H1 2023: Polyphenylene Sulfide (PPS) prices exhibited mixed sentiments in Asia Pacific region in H1 2023. In February 2023, the domestic PPS market observed a slight price increment, supported by steady demand, while major exporters encountered subdued demand in their respective local markets. In March 2023, the Polyphenylene Sulfide (PPS) market in India recorded a marginal price uptick, driven by heightened seasonal demand from downstream sectors. The market exhibited a bullish trend characterized by moderate to high demand and a balanced supply. The improved performance of downstream industries like automotive were key factors influencing the price dynamics. In April 2023, the PPS price experienced a marginal increase as demand continued to rise, although a short-term spot availability shortage emerged as a key influencing factor. The market conditions were characterized as bullish, featuring a moderate to high supply and a moderate to low demand, leading to trader uncertainty regarding the sustainability of the upward price trend. In May 2023, the Indian market specifically observed a notable reduction in the price of Polyphenylene Sulfide (PPS). This downward shift was attributed to abundant product availability coupled with a moderate to low demand from domestic downstream buyers. The influence of competitively priced imports from major Asian countries further impacted the pricing trend. The price remained stable till June 2023 in the Indian market characterized by moderate PPS purchasing behaviours.
The global Polyphenylene Sulfide market reached a volume of roughly 300 thousand tonnes in the year 2022 and is likely to grow at a healthy CAGR of 4.90% during the forecast period until 2032.
Polyphenylene Sulfide (PPS) stands out as a high-performance engineering plastic celebrated for its remarkable thermal, chemical, and electrical attributes. Its versatility finds expression across diverse industries, with a notable presence in automotive applications where it contributes to the manufacturing of components like fuel systems, air management systems, transmission components, and electrical connectors due to its exceptional heat resistance and dimensional stability. In the realm of electrical and electronics, PPS is a preferred material for crafting connectors, sockets, switches, and insulators, thanks to its high dielectric strength and flame-retardant qualities. The industrial sector benefits from PPS in the production of parts requiring resistance to chemicals, heat, and wear, such as those found in pumps, valves, and various mechanical components. Its utility extends to water management systems, contributing to the manufacturing of pipes, fittings, and pump components due to its robust chemical resistance. Embracing modern manufacturing techniques, PPS is even employed as a material for 3D printing filaments, leveraging its high-temperature resistance and mechanical strength. Its prowess extends into the aerospace industry, finding applications in critical components like electrical connectors, sensors, and various structural elements, making PPS a sought-after material in industries demanding high-performance solutions.
The burgeoning global automotive industry is a key catalyst for the positive trajectory of the Polyphenylene Sulfide (PPS) market. PPS, renowned for its exceptional thermal resistance, finds extensive application in crafting high-temperature-exposed automobile components such as carburettors, exhaust gas return valves, lighting systems, and ignition plates, contributing to the market's optimistic outlook. Furthermore, the aerospace and defense sectors' increasing demand for PPS-enhanced composites in critical applications like wings, fuselage, seat frames, interior panels, and high-temperature ducting is propelling market growth. The market is also witnessing heightened demand for linear PPS, driven by its superior tenacity and enhanced impact strength. Furthermore, the surge in electric vehicle (EV) adoption amplifies PPS's relevance, aligning with the automotive industry's growing emphasis on sustainability. The global Polyphenylene Sulfide market is likely to reach roughly 475 thousand tonnes by 2032.
Geographically, Asia Pacific region takes the lead as the primary consumer in the Polyphenylene Sulfide (PPS) market. The Asia Pacific region emerges as a dominant force in the Polyphenylene Sulfide (PPS) market due to dynamic factors fuelling market growth. The robust expansion of the automotive industry, particularly in major markets like China and Japan, propels the demand for PPS in high-temperature applications within vehicle components. The region's rapid industrialization, notably in emerging economies such as India and China, contributes to the escalating adoption of PPS across diverse industrial sectors, including electronics and aerospace. The increasing prevalence of electric vehicles in the Asia Pacific region further amplifies the demand for PPS, as it finds essential applications in electric vehicle components. Infrastructure development projects and a growing awareness of eco-friendly solutions align with PPS characteristics, fostering its utilization in construction and other applications. Innovations in PPS formulations cater to evolving industry needs, consolidating the Asia Pacific region's dominance in the thriving PPS market.
Based on the end-user industry, the global Polyphenylene Sulfide (PPS) market is segmented into Aerospace & Defence, Automotive, Industrial, and Others. However, Aerospace & Defence industry dominates the global Polyphenylene Sulfide (PPS) market followed by Automotive industry. In 2022, Aerospace & Defence industry held about 46% of the market share.
Major players in the Global Polyphenylene Sulfide (PPS) market are Celanese Corporation, DIC Corporation, Ensinger, RTP Company, SABIC, Solvay, Teijin Limited, Toray Advanced Composites, Xiamen LFT Composite Plastic Co. Ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Polyphenylene Sulfide (PPS) which covers production, demand and supply of Polyphenylene Sulfide (PPS) market in the globe.
• To analyse and forecast the market size of Polyphenylene Sulfide (PPS)
• To classify and forecast Global Polyphenylene Sulfide (PPS) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Polyphenylene Sulfide (PPS) market in the globe.
To extract data for Global Polyphenylene Sulfide (PPS) market, primary research surveys were conducted with Polyphenylene Sulfide (PPS) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Polyphenylene Sulfide (PPS) market over the coming years.
ChemAnalyst calculated Polyphenylene Sulfide (PPS) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Polyphenylene Sulfide (PPS). ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Polyphenylene Sulfide (PPS) manufacturers and other stakeholders
• Organizations, forums and alliances related to Polyphenylene Sulfide (PPS) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polyphenylene Sulfide (PPS) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Polyphenylene Sulfide (PPS) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
72 thousand tonnes
Market size Volume in 2032
105 thousand tonnes
Growth Rate
CAGR of 3.5% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Aerospace & Defence, Automotive, Industrial, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Polyphenylene Sulfide (PPS) in terms of volume in 2022?
Ans:
The global market size of Polyphenylene Sulfide (PPS) had reached approximately 72 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Polyphenylene Sulfide (PPS)?
Ans:
North America is the leading consumer of Polyphenylene Sulfide (PPS) globally.
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