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Polyphenylene Sulfide Market Share, Growth & Forecast [2031]

Polyphenylene Sulfide Market

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Segments - by Type (Branched PPS, Linear PPS, and Cured PPS), Use (Commercial and Non-commercial), and Application (Aerospace, Filter Bags, Electrical & Electronics, Coatings, Automotive, Industrial, Laboratory Equipment, Medical Equipment, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Riddhesh Dani

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Report Description

The global polyphenylene sulfide (PPS) market size was USD 1.4 Bn in 2022 and is likely to reach USD 2.9 Bn by 2031, expanding at a CAGR of 8.5% during 2023–2031. The market growth is attributed to high product consumption in the industrial sectors for superior heat and chemical resistance properties of polyphenylene sulfide.

Polyphenylene sulfide (PPS) is a thermoplastic material having an excellent combination of mechanical, chemical, and thermal resistance properties. PPS is known in industries as plastic with metal properties that are insoluble in solvents below 200°C (392°F). Polyphenylene sulfide (PPS), is a widely used poly phenyl thioether also called poly para-phenylene sulfide.

PPS has an extremely high modulus and creep resistance. Compression molding is utilized for softening polyphenylene sulfide between a temperature range of 550 to 650 K. Polyphenylene sulfide has non-flammable, dielectric, and insulating properties with wide industrial applications of long-strand glass fiber reinforced polyphenylene sulfide PPS.

The market report finds that the COVID-19 pandemic negatively impacted the polyphenylene sulfide (PPS) market with decreased resin production with the shutting down of raw material supply chains.

Polyphenylene Sulfide (PPS) Market Dynamics

The global polyphenylene sulfide (PPS) market report has up-to-date insights that help in formulating a strategic roadmap about the estimated market scenario and performance during 2023 to 2031.

What are the Drivers of the Polyphenylene Sulfide (PPS) market?

The wide applications of polyphenylene sulfide in automotive components such as trim and electrical components, chassis, and powertrains have boosted the market growth. Design flexibilities, weight-reducing capabilities, and assembly simplicity provided by polyphenylene sulfide are driving the market growth.

What are the Restraints of the Polyphenylene Sulfide (PPS) market?

Constantly fluctuating raw material prices affect the production costs of polyphenylene sulfide restraining market growth. The easy availability of substitute materials such as PEEK and PEI is hindering market expansion.

What are the Opportunities in the Polyphenylene Sulfide (PPS) market?

Polyphenylene sulfide manufacturers around the world are researching the development of specialty polymers that offer better conductive and magnetic properties. Largescale manufacturing of polyphenylene sulfide is increasing with in-depth research which is expected to provide growth opportunities for the polyphenylene sulfide (PPS) market.

Scope of the Polyphenylene Sulfide (PPS) Market Report

The global polyphenylene sulfide (PPS) market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Polyphenylene Sulfide (PPS) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2020–2021
Forecast Period	2023–2031
Segmentation	Type (Branched PPS, Linear PPS, and Cured PPS), Use (Commercial and Non-commercial), and Application (Aerospace, Filter Bags, Electrical & Electronics, Coatings, Automotive, Industrial, Laboratory Equipment, Medical Equipment, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast.
Key Players Covered in the Report	DIC CORPORATION; Solvay; Lion Idemitsu Composites Co., Ltd; Celanese Corporation; Toray Industries, Inc; SK Chemicals; Chengdu Letian Plastics Co., Ltd.; and Tosoh Corporation.

Polyphenylene Sulfide (PPS) market Segment Insights

What Key Factors Contribute to the Significant Expansion of the Linear PPS Segment?

Based on the type segment, the polyphenylene sulfide (PPS) market is divided into branched PPS, linear PPS, and cured PPS.

The linear PPS segment is expected to expand at a significant growth rate during the projection period due to wide use in automotive and electrical & electronics applications. Linear PPS with glass-filled fibers from 15% to 60% with fiber or mineral mixtures is manufactured for industrial applications. Applications of linear PPS in bobbins & coils, sockets, relays & switches, connectors, and encapsulated devices for the production of connectors have propelled the market growth.

What are the Main Aspects for Boosting the Commercial Segment?

On the basis of use, the global polyphenylene sulfide (PPS) market is bifurcated into commercial and non-commercial segments.

The commercial segment is projected to register a considerable CAGR during the forecast period with increasing innovations in the manufacturing of blended materials using polyphenylene sulfide (PPS). Ticona, the engineering polymers business of Celanese Corp. introduced two LCP-PPS alloys blending liquid crystal polymers (LCP) with polyphenylene sulfide (PPS) suitable for extensive commercial applications. Industrial applications of polyphenylene sulfide in grips, handles, insulations, bearings, bushings, and many industrial applications are expected to boost segment growth.

Which Major Factors Influence the Significant Growth of the Automotive Segment?

On the basis of application, the polyphenylene sulfide (PPS) market is segmented into aerospace, filter bags, electrical & electronics, coatings, automotive, industrial, laboratory equipment, medical equipment, and others.

The automotive segment is expected to register a robust growth rate during the forecast period owing to the properties of polyphenylene sulfide to withstand high temperatures and mechanical stress. Automotive fluids, automotive thermoplastic, coolant systems, thermostat holders, switches, bulb housing, electric brakes, water pump impellers, and fuel injection systems are the major applications expected to boost segment growth.

Why is Asia Pacific Dominating the Polyphenylene Sulfide (PPS) market?

In terms of region, the global polyphenylene sulfide (PPS) market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

Asia Pacific is expected to dominate the market during the forecast due to well-established automotive manufacturing companies. Growing demand for high-end vehicles such as SUVs, sedans, and electric vehicles in China, India, and Japan is projected to propel the market growth in the upcoming years.

Segments

The global polyphenylene sulfide (PPS) market has been segmented on the basis of

Type

Branched PPS
Linear PPS
Cured PPS

Use

Commercial
Non-commercial

Application

Aerospace
Filter Bags
Electrical & Electronics
Coatings
Automotive
Industrial
Laboratory Equipment
Medical Equipment
Others

Region

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

DIC CORPORATION
Solvay
Lion Idemitsu Composites Co., Ltd
Celanese Corporation
Toray Industries, Inc
SK Chemicals
Chengdu Letian Plastics Co., Ltd.
Tosoh Corporation

Competitive Landscape

Key players competing in the global polyphenylene sulfide (PPS) market are DIC CORPORATION; Solvay; Lion Idemitsu Composites Co., Ltd; Celanese Corporation; Toray Industries, Inc; SK Chemicals; Chengdu Letian Plastics Co., Ltd.; and Tosoh Corporation.

These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.

On November 1, 2021, Celanese Corporation, a global chemical, and specialty materials company, announced the complete acquisition of the majority of the Mobility & Materials (M&M) business of DuPont.

Global Polyphenylene Sulfide Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyphenylene Sulfide Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Polyphenylene Sulfide Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Polyphenylene Sulfide Market - Supply Chain
  4.5. Global Polyphenylene Sulfide Market Forecast
     4.5.1. Polyphenylene Sulfide Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Polyphenylene Sulfide Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Polyphenylene Sulfide Market Absolute $ Opportunity
5. Global Polyphenylene Sulfide Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Polyphenylene Sulfide Market Size and Volume Forecast by Types
     5.3.1. Branched PPS
     5.3.2. Linear PPS
     5.3.3. Cured PPS
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Polyphenylene Sulfide Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Polyphenylene Sulfide Market Size and Volume Forecast by Applications
     6.3.1. Aerospace
     6.3.2. Filter Bags
     6.3.3. Electrical & Electronics
     6.3.4. Coatings
     6.3.5. Automotive
     6.3.6. Industrial
     6.3.7. Laboratory Equipment
     6.3.8. Medical Equipment
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Polyphenylene Sulfide Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Polyphenylene Sulfide Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Polyphenylene Sulfide Demand Share Forecast, 2019-2026
8. North America Polyphenylene Sulfide Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Polyphenylene Sulfide Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Polyphenylene Sulfide Market Size and Volume Forecast by Types
     8.4.1. Branched PPS
     8.4.2. Linear PPS
     8.4.3. Cured PPS
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Polyphenylene Sulfide Market Size and Volume Forecast by Applications
     8.7.1. Aerospace
     8.7.2. Filter Bags
     8.7.3. Electrical & Electronics
     8.7.4. Coatings
     8.7.5. Automotive
     8.7.6. Industrial
     8.7.7. Laboratory Equipment
     8.7.8. Medical Equipment
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Polyphenylene Sulfide Demand Share Forecast, 2019-2026
9. Latin America Polyphenylene Sulfide Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Polyphenylene Sulfide Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Polyphenylene Sulfide Market Size and Volume Forecast by Types
     9.4.1. Branched PPS
     9.4.2. Linear PPS
     9.4.3. Cured PPS
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Polyphenylene Sulfide Market Size and Volume Forecast by Applications
     9.7.1. Aerospace
     9.7.2. Filter Bags
     9.7.3. Electrical & Electronics
     9.7.4. Coatings
     9.7.5. Automotive
     9.7.6. Industrial
     9.7.7. Laboratory Equipment
     9.7.8. Medical Equipment
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Polyphenylene Sulfide Demand Share Forecast, 2019-2026
10. Europe Polyphenylene Sulfide Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Polyphenylene Sulfide Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Polyphenylene Sulfide Market Size and Volume Forecast by Types
     10.4.1. Branched PPS
     10.4.2. Linear PPS
     10.4.3. Cured PPS
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Polyphenylene Sulfide Market Size and Volume Forecast by Applications
     10.7.1. Aerospace
     10.7.2. Filter Bags
     10.7.3. Electrical & Electronics
     10.7.4. Coatings
     10.7.5. Automotive
     10.7.6. Industrial
     10.7.7. Laboratory Equipment
     10.7.8. Medical Equipment
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Polyphenylene Sulfide Demand Share Forecast, 2019-2026
11. Asia Pacific Polyphenylene Sulfide Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Polyphenylene Sulfide Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Polyphenylene Sulfide Market Size and Volume Forecast by Types
     11.4.1. Branched PPS
     11.4.2. Linear PPS
     11.4.3. Cured PPS
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Polyphenylene Sulfide Market Size and Volume Forecast by Applications
     11.7.1. Aerospace
     11.7.2. Filter Bags
     11.7.3. Electrical & Electronics
     11.7.4. Coatings
     11.7.5. Automotive
     11.7.6. Industrial
     11.7.7. Laboratory Equipment
     11.7.8. Medical Equipment
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Polyphenylene Sulfide Demand Share Forecast, 2019-2026
12. Middle East & Africa Polyphenylene Sulfide Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Polyphenylene Sulfide Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Polyphenylene Sulfide Market Size and Volume Forecast by Types
     12.4.1. Branched PPS
     12.4.2. Linear PPS
     12.4.3. Cured PPS
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Polyphenylene Sulfide Market Size and Volume Forecast by Applications
     12.7.1. Aerospace
     12.7.2. Filter Bags
     12.7.3. Electrical & Electronics
     12.7.4. Coatings
     12.7.5. Automotive
     12.7.6. Industrial
     12.7.7. Laboratory Equipment
     12.7.8. Medical Equipment
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Polyphenylene Sulfide Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Polyphenylene Sulfide Market: Market Share Analysis
  13.2. Polyphenylene Sulfide Distributors and Customers
  13.3. Polyphenylene Sulfide Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. DIC CORPORATION
     13.4.2. Solvay
     13.4.3. Lion Idemitsu Composites Co., Ltd
     13.4.4. Celanese Corporation
     13.4.5. Toray Industries, Inc
     13.4.6. SK Chemicals
     13.4.7. Chengdu Letian Plastics Co., Ltd.
     13.4.8. Tosoh Corporation

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