Newark, NJ, November 17, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the Global Polyphenylene Sulfide (PPS) Market is expected to grow from $ 1.1 billion in 2020 to $ 2.19 billion by 2028, with a CAGR of 9% during the forecast period 2021-2028.

In the coming years, the development of the market will be facilitated by the increase in automobile production, especially in China, Indonesia, Mexico, United States, Germany, South Korea, Japan, Taiwan and Malaysia. In countries like India, China and Brazil, the automotive sector is expected to grow rapidly. Reducing vehicle weight has become more important due to the requirement of lower emissions and better fuel economy. Companies are looking for alternatives to polymers for metal parts, which is expected to increase the use of PPS in the years to come. The growth of Asia-Pacific road networks, along with the commitment of regional governments to industrial and infrastructure development, are expected to improve vehicle sales and hence positively influence the Polyphenylene Sulfide market. (PPS) in the years to come.

PPS (Polyphenylene Sulfide) is a semi-crystalline polymer with a rigid backbone composed of p-substituted benzene and sulfur rings. There are two types of linear polymers: linear polymers and other substances. Polyphenylene sulfide (PPS) is also a high performance engineering material with excellent mechanical properties (stiffness, creep resistance and strength). Chemical resistance, temperature resistance, fire resistance, flowability and electrical qualities allow it to maintain dimensional stability in harsh environments. Due to its low viscosity, polyphenylene sulfide (PPS) can be molded into desired shapes. PPS is also excellent for electrical and high temperature applications due to its flame retardancy. Polyphenylene Sulfide (PPS) is a corrosion resistant coating for food containers that is inert to inorganic salts, organic solvents and bases. PPS is useful for automotive components, culinary appliances, hand grills, and laboratory equipment due to its exceptional strength capabilities. The electrical insulating properties of PPS, as well as its heat resistance, make it ideal for the manufacture of lamp reflectors. Polyphenylene sulfide (PPS) is environmentally friendly because it is recyclable.

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Polyphenylene Sulfide (PPS) is a crystalline polymer with good chemical resistance, thermal performance and other qualities that are expected to drive demand in the years to come. The demand for PPS is expected to increase as it is used to manufacture different electronic components such as coils, connectors, circuit breakers, microswitches, HDD actuators, coils, relay components, terminal blocks, brush holders , thermostat parts, engine housings, and changing components. PPS has a wide range of applications in the automotive industry, which has resulted in increasing demand from countries that produce automobiles. With the increased use of composites in aircraft production, they should see more applications in aircraft manufacturing.

The major players operating in the global Polyphenylene Sulfide (PPS) market are Sabic, Kureha Corporation, Sk Chemicals, Lion Idemitsu Composites Co., Ltd, Zhejiang Nhu Special Materials Co., Ltd., Kureha Corporation, Fortran Industries Private Limited, Solvay SA, Tosoh Corporation and Dic Corporation. To gain significant market share in the global Polyphenylene Sulfide (PPS) market, major players are now focusing on adopting strategies such as mergers and acquisitions, recent developments, collaborations, joint ventures, innovations of products and partnerships. Sabic and the Solvay group are among the main manufacturers operating in the polyphenylene sulfide (PPS) market.

• For example, in 2017, DIC will set up a compounding facility in China, which is the largest market for PPS in the world.

Automotive segment dominated the market and held the largest market share of 30.9% in 2020

Based on the applications, the global Polyphenylene Sulfide (PPS) market is segmented into Electrical & Electronics, Automotive, Coatings, Industrial, Others. The automotive segment dominated the market and held the largest market share of 30.9% in 2020. PPS is used in the automotive industry to manufacture under the hood components such as engines and vehicle body parts which must withstand extreme temperatures and pressures. At high temperatures, PPS is resistant to gasoline, transmission and brake fluids. Fuel system parts, intake systems, cooling systems, lighting components, and electrical and electronic components are all examples of automotive components.

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Regional Segment of Polyphenylene Sulfide (PPS) Market

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, rest of Europe)
• Asia-Pacific (China, Japan India, rest of APAC)
• South America (Brazil and rest of South America)
• Middle East and Africa (UAE, South Africa, rest of MEA)

On the basis of geography, the global polyphenylene sulfide (PPS) market is categorized as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The North America region held the largest market share of 27.16% in 2020. This growth is due to the use of polyphenylene sulfide in air and waste management which is expected to increase demand. in North America. In addition, the rapid growth of the automotive industry is expected to boost the consumption of products in the United States. CAFE (Corporate Average Fuel Economy) rules force car manufacturers to look for materials that are both lighter and cheaper than metal. Major automakers such as Nissan, Honda Motors, and Mazda have started producing vehicles in Mexico. Modern vehicle introductions by Ford and GM are expected to spur growth in this industry, boosting the use of polyphenylene sulfide in the region. Aerospace, military and filter bags are some of the other uses. The country’s commercial aerospace sector is likely to be further boosted by the rapid replacement of old aircraft with fuel-efficient next-generation aircraft. The country’s automotive market accounts for over 29% of the overall share of the European automotive industry. The future expansion of the PPS market in Germany is expected to be aided by the growing automotive sector in the country.

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About the report:

Global Polyphenylene Sulfide (PPS) Market is analyzed on the basis of its value (USD Billion). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges to get the key insights of the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the position grid of the competitors.

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