The global polyphenylene sulfide market size was evaluated at $1.48 billion in 2023 and is slated to hit $3.14 billion by the end of 2032 with a CAGR of nearly 8.70% between 2024 and 2032.
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Polyphenylene sulfide (PPS) is an organic polymer that incorporates sulfide components. It has exceptional qualities, including chemical resistance, high-temperature resistance, dimensional stability, and flowability. Polyphenylene sulfide is reinforced with fillers and fibers to overcome its inherent brittleness.
The global polyphenylene sulfide market is expected to increase significantly over the forecast period, owing to the constantly expanding vehicle sector around the world. Polyphenylene sulfide is commonly utilized in autos due to its strong thermal tolerance. This polymer also has good flame and fuel resistance, making it useful for a variety of automotive parts. Furthermore, increased demand for filter bags in dust chamber filters and coal boilers is expected to boost the polyphenylene sulfide market in the future.
However, the availability of replacements such as PEEK (polyether ether ketone) and PEI (polyetherimide), as well as variable raw material prices for polyphenylene sulfide, may impede global polyphenylene sulfide market expansion. Conversely, the increased emphasis on the creation of bio-based engineered plastics is expected to provide attractive growth prospects for polyphenylene sulfide market participants in the future.
A full value chain analysis is included in this research to provide users with a comprehensive perspective of the polyphenylene sulfide market. To understand the competitive landscape of the market, an analysis of Porter’s Five Forces model has also been included. The study includes a market attractiveness analysis, in which all segments are benchmarked based on market size, growth rate, and overall attractiveness.
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The Global Polyphenylene Sulfide Market is segmented based on product, application and region
Global Polyphenylene Sulfide Market: Product Segment Analysis
● Crosslinked PPS
● Directlinked PPS
Global Polyphenylene Sulfide Market: Application Segment Analysis
● Automotive
● Electrical and Electronics
● Filter Bags
● Aerospace
● Industrial
● Coatings
● Others
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The global Polyphenylene Sulfide market profiles key players such as:
● Solvay S.A.
● Toray
● DIC Corporation
● Initz Co. Ltd.
● Tosoh Corporation
● Kureha Corporation
● Celanese Corporation
● Chengdu Letian Plastic Co Ltd
● SK Chemicals
● Albis Plastic GmbH
● SABIC
Polyphenylene Sulfide Market: Regional Perspectives
The regional classification also includes Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa, as well as key countries like the United States, the rest of North America, the United Kingdom, Germany, France, the rest of Europe, China, Japan, India, the rest of Asia Pacific, Brazil, and the rest of Latin America.
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa make up the global polyphenylene sulfide market. In 2017, Asia Pacific had the greatest share, and it is anticipated to maintain its dominance in the next years. The Asia Pacific polyphenylene sulfide market saw strong demand due to the region’s expanding automotive industry. China is expected to be the region’s largest revenue provider due to its thriving automobile and electricity industries. China is becoming as a major producer of electrical and electronic products. As a result, the polyphenylene sulfide market in the region is expected to grow even more in the future.
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