High performance Polyphenylene Sulfide (PPS) Resin Market size was valued at USD 1.5 Billion in 2024 and is projected to reach USD 2.5 Billion by 2033, exhibiting a CAGR of 6.5% from 2026 to 2033.
In 2022, the global high performance Polyphenylene Sulfide (PPS) resin market was valued at approximately USD 1.3 billion, with projections indicating growth to USD 2.5 billion by 2030, reflecting a compound annual growth rate (CAGR) of 8.5% during the forecast period. The Asia Pacific region dominated the market, accounting for over 60% of the global revenue. This dominance is attributed to the rapid industrialization and expanding automotive and electronics sectors in countries like China, Japan, and India. Chinas automotive industry, for instance, produced over 26 million vehicles in 2021, underscoring the significant demand for PPS resins in the region. North America held a substantial market share, driven by technological advancements and a robust automotive sector. Europe also contributed notably, with Germanys automotive industry producing over 6 million vehicles annually, highlighting the regions reliance on high performance materials like PPS. The Asia Pacific region is projected to maintain its leading position, with China contributing over 40% of global PPS demand and expected to grow at an annual average rate of 7%. This growth is fueled by increasing applications in automotive, electrical and electronics, and industrial sectors. North America and Europe are anticipated to experience steady growth, supported by the rising adoption of electric vehicles and advancements in electronics manufacturing. The global shift towards lightweight, high performance materials in various industries presents significant opportunities for PPS resin applications, particularly in automotive components, electrical insulation, and aerospace engineering. The increasing emphasis on sustainability and the development of eco friendly PPS resins further offer growth prospects for market participants.
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TEIJIN LIMITED
Drake Plastics
DIC
Blackwell Plastics
Toray Industries
Kureha
Celanese
Chevron Phillips Chemical
NHU Performance Materials
Solvay
Zhejiang NHU Special Materials Co Ltd
Tosoh Corporation
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global High performance Polyphenylene Sulfide (PPS) Resin Market
Aerospace
Automotive
Electronics
Industrial
Medical
Unreinforced PPS
Reinforced PPS
Specialty PPS
Aerospace and Defense
Automotive and Transportation
Electrical and Electronics
Healthcare
Industrial and Manufacturing
Granules
Powder
Sheets
Direct Sales
Distributors
Online Sales
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global High performance Polyphenylene Sulfide (PPS) Resin Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global High performance Polyphenylene Sulfide (PPS) Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global High performance Polyphenylene Sulfide (PPS) Resin Market, By Type
6. Global High performance Polyphenylene Sulfide (PPS) Resin Market, By Application
7. Global High performance Polyphenylene Sulfide (PPS) Resin Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global High performance Polyphenylene Sulfide (PPS) Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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