What is Global Polyphenylene Sulfide (PPS) Market?
The Global Polyphenylene Sulfide (PPS) Market is a vast and dynamic sector that deals with the production, distribution, and consumption of Polyphenylene Sulfide (PPS), a high-performance plastic that is widely used in various industries. This market is a significant part of the global economy and plays a crucial role in the development and advancement of numerous sectors. The PPS market is characterized by its high degree of competition, with several key players operating in the market. The market's value was estimated to be US$ 1029.3 million in 2022, and it is projected to reach US$ 1638.4 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.5% from 2023 to 2029. This growth is primarily driven by the increasing demand for PPS in various industries, including electronics, automotive, aerospace, and others. However, the market is dominated by the top 5 manufacturers, who collectively hold over 80% of the market share.
Injection Grade PPS, Fiber Grade PPS, Others in the Global Polyphenylene Sulfide (PPS) Market Market:
The Global Polyphenylene Sulfide (PPS) Market is segmented into Injection Grade PPS, Fiber Grade PPS, and Others. Injection Grade PPS is the largest segment in the market, accounting for about 57% of the total market share. This type of PPS is primarily used in the manufacturing of components for various industries, including automotive, electronics, and aerospace, due to its high heat resistance, chemical resistance, and dimensional stability. Fiber Grade PPS, on the other hand, is used in the production of high-performance fibers, which are used in various applications, including filtration, insulation, and reinforcement materials. The Others segment includes various other types of PPS that are used in a variety of applications. However, the market for these types of PPS is relatively small compared to the Injection and Fiber Grade PPS.
Electronic Appliances, PPS Fiber, Automobile Industry, Military & Aerospace, Others in the Global Polyphenylene Sulfide (PPS) Market Market:
The Global Polyphenylene Sulfide (PPS) Market finds its application in several areas such as Electronic Appliances, PPS Fiber, Automobile Industry, Military & Aerospace, among others. In the Electronic Appliances sector, PPS is used in the production of various components due to its excellent electrical properties, high heat resistance, and chemical resistance. In the PPS Fiber sector, PPS is used in the production of high-performance fibers, which are used in various applications, including filtration, insulation, and reinforcement materials. In the Automobile Industry, PPS is used in the manufacturing of various components, including under-the-hood parts, due to its high heat resistance, chemical resistance, and dimensional stability. In the Military & Aerospace sector, PPS is used in the production of various components, including parts for aircraft and spacecraft, due to its high performance characteristics. The Others segment includes various other applications of PPS in different industries.
Global Polyphenylene Sulfide (PPS) Market Market Outlook:
The global Polyphenylene Sulfide (PPS) market, valued at US$ 1029.3 million in 2022, is projected to escalate to US$ 1638.4 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period from 2023 to 2029. The market is predominantly controlled by the top 5 manufacturers, who collectively account for over 80% of the market share. The largest segment of the product is the injection grade PPS, which holds about 57% of the market share. This high-performance plastic is in high demand due to its versatile applications in various industries.
| Report Metric | Details |
| Report Name | Polyphenylene Sulfide (PPS) Market |
| Accounted market size in 2022 | US$ 1029.3 in million |
| Forecasted market size in 2029 | US$ 1638.4 million |
| CAGR | 6.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Toray, Solvay, DIC, Celanese, Kureha, Tosoh, HDC Hyundai EP, Zhejiang NHU, Chongqing Glion New Material, Zhuhai Changxian New Material, Letian Plastics, Tongling Ruijia |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
