USD 1.41 billion
Polyphenylene Sulfide Market Size, Share, Growth Analysis, By Type(Linear PPS, Cured PPS, and Branched PPS), By Application(Automotive, Electrical & Electronics, Industrial, Coatings), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15E2512 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
70
Polyphenylene Sulfide Market Insights
Polyphenylene Sulfide Market size was valued at USD 1.54 Billion in 2023 and is poised to grow from USD 1.68 Billion in 2024 to USD 3.29 Billion by 2032, growing at a CAGR of 8.8% during the forecast period (2025-2032).
Polyphenylene sulfide is an organic polymer that finds extensive application across different industry verticals. It is extensively used to make electrical insulation products and is also widely used in different automotive applications as well. polyphenylene sulfide is extremely lightweight and easy to cast, which is why it is being used to make different automotive components as the focus on reducing the weight of vehicles increases around the world. Rising digitization is boosting the growth of the electrical and electronic industry, which in turn, is slated to benefit polyphenylene sulfide demand going forward. High investments in material R&D are also slated to create new opportunities for polyphenylene sulfide companies going forward.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Linear PPS
Fastest Growth
Branched PPS
Growth Rate
8.8% CAGR
Global Polyphenylene Sulfide Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Polyphenylene Sulfide Market Segmental Analysis
The global polyphenylene sulfide market is segmented based on type, size, distribution channel, and region. Based on type, the market is bifurcated into linear PPS, cured PPS, and branched PPS. Based on the application, the market is segmented into automotive, electrical & electronics, industrial, coatings, and others. On a regional level, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Type
Linear PPS accounts for a dominant share of the global market at present. Corrosion, temperature, and high mechanical stress resistance are key factors estimated to bolster sales of linear PPS across the forecast period. The growing use of linear PPS in the manufacturing of several products across various industry verticals also allows it to hold a high share in the global marketplace. Linear PPS is also cheaper as compared to other alternatives, and this also makes it a favorite choice for different manufacturers.
Branched PPS is projected to increase in demand at a notable pace over the coming years. Surging use of branched polyphenylene sulfide to create lightweight automotive components such as pistons, transmission components, etc. The electrochemical properties of branched PPS also make them a preferred choice in different industry verticals across the forecast period.
Analysis by Application
The majority of polyphenylene sulfide is being utilized in automotive applications around the world. Rapidly expanding automotive manufacturing activity and rising sales of vehicles are contributing to the high demand for polyphenylene sulfide in this segment. The extensive use of polyphenylene sulfide to prevent corrosion of different parts of vehicles allows this segment to hold a prominent market share. The high use of polyphenylene sulfide in the preparation of gasket packings for different automotive applications also contributes to the significant market share of this segment.
Meanwhile, demand for polyphenylene sulfide in electrical and electronics applications is also slated to surge at a rapid pace over the coming years. Connectors, circuit breakers, heat exchangers, and relays are some important electrical components that utilize polyphenylene sulfide. Increasing digitization around the world is forecasted to benefit growth in this segment over the coming years.
Global Polyphenylene Sulfide Market By Type
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Polyphenylene Sulfide Market Regional Insights
Increasing urbanization in the Asia Pacific region is projected to help this regional market account for a sizeable share of the global polyphenylene sulfide demand. The presence of robust electronics and automotive manufacturing activity in this region is also boosting polyphenylene sulfide market growth in this region. China is slated to be the top market for polyphenylene sulfide suppliers with Japan, India, and South Korea being other investment-worthy markets in the Asia Pacific region.
Europe is also estimated to account for a notable share of the global polyphenylene sulfide market, and most of growth in this region can be attributed to key automotive manufacturers. Germany is forecasted to be the most rewarding space for polyphenylene sulfide sales in the European region. The increasing digitization of different industry verticals and rising preference for sustainable materials are other factors that could uplift sales of polyphenylene sulfide in this region.
Global Polyphenylene Sulfide Market By Region
- Largest
- Fastest
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Polyphenylene Sulfide Market Dynamics
Drivers
High Demand for Lightweight Vehicles
- Lightweight vehicles produce fewer emissions and are compliant with modern emission regulations, which is why automotive companies are continually focusing on adopting new lightweight materials to produce automotive components and polyphenylene sulfide is one of them.
Restraints
Price Volatility
- Production of polyphenylene sulfide is completely dependent on raw materials, whose availability and prices are always fluctuating. This is why polyphenylene sulfide suppliers cannot provide a stable price for polyphenylene sulfide products, which could slow down market growth in the long run.
Availability of Alternatives
- Cheap and more sustainable alternatives to polyphenylene sulfide are increasing in availability in the global marketplace. With more and more companies opting for these alternatives, global polyphenylene sulfide sales are slated to be hurt going forward.
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Polyphenylene Sulfide Market Competitive Landscape
Polyphenylene sulfide manufacturers are investing heavily in research and development to create new polyphenylene sulfide products that have advanced capabilities and better properties than existing polyphenylene sulfide products. The rising popularity of flexible circuits is also estimated to play in the hands of polyphenylene sulfide companies as PPS would be a crucial component in making flexible electronics. High demand for sustainable polymers is also slated to push polyphenylene sulfide producers to make more eco-friendly polyphenylene sulfide products in the future.
Top Player’s Company Profiles
- SABIC
- Lion Idemitsu Composites Co. Ltd.
- Solvay S.A.
- TEIJIN Limited
- Polyplastics Co. Ltd.
- Celanese Corporation
- LG Chem
- Tosoh Corporation
- SK Chemicals
- Ensigner
- DIC Corporation
- Zhejiang NHU Co., Ltd.
- Toray Industries
- RTP Company
- Chengdu Letian Plastics Co., Ltd.
Recent Developments
- In October 2023, Solvay, a renowned chemicals and material supplier, announced the launch of two new grades of polyphenylene sulfide. Ryron polyphenylene sulfide grades are made from recycled glass fibers and feature best-in-class electrical performance as well.
Polyphenylene Sulfide Key Market Trends
- High Demand for Modified PPS: Companies can focus on enhancing the qualities and properties of polyphenylene sulfide to improve its application scope. Impact and elastomer-modified polyphenylene sulfide materials are the perfect examples of how manufacturers can innovate and expand their business potential in the long run.
Polyphenylene Sulfide Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, high demand for lightweight materials in the automotive industry and the growing use of polyphenylene sulfide in the manufacturing of electrical and electronic components are projected to boost market growth going forward. Growing automotive production activity around the world, high demand for innovative new materials, and rising investments in material R&D are other factors that boost market development. However, the presence of alternatives and price volatility of polyphenylene sulfide is estimated to slow down polyphenylene sulfide sales in the future. The Asia Pacific region is slated to account for a dominant market share owing to rapid industrialization and growing manufacturing activity in this region. Companies are forecasted to invest heavily in R&D to create new polyphenylene sulfide products with better properties and characteristics over the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.41 billion |
| Market size value in 2031 | USD 3.02 billion |
| Growth Rate | 8.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Polyphenylene Sulfide Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Polyphenylene Sulfide Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Polyphenylene Sulfide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyphenylene Sulfide Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyphenylene Sulfide Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polyphenylene Sulfide Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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