North America Polyphenylene Sulfide for Automobiles Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
The North American automobile industry is experiencing a significant shift toward the adoption of advanced materials, with Polyphenylene Sulfide (PPS) emerging as a key player in vehicle manufacturing. PPS is a high-performance thermoplastic that is finding increasing applications in automobiles due to its unique properties such as high heat resistance, chemical stability, and dimensional stability. As automakers focus on improving fuel efficiency and vehicle longevity, the demand for PPS in automotive components continues to rise.
One of the most significant uses of PPS in the automotive sector is in the production of under-the-hood components. These parts, such as fuel systems, transmission parts, and electrical connectors, are exposed to extreme temperatures and harsh chemicals. PPS is well-suited to these conditions, offering durability and resistance to heat that other materials struggle to match. In fact, PPS can withstand temperatures up to 260°C, making it ideal for automotive applications where heat resistance is crucial.
Additionally, PPS is being utilized in the development of lightweight components that contribute to overall vehicle fuel efficiency. With increasing pressure on automakers to meet stringent emissions standards, reducing the weight of a vehicle is a key focus. PPS, being lighter than traditional metals like aluminum and steel, is an attractive alternative for producing strong yet lightweight components. This shift towards lightweight materials aligns with the growing need for sustainability in the automotive industry.
In terms of regulatory requirements, the automotive industry in North America is facing increased scrutiny regarding emissions and safety. Manufacturers are turning to PPS to meet these demands because of its high performance in high-stress environments. The material not only contributes to enhanced vehicle performance but also helps to reduce the environmental footprint by making components that last longer and require fewer replacements.
The versatility of PPS extends beyond structural components. It is also being used in electric vehicles (EVs), particularly in battery management systems, where its electrical insulating properties are essential for maintaining safety and performance. As the North American market for electric vehicles grows, the need for materials like PPS will only intensify.
North America Polyphenylene Sulfide for Automobiles Market
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Tosoh
HDC Hyundai EP
Chongqing Glion New Material
Zhuhai Changxian New Material
Solvay
DIC
DSM
Tongling Ruijia
Toray
Celanese
Kureha
Zhejiang NHU
Letian Plastics
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 North America Polyphenylene Sulfide for Automobiles Market
Commercial Vehicle
Passenger Vehicle
Based on Types the Market is categorized into Below types that held the largest Polyphenylene Sulfide for Automobiles market share In 2023.
High Molecular Weight Resin
Medium Molecular Weight Resin
Low Molecular Weight Resin
North America (United States, North America 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 North America Polyphenylene Sulfide for Automobiles 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. North America Polyphenylene Sulfide for Automobiles Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Polyphenylene Sulfide for Automobiles Market, By Type
6. North America Polyphenylene Sulfide for Automobiles Market, By Application
7. North America Polyphenylene Sulfide for Automobiles Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Polyphenylene Sulfide for Automobiles Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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