The latest report by IMARC Group, titled “Polyphenylene Sulfide (PPS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global polyphenylene sulfide (PPS) market size reached US$ 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.45% during 2024-2032. Polyphenylene Sulfide (PPS) is a high-performance, semi-crystalline thermoplastic polymer known for its robustness and impressive properties. Its chemical structure provides inherent flame and chemical resistance, making it an ideal choice for demanding applications in various industries. It is characterized by its ability to remain stable at high temperatures, making it particularly useful in environments where materials are subjected to intense heat. Additionally, its resistance to chemicals, solvents, and aggressive environments ensures its durability and long lifespan. In the automotive sector, PPS produces parts that require heat resistance and chemicals, such as under-the-hood components. In the electronics sector, PPS's flame-retardant properties make it a preferred choice for connectors, sockets, and other components. Furthermore, its eco-friendly nature and recyclability are spurring its adoption in industries focused on sustainability and reducing environmental impact. As a result, polyphenylene sulfide (PPS) finds extensive applications in the aerospace, industrial, and medical sectors across the globe due to its versatility. For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/polyphenylene-sulfide-market/requestsample Polyphenylene Sulfide (PPS) Market Trends and Drivers: The global polyphenylene sulfide (PPS) market is primarily driven by rising product applications in various industrial sectors owing to high-temperature stability, chemical resistance, flame retardance, and mechanical strength. Apart from this, there is a heightened demand for PPS in the automotive sector, where it is used for manufacturing components such as engine parts, electrical connectors, and fuel system components due to the industry's pursuit of lightweight materials and fuel efficiency as catalyst market growth. Moreover, the increasing adoption of PPS in the electronics sector owing to its electrical insulating properties, which makes it suitable for connectors sockets and printed circuit boards, which is another major growth-inducing factor. Besides this, the growing emphasis on sustainability and environmental consciousness has accelerated the adoption of PPS as it is a recycle label and ecofriendly material aligning with global efforts to reduce environmental impact. Additionally, the escalating adoption of PPS in aerospace and medical applications due to its exceptional properties is propelling market growth. Furthermore, the rising demand for high-performance materials by industries to meet evolving demands is contributing to market growth. Report Segmentation: The report has segmented the market into the following categories: Breakup by Type:
- Linear PPS
- Cured PPS
- Branched PPS
- Virgin
- Recycled
- Automotive
- Electrical and Electronics
- Aerospace
- Medical/Healthcare
- Others
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
- British Plastics Federation
- Celanese Corporation
- DIC Corporation
- Kolon Plastics Inc.
- Kureha Corporation
- Polyplastics Co. Ltd. (Daicel Corporation)
- Ryan Plastics Limited
- SK Chemicals Co. Ltd.
- Solvay S.A
- Teijin Limited
- Toray Industries Inc.
- Tosoh Corporation