Polyphenylene Sulfide Market 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
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.
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 (000’ 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