Polyphenylene Sulfide (PPS) Resins Market

Polyphenylene Sulfide (PPS) Resins Market Growth Outlook (2023 to 2033)

The global polyphenylene sulfide (PPS) resins market is estimated to be valued at US$ 1.3 billion in 2023 and is expected to grow at a CAGR of 6.7% to reach US$ 2.5 billion by the end of 2033.

PPS is a member of the class of high-performance thermoplastics (HPTPs), which are expensive, low-volume polymers used in specialized applications where exceptional performance and high efficiency are required. Thus, there are abundant opportunities for the PPS market to cater to the needs of the end-use verticals.

Report Attributes	Details
Polyphenylene Sulfide (PPS) Resins Market Size (2022A)	US$ 1.2 Billion
Estimated Market Value (2023E)	US$ 1.3 Billion
Forecasted Market Value (2033F)	US$ 2.5 Billion
Global Market Growth Rate (2023-2033)	6.7% CAGR
Key Companies Profiled	Solvay SA Toray Industries Kureha Corporation Forton Industries LLC DIC Corp.

Historic and Future Pathway Analysis for the Polyphenylene Sulfide (PPS) Resins Market

Polyphenylene sulfide (PPS) resin is a high-performance engineering thermoplastic polymer. Polyphenylene sulfide (PPS) resins have high heat deflection temperatures, greater chemical resistance, dimensional stability, and flame retardancy. The resins of Polyphenylene sulfide (PPS) are used as an alternative to metal and thermosets.

PPS belongs to a group of high-performance thermoplastics (HPTPs), which are high-priced, low-volume polymers that are sold for use in specialized applications that require a combination of extraordinary properties. These polymers represent a very small subset of the entire thermoplastics industry, which consists primarily of high-volume commodity thermoplastics.

• Short Term (2023-2026): The IT sector has been witnessing substantial growth in the recent past, resulting in high demand for products such as computers, storage batteries, communication equipment, switchgear, and switchboard apparatus. Advanced-grade PPS which is specially designed to be used in such products is forecast to grow in line with the IT sector and is likely to drive the PPS resin market.
• Medium Term (2026-2029): The trend towards manufacturing hybrid electric vehicle and chlorine-free PPS molded electronic parts are set to drive the demand for the PPS market during the forecast period. Also, headlamp haze problems have been solved by incorporating PPS Resin in the headlight assembly. Thus, the growing electric vehicles industry to drive the PPS resin market during the projection period.
• Long Term (2029-2033): Technological advancements such as the introduction of newer grades of PPS and innovation in manufacturing processes are aiding the demand for enhanced and compatible PPS grades which will create substantial opportunities for the market players in a long run.

According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 6.7% CAGR between 2023 and 2033.

Market Dynamics Overview

“High Application of PPS in Industrial Filtration & Filter Bags”

Polyphenylene Sulfide (PPS) is a demanding raw material for Industrial filtration & filter bags. Polyphenylene Sulfide based substrate is designed for use in high-temperature applications where alkaline and chemical resistance is required.

PPS filter bags and substrate are strong, durable, and built to last at a temperature higher than 150°C. Most common PPS filtrates are predominantly installed to protect the equipment and to increase the efficiency of purification.

PPS-incorporated filter significantly reduces maintenance costs and downtime in power and heat generation plants. Owing to the high focus on the above aspects, PPS compound has been the major raw material in Industrial filtration.

Demand for filters in the industrial and manufacturing market and key motor vehicle market will be amongst the fastest growing. Thus, the PPS compound which has been the active material in industrial filtration is anticipated to have high growth in the assessment period.

“Replacement of Halogenated PPS with more Sustainable Chlorine-free PPS”

Polyphenylene Sulfide (PPS) is primarily used for electronics and electrical appliances. The conventional Polyphenylene Sulfide (PPS) manufacturing process results in 500-5,000 ppm of chlorine remaining in the final product.

This chlorine by-product is present in the form of inorganic NaCl which is a major threat to the environment. PPS would not be permitted when the chlorine content exceeds 900 ppm. Manufacturers are nowadays working to improve polymerization techniques to reduce the level of chlorine in the PPS.

Using new polymerization process technology, it is able to achieve the desired targets in chlorine content. This low Chlorine grade PPS is market trending and has been specially designed to manufacture IT devices such as personal computers and mobile phones, in order to avoid a large number of halogen compounds on these devices.

“Instability of By-Product and High Production Cost”

Polyphenylene sulfide resins are widely used plastic compounds whose growth is affiliated with rising automobile production and have high applications in aircraft manufacturing.

When it comes to the mechanical strength of plastics, PPS is having a technological disadvantage as other substitutes like PEEK have high resistance to biodegradation and can sustain the harshest environments.

A range of substitutes such as PEEK, Ultem, and PEI compounds could hamper the consumption of PPS during the assessment period. All these substitutes have higher mechanical & chemical properties, high tensile strength, heat resistance properties, resistance to biodegradation, and inherently low flammability and smoke emission.

Further increasing consumption of PEEK and PAI compound in aircraft parts, bearings, pumps, medical implants, and electrical cable insulation, which are the potential application of PPS compound, would hamper the global PPS market.

Country-wise Insights

Why is China Expected to Proliferate in the PPS Resins Space?

The China polyphenylene sulfide resins industry accounts for a substantial market share as compared to other noticeable counties. Reported strong growth in industrial fabrication and favorable administration policies for use of polyphenylene sulfide filter gears in coal thermal plants in china is expected to lead the market.

What is the Scenario for Polyphenylene Sulfide Resin Consumption in Japan?

Polyphenylene sulfide resin sales in Japan are projected to be mainly driven by increased demand for PPS resins in automotive and electronic applications.

Japan has an ambitious plan to make electric applications such as connectors, switches, circuit breakers, sockets, relays, packaging (transistors, capacitors, multichip modules, potting cups, and power converters), and encapsulation as the epicenter for the demand for PPS resins.

Thus, the rise of the electrical and electronics industry in Japan is poised to provide lucrative opportunities for polyphenylene sulfide resin manufacturers.

Category-wise Insights

Why Electrical and Electronics Industry is Gaining Traction?

Around 30% of world polyphenylene sulfide (PPS) resins are used in the electrical & electronic industry. PPS compound is suitable for high-temperature electrical components. The majority of PPS-based compounds are predominately used to manufacture IT devices such as personal computers and mobile phones.

The IT sector has been witnessing substantial growth in the recent past, especially in developed and developing economies. This is resulting in surging demand for commercial or coworking office spaces, which is driving demand for office equipment and products such as computers, storage batteries, communication equipment, switchgear, and switchboard apparatus.

Changing lifestyles and rising spending capacity owing to increasing per capita income are other factors influencing the shift in preference for various premium and high-end household and electronics products such as televisions, laptops, PCs, communication and entertainment devices, home appliances and interiors, and others. All the above factors will significantly increase the demand for PPS resins used in consumer appliances, electronic products, lighting, optical media, wire & cable, and electronic components.

Why Do Linear Polyphenylene Sulfide (PPS) Resins in High Demand?

The linear polyphenylene sulfide (PPS) market is anticipated to grow significantly over the next few years as a result of the increasing demand for PPS products in automotive and electrical & electronics applications for the production of sockets, bobbins & coils, connectors, relays & switches, electronic packaging, and other electrical devices. This is because PPS products have properties such as high mechanical stress, corrosion resistance, and temperature resistance.

Eminent Players Key Stratagems

Prominent polyphenylene sulfide (PPS) resins manufacturers are Solvay SA, Toray Industries, Kureha Corporation, Chengdu Letian Plastics Co, Ltd., and Lion Idemitsu Composites.

Consumption of polyphenylene sulfide (PPS) resins is led by the introduction of new grades of PPS resins and the rise in the innovation of the manufacturing process.

Prominent companies working in the polyphenylene sulfide (PPS) resins market have adopted several stratagems such as advanced product development, capacity expansion, mergers, acquisitions, and partnerships to gain a competitive edge in the market.

Fact.MR has provided detailed information about the price points of key manufacturers of polyphenylene sulfide (PPS) resins positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Polyphenylene Sulfide (PPS) Resins Industry Research

• By Type:

  • Linear PPS
  • Cured PPS
  • Branched PPS

• By Application:

  • Electrical & Electronics
  • Automotive
  • Aerospace & Defense
  • Industrial
  • Filters & Filter Bag
  • Coatings
  • Others

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa