BESTSELLER

Polyphenylene Sulfide (PPS) Resin Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented on the basis of Type (Linear PPS, Cured PPS, and Branched PPS), End-user Industry (Automotive, Electrical and Electronics, Industrial, Aerospace, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, and Rest of the World)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The polyphenylene sulfide (PPS) resin market is expected to register a CAGR of around 5% during the forecast period. The primary factors driving the growth of the market studied arethe advantages PPS resin-based products offer over other thermoplastic resin-based products and metals.

  • The adverse impact of COVID-19 on the global economy and the supply-chain is going to affect the PPS manufacturing industry, as well as the end-user industries consuming PPS resin.
  • The automotive segment dominated the market, and is likely to witness significant growth during the forecast period. This is primarily due to innovation and development, along with an increase in the production of light-weight vehicles across the world.
  • The Asia-Pacific region dominated the PPS market over the forecast period.

Scope of the Report

The polyphenylene sulfide (PPS) resin market report includes:

Type
Linear PPS
Cured PPS
Branched PPS
End-user Industry
Automotive
Electrical and Electronics
Industrial
Aerospace
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Poland
Rest of Europe
Rest of the World
South America
Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Liner PPS to Dominate the Market

  • Adding sulfur in plastic molecule not only increases heat resistance but also facilitates molding and processing, which makes PPS a good material for replacing metal and thermosetting plastics.
  • Linear PPS is a second-generation polymer compound known for its commercial ease of processing.
  • The Molecular Weight of Linear PPS polymer is approximately double when compared to regular PPS. With increase in molecular chain length, the compound exhibits higher tenacity, better impact strength, and greater elongation, making it tougher, which allows it to be applied in a variety of processes from thin section injection molding to blow molding.
  • Linear PPS also has low ionic impurities, which makes it useful to be applied to fuel cell parts as well as in fields, where heavy and durable electrical properties are required.
  • Based on the aforementioned properties, Linear PPS polymer can be extruded, blow molded or compression molded into blocks, rods, and other shapes that are generally used for prototyping.
  • Unfilled linear polymer is also used in melt spun and melt blown to produce fabrics and fibers that can be used for filtration media, flame-resistant clothes or conveyor belts.
  • Linear PPS has no found solvent and in combination to high degree of whiteness, which enables coloring, the compound is facing growing interest from food and chemical industries.
  • Linear polyphenylene sulfide (PPS) is used in production for a variety of automotive and industrial applications and for other application, such as drying belts in the papermaking, food and chemical industries and in environmental engineering, higher wield strength and performance allows it to be used as screws and press fitting.

To understand key trends, Download Sample Report

Asia-Pacific Region is Projected to Dominate the Market

  • Asia-Pacific region accounted for the largest market share, globally. The demand for PPS is mainly driven by the increasing demand from industries, such as automotive, electrical and electronics, industrial, and aerospace.
  • Asia, which is the largest automotive manufacturing hub, witnessed a decline of 6.4% in 2019. The major countries, like China, Japan, India, South Korea, Thailand, and Indonesia, registered negative growth in the production. This is majorly due to factors, like decline in domestic demand, increasing labor costs, and implementation of new vehicle norms (BS Stage 6 vehicles in India).
  • However, the development of electric vehicles is expected to continue to gain momentum in the future, especially in China, where many government programs are promoting the move away from fossil fuels, owing to the various environmental concerns.
  • The Asia-Pacific region is witnessing numerous investments, primarily from the global automakers, like BMW, Hyundai Motors, and Honda. These companies are planning to venture into the Asia-Pacific automotive industry, primarily to increase production, while catering to the increasing demand for advanced automotive.
  • Furthermore, China has the world’s largest production base for electronics. Electronic products, such as smartphones, OLED TVs, tablets, wires, cables, and earphones, are recording the highest growth in the electronics sector. With an increase in the disposable income of the Chinese middle-class population, along with the increasing demand for electronic products, mainly from countries importing electronic products from China, the production of electronics has been increasing significantly, since the past few years.
  • The Indian government is mainly focusing on the electronic sector’s growth. Thus, it formulated various initiatives, such as a Phased Manufacturing Program (PMP), in order to add more smartphone components under the “Make in India” initiative. This is expected to drive domestic manufacturing of mobile handsets.
  • Polyphenylene sulfide (PPS) is replacing metals, alloys, thermosets, and some other thermoplastics in the engineering applications. Due to its thermal stability and chemical resistance, it is well-suited for applications in very hostile chemical environments.
  • Hence, the aforementioned market trends are expected to drive the demand for PPS in the region, during the forecast period.

To understand geography trends, Download Sample Report.

Competitive Landscape

The global polyphenylene sulfide (PPS) resin market is highly consolidated in nature, with the top eight players accounting for approximately 98% of the global market. Some of the major market players include Sichuan Deyang Chemical, Toray Industries Inc., DIC Corporation, Solvay, and Zhejiang NHU Special Materials Co. Ltd, among others.

You can also purchase parts of this report. Do you want to check out a section wise price list?

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Replacement of Conventional Materials

    2. 4.2 Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Patent Analysis

    6. 4.6 Price Trend Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Linear PPS

      2. 5.1.2 Cured PPS

      3. 5.1.3 Branched PPS

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Electrical and Electronics

      3. 5.2.3 Industrial

      4. 5.2.4 Aerospace

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Poland

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 South America

        2. 5.3.4.2 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 A. Schulman Inc.

      2. 6.4.2 Bada AG

      3. 6.4.3 Celanese Corporation

      4. 6.4.4 DIC Corporation

      5. 6.4.5 Kolon Plastics Inc.

      6. 6.4.6 Kureha Corporation

      7. 6.4.7 Polyplastics Co. Ltd

      8. 6.4.8 SABIC

      9. 6.4.9 Sichuan Deyang Chemical

      10. 6.4.10 SK Innovation

      11. 6.4.11 Solvay

      12. 6.4.12 Toray Industries, Inc.

      13. 6.4.13 Zhejiang NHU Special Materials Co. Ltd

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of Newer Grades for Innovative Applications

    2. 7.2 Growing Healthcare Sector in the Asia-Pacific Region

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Related Reports