Polyphenylene sulfide or PPS is a semi-crystalline compound that offers excellent chemical and temperature resistance, dimensional stability, and several electrical properties. Growing consumer requirement for durable yet lightweight products is anticipated to propel demand for Polyphenylene sulfide (PPS) compounds. Such compounds can offer excellent thermal properties, stiffness, strength, and high creep resistance. Polyphenylene sulfide finds numerous applications in different industry verticals including electrical & electronics, automotive, industrial, and coatings.
Automotive Sector to Generate Maximum Demand for PPS
In the coming years, automotive segment is expected to witness significant growth owing to rising demand for lightweight and efficient vehicles. The segment is anticipated to expand at a growth rate of 8.6 % over the forecast period (from 2018 to 2025). Coatings segment would also generate a steady demand for PPS on account of its electrical properties and high heat resistance. Considering the rising demand, most companies in the field are focusing on the development of new and effective PPS compounds.
For instance, Teijin recently launched Solfiga, its new brand of high-performance PPS compounds designed especially for automotive and electronic companies to obtain better and lightweight products. These compounds are made with the proprietary PPS resin technologies by Initz, a joint venture of SK Chemicals and Teijin. The full-scale production of new compounds will begin at the company’s plant in Hiroshima Prefecture.
Market Insights
The global polyphenylene sulfide (PPS) market is likely to reach at USD 2.14 billion by 2025, according to a report by Grand View Research, Inc. The market is estimated to expand at a growth rate of 8.8% from 20418 to 2025. Strict government regulations regarding carbon emissions can fuel the PPS demand as it environment-friendly and 100% recyclable. Increasing adoption of PPS filter bags in power plants is also anticipated to drive the market growth in the coming years.
Rising need for green and lightweight products in various industry verticals would also stimulate the product demand, thereby augmenting market expansion. Extensive use of PPS in automobiles to increase the vehicle efficiency and strength would further foster the market demand. Leading companies in the market are SK Chemicals; Celanese Corp.; Toray Industries, Inc.; and Tosoh Corp.
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