According to the latest report by IMARC Group, titled, “Polyphenylene Sulfide (PPS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global polyphenylene sulfide (PPS) market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Polyphenylene sulfide (PPS) refers to a semi-crystalline thermoplastic that is used in felt filter media for high-temperature coil formers, air filters, bobbins, slurry coatings, terminal blocks, specialty membranes and packaging, relay components, etc. It consists of para-phenylene units substituted with benzene and sulfur. PPS exhibits several advantageous properties, such as dimensional stability, high chemical and abrasion resistance, enhanced mechanical strength, etc. It also has a low viscosity index and high melting point, which aids in molding it into various desired shapes. PPS finds extensive applications across numerous industries, including healthcare, automotive, aerospace, electrical, etc.
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Polyphenylene Sulfide (PPS) Market Trends and Drivers:
The expanding automotive sector across the globe is one of the key factors driving the polyphenylene sulfide (PPS) market. In line with this, the increasing product usage in the manufacturing of exhaust gas return valves, lighting systems, ignition plates, carburetors, etc., is further catalyzing the market growth. Moreover, the elevating adoption of PPS in the production of composites used in fuselage, wings, interior panels, etc., is acting as another significant growth-inducing factor. Besides this, the rising product utilization in the manufacturing of filter bags and dust chambers in coal power plants is also augmenting the global market. Furthermore, the development of low-emission and eco-friendly PPS variants, which contain no chlorine components and aid in reducing thermo-chemical emissions and thermal degradation, is anticipated to fuel the polyphenylene sulfide (PPS) market over the forecasted period.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- British Plastics Federation
- Celanese Corporation
- DIC Corporation
- Kolon Plastics Inc.
- Kureha Corporation
- Polyplastics Co. Ltd. (Daicel Corporation)
- Ryan Plastics Limited
- SK Chemicals Co. Ltd.
- Solvay S.A
- Teijin Limited
- Toray Industries Inc.
- Tosoh Corporation.
Polyphenylene Sulfide (PPS) Market 2023-2028 Competitive Analysis and Segmentation:
The report has segmented the market based on component, mobility, application and vertical.
Breakup by Type:
- Linear PPS
- Cured PPS
- Branched PPS
Breakup by Recyclability:
- Virgin
- Recycled
Breakup by Application:
- Automotive
- Electrical and Electronics
- Aerospace
- Medical/Healthcare
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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