Contents
Introduction
PPS (polyphenylene sulfide) is a high-performance super engineering plastic known for its excellent heat resistance, chemical resistance, and dimensional stability. It is widely used in high-performance components for automobiles, electrical and electronic devices, and industrial equipment. Demand is particularly increasing for metal replacement applications and EV-related components, driving greater global attention to the PPS market.
Market Size Trends (2022–2025 Forecast)
- 2022: Approx. 142,000 tons (USD 1.9 billion)
- 2023: Approx. 156,000 tons (USD 2.1 billion)
- 2024 (estimated): Approx. 171,000 tons
- 2025 forecast: Approx. 188,000 tons (around USD 2.5 billion)
The CAGR (compound annual growth rate) for 2022–2025 is approximately 5.5%. Growth is driven mainly by automotive electrification, 5G-compatible electronic components, and increased use in chemically resistant industrial parts.
Price Trends (Asia Focus)
- 2023 average: Approx. 11,000 USD/ton (10,000–13,000 USD depending on grade)
- 2024 Q4: Approx. 10,600 USD/ton (slightly decreasing trend)
- 2025 outlook: 10,800–11,200 USD/ton
Price fluctuations are influenced by the costs of key raw materials such as dichlorobenzene and sodium sulfide, as well as demand variations related to EV applications.
Demand Trends by Application
- Automotive components: Expanding use in EV electrical components, gears, and bearings due to high heat resistance and insulation properties.
- Electrical & electronics: Growing adoption in 5G antenna parts, relays, sockets, and connectors.
- Industrial equipment: Strong demand in chemical plants and pump components requiring chemical resistance.
- Toray (Japan): Global market leader; highly regarded for its “Super Tough PPS” series.
- Ticona / Chinese manufacturers: Rapidly expanding market presence, particularly in automotive applications.
- Solvay (Belgium): Strong in global development and high-performance grades.
- SABIC (Saudi Arabia): Increasing adoption among selected OEMs.
Future Outlook and Challenges
With rising demand in EVs, 5G applications, and environmentally compliant materials, PPS resin is expected to maintain steady growth. At the same time, technological development is needed to address regulatory requirements such as recyclability and greener flame-retardant formulations. Price competition with Chinese manufacturers and the stability of raw material supply will remain medium- to long-term challenges.
This article is an estimated report compiled from industry statistics, market research publications, and publicly available information from major manufacturers.
