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

By Type;

Linear PPS, Cured PPS, and Branched PPS.

By End-User;

Automotive, Electrical and Electronics, Industrial, Aerospace, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn324286411 Published Date: March, 2025 Updated Date: April, 2025

Introduction

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

In the year 2024, the Global Polyphenylene Sulfide (PPS) Resin Market was valued at USD 2,071.62 million. The size of this market is expected to increase to USD 3,261.83 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.7%.

The global market for Polyphenylene Sulfide (PPS) resin has experienced significant growth in recent years, driven by its versatile applications across various industries. PPS resin is a high-performance engineering thermoplastic known for its excellent chemical resistance, high thermal stability, and mechanical strength. These properties make it suitable for demanding applications where durability and reliability are critical.

In terms of applications, PPS resin finds extensive use in automotive, electrical and electronics, aerospace, and industrial sectors. In automotive applications, PPS resin is used for components such as fuel system components, under-the-hood parts, and electrical connectors due to its resistance to fuels and oils, and its ability to withstand high temperatures. In the electrical and electronics industry, PPS is favored for its excellent electrical properties and flame resistance, making it ideal for connectors, switches, and insulators.

The market growth is also fueled by the increasing demand for lightweight materials in various industries, coupled with the trend towards miniaturization and enhanced performance of components. Moreover, PPS resin's ability to be processed into complex shapes via injection molding further enhances its appeal across different manufacturing sectors. As industries continue to prioritize sustainability and environmental compliance, PPS resin's recyclability and resistance to harsh chemicals position it favorably in the market.

The global PPS resin market is expected to expand as industries seek advanced materials that can meet stringent performance requirements while addressing environmental concerns. Emerging applications in sectors like healthcare and consumer goods further indicate a promising future for PPS resin, driven by ongoing research and development efforts aimed at enhancing its properties and expanding its utility in diverse industrial applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End-User
    3. Market Snapshot, By Region
  4. Global Polyphenylene Sulfide (PPS) Resin Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. High Temperature Resistance
        2. Increasing Demand in Automotive Industry
        3. Growth in Electrical and Electronics Sectors
      2. Restraints
        1. High Cost of PPS Resin
        2. Limited Recycling Options
        3. Competition from Substitute Materials
      3. Opportunities
        1. Advancements in Additive Manufacturing
        2. Expansion in Asia-Pacific Markets
        3. Innovations in PPS Composites
    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 (PPS) Resin Market, By Type, 2021 - 2031 (USD Million)
      1. Linear PPS
      2. Cured PPS
      3. Branched PPS
    2. Global Polyphenylene Sulfide (PPS) Resin Market, By End-User, 2021 - 2031 (USD Million)
      1. Automotive
      2. Electrical and Electronics
      3. Industrial
      4. Aerospace
      5. Others
    3. Global Polyphenylene Sulfide (PPS) Resin 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. DIC Corporation
      2. Solvay
      3. Celanese Corporation
      4. NHU Materials Co
      5. TORAY INDUSTRIES INC
  7. Analyst Views
  8. Future Outlook of the Market