Polyphenylene sulfide (PPS) is a thermoplastic polymer known for its heat and chemical resistance properties. It is used as an alternative to metals in applications where resistance to corrosion and high temperatures are required. PPS finds application in automotive components, electrical & electronics, industrial components, and filtration applications owing to its excellent mechanical and chemical properties. The global Polyphenylene Sulfide (PPS) Market is estimated to be valued at US$ 1.3 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Growing applications of PPS in the electrical and electronics industry has been a key trend driving the demand. PPS has emerged as a preferred polymer over metals in applications involving high temperatures or stress such as electrical connectors, switches, connectors, semiconductors, magnetic components among others owing to its light weight and resistance to heat, chemicals and moisture. PPS exhibits very high dimensional stability and melt creep resistance making it suitable for applications in high-voltage switching devices and connectors that carry high currents and operate at elevated temperatures. This trend has significantly boosted the consumption of PPS resin in the electrical and electronics industry over the past few years.

SWOT Analysis
Strength: PPS exhibits high strength, rigidity, heat resistance and resistance to chemicals. It has excellent dimension stability and ability to withstand high and low temperatures.

Weakness: PPS resin processing requires high temperature which increases processing costs. It has lower impact strength compared to other engineering plastics.

Opportunity: Growing demand from automotive and electronics industries. Increasing use of PPS in 3D printing filaments due to its superior properties.

Threats: Volatility in raw material prices can impact production costs. Strong competition from alternative plastics such as PEEK and PEI.

Key Takeaways
The Global Polyphenylene Sulfide (PPS) Market Demand is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis: The Asia Pacific region accounts for more than 50% of the global polyphenylene sulfide market share and is growing at the fastest pace. Availability of raw materials and low production costs drive the market growth in the region. China is the largest producer and consumer of PPS resin globally. India is also emerging as a key manufacturer of PPS owing to policy support for the chemicals industry.

Key players operating in the polyphenylene sulfide (PPS) market are Nestle, Fresenius Kabi AG, Abbott, Danone S.A., Eli Lilly and Company, Diabetain, Essens Wellness Technologies Private Limited, Medlife, BestSource Nutrition Pvt. Ltd., Inlife Pharma Pvt. Ltd., B Jain Pharmaceuticals Private Limited, PT Kalbe Farma Tbk, Natxtra, Unique Biotech Limited (UBL), Newtrition Plus Health & Wellness Pvt. Ltd., Venus Remedies Limited, Zemaica Healthcare.

For more insights, Read- https://www.ukwebwire.com/polyphenylene-sulfide-pps-market-size-and-share/