

10.2.4.  By Country

10.3.              Pricing Analysis

10.4.              MEA: Country Analysis

10.4.1.  South Africa Polyphenylene Sulfide (PPS) Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Product Type

10.4.1.2.2.           By Recyclability

10.4.1.2.3.           By Application

10.4.2.  Saudi Arabia Polyphenylene Sulfide (PPS) Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Product Type

10.4.2.2.2.           By Recyclability

10.4.2.2.3.           By Application

10.4.3.  UAE Polyphenylene Sulfide (PPS) Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Product Type

10.4.3.2.2.           By Recyclability

10.4.3.2.3.           By Application

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

12.1.              Merger & Acquisition

12.2.              Product Launches

12.3.              Technological Advancements

13.  Global Polyphenylene Sulfide (PPS) Market: SWOT Analysis

14.  Porter’s Five Forces Analysis

14.1.              Competition in the Industry

14.2.              Potential of New Entrants

14.3.              Power of Suppliers

14.4.              Power of Customers

14.5.              Threat of Substitute Product

15.  Competitive Landscape

15.1.              Business Overview

15.2.              Product Offerings

15.3.              Recent Developments

15.4.              Financials (In Case of Listed Companies)

15.5.              Key Personnel

15.6.              SWOT Analysis

15.6.1.                Albis Plastics Corporation

15.6.2.                Zhejiang NHU Company Ltd

15.6.3.                Solvay SA

15.6.4.                Toray Industries, Inc

15.6.5.                DIC Corp.

15.6.6.                Polyplastics Co. Ltd

15.6.7.                Ticona LLC

15.6.8.                Chengdu Letian Plastics Co, Ltd

15.6.9.                Avient Corp

15.6.10.                Lion Idemitsu Composites Co., Ltd.

Strategic Recommendations

Figures and Tables

Frequently asked questions

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Rising demand from electrical & electronics sector and growing vehicle production are driving the demand for the global polyphenylene sulfide (PPS) market.

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Albis Plastics Corporation, Zhejiang NHU Company Ltd, Solvay SA, Toray Industries, Inc, DIC Corp., Polyplastics Co. Ltd, Ticona LLC, Chengdu Letian Plastics Co, Ltd, Avient Corp, Lion Idemitsu Composites Co., Ltd. are some of the key players operating in the global polyphenylene sulfide (PPS) market.

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Based on product type, the market is divided into linear PPS, cured PPS, and branched PPS. The linear PPS segment is expected to lead the market segment in the forecast period. Owing to its high temperature performance, creep resistance, dimensional stability, and chemical resistance, it highly demanded for different automotive and industrial application and expected to propel the linear PPS demand for forecast period in the segment.

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The Asia Pacific region is dominating the market and maintain its dominance over the next five years. Due to growing economies, automobile industries, electronic industries, and expertise demand of the polyphenylene sulfide is expected to rise in the market. Apart from these, efforts by countries such as China, India, Vietnam, Australia, others to lower the carbon emission for sustainable development are the factor that propelling polyphenylene sulfide demand in the region. Hence, this led to Asia-Pacific to dominate the global polyphenylene sulfide market share.

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Sakshi Bajaal

Business Consultant
Press Release

Polyphenylene Sulfide (PPS) Market to be Dominated by Linear PPS Segment Through 2028

Dec, 2022

Growing demand for Polyphenylene Sulfide (PPS) for the production of electronic goods, spacecraft, aircraft, drones, & car is expected to drive the demand for the global Polyphenylene Sulfide (PPS) m

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