POLYPHENYLENE SULFIDE (PPS) MARKET ANALYSIS

Market News

Key Developments

• In April 2018, Tosoh Corporation launched a polyphenylene sulfide compound having enhanced thermal shock resistance. The new product will find application in automobile industry for manufacturing of light weight components. The new product has improved weld strength & liquidity and can help in reducing the weight of automobiles.
• In March 2019, DIC Corporation announced to build a new polyphenylene sulfide production line at its plant based in Wisconsin, U.S. The new production line will have an annual capacity of 3,000 metric tons and construction is expected to completed by last quarter of 2020.
• In March 2019, Toray Industries, Inc. developed a new polyphenylene sulfide resin having high flexibility while maintaining its superior chemical & heat resistance properties. The product will be used majorly in automobile applications where high heat resistance is required.
• In September 2018, Toray Industries, Inc. announced to invest US$ 89.3 million over the next three years for increasing its polyphenylene sulfide production capacity at its plant based in Gunsan, South Korea.
• In April 2018, Kureha Corporation started the expansion of its polyphenylene sulfide production line at its plant based in Fukushima, Japan. The new production line is expected to be completed by February 2021 and will increase the capacity by 5,000 tons per year.