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Global Polyphenylene Sulfide (PPS) Market Research Report 2023-2028:
According to the latest report by IMARC Group, titled " Polyphenylene Sulfide (PPS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
," the global polyphenylene sulfide (PPS) market size reached US$ 1.7 Billion in 2022.
Polyphenylene sulfide (PPS) refers to a semicrystalline material that is generally utilized in the manufacturing of various electronic components, such as circuits, sockets and plug-ins. It is produced by a reaction of dichlorobenzene and sodium sulphide that usually exhibits excellent electrical properties. Along with this, it is strong, tough and offers inherent flame resistance.
Additionally, it is an organic polymer that is also used in the production of filter fabric for papermaking felts, film capacitors, gaskets, coil boilers and specialty membranes. In comparison to polyimide (PI) and polyether ether ketone (PEEK), the production cost of PPS is relatively costefficient, due to which it is gaining prominence across the globe.
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The global market is primarily driven by the increasing product demand across the aerospace industry. This is supported by the rising utilization of PPS as a preferred alternative for aluminum in the manufacturing of airbus. Moreover, the widespread usage of PPS in the production of hybrid vehicles is creating a positive outlook for the market. Additionally, the widespread product utilization in the manufacturing of dust chambers and filter bags across power plants is acting as another major growthinducing factor.
Furthermore, continuous technological advancements in manufacturing processes are positively influencing the market growth. Other factors, including continuous product innovations, rapid industrialization and extensive research and development (R&D) activities conducted by key players in order to introduce higher grade PPS variants, are further contributing to the market growth.
Looking forward, IMARC Group expects the market to reach a value of US$ 2.4 Billion by 2028, exhibiting at a CAGR of 5.1% during 2023-2028.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/polyphenylene-sulfide-market
Key Market Segmentation
The research report includes the following segments:
Breakup by Type:
• Linear PPS
• Cured PPS
• Branched PPS
Breakup by Recyclability:
• Virgin
• Recycled
Breakup by Application:
• Automotive
• Electrical and Electronics
• Aerospace
• Medical/Healthcare
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• 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
1. What was the size of the global Polyphenylene Sulfide (PPS) market in 2022?
2. What is the expected growth rate of the global Polyphenylene Sulfide (PPS) market during 20232028?
3. What are the key factors driving the global Polyphenylene Sulfide (PPS) market?
4. What has been the impact of COVID-19 on the global Polyphenylene Sulfide (PPS) market?
5. What is the breakup of the global Polyphenylene Sulfide (PPS) market based on the type?
6. What is the breakup of the global Polyphenylene Sulfide (PPS) market based on the application?
7. What are the key regions in the global Polyphenylene Sulfide (PPS) market?
8. Who are the key players/companies in the global Polyphenylene Sulfide (PPS) market?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/polyphenylene-sulfide-market/toc
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