Polyphenylene Sulfide Market Scope

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).

Major Boosters and Deterrents

The market size is expanding at a significant rate, thanks to the amplified product demand in sectors such as industrial, automotive, aerospace, and electronics. PPS is increasingly being consumed across industries, given their ability to function in extreme temperatures, significant performance, and impressive mechanical properties. The product’s extensive use in numerous automotive components such as switches, engine components, pistons, coolant systems, and transmission components will also enhance the market share in the coming years. The dramatic surge in automotive production across Indonesia, China, the U.S., Mexico, South Korea, Germany, Taiwan, Malaysia and Japan is anticipated to work in favor of the PPS market in the ensuing years.

Since Polyphenylene Sulfide Market is sustainable and recyclable, it is used widely to foster fuel efficiency and cut down emission levels. Its impressive properties have resulted in elevated demand from various end-use industries. PPS is also increasingly being used to replace metals, as they facilitate weight reduction in vehicles. Established companies are striving to bolster their geographical reach to capture the maximum share in the global market. This is touted to augment the competitive quotient in the following years.

Asia Pacific offers a number of lucrative opportunities to global players. China is the biggest producer of electronic products in the world, including OLED TVs, smartphones, wires, tablets, earphones, and cables. Given the rising disposable income of middle-class individuals in the country, the demand for electronics has escalated phenomenally over the years, which is touted to be a prime growth booster for the polyphenylene sulfide market in the country.

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Affluent Firms

Eminent firms in the global market for polyphenylene sulfide include TORAY INDUSTRIES, INC. (Japan), Aetna Plastics Corp. (U.S), SK Chemicals (South Korea), Tosoh Corporation (Japan), KUREHA CORPORATION (Japan), Celanese Corporation (U.S), DIC CORPORATION (Japan), Chevron Phillips Chemical Company (U.S), Solvay (Belgium), Polyplastics Co., Ltd. (Japan), TEIJIN LIMITED (Japan), NHU Materials Co. (China), SABIC (Saudi Arabia), Haohua Honghe Chemical Co., Ltd. (China), Kotex Corporation (Japan), to mention a few.

Segmentation Insight

The market for Polyphenylene Sulfide market has been extensively detailed in the MRFR report while considering a few major segments including type and application.

The type-based segments in the global market are virgin as well as recycled. Environmental concerns paired with cost savings encourage manufacturers to make higher use of recycled PPS, however, virgin PPS will note better demand due to the imposition of strict environmental policies and the worldwide fall in their price.

Some of the top applications of polyphenylene sulfide include electrical & electronics, filter bags, coatings, automotive, industrial applications, and others. Polyphenylene sulfide experiences highest demand in the automotive sector, with applications in engine components, fuel system parts, brake systems, power trains, lighting, electrical, and transmission applications. Its applications are extensive in components that are widely exposed to extreme temperatures and corrosion. Growth of road networks across the Asia Pacific along with the focus of government on improving the infrastructure to foster vehicle sales should also enhance the use of polyphenylene sulfide in the sector.

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