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Polyphenylene Sulfide Market: Information by Type (Linear PPS, Cured PPS, Branched PPS), End User Industry (Automotive, Industrial, Aerospace), and Region — Forecast till 2030

Published At : 20 Jul, 2022
Updated At : 26 Jul, 2022
Market Snapshot
Base Year:
2021
Study Period:
2020-2030
CAGR:
8.85 %
Fastest Growing Market:
North America
Largest Market:
Asia Pacific

The global market for polyphenylene sulfide was valued at USD 1.53 billion in 2021, and it is anticipated to reach USD 3.28 billion by 2030 at a CAGR of 8.85%.  Polyphenylene sulfide, abbreviated as PPS, is a semi-crystalline polymer that can withstand high temperatures. It is made up of several aromatic rings connected. A synthetic fiber from this product is known to have good thermal and chemical resistance in addition to high mechanical and temperature qualities. It is created by spinning the product. It is a thermoplastic material by its very nature and possesses several unique properties, such as resistance to heat and flame, excellent dimensional stability, and high thermal deflection. It is also famous for its steady service temperature, which typically falls between 1800 and 2400 degrees Celsius.

Commercially available forms and grades of polyphenylene sulfide include fibers, compounds, films, filaments, and coatings. Other commercially available forms include coatings. To improve its resins' thermal and mechanical properties, it is common practice to fortify them with several glass fibers and other reinforcing elements. The majority of applications for these compounds are found in injection molding techniques. A product resin that has not been filled can be melted down and then blown up to produce a variety of fabrics and fibers. These can be used to make flame-resistant garments, filtration media, and conveyor belts, among other things.

Polyphenylene Sulfide Market share

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Market Dynamics

Polyphenylene Sulfide Market Drivers

  • A newer grade of polyphenylene sulfide gains popularity hence increasing demand for PPS resins.

PPS resin polymers are widely applied in various have a widespread application in various industries, including the automobile, electronics, and mechanical industries. Extreme pressure and temperature conditions and the more common end-user forms are present in these applications. For this reason, it has become rather vital for makers of PPS resin to provide sustainable grades of polyphenylene sulfide (PPS) resins.

PPS resin makers are now working toward developing and offering PPS polymers that are magnetic, conductive, and low-wear capable. The use of PPS resins in various end-use applications is anticipated to increase due to the development of these more recent grades.

In addition, as a result of technological developments, more recent grades are now capable of being blow-molded or extruded. The focus on the massive potential for market players is supported jointly by a rise in the global demand for PPS resins and by newer grades of PPS resins.

  • Increasing demand for PPS in the automotive industry

The automotive industry is the primary engine leading to high growth rates of the global market demand for polyphenylene sulfide. It is used in a variety of standard as well as newly developed automotive applications, such as rear windshield glazing, instrument panels, headlight lens, door panels, wheel covers, center consoles, roof modules, interior trims, door handles, bumpers, and housings. Some of the applications that use it are listed below. Additionally, it is utilized in various automobile applications, such as electrical components, chassis, powertrain, and trim components. The potential for weight reduction, simplicity of assembly during manufacturing, and design flexibility are three significant factors driving the expansion of the polyphenylene sulfide market in the automobile industry. Polyphenylene sulfide market share in the automotive industry is partly driven by the increasing need for high-performance materials in various applications within a vehicle engine compartment.

Polyphenylene Sulfide Market Opportunities

  • Increasing competition soon because of emerging local players

The top polyphenylene sulfide producers in the global market have been producing new products with more advanced qualities in order to widen the variety of uses for their products and, consequently, increase their positions in the market. For example, DIC introduced impact-modified PPS, an elastomer-modified PPS, which featured characteristics such as elongation, enhanced strength, outstanding performance even under high temperature and humidity, and a low flash level. DIC also marketed this material as having a low flash level. In addition, several essential enterprises are expanding their production facilities to meet the rising demand for PPS. For example, in April of 2014, Celanese Corporation, a firm specializing in producing specialized materials, stated that it would be expanding its manufacturing site in Nanjing, China. The facility now contains a new PPS compounding unit, which the company recently installed. This device assists in the replacement of thermosets and metals in specific applications, including those in the aerospace, automotive, and electronics industries. It is anticipated that the PPS market will experience rising levels of rivalry in the not-too-distant future due to the introduction of several regional companies that are intent on making the most of the attractive growth opportunities that are now available in the market.

Polyphenylene Sulfide Market Restraints

  • Existence of substitutes and price volatility

In contrast to commonly used materials, polyphenylene sulfide has unique characteristics and attributes that make it unique and significantly more practical for various applications. It is difficult for producers and customers due to the ongoing fluctuation in polyphenylene sulfide costs, ranging from $9 to $18 per kilogram. Additionally, the makers occasionally suffer losses due to these annoying price swings, which significantly slow the market's expansion. High production costs may seriously threaten the market for polyphenylene sulfide (PPS). The expansion of the polyphenylene sulfide market is significantly constrained by the availability of replacement materials like PEEK and PEI and the fluctuating costs of raw materials.

 

Segmentation of the Global Polyphenylene Sulfide Market

The global polyphenylene sulfide market is divided into three parts based on type, end-user, and region. The market for polyphenylene sulfide is further segmented based on type: linear PPS cured PPS and branched PPS.

Based on the end-use industry, the market for polyphenylene sulfide is further segmented into automotive, electrical & electronics, industrial, aerospace, and others. The automotive sector dominates the market. Automakers utilize PPS to make engines and body parts that can withstand high temperatures and pressures. PPS is impervious to brake, gearbox, and gasoline fluids at high temperatures. Automotive parts include, for instance, those for the fuel system, the induction system, the cooling system, the lighting system, and the electrical and electronic systems.

From a regional standpoint, the market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Asia-Pacific is anticipated to dominate the market.

 

Regional Analysis of the Global Polyphenylene Sulfide Market

The global market for polyphenylene sulfide is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Polyphenylene Sulfide Market Regional Analysis

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Soon, Asia Pacific is anticipated to rule the polyphenylene sulfide market. The market in the Asia Pacific is expanding because of the increasing usage of PPS in automotive components and as filter bags in coal-fired power plants. PPS consumption in the automotive sector is anticipated to rise as businesses search for polymer alternatives to metal parts. Global automakers, including Honda, Hyundai Motors, and BMW, are among those making many investments in the Asia-Pacific region. Such actions are fostering a favorable climate for the market's expansion. North America produces the majority of PPS resins due to established significant producers in the region. The United States is home to many PPS resin manufacturing facilities. The electronic industry in Europe produces a variety of electronic components, including coil formers, circuit breakers, connectors, micro switches, relay components, HDD actuators, terminal blocks, thermostat parts, brush holders, motor housings, and switch components that use PPS, is the driving force behind the market's expansion. The market for polyphenylene sulfide (PPS) is expanding in Latin America due to rising consumer awareness of environmentally friendly materials. Due to new technological developments in polyphenylene sulfide (PPS) manufacture and use, the Middle East and Africa experienced continuous growth.

 

Key Players in the Global Market

List of Top Polyphenylene Sulfide Market Manufacturers

  • Sk Chemicals
  • Dic Corporation
  • Lion Idemitsu Composites Co., Ltd
  • Zhejiang Nhu Special Materials Co., Ltd
  • Sabic
  • Kureha Corporation
  • Kureha Corporation
  • Solvay SA
  • Tosoh Corporation
  • Fortran Industries Private Limited

 

Recent Developments

  • In June 2022, to increase capacity and capabilities at the production facility of its SK Biotek subsidiary in Swords, Dublin, SK Pharmteco has previously announced a two-phase, $35 million investment.

  • In April 2022, DIC Corporation decided to change its sales prices for its DIC.PPS polyphenylene sulfide (PPS) products. The retail price of products shipping after April 25, 2022, will be higher.

  • In May 2022, Kureha Corporation announced that US-based startup Claros Technologies, Inc. (Claros) and its wholly-owned subsidiary Kureha America Inc. had inked a joint development agreement to create a PFAS capture and destruction technology platform.

 

Global Polyphenylene Sulfide Market Segmentation

By Type

  • Linear PPS
  • Cured PPS
  • Branched PPS

By End-Use Industry

  • Automotive
  • Electrical & Electronics
  • Industrial
  • Aerospace
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East & Africa
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