The global polyphenylene sulfide (PPS) market size reached US$ 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.45% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Polyphenylene Sulfide
(PPS) Market: Global Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2024-2032," the global polyphenylene sulfide (PPS) market size
reached US$ 1.8 Billion in 2023.
Factors Affecting the Growth of the Polyphenylene Sulfide (PPS)
Industry:
Increasing Demand in Automotive Applications:
The automotive industry's continuous evolution toward lighter, more fuel-
efficient vehicles is a significant driver for the Polyphenylene Sulfide (PPS)
market. PPS is highly valued in automotive applications due to its exceptional
thermal stability, chemical resistance, and mechanical properties. These
characteristics make it an ideal choice for manufacturing components that need
to withstand harsh environments, such as fuel system parts, cooling systems,
and electrical connectors.
As the automotive sector increasingly adopts electric and hybrid vehicles, the
demand for high-performance materials, such as PPS, which can meet
stringent safety and performance standards, is expected to rise. This shift is
anticipated to fuel the growth of the PPS market substantially.
4. Report Highlight
and Description
Advancements in Electrical and Electronics Sector:
The electrical and electronics sector is experiencing rapid growth due to the
global demand for more sophisticated and high-performing devices. PPS's
excellent electrical insulation properties, combined with its resistance to high
temperatures and chemicals, make it an essential material for various
electronic components.
These include connectors, coil bobbins, and printed circuit boards. As
consumer electronics continue to evolve with increasing functionality and
miniaturization, the need for materials that can meet these advanced
requirements grows, thus driving the PPS market forward.
Expansion of Aerospace Applications:
Polyphenylene Sulfide's attributes, such as high temperature tolerance, flame
retardancy, and lightweight, align well with the aerospace industry's stringent
material requirements. PPS is used in manufacturing components for aircraft
and spacecraft, including ducting systems, brackets, and connectors.
5. Report Highlight
and Description
The global aerospace sector's expansion, driven by increasing air travel and
the push for more fuel-efficient aircraft, creates a growing demand for PPS.
This demand is further amplified by the industry's focus on sustainability and
reducing carbon emissions, where lightweight materials like PPS play a crucial
role.
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6. Report Description
Global Polyphenylene Sulfide (PPS) Market Trends:
Environmental regulations and the growing emphasis on sustainability are profoundly influencing material
selection across industries. PPS, being recyclable and offering a longer lifespan due to its durable properties, is
becoming a preferred choice in sectors aiming to reduce their environmental footprint.
This trend is particularly evident in the automotive, aerospace, and electronics industries, where there is a push
for materials that contribute to energy efficiency and environmental conservation. As regulations become stricter
and sustainability becomes a central focus for businesses, the demand for eco-friendly and high-performance
materials, such as PPS is set to increase, further driving its market growth.
Looking forward, the market to reach US$ 2.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.45%
during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/polyphenylene-sulfide-market
7. Report
Segmentation
Breakup by Type:
• Linear PPS
• Cured PPS
• Branched PPS
Breakup by Recyclability:
• Virgin
• Recycled
Breakup by Application:
• Automotive
• Electrical and Electronics
• Aerospace
9. Competitive
Landscape with
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
10. Key Questions
Answered in
the Report
What was the size of the global Polyphenylene Sulfide (PPS) market
in 2023?
What is the expected growth rate of the global Polyphenylene
Sulfide (PPS) market during 2024-2032?
What are the key factors driving the global Polyphenylene Sulfide
(PPS) market?
What has been the impact of COVID-19 on the global
Polyphenylene Sulfide (PPS) market?
What is the breakup of the global Polyphenylene Sulfide (PPS)
market based on the type?
What is the breakup of the global Polyphenylene Sulfide (PPS)
market based on the application?
What are the key regions in the global Polyphenylene Sulfide (PPS)
market?
Who are the key players/companies in the global
Polyphenylene Sulfide (PPS) market?
11. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Polyphenylene Sulfide (PPS) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Linear PPS
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Cured PPS
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Branched PPS
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
7 Market Breakup by Recyclability
12. Table of
Contents
7.1 Virgin
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Recycled
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
8 Market Breakup by Application
8.1 Automotive
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Electrical and Electronics
8.2.1 Market Trends
8.2.2 Mark et Forecast
8.3 Aerospace
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
8.4 Medical/Healthcare
8.4.1 Mark et Trends
8.4.2 Mark et Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Mark et Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Mark et Trends
9.1.1.2 Mark et Forecast
9.1.2 Canada
9.1.2.1 Mark et Trends
9.1.2.2 Mark et Forecast
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market/toc