The polyphenylene sulfide resin market sales in Japan is expected to be primarily propelled by the rising demand for PPS resins in automotive and electronic applications. Japan is embarking on an ambitious initiative, positioning electric applications such as connectors, switches, circuit breakers, sockets, relays, packaging (transistors, capacitors, multichip modules, potting cups, and power converters), and encapsulation as the central drivers of PPS resin demand.
The worldwide market for polyphenylene sulfide (PPS) resins is forecasted to achieve a valuation of US$ 1.3 billion in 2023 and is poised for a compound annual growth rate (CAGR) of 6.7%, projecting a total of US$ 2.5 billion by 2033.
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Notable Players’ Key Strategies
Eminent manufacturers of polyphenylene sulfide (PPS) resins, including Solvay SA, Toray Industries, Kureha Corporation, Chengdu Letian Plastics Co, Ltd., and Lion Idemitsu Composites, are at the forefront of the industry.
The surge in polyphenylene sulfide (PPS) resins consumption can be attributed to the introduction of new PPS resin grades and advancements in the manufacturing process.
Prominent companies operating in the polyphenylene sulfide (PPS) resins market have embraced various strategies, such as advanced product development, capacity expansion, mergers, acquisitions, and partnerships, in a bid to secure a competitive advantage in the market.
Segmentation of Polyphenylene Sulfide (PPS) Resins Industry Research
- By Type:
- Linear PPS
- Cured PPS
- Branched PPS
- By Application:
- Electrical & Electronics
- Automotive
- Aerospace & Defense
- Industrial
- Filters & Filter Bag
- Coatings
- Others
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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