The world polyphenylene sulfide market is anticipated to register substantial growth in the near future owing to increasing demand from various sectors such as automotive, electronics, industrial, and aerospace. Major factors expected to drive the market include increase in the consumption of PPS compound for high temperature applications due to its superior performance and mechanical characteristics and rise in advancement in automotive and electrical & electronics industry. Rising PPS consumption in coating applications owing to its excellent electrical properties, chemical resistance, and high heat resistance has increased its demand.
In addition, high consumption in food processing equipment, non-stick cookware, and chemical processing is estimated to stimulate market penetration during the forecast period.
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However, the presence of substitutes, including polyether ether ketone (PEEK) and polyethylenimine (PEI), and the fluctuation in raw material prices are restrains to the growth.
Polyphenylene sulfide (PPS) is a semi-crystalline, high-temperature performance polymer possessing aromatic rings linked with sulfides. It belongs to a family of high-performance thermoplastics that include specialty nylons, sulfone polymers, liquid crystal polymers, aromatic polyketones, polyetherimides, and others. Polyphenylene sulfide offers exceptional properties such as lightweight, heat resistance, tensile strength, and electrical conductivity.
The report segments the PPS market on the basis of application and geography.
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