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Global Polyphenylene Sulfide Market Outlook to 2026

  • ID: 5412093
  • Report
  • July 2021
  • Region: Global
  • 179 Pages
  • BlueQuark Research & Consulting

FEATURED COMPANIES

  • Celanese Corporation
  • Fortron Industries LLC
  • Kureha Corporation
  • RTP Company
  • SK Chemicals
  • Toray Industries Inc.
Polyphenylene Sulfide or PPS is a heat-resistant crystalline polymer with a simple chemical structure with efficiently high mechanical (stiffness, creep resistance, and strength) and heat resistance properties. According to the publisher, the global Polyphenylene Sulfide market is expected to witness a significant growth rate during the forecasted period. The factors driving the market include its wide application in the automotive industry, where the increasing demand for lightweight and durable metal alternatives is on the rise. Further, owing to its heat resistance properties, polyphenylene sulfide is used in the electronics industry, which is expected to drive the market further. The use of polyphenylene sulfide as coatings in industries to protect ferrous parts is projected to drive the market. Further, the use of polyphenylene sulfide in the aerospace industry as a metal alternative is projected to drive the market. The use of polyphenylene sulfide as filter bags in coal-fired power plants due to its chemical and heat resistance is expected to drive the market. However, the emergence of alternatives like Polyether ether ketone and Polyetherimide, combined with the fluctuating raw material costs, is expected to hinder the market's growth.

Polyphenylene Sulfide is used to manufacture automotive components like fuel injection systems, coolant systems, water pump impellers, and others like sockets, switches, and relays, etc., and is also used in end-use industries like automobile, electronics, aerospace, and industrial.

The Automobile industry is the prime consumer of Polyphenylene Sulfide and is projected to drive the global Polyphenylene Sulfide market. Increasing population and rapid urbanization are some of the reasons behind the increased sales of automobiles, especially in countries like India and China. According to IBEF, the automobile production in India increased at 2.36% CAGR between FY16-20, with 26.36 million vehicles being manufactured in the country in FY20 with nearly 21.55 million vehicles being sold. The requirement for lower emissions and higher fuel economy has resulted in an increased focus on reducing the weight of automobiles, thus Polyphenylene sulfide, which is 100% recyclable, increases fuel economy, and reduces emission levels, is likely to drive the growing demand from the automotive sector. Since Polyphenylene Sulfide is an engineering material used in parts that require precision both externally and internally in an automobile, its applications are not limited and almost identical in both electric and conventional automobiles, thus making it essential even for the emerging electric vehicle market. Therefore the use of Polyphenylene Sulfide in the automobile industry is expected to grow and drive the overall PPS market in the future.

Some of the key market players are DIC Corporation, Celanese Corporation, Solvay SA, Toray Industries, SK Chemicals, among others.

The Asia Pacific region is expected to be a key region in Polyphenylene Sulfide production, with most of the consumption in China and India. Polyphenylene Sulfide has a vast scope of application in the automotive industry, which has resulted in rising demand from countries such as India, China, and Japan. China is the most extensive base for automobile production globally, and according to the China Association of Automobile Manufacturers, vehicle sales in China are expected to hit 27 million in 2021, up 6.7 percent year-on-year. Thus, with thousands of automobiles manufactured daily, China satisfies its domestic need and caters to the international need for vehicles. Apart from the automobile industry, China, Japan, and South Korea are some of the largest electronics manufacturers, which have Polyphenylene Sulfide as one of the components, thus surging the demand for Polyphenylene Sulfide in the region. According to Celanese Corporation, Airbus SE is using the polyphenylene sulfide manufactured by it to make lightweight fuselage for its airplanes, and thus as aviation is gaining popularity, there is a high demand for polyphenylene sulfide in the region. According to the Chinese Government, coal-fired power plants accounted for 56.8 percent of the total energy produced in the country, with the consumption of 4.98 billion metric tons of coal, making the demand for polyphenylene sulfide grow as they are used as filter bags in these plants. Further, with many industries coming up in the region, the need for coating ferrous machines makes polyphenylene sulfide an important material that is resistant to chemicals as well as heat, thus is preferred as a coating material. Factors like these have made the Asia Pacific region an essential scope for the global Polyphenylene Sulfide market.

In May 2021, Materials and Design Solutions (MDS) acquired APS Plastics, Texas, to add to its range of products.

In July 2020, Daicel acquired a stake of Celanese Corporation in Polyplastics for USD 1.575 Billion.

In May 2019, Royal DSM acquired the engineering plastics division of SRF Ltd for USD 44 million in India to expand its business.

Global Polyphenylene Sulfide Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Polyphenylene Sulfide market by segmenting based on the Type (Linear PPS. Branched PPS, Cured PPS), End-User Industry (Automobile, Electronics, Aerospace, Industrial, Others), and Geography (Asia Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trend, market dynamics, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
This product will be updated with the latest data at the time of order. Consequently, dispatch time for this product will be 7-10 business days.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Celanese Corporation
  • Fortron Industries LLC
  • Kureha Corporation
  • RTP Company
  • SK Chemicals
  • Toray Industries Inc.
1. Executive Summary

2. Research Scope and Methodology
  • 2.1 Aim & Objective of the study 
  • 2.2 Market Definition 
  • 2.3 Study Information
  • 2.4 General Study Assumptions
  • 2.5 Research Phases
3. Market Analysis
  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1 Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Market Opportunities
  • 3.5 Feedstock Analysis
  • 3.6 Regulatory Policies
  • 3.7 Analysis of Covid-19 Impact
4. Industry Analysis
  • 4.1 Supply Chain Analysis             
  • 4.2 Porter's Five Forces Analysis 
    • 4.2.1 Competition in the Industry
    • 4.2.2 Potential of New Entrants into the Industry
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Bargaining Power of Consumers
    • 4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
  • 5.1 By Type
    • 5.1.1 Linear PolyphenyleneSulfide
    • 5.1.2 Cured PolyphenyleneSulfide
    • 5.1.3 Branched PolyphenyleneSulfide
  • 5.2 By End-User Industry
    • 5.2.1 Automotive
    • 5.2.2 Electrical & Electronics
    • 5.2.3 Aerospace
    • 5.2.4 Industrial
    • 5.2.5 Others
6. Regional Market Analysis
  • 6.1 North America
    • 6.1.1 United States
    • 6.1.2 Canada
    • 6.1.3 Mexico
  • 6.2 Europe          
    • 6.2.1 Germany
    • 6.2.2 United Kingdom
    • 6.2.3 Italy
    • 6.2.4 France
    • 6.2.5 Spain
    • 6.2.6 Rest of Europe
  • 6.3 Asia-Pacific
    • 6.3.1 China
    • 6.3.2 India
    • 6.3.3 Japan
    • 6.3.4 South Korea
    • 6.3.5 Rest of Asia-Pacific
  • 6.4 South America
    • 6.4.1 Brazil
    • 6.4.2 Argentina
    • 6.4.3 Rest of South America
  • 6.5 Middle East & Africa
    • 6.5.1 South Africa
    • 6.5.2 Saudi Arabia
    • 6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
  • 7.1Solvay SA
  • 7.2Celanese Corporation
  • 7.3DIC Corporation
  • 7.4INITZ
  • 7.5Toray Industries Inc.
  • 7.6Fortron Industries LLC
  • 7.7Kureha Corporation
  • 7.8Zhejiang NHU Co. Ltd
  • 7.9SK Chemicals
  • 7.10Chengdu Letian Plastics Limited Company
  • 7.11Lumena New Materials
  • 7.12RTP Company
  • 7.13Idemitsu Lion Composites Co.,Ltd.
  • 7.14SABIC
  • * List of companies is not exhaustive
8. Competitive Landscape
  • 8.1 List of Notable Players in the Market
  • 8.2 M&A, JV, and Agreements
  • 8.3 Market Share Analysis
  • 8.4 Strategies of Key Players
9. Conclusions and Recommendations
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Solvay SA
  • Celanese Corporation
  • DIC Corporation
  • INITZ
  • Toray Industries Inc.
  • Fortron Industries LLC
  • Kureha Corporation
  • Zhejiang NHU Co. Ltd
  • SK Chemicals
  • Chengdu Letian Plastics Limited Company
  • Lumena New Materials
  • RTP Company
  • Idemitsu Lion Composites Co.,Ltd.
  • SABIC
Note: Product cover images may vary from those shown
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