Market Size of Polyphenylene Sulfide (PPS) Composites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 5.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | High |
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*Disclaimer: Major Players sorted in no particular order |
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Polyphenylene Sulfide Composites Market Analysis
The polyphenylene sulfide (PPS) composites market is expected to register a CAGR of around 5% during the forecast period. The primary factors driving the growth of the market studied are the rising demand from the aerospace sector and increasing demand from the oil and gas sector.
- Challenges to form composites from fiber reinforcement and the Impact of COVID-19 are expected to hinder the market growth.
- The aerospace and defense segment dominated the market, and is likely to witness significant growth during the forecast period.
- The Asia-Pacific region dominated the PPS market over the forecast period.
