Polyphenylene Sulfide Market

Polyphenylene Sulfide Market - Global
Industry Insights, Trends, Outlook,
2016–2024
Polyphenylene Sulfide (PPS) is a semi-crystalline, high temperature engineering plastic,
which is widely accepted across various industries for its remarkable features such as
high mechanical strength, high temperature and chemical resistance. These properties
of PPS make it an appropriate alternative of choice for various metals and thermosets.
The demand for PPS has significantly increased in across applications such as
automotive components, filter bag in coal boilers, and electrical & electronic products.
Polyphenylene sulfide or PPS can be bought in diverse forms and grades, including
fibers, films, coatings, filaments and compounds. Unfilled PPS resin holds the ability to
be melt spun as well as melt blown, so as to offer fabrics and fibers that have
applications in flame-resistant clothing, filtration media and conveyor belts. Various
reinforcing materials such as glass fibers help in reinforcing polyphenylene sulfide to
enhance its thermal and mechanical properties. PPS is generally applied in injection
molding processes and can even be turned into films and coatings. These versatile
properties make PPS a preferred choice for diverse applications across various
industries.
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Key players focusing on organic growth strategies to ensure sustainable growth
in the polyphenylene sulfide market
Various leading companies in the global polyphenylene sulfide market have been
launching new products with more advanced features to increase the application area
and in turn enhance market presence of the players. For instance, DIC introduced
impact modified PPS, an elastomer-modified PPS, which possessed features such as
elongation, improved strength, excellent performance even under high temperature and
humidity, and low flash level. Apart from this, a few key companies are expanding their
production facilities in order to cater to growing demand for PPS. For instance, in April
2014, Celanese Corporation, a specialty materials company, announced the expansion
of its Nanjing, China manufacturing facility. The company added a new PPS
compounding unit to the facility, which helps in replacement of thermo sets and metals
in certain applications like aerospace, automotive and electronics. The PPS market is
expected to witness increasing competition over the near future with emergence of
various local players focusing on capitalizing on lucrative growth opportunities on offer
in the market.
Polyphenylene Sulfide Market Outlook – Increased consumption of PPS in
high-temperature applications driving market growth
Owing to its properties such as superior performance, PPS finds wide application in
high-temperature processes. This factor is projected to notably drive the market growth
over the forecast period. Besides, the recyclable nature of PPS, along with its ability to
increase fuel economy and cut emission levels, is expected to further increase its
demand, globally. The product’s wide usage in different automotive components, such
as transmission components, switches, coolant systems, and pistons, is also likely to
drive the global polyphenylene sulfide market growth in the near future.
Asia-Pacific market for polyphenylene sulfide is expected to witness the fastest growth,
during 2016-2024. This growth can be owed to increased demand from emerging
markets in the region, including India and China. On the contrary, factors such as easy
availability of substitutes, such as PEEK and PEI, and price volatility of raw materials
are projected to inhibit global market growth over the near future.
The key players operating in the global polyphenylene sulfide market are Tosoh Corp.,
DIC Corp., Toray Industries Inc., Kureha Corp., Solvay SA, China Lumena New
Materials Corp., Lion Idemitsu Composites Co. Ltd., FORTRAN Industries LLC, Initz Co.
Ltd. and Zhejiang NHU Special Materials, among others.
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Polyphenylene Sulfide Market report categorizes global market by application and other such industry segments - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

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