Polyphenylene sulfide is a high-temperature performance polymer having aromatic rings connected to sulphides that is semi-crystalline. Specialty nylons, sulfone polymers, liquid crystal polymers, aromatic polyketones, polyetherimides, and other high-performance thermoplastics are among them. Lightweight, heat resistance, tensile strength, and electrical conductivity are just a few of the benefits of PPS. Polyphenylene sulphide (PPS) is a high-performance thermoplastic commonly used in the automotive and electrical and electronics industries. From 2016 to 2022, the global polyphenylene sulphide market is predicted to increase at a CAGR of 9.6%, reaching $1,856 million in 2022, up from $982 million in 2015.
The file includes market sizing and forecasts for five major currencies: the US dollar, the euro, the British pound, the Japanese yen, and the Australian dollar. When international money conversion data are easily accessible, it aids corporate leaders in making better decisions. The years 2020 and 2021 are considered historic years in this research, with 2020 serving as the base year, 2021 serving as the estimated year, and the years 2022 through 2028 serving as the forecast period.
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Impact of COVID-19
In 2019, the world was overtaken by the COVID-19 epidemic. It brought the entire globe to a halt. The world economy as a whole was impacted. In addition, a large number of people have died. COVID-19 has so far been linked to 252,297,094 cases and 5,091,465 fatalities over the world. Almost every country in the world was affected by the pandemic. Most industry suffered losses as a result of the epidemic. The Polyphenylene Sulfide Market likewise witnessed a standstill as a result of the epidemic. According to Statista, the industry’s total worldwide sales in 2019 was over US$ 3.94 trillion. The chemical sector made a record-breaking $5.4 trillion in revenue in 2014.
Statistics on the Market:
Due to increased demand from various sectors such as automotive, electronics, industrial, and aerospace, the global PPS market is expected to develop significantly in the near future. Increased usage of PPS compound for high temperature applications due to its superior performance and mechanical features, as well as advancements in the automotive and electrical & electronics industries, are projected to boost the market. PPS demand has increased as a result of its superior electrical characteristics, chemical resistance, and high heat resistance in coating applications. Furthermore, during the projected period, rising consumption of food processing equipment, nonstick cookware, and chemical processing is expected to boost market penetration. However, replacements such as polyether ether ketone (PEEK) and polyethylenimine (PEI), as well as raw material price fluctuations, limit expansion.
The PPS market is segmented by application and geography, according to the report. Automotive, electrical and electronics, industrial, aerospace, medical/healthcare, and others are the different types of applications. In terms of value, automotive was the most valuable application segment in 2014, and it is likely to continue to develop rapidly in the future. North America, Europe, Asia-Pacific, and LAMEA are the regions in which the market is divided. Asia-Pacific led the global PPS market in 2015, with North America and Europe trailing behind. In the Asia-Pacific region, the PPS market is driven by improving economies and rising demand from the automotive, electrical, and electronics industries.
From 2011 to 2016, expansion and product introduction accounted for 54 percent and 21% of the total number of strategies implemented by the top corporations, respectively. These companies’ market dominance is distinguished by their extensive PPS product portfolio and powerful distribution network.
Companies Profiled
● Toray
● SK Chemicals
● Celanese Corporation
● DIC Corporation
● Solvay
● Tosoh Corporation
● Kureha Corporation
● Chengdu Letian Plastic Co Ltd
● ALBIS
● SABIC
The report has segmented the market based on type, and application.
Breakup by Type:
• Linear PPS
• Cured PPS
• Branched PPS
Breakup by Application:
• Automotive
• Electrical and Electronics
• Aerospace
• Medical/Healthcare
• Others
KEY MARKET ADVANTAGES:
➜ This report examines the present trends, future projections, and dynamics of the global PPS market from 2014 to 2022, assisting in the identification of existing opportunities.
➜ The market is divided into four regions: North America, Europe, Asia-Pacific, and Latin America and the Caribbean.
➜ Extensive research indicates which applications are already in use as well as which types will become popular in the future.
➜ Leading manufacturers and distributors’ competitive intelligence illuminates the competitive landscape across geographies.
➜ With major dynamic aspects that interpret market behaviour, an in-depth examination of current research and advancements within the market is offered.
➜ Within the market framework, extensive study is undertaken by following important product positioning and monitoring the major rivals.
➜ The competitive landscape is depicted by profiling key industry participants and thoroughly analysing their strategies.
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