Global Polyphenylene Sulfide Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Automotive, Electrical & Electronics, Filter Bags, Aerospace, Industrial, Coatings, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn814774673 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Polyphenylene Sulfide Market (USD Million), 2021 - 2031

In the year 2024, the Global Polyphenylene Sulfide Market was valued at USD 1,308.23 million. The size of this market is expected to increase to USD 2,100.73 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.

The global polyphenylene sulfide (PPS) market is poised for significant growth driven by its diverse applications across various industries. PPS is a high-performance thermoplastic known for its excellent thermal stability, chemical resistance, and mechanical properties. These characteristics make it particularly suitable for demanding applications in automotive, electrical and electronics, industrial, and aerospace sectors.

The demand for PPS has surged due to its ability to withstand high temperatures and harsh environments, making it a preferred material for components such as pumps, valves, electrical connectors, and automotive parts. The automotive industry, in particular, has been a major driver of PPS market growth, as manufacturers seek lightweight, durable materials to improve fuel efficiency and meet stringent emissions standards.

Geographically, Asia-Pacific has emerged as a dominant region in the global PPS market, attributed to the rapid industrialization, infrastructure development, and increasing automotive production in countries like China, Japan, and India. North America and Europe also contribute significantly to the market with their strong emphasis on technological advancements and high-value manufacturing. As the demand for lightweight, durable materials continues to rise across industries, the global PPS market is expected to witness further expansion in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Region
  4. Global Polyphenylene Sulfide Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for high-performance thermoplastics
        2. Growing automotive and electronics sectors
        3. Shift towards lightweight and fuel-efficient materials
      2. Restraints
        1. High processing costs
        2. Environmental concerns related to sulfide emissions
        3. Competition from alternative materials
      3. Opportunities
        1. Advancements in recycling technologies
        2. Expansion in emerging economies
        3. Innovations in PPS applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global Polyphenylene Sulfide Market, By Application, 2021 - 2031 (USD Million)
      1. Automotive
      2. Electrical & Electronics
      3. Filter Bags
      4. Aerospace
      5. Industrial
      6. Coatings
      7. Others
    2. Global Polyphenylene Sulfide Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Toray
      2. SK Chemicals
      3. Celanese Corporation
      4. DIC Corporation
      5. Initz Co. Ltd.
      6. Solvay S.A.
      7. Tosoh Corporation
      8. Kureha Corporation
      9. Chengdu Letian Plastic Co. Ltd.
      10. Albis Plastic GmbH
      11. SABIC
  7. Analyst Views
  8. Future Outlook of the Market