Polyphenylene Sulfide (PPS) Resins Market
Polyphenylene Sulfide (PPS) Resins Market Study by Linear PPS, Cured PPS, and Branched PPS for Automotive, Aerospace & Defense, Industrial, and Coatings from 2023 to 2033
Analysis of Polyphenylene Sulfide (PPS) Resins Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Polyphenylene Sulfide (PPS) Resins Market Growth Outlook (2023 to 2033)
The global polyphenylene sulfide (PPS) resins market is estimated to be valued at US$ 1.3 billion in 2023 and is expected to grow at a CAGR of 6.7% to reach US$ 2.5 billion by the end of 2033.
PPS is a member of the class of high-performance thermoplastics (HPTPs), which are expensive, low-volume polymers used in specialized applications where exceptional performance and high efficiency are required. Thus, there are abundant opportunities for the PPS market to cater to the needs of the end-use verticals.
| Report Attributes | Details |
|---|---|
| Polyphenylene Sulfide (PPS) Resins Market Size (2022A) | US$ 1.2 Billion |
| Estimated Market Value (2023E) | US$ 1.3 Billion |
| Forecasted Market Value (2033F) | US$ 2.5 Billion |
| Global Market Growth Rate (2023 to 2033) | 6.7% CAGR |
| Key Companies Profiled | Solvay SA; Toray Industries; Kureha Corporation; Forton Industries LLC; DIC Corp. |
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Historic and Future Pathway Analysis for the Polyphenylene Sulfide (PPS) Resins Market
Polyphenylene sulfide (PPS) resin is a high-performance engineering thermoplastic polymer. Polyphenylene sulfide (PPS) resins have high heat deflection temperatures, greater chemical resistance, dimensional stability, and flame retardancy. The resins of Polyphenylene sulfide (PPS) are used as an alternative to metal and thermosets.
PPS belongs to a group of high-performance thermoplastics (HPTPs), which are high-priced, low-volume polymers that are sold for use in specialized applications that require a combination of extraordinary properties. These polymers represent a very small subset of the entire thermoplastics industry, which consists primarily of high-volume commodity thermoplastics.
- Short Term (2023 to 2026): The IT sector has been witnessing substantial growth in the recent past, resulting in high demand for products such as computers, storage batteries, communication equipment, switchgear, and switchboard apparatus. Advanced-grade PPS which is specially designed to be used in such products is forecast to grow in line with the IT sector and is likely to drive the PPS resin market.
- Medium Term (2026 to 2029): The trend towards manufacturing hybrid electric vehicle and chlorine-free PPS molded electronic parts are set to drive the demand for the PPS market during the forecast period. Also, headlamp haze problems have been solved by incorporating PPS Resin in the headlight assembly. Thus, the growing electric vehicles industry to drive the PPS resin market during the projection period.
- Long Term (2029 to 2033): Technological advancements such as the introduction of newer grades of PPS and innovation in manufacturing processes are aiding the demand for enhanced and compatible PPS grades which will create substantial opportunities for the market players in a long run.
According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 6.7% CAGR between 2023 and 2033.
Market Dynamics Overview
“High Application of PPS in Industrial Filtration & Filter Bags”
Polyphenylene Sulfide (PPS) is a demanding raw material for Industrial filtration & filter bags. Polyphenylene Sulfide based substrate is designed for use in high-temperature applications where alkaline and chemical resistance is required.
PPS filter bags and substrate are strong, durable, and built to last at a temperature higher than 150°C. Most common PPS filtrates are predominantly installed to protect the equipment and to increase the efficiency of purification.
PPS-incorporated filter significantly reduces maintenance costs and downtime in power and heat generation plants. Owing to the high focus on the above aspects, PPS compound has been the major raw material in Industrial filtration.
Demand for filters in the industrial and manufacturing market and key motor vehicle market will be amongst the fastest growing. Thus, the PPS compound which has been the active material in industrial filtration is anticipated to have high growth in the assessment period.
“Replacement of Halogenated PPS with more Sustainable Chlorine-free PPS”
Polyphenylene Sulfide (PPS) is primarily used for electronics and electrical appliances. The conventional Polyphenylene Sulfide (PPS) manufacturing process results in 500-5,000 ppm of chlorine remaining in the final product.
This chlorine by-product is present in the form of inorganic NaCl which is a major threat to the environment. PPS would not be permitted when the chlorine content exceeds 900 ppm. Manufacturers are nowadays working to improve polymerization techniques to reduce the level of chlorine in the PPS.
Using new polymerization process technology, it is able to achieve the desired targets in chlorine content. This low Chlorine grade PPS is market trending and has been specially designed to manufacture IT devices such as personal computers and mobile phones, in order to avoid a large number of halogen compounds on these devices.
“Instability of By-Product and High Production Cost”
Polyphenylene sulfide resins are widely used plastic compounds whose growth is affiliated with rising automobile production and have high applications in aircraft manufacturing.
When it comes to the mechanical strength of plastics, PPS is having a technological disadvantage as other substitutes like PEEK have high resistance to biodegradation and can sustain the harshest environments.
A range of substitutes such as PEEK, Ultem, and PEI compounds could hamper the consumption of PPS during the assessment period. All these substitutes have higher mechanical & chemical properties, high tensile strength, heat resistance properties, resistance to biodegradation, and inherently low flammability and smoke emission.
Further increasing consumption of PEEK and PAI compound in aircraft parts, bearings, pumps, medical implants, and electrical cable insulation, which are the potential application of PPS compound, would hamper the global PPS market.
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Country-wise Insights
Why is China Expected to Proliferate in the PPS Resins Space?
The China polyphenylene sulfide resins industry accounts for a substantial market share as compared to other noticeable counties. Reported strong growth in industrial fabrication and favorable administration policies for use of polyphenylene sulfide filter gears in coal thermal plants in china is expected to lead the market.
What is the Scenario for Polyphenylene Sulfide Resin Consumption in Japan?
Polyphenylene sulfide resin sales in Japan are projected to be mainly driven by increased demand for PPS resins in automotive and electronic applications.
Japan has an ambitious plan to make electric applications such as connectors, switches, circuit breakers, sockets, relays, packaging (transistors, capacitors, multichip modules, potting cups, and power converters), and encapsulation as the epicenter for the demand for PPS resins.
Thus, the rise of the electrical and electronics industry in Japan is poised to provide lucrative opportunities for polyphenylene sulfide resin manufacturers.
Category-wise Insights
Why Electrical and Electronics Industry is Gaining Traction?
Around 30% of world polyphenylene sulfide (PPS) resins are used in the electrical & electronic industry. PPS compound is suitable for high-temperature electrical components. The majority of PPS-based compounds are predominately used to manufacture IT devices such as personal computers and mobile phones.
The IT sector has been witnessing substantial growth in the recent past, especially in developed and developing economies. This is resulting in surging demand for commercial or coworking office spaces, which is driving demand for office equipment and products such as computers, storage batteries, communication equipment, switchgear, and switchboard apparatus.
Changing lifestyles and rising spending capacity owing to increasing per capita income are other factors influencing the shift in preference for various premium and high-end household and electronics products such as televisions, laptops, PCs, communication and entertainment devices, home appliances and interiors, and others. All the above factors will significantly increase the demand for PPS resins used in consumer appliances, electronic products, lighting, optical media, wire & cable, and electronic components.
Why Do Linear Polyphenylene Sulfide (PPS) Resins in High Demand?
The linear polyphenylene sulfide (PPS) market is anticipated to grow significantly over the next few years as a result of the increasing demand for PPS products in automotive and electrical & electronics applications for the production of sockets, bobbins & coils, connectors, relays & switches, electronic packaging, and other electrical devices. This is because PPS products have properties such as high mechanical stress, corrosion resistance, and temperature resistance.
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Eminent Players Key Stratagems
Prominent polyphenylene sulfide (PPS) resins manufacturers are Solvay SA, Toray Industries, Kureha Corporation, Chengdu Letian Plastics Co, Ltd., and Lion Idemitsu Composites.
Consumption of polyphenylene sulfide (PPS) resins is led by the introduction of new grades of PPS resins and the rise in the innovation of the manufacturing process.
Prominent companies working in the polyphenylene sulfide (PPS) resins market have adopted several stratagems such as advanced product development, capacity expansion, mergers, acquisitions, and partnerships to gain a competitive edge in the market.
Fact.MR has provided detailed information about the price points of key manufacturers of polyphenylene sulfide (PPS) resins positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Polyphenylene Sulfide (PPS) Resins Industry Research
-
By Type:
- Linear PPS
- Cured PPS
- Branched PPS
-
By Application:
- Electrical & Electronics
- Automotive
- Aerospace & Defense
- Industrial
- Filters & Filter Bag
- Coatings
- Others
-
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Type
- 7.1. Linear
- 7.2. Cured
- 7.3. Branched
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Electrical & Electronics
- 8.2. Automotive
- 8.3. Aerospace & Defense
- 8.4. Industrial
- 8.5. Filters & Filter Bag
- 8.6. Coatings
- 8.7. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Solvay SA
- 18.2. Toray Industries
- 18.3. Kureha Corporation
- 18.4. Forton Industries LLC
- 18.5. DIC Corp.
- 18.6. Initz Co, Ltd.
- 18.7. Tosoh Corporation
- 18.8. Zhejiang NHU Special Materials Co, Ltd.
- 18.9. Chengdu Letian Plastics Co, Ltd.
- 18.10. Lion Idemitsu Composites
- 18.11. Other Prominent Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 1. Global Market Value (US$ million), By Region, 2018 to 2022
Table 2. Global Market Value (US$ million) and Forecast By Region, 2023 to 2033
Table 3. Global Market Volume (Tons), By Region, 2018 to 2022
Table 4. Global Market Volume (Tons) and Forecast By Region, 2023 to 2033
Table 5. Global Market Value (US$ million), By Type, 2018 to 2022
Table 6. Global Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 7. Global Market Volume (Tons), By Type, 2018 to 2022
Table 8. Global Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 9. Global Market Value (US$ million), By Application, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 11. Global Market Volume (Tons), By Application, 2018 to 2022
Table 12. Global Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 13. North America Market Value (US$ million), By Country, 2018 to 2022
Table 14. North America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 15. North America Market Volume (Tons), By Country, 2018 to 2022
Table 16. North America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 17. North America Market Value (US$ million), By Type, 2018 to 2022
Table 18. North America Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 19. North America Market Volume (Tons), By Type, 2018 to 2022
Table 20. North America Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 21. North America Market Value (US$ million), By Application, 2018 to 2022
Table 22. North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 23. North America Market Volume (Tons), By Application, 2018 to 2022
Table 24. North America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 25. Latin America Market Value (US$ million), By Country, 2018 to 2022
Table 26. Latin America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 27. Latin America Market Volume (Tons), By Country, 2018 to 2022
Table 28. Latin America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 29. Latin America Market Value (US$ million), By Type, 2018 to 2022
Table 30. Latin America Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 31. Latin America Market Volume (Tons), By Type, 2018 to 2022
Table 32. Latin America Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 33. Latin America Market Value (US$ million), By Application, 2018 to 2022
Table 34. Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 35. Latin America Market Volume (Tons), By Application, 2018 to 2022
Table 36. Latin America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 37. Europe Market Value (US$ million), By Country, 2018 to 2022
Table 38. Europe Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 39. Europe Market Volume (Tons), By Country, 2018 to 2022
Table 40. Europe Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 41. Europe Market Value (US$ million), By Type, 2018 to 2022
Table 42. Europe Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 43. Europe Market Volume (Tons), By Type, 2018 to 2022
Table 44. Europe Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 45. Europe Market Value (US$ million), By Application, 2018 to 2022
Table 46. Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 47. Europe Market Volume (Tons), By Application, 2018 to 2022
Table 48. Europe Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 49. East Asia Market Value (US$ million), By Country, 2018 to 2022
Table 50. East Asia Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 51. East Asia Market Volume (Tons), By Country, 2018 to 2022
Table 52. East Asia Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 53. East Asia Market Value (US$ million), By Type, 2018 to 2022
Table 54. East Asia Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 55. East Asia Market Volume (Tons), By Type, 2018 to 2022
Table 56. East Asia Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 57. East Asia Market Value (US$ million), By Application, 2018 to 2022
Table 58. East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 59. East Asia Market Volume (Tons), By Application, 2018 to 2022
Table 60. East Asia Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 61. South Asia & Oceania Market Value (US$ million), By Country, 2018 to 2022
Table 62. South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 63. South Asia & Oceania Market Volume (Tons), By Country, 2018 to 2022
Table 64. South Asia & Oceania Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 65. South Asia & Oceania Market Value (US$ million), By Type, 2018 to 2022
Table 66. South Asia & Oceania Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 67. South Asia & Oceania Market Volume (Tons), By Type, 2018 to 2022
Table 68. South Asia & Oceania Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 69. South Asia & Oceania Market Value (US$ million), By Application, 2018 to 2022
Table 70. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 71. South Asia & Oceania Market Volume (Tons), By Application, 2018 to 2022
Table 72. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 73. MEA Market Value (US$ million), By Country, 2018 to 2022
Table 74. MEA Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 75. MEA Market Volume (Tons), By Country, 2018 to 2022
Table 76. MEA Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 77. MEA Market Value (US$ million), By Type, 2018 to 2022
Table 78. MEA Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 79. MEA Market Volume (Tons), By Type, 2018 to 2022
Table 80. MEA Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 81. MEA Market Value (US$ million), By Application, 2018 to 2022
Table 82. MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 83. MEA Market Volume (Tons), By Application, 2018 to 2022
Table 84. MEA Market Volume (Tons) and Forecast By Application, 2023 to 2033
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List Of Figures
Figure 1. Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 2. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 3. Global Market Value (US$ million) and Volume (Tons) By Region, 2023 & 2033
Figure 4. Global Market Y-o-Y Growth Rate By Region, 2023 to 2033
Figure 5. Global Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 6. Global Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 7. Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 8. Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 9. North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 10. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11. North America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 12. North America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 13. North America Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 17. North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 18. North America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 19. North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 20. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22. Latin America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 23. Latin America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 24. Latin America Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 25. Latin America Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 26. Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 27. Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 28. Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 29. Latin America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 30. Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 31. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33. Europe Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 34. Europe Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 35. Europe Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 36. Europe Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 37. Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 38. Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 39. Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 40. Europe Market Attractiveness Analysis By Type, 2023 to 2033
Figure 41. Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 42. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 43. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 44. East Asia Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 45. East Asia Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 46. East Asia Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 47. East Asia Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 48. East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 49. East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 50. East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 51. East Asia Market Attractiveness Analysis By Type, 2023 to 2033
Figure 52. East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 53. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 57. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 59. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 61. South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Type, 2023 to 2033
Figure 63. South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 64. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66. MEA Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 67. MEA Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 68. MEA Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 69. MEA Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 70. MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 71. MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 72. MEA Market Attractiveness Analysis By Country, 2023 to 2033
Figure 73. MEA Market Attractiveness Analysis By Type, 2023 to 2033
Figure 74. MEA Market Attractiveness Analysis By Application, 2023 to 2033
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- FAQs -
What is the Global Polyphenylene Sulfide (PPS) Resins Market Size?
The global polyphenylene sulfide (PPS) resins market will be valued at US$ 1.3 billion in 2023.
How will the Market Perform During the Forecast Period?
During 2023-2033, consumption of polyphenylene sulfide (PPS) resins is forecasted to grow at 6.7% CAGR.
What is the Polyphenylene Sulfide (PPS) Resins Market Valuation Expected for 2033?
The polyphenylene sulfide (PPS) resins market valuation is expected to reach US$ 2.5 billion by 2033.
Who are the Major Players in the Polyphenylene Sulfide (PPS) Resins Market?
Market players include Zhejiang NHU Special Materials Co, Ltd, Chengdu Letian Plastics Co, Ltd., and Lion Idemitsu Composites are majorly operating and dominating the market.
What are the Factors Driving the PPS Resins Consumption Growth During the Forecast Period?
Factors such as growing demand for polyphenylene sulfide (PPS) resins from the flourishing aerospace and electrical & electronics industries bolster the consumption growth of polyphenylene sulfide (PPS) resins.
Polyphenylene Sulfide (PPS) Resins Market