POLYPHENYLENE SULFIDE (PPS) MARKET ANALYSIS

Polyphenylene Sulfide (PPS) MarketSize and Trends

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.

Market- Trends

Polyphenylene Sulfide Market is witnessing interesting trends like increasing demand from automotive and aerospace industry where high performance materials are required due to their excellent thermal and chemical resistant properties. The electronics industry is also adopting PPS at a rapid rate, driven by the need for advanced encapsulation materials. Furthermore, manufacturers are increasingly focusing on R&D to produce cost-effective and performance-enhanced PPS compounds.