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Polyphenylene Sulfide (PPS) Market Size, Share & Trends Analysis Report By Type, By Application (Automotive, Electrical & Electronics, Industrial, Aerospace, Medical/Healthcare, and Others), By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 296 Pages
  • February 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5943376
The Global Polyphenylene Sulfide (PPS) Market size is expected to reach $2.5 billion by 2030, rising at a market growth of 8.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,631.95 Hundred Tonnes experiencing a growth of 6.6% (2019-2022).

PPS possesses outstanding electrical insulating properties, making it an ideal choice for applications where preventing the flow of electric current between conductive materials is crucial. Its high resistivity and low dielectric constant contribute to effective electrical insulation, ensuring the reliable performance of electronic components. Consequently, the electrical and electronics segment would acquire nearly 23% of the total market share by 2030. The increased utilization of PPS is motivated by the electronics industry's relentless pursuit of miniaturization.



With the increasing worldwide emphasis on sustainability, manufacturers are pursuing materials that adhere to rigorous regulatory criteria and support the overarching objectives of environmental preservation. With its exceptional properties, PPS emerges as a strategic choice for manufacturers. Therefore, these factors can drive the demand for PPS in the upcoming years. Additionally, Automotive components often come into contact with various chemicals, including engine fluids and environmental factors. PPS's robust chemical resistance makes it well-suited for applications with common exposure to oils, fuels, and other automotive fluids. Thus, these aspects will help in the expansion of the PPS market.

However, the PPS production process relies on specific raw materials. Volatility can detrimentally impact PPS's overall production costs and market competitiveness due to fluctuations in the pricing and availability of these materials. Additionally, PPS manufacturers often source raw materials from global suppliers, introducing vulnerabilities related to geopolitical tensions, trade restrictions, and logistic challenges. Hence, these aspects can hamper the growth of the PPS market in the future.

By Application Analysis

On the basis of application, the market is divided into automotive, electrical & electronics, industrial, aerospace, medical/healthcare, and others. In 2022, the electrical and electronics segment witnessed a 24% revenue share in the market. The electrical and electronics industry has been shifting towards lightweight materials with high performance to meet the demands of miniaturization and efficiency improvements. PPS, a lightweight and durable material, is well-suited for applications in connectors, sockets, and other electronic components. Hence, these aspects will assist in the growth of the segment.



By Type Analysis

Based on type, the market is divided into linear PPS, cured PPS, and branched PPS. In 2022, the cured PPS segment acquired 25% revenue share in the market. With the continuous growth of the electronics and electrical devices sectors, there is an increasing demand for materials like cured PPS that can withstand high temperatures and harsh operating conditions. As a result, there will be increased demand in the segment.

By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific segment acquired 40% revenue share in the market. The Asia Pacific region, including countries like China and India, has been undergoing rapid industrialization and urbanization. This has led to increased demand for high-performance materials like PPS in construction, electronics, and industrial applications. Thus, these factors will boost the demand in the segment.

Recent Strategies Deployed in the Market

  • Jan-2024: DIC Corporation launched DIC.PPS MP-6060 BLACK, a plateable polyphenylene sulphide (PPS) compound, in collaboration with Japanese firms Tsukada Riken Industry Co., Ltd., and Yoshino Denka Kogyo, Inc. The new product can be chemically etched with a general-purpose solution like chromic acid, making it possible to produce plated PPS on existing plastic-plating production lines.
  • Oct-2023: Toray Industries, Inc. has developed pellets, a technology that makes it possible to recycle glass fibre-reinforced polyphenylene sulphide (PPS-GFRP). The performance of pellets matches the initial performance of virgin resins. Additionally, this technology can deliver comparable mechanical strength to injection-grade mouldings wholly made with virgin material.
  • Sep-2023: Solvay SA launched Ryton PPS ECHO polyphenylene sulphide (PPS) production at Kallo-Beveren, Belgium. Through this expanded portfolio of products, the company aimed to meet with customers, increasing efforts to reduce their scope, emissions, and carbon footprint without compromising processability.
  • Feb-2023: Toray Advanced Materials Korea Inc., a wholly owned subsidiary of Toray Industries, Inc., will increase its annual production capacity for TORELINATM polyphenylene sulphide (PPS) resin by 5,000 metric tonnes at a plant in Gunsan, Korea, in December 2024. Through this expansion, the company will reinforce its comprehensive manufacturing of PPS, films, and fibres to cultivate applications for advanced.
  • Jan-2021: Kureha Corporation has expanded its geographical presence by constructing a new production facility, to produce polyphenylene sulphide (PPS). Through this expansion, Kureha aimed to strengthen its position in the global market. Additionally, Kureha will further enhance its stable and efficient supply of differentiated and quality PPS resins.

List of Key Companies Profiled

  • Solvay SA
  • Toray Industries, Inc.
  • Celanese Corporation
  • SABIC (Saudi Arabian Oil Company)
  • Tosoh Corporation
  • DIC Corporation
  • SK chemicals
  • Kureha Corporation
  • Teijin Limited
  • RTP Company, Inc.

Market Report Segmentation

By Type (Volume, Hundred Tonnes, USD Billion, 2019-30)
  • Linear PPS
  • Cured PPS
  • Branched PPS
By Application (Volume, Hundred Tonnes, USD Billion, 2019-30)
  • Automotive
  • Electrical & Electronics
  • Industrial
  • Aerospace
  • Medical/Healthcare
  • Others
By Geography (Volume, Hundred Tonnes, USD Billion, 2019-30)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Polyphenylene Sulfide (PPS) Market, by Type
1.4.2 Global Polyphenylene Sulfide (PPS) Market, by Application
1.4.3 Global Polyphenylene Sulfide (PPS) Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Polyphenylene Sulfide (PPS) Market
Chapter 5. Global Polyphenylene Sulfide (PPS) Market by Type
5.1 Global Linear PPS Market by Region
5.2 Global Cured PPS Market by Region
5.3 Global Branched PPS Market by Region
Chapter 6. Global Polyphenylene Sulfide (PPS) Market by Application
6.1 Global Automotive Market by Region
6.2 Global Electrical & Electronics Market by Region
6.3 Global Industrial Market by Region
6.4 Global Aerospace Market by Region
6.5 Global Medical/Healthcare Market by Region
6.6 Global Others Market by Region
Chapter 7. Global Polyphenylene Sulfide (PPS) Market by Region
7.1 North America Polyphenylene Sulfide (PPS) Market
7.1.1 North America Polyphenylene Sulfide (PPS) Market by Type
7.1.1.1 North America Linear PPS Market by Country
7.1.1.2 North America Cured PPS Market by Country
7.1.1.3 North America Branched PPS Market by Country
7.1.2 North America Polyphenylene Sulfide (PPS) Market by Application
7.1.2.1 North America Automotive Market by Country
7.1.2.2 North America Electrical & Electronics Market by Country
7.1.2.3 North America Industrial Market by Country
7.1.2.4 North America Aerospace Market by Country
7.1.2.5 North America Medical/Healthcare Market by Country
7.1.2.6 North America Others Market by Country
7.1.3 North America Polyphenylene Sulfide (PPS) Market by Country
7.1.3.1 US Polyphenylene Sulfide (PPS) Market
7.1.3.1.1 US Polyphenylene Sulfide (PPS) Market by Type
7.1.3.1.2 US Polyphenylene Sulfide (PPS) Market by Application
7.1.3.2 Canada Polyphenylene Sulfide (PPS) Market
7.1.3.2.1 Canada Polyphenylene Sulfide (PPS) Market by Type
7.1.3.2.2 Canada Polyphenylene Sulfide (PPS) Market by Application
7.1.3.3 Mexico Polyphenylene Sulfide (PPS) Market
7.1.3.3.1 Mexico Polyphenylene Sulfide (PPS) Market by Type
7.1.3.3.2 Mexico Polyphenylene Sulfide (PPS) Market by Application
7.1.3.4 Rest of North America Polyphenylene Sulfide (PPS) Market
7.1.3.4.1 Rest of North America Polyphenylene Sulfide (PPS) Market by Type
7.1.3.4.2 Rest of North America Polyphenylene Sulfide (PPS) Market by Application
7.2 Europe Polyphenylene Sulfide (PPS) Market
7.2.1 Europe Polyphenylene Sulfide (PPS) Market by Type
7.2.1.1 Europe Linear PPS Market by Country
7.2.1.2 Europe Cured PPS Market by Country
7.2.1.3 Europe Branched PPS Market by Country
7.2.2 Europe Polyphenylene Sulfide (PPS) Market by Application
7.2.2.1 Europe Automotive Market by Country
7.2.2.2 Europe Electrical & Electronics Market by Country
7.2.2.3 Europe Industrial Market by Country
7.2.2.4 Europe Aerospace Market by Country
7.2.2.5 Europe Medical/Healthcare Market by Country
7.2.2.6 Europe Others Market by Country
7.2.3 Europe Polyphenylene Sulfide (PPS) Market by Country
7.2.3.1 Germany Polyphenylene Sulfide (PPS) Market
7.2.3.1.1 Germany Polyphenylene Sulfide (PPS) Market by Type
7.2.3.1.2 Germany Polyphenylene Sulfide (PPS) Market by Application
7.2.3.2 UK Polyphenylene Sulfide (PPS) Market
7.2.3.2.1 UK Polyphenylene Sulfide (PPS) Market by Type
7.2.3.2.2 UK Polyphenylene Sulfide (PPS) Market by Application
7.2.3.3 France Polyphenylene Sulfide (PPS) Market
7.2.3.3.1 France Polyphenylene Sulfide (PPS) Market by Type
7.2.3.3.2 France Polyphenylene Sulfide (PPS) Market by Application
7.2.3.4 Russia Polyphenylene Sulfide (PPS) Market
7.2.3.4.1 Russia Polyphenylene Sulfide (PPS) Market by Type
7.2.3.4.2 Russia Polyphenylene Sulfide (PPS) Market by Application
7.2.3.5 Spain Polyphenylene Sulfide (PPS) Market
7.2.3.5.1 Spain Polyphenylene Sulfide (PPS) Market by Type
7.2.3.5.2 Spain Polyphenylene Sulfide (PPS) Market by Application
7.2.3.6 Italy Polyphenylene Sulfide (PPS) Market
7.2.3.6.1 Italy Polyphenylene Sulfide (PPS) Market by Type
7.2.3.6.2 Italy Polyphenylene Sulfide (PPS) Market by Application
7.2.3.7 Rest of Europe Polyphenylene Sulfide (PPS) Market
7.2.3.7.1 Rest of Europe Polyphenylene Sulfide (PPS) Market by Type
7.2.3.7.2 Rest of Europe Polyphenylene Sulfide (PPS) Market by Application
7.3 Asia Pacific Polyphenylene Sulfide (PPS) Market
7.3.1 Asia Pacific Polyphenylene Sulfide (PPS) Market by Type
7.3.1.1 Asia Pacific Linear PPS Market by Country
7.3.1.2 Asia Pacific Cured PPS Market by Country
7.3.1.3 Asia Pacific Branched PPS Market by Country
7.3.2 Asia Pacific Polyphenylene Sulfide (PPS) Market by Application
7.3.2.1 Asia Pacific Automotive Market by Country
7.3.2.2 Asia Pacific Electrical & Electronics Market by Country
7.3.2.3 Asia Pacific Industrial Market by Country
7.3.2.4 Asia Pacific Aerospace Market by Country
7.3.2.5 Asia Pacific Medical/Healthcare Market by Country
7.3.2.6 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Polyphenylene Sulfide (PPS) Market by Country
7.3.3.1 China Polyphenylene Sulfide (PPS) Market
7.3.3.1.1 China Polyphenylene Sulfide (PPS) Market by Type
7.3.3.1.2 China Polyphenylene Sulfide (PPS) Market by Application
7.3.3.2 Japan Polyphenylene Sulfide (PPS) Market
7.3.3.2.1 Japan Polyphenylene Sulfide (PPS) Market by Type
7.3.3.2.2 Japan Polyphenylene Sulfide (PPS) Market by Application
7.3.3.3 India Polyphenylene Sulfide (PPS) Market
7.3.3.3.1 India Polyphenylene Sulfide (PPS) Market by Type
7.3.3.3.2 India Polyphenylene Sulfide (PPS) Market by Application
7.3.3.4 South Korea Polyphenylene Sulfide (PPS) Market
7.3.3.4.1 South Korea Polyphenylene Sulfide (PPS) Market by Type
7.3.3.4.2 South Korea Polyphenylene Sulfide (PPS) Market by Application
7.3.3.5 Singapore Polyphenylene Sulfide (PPS) Market
7.3.3.5.1 Singapore Polyphenylene Sulfide (PPS) Market by Type
7.3.3.5.2 Singapore Polyphenylene Sulfide (PPS) Market by Application
7.3.3.6 Malaysia Polyphenylene Sulfide (PPS) Market
7.3.3.6.1 Malaysia Polyphenylene Sulfide (PPS) Market by Type
7.3.3.6.2 Malaysia Polyphenylene Sulfide (PPS) Market by Application
7.3.3.7 Rest of Asia Pacific Polyphenylene Sulfide (PPS) Market
7.3.3.7.1 Rest of Asia Pacific Polyphenylene Sulfide (PPS) Market by Type
7.3.3.7.2 Rest of Asia Pacific Polyphenylene Sulfide (PPS) Market by Application
7.4 LAMEA Polyphenylene Sulfide (PPS) Market
7.4.1 LAMEA Polyphenylene Sulfide (PPS) Market by Type
7.4.1.1 LAMEA Linear PPS Market by Country
7.4.1.2 LAMEA Cured PPS Market by Country
7.4.1.3 LAMEA Branched PPS Market by Country
7.4.2 LAMEA Polyphenylene Sulfide (PPS) Market by Application
7.4.2.1 LAMEA Automotive Market by Country
7.4.2.2 LAMEA Electrical & Electronics Market by Country
7.4.2.3 LAMEA Industrial Market by Country
7.4.2.4 LAMEA Aerospace Market by Country
7.4.2.5 LAMEA Medical/Healthcare Market by Country
7.4.2.6 LAMEA Others Market by Country
7.4.3 LAMEA Polyphenylene Sulfide (PPS) Market by Country
7.4.3.1 Brazil Polyphenylene Sulfide (PPS) Market
7.4.3.1.1 Brazil Polyphenylene Sulfide (PPS) Market by Type
7.4.3.1.2 Brazil Polyphenylene Sulfide (PPS) Market by Application
7.4.3.2 Argentina Polyphenylene Sulfide (PPS) Market
7.4.3.2.1 Argentina Polyphenylene Sulfide (PPS) Market by Type
7.4.3.2.2 Argentina Polyphenylene Sulfide (PPS) Market by Application
7.4.3.3 UAE Polyphenylene Sulfide (PPS) Market
7.4.3.3.1 UAE Polyphenylene Sulfide (PPS) Market by Type
7.4.3.3.2 UAE Polyphenylene Sulfide (PPS) Market by Application
7.4.3.4 Saudi Arabia Polyphenylene Sulfide (PPS) Market
7.4.3.4.1 Saudi Arabia Polyphenylene Sulfide (PPS) Market by Type
7.4.3.4.2 Saudi Arabia Polyphenylene Sulfide (PPS) Market by Application
7.4.3.5 South Africa Polyphenylene Sulfide (PPS) Market
7.4.3.5.1 South Africa Polyphenylene Sulfide (PPS) Market by Type
7.4.3.5.2 South Africa Polyphenylene Sulfide (PPS) Market by Application
7.4.3.6 Nigeria Polyphenylene Sulfide (PPS) Market
7.4.3.6.1 Nigeria Polyphenylene Sulfide (PPS) Market by Type
7.4.3.6.2 Nigeria Polyphenylene Sulfide (PPS) Market by Application
7.4.3.7 Rest of LAMEA Polyphenylene Sulfide (PPS) Market
7.4.3.7.1 Rest of LAMEA Polyphenylene Sulfide (PPS) Market by Type
7.4.3.7.2 Rest of LAMEA Polyphenylene Sulfide (PPS) Market by Application
Chapter 8. Company Profiles
8.1 Solvay SA
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Toray Industries, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.5.2 Geographical Expansions:
8.2.6 SWOT Analysis
8.3 Celanese Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 SWOT Analysis
8.4 SABIC (Saudi Arabian Oil Company)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Product Launches and Product Expansions:
8.4.5 SWOT Analysis
8.5 Tosoh Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 DIC Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 SK chemicals
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Research & Development Expenses
8.7.4 SWOT Analysis
8.8 Kureha Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Recent strategies and developments:
8.8.4.1 Geographical Expansions:
8.8.5 SWOT Analysis
8.9 Teijin Limited
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 SWOT Analysis
8.10. RTP Company, Inc.
8.10.1 Company Overview
8.10.2 SWOT Analysis
Chapter 9. Winning Imperative of Polyphenylene Sulfide (PPS) Market

Companies Mentioned

  • Solvay SA
  • Toray Industries, Inc.
  • Celanese Corporation
  • SABIC (Saudi Arabian Oil Company)
  • Tosoh Corporation
  • DIC Corporation
  • SK chemicals
  • Kureha Corporation
  • Teijin Limited
  • RTP Company, Inc.

Methodology

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