Report ID: SQMIG15E2512
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 2024-2031
Report ID:
SQMIG15E2512 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
70
Polyphenylene Sulfide Market Insights
Global Polyphenylene Sulfide Market size was valued at USD 1.41 billion in 2022 and is poised to grow from USD 1.54 billion in 2023 to USD 3.02 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).
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.
Polyphenylene Sulfide Market Report Snapshots
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