Polyphenylene Sulfide (PPS) Market Size to Reach US$ 2.4 Billion 2023-2028

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.

Market Overview:

Polyphenylene sulfide (PPS) refers to semi-crystalline and high-temperature engineering thermoplastic. It is manufactured through a reaction of dichlorobenzene and sodium sulfide in a solvent. It is a rigid and opaque polymer with a higher melting point and lower material costs as compared to (PEEK) and liquid-crystal polymer (LCP). It has high-temperature resistance, flame retardance, mechanical strength, dimensional stability, moisture resistance, and electrical insulation properties. As a result, PPS is widely employed in the automotive, electrical and electronics, medical, textile, aerospace, and defense industries across the globe.

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Polyphenylene Sulfide (PPS) Market Trends and Drivers:

Presently, the rising demand for PPS in the medical industry due to its thermal and chemical stability that allows for repeat sterilization and cleaning of surgical instruments represents one of the primary factors strengthening the market growth. Besides this, the growing demand for PPS, as it is utilized in replacing metals, thermosets, and lower-performing plastics in motors and controls, pumps, fans, and blowers, is offering a positive market outlook. Apart from this, the increasing utilization of PPS in the aerospace industry as an alternative to aluminum for structural components of aircraft is bolstering the growth of the market. Moreover, the rising employment for actuator housings and the gears to transfer power to breaks is offering lucrative growth opportunities to industry investors. Furthermore, key players operating in the industry are introducing new polyphenylene sulfide resin with high flexibility and superior chemical and heat-resistant properties.

Polyphenylene Sulfide (PPS) Market 2023-2028 Competitive Analysis and Segmentation:

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.

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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Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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