Allied Market Research

2024

Polyphenylene Sulfide Resins Market

Polyphenylene Sulfide Resins Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Advanced Materials

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Author's: | Eswara Prasad
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Polyphenylene Sulfide Resins Market Analysis 

Polyphenylene sulfide (PPS) resin is a high-performance semi-crystalline thermoplastic characterized by high heat deflection, good chemical defiance, omitted stability of size, and flame retardation. It is the best substitute to thermosets and metals for different systems. PPS reinforcement improves hardness, temperature resistance, impact strength and many other physical & mechanical properties. Polyphenylene sulfide resins probably consist of mineral or glass reinforcement. For some specialty, polyphenylene sulfide (PPS) resin compounds, polytetrafluoroethylene (PTFE) or polymer plus specialty fillers and/or carbon fiber can be included. Polyphenylene sulfide (PPS) resin has a unique combination of properties, like its cost-effectiveness and performance balance. Polyphenylene sulfide (PPS) resins are classified under high-performance thermoplastics (HPTPs), which include special nylon, polybenzimidazoles, acetals, polymethylene, polyamide-imides (PAIs), and others. PPS are majorly used in industries such as mechanical, electrical, automotive, packing industry, and industries containing & incorporating PPS cables, fibers, films, gasket, and coal boilers. The mechanical, automobile, electrical and electronic industries use polyphenylene sulfide majorly.

COVID-19 Scenario Analysis:

The outbreak of the COVID-19 pandemic has impacted the global polyphenylene sulfide resins market to a great extent.

  • The COVID-19 pandemic has had a swift and devastating impact on the global automotive industry. Automobile sector is the biggest consumer of polyphenylene sulfide (PPS) resin; and due to less production in the automobile industry, there is a steep fall in the demand for polyphenylene sulfide resins.
  • Prior to the COVID-19 pandemic, a passable growth in the electronics market was observed worldwide. However, during the pandemic, global electronic industry has faced a dual impact. The electronic parts manufacturing facilities have been suspended due to inflation and the unavailability of workers around the world. On the other hand, plastic industry dependent on electronic industry experienced a decline in growth due to COVID-19. Mainly plastic parts of electronic industry are made up by polyphenylene sulfide resin.
  • Due to the outbreak of the pandemic, work from home has increased significantly. This has caused a steep rise in the demand for Wi-Fi cables; however, requirement of polyphenylene sulfide resins has increased, as polyphenylene sulfide resins have important applications in manufacturing of fiber cables.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

One of the major factors responsible for driving the growth of the global polyphenylene sulfide (PPS) resins market is the rapid growth in the automobile, electrical, electronics, industrial, and aerospace sector. However, the development of electric vehicles is expected to continue to experience growth in the future, especially in China and India, where governments opened programs to promote the removal of fuel, due to various environmental problems. In addition, China is the dominating country due to presence of world’s largest electronics manufacturing infrastructure. There is wide increase in demand for electronic products such as, OLED TVs, smart meters, toys, smartphones, tablets, earphones, and cables in the last two-decades. There has been an increase in the disposable income of middle-class Chinese people, and the growing demand for electronic products, especially from imported electronic products from China, electronic production has increased significantly, over the past few years. The Indian government is focused on the growth of the electronics sector. Therefore, the government is engaged in developing various programs, such as the Phased Manufacturing Program (PMP), with the aim of adding more smartphone components under the “Make in India” program. This is expected to drive home production of mobile handsets and other electronic products.

In terms of market share, Asia-Pacific dominates across the globe in the polyphenylene sulfide (PPS) resin market due to surge in demand for automotive, electronics, and electrical items, especially in India and China.

Key Benefits of the Report:

  • This study presents the analytical depiction of the polyphenylene sulfide (PPS) resin industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global polyphenylene sulfide resins market share.
  • The current market is quantitatively analyzed to highlight the global polyphenylene sulfide (PPS) resin market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
  • The report provides a detailed global polyphenylene sulfide (PPS) resin market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Polyphenylene Sulfide Resins Market Research Report:

  • What are the leading market players active in the polyphenylene sulfide (PPS) resin market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

Polyphenylene Sulfide Resins Market Report Highlights

Aspects Details
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By Type
  • Linear PPS
  • Cured PPS
  • Branched PPS
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By Application
  • Automotive
  • Electrical & electronics
  • Aerospace
  • Other applications (sterilizable medical, dental, coatings and laboratory equipment, hair dryer grills and components)
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Key Market Players

Torray Resin Company, Celanese, Solvay, Zhejiang NHU Special Materials, S.K. Chemicals, Tosoh Corp. (manufacturer PPS resins), Initz Co. Ltd ( a joint venture between SK Chemicals and Teijin Ltd)., Poly-plastic, DSM, Lion Idemitsu Composites, Lumena, RTP Company, Fortron Industries LLC (joint venture of Kureha Corp. and Celeanse Corp.), DIC Corp., Lahman &Voss, Kureha Corp., SABIC

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Polyphenylene Sulfide Resins Market

Global Opportunity Analysis and Industry Forecast, 2023-2032