Polyphenylene Sulfide Market size is anticipated to witness promising growth during 2023-2032. Polyphenylene sulfide is a heat-resistant semicrystalline polymer consisting of several interconnected aromatic rings. It is thermoplastic by nature and has special properties such as flame retardant, thermal deformation, and excellent stability. It is also known for its fixed temperature range, usually between 1800ºC and 2400ºC.
New product development in various applications including electrical, electronics, industrial, automotive and aviation will favor market growth. The material is largely used in high-temperature applications due to its superior mechanical and performance features. Its use in coating applications due to excellent electrical properties, high chemical resistance, and robust heat resistance will facilitate product demand.
Global polyphenylene sulfide market is segmented into recycled and virgin categories. Recycled materials are cheaper than original materials, however, their performance is poor, and the impurities are complex. The use of services for manufacturing companies based on cost-effectiveness and strict environmental regulations will increase the demand for virgin products. It is also appreciated by many end users, including automobiles, filter bags, electrical and electronic products, and other specialty products, for its reasonable cost and environmental risk.
The polyphenylene sulfide industry is available in various forms like compounds, filaments, coating, and fibers. To improve thermal and mechanical properties, its resins are frequently reinforced with other materials, particularly reinforcing elements and glass fibers. Many of these materials are used in injection molding procedures. Conveyor belts, filtration media, and other textiles and fibers can be created from an empty product resin.
Polyphenylene sulfide market share is expected to record massive growth in the automotive landscape by 2032. The material is used in a variety of innovative automotive applications such as headlight windows, instrumental panels, door panels, rear windshields, wheel arches, center consoles, roof modules, side trims, door handles, bumpers, and leather. It is also used in other automotive applications such as electronics, chassis, power trains, and trim components.
Factors like ease of assembly during production, flexibility in design, and weight reduction potential will drive the growth of polyphenylene sulfide in the automotive sector. Increasing demand for high-performance materials in various applications in the automotive engine compartment is also increasing the market share of polyphenylene sulfide in the automotive landscape.
Asia Pacific polyphenylene sulfide market is set to attain promising growth by 2032. Japan is one of the world's largest resin producers and is expected to continue this trend in the ensuing years. The presence of well-established factories using state-of-the-art technology will support the growth of the polyphenylene sulfide sector in the country.
Polyphenylene sulfide market key players include Bayer, Chengdu Letian Plastics, FORTRAN, SABIC, Tosoh, Toray, Chevron Phillips Chemical, Solvay, Lumena, Kureha, Daicel, Haohua Honghe Chemical, Zhejiang NHU, SK Chemicals, Lion Idemitsu Composites, Jiangsu Ruitai Technology, RTP, and DIC. Companies are seeking to expand their production capacity by means of setting up new plants. For instance, in January 2021, Kureha expanded its polyphenylene sulfide production at its Iwaki Factory in Iwaki, Japan. While in February 2023, Toray Advanced Materials Korea Inc announced that it would increase the amount of TORELINA polyphenylene sulfide (PPS) resin it can produce annually at its Gunsan plant.
Russia and Ukraine are major producers and consumers of polyphenylene sulfide. Significant changes in political, economic, or social conditions could impact the PPS market across these countries. For example, trade sanctions, political instability, or changes in regulations could disrupt the supply chain and affect the availability and price of PPS. Additionally, changes in demand from these countries could affect the overall market for PPS.