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全球聚苯硫醚 (PPS) 市場 - 2023-2030

Global Polyphenylene Sulfide (PPS) Market - 2023-2030

出版日期: 2023年12月29日 | 出版商:

DataM Intelligence | 英文 207 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

全球聚苯硫醚（PPS）市場在2022年達到26億美元，預計到2030年將達到53億美元，2023-2030年預測期間CAGR為9.6%。

PPS 市場的擴張主要是由電氣和電子產業所推動的。由於其卓越的電氣絕緣品質，PPS 是該行業許多應用的建議選擇，例如絕緣材料、開關、插座和連接件。隨著創新和技術突破推動對高性能材料的需求，PPS 不斷在快速成長的電子產業中尋找新的用途。

PPS 在汽車行業中非常受歡迎，特別是在生產高性能、輕質產品（如包裝和汽車零件）方面。隨著汽車行業繼續優先考慮燃油效率、降低排放和引入電動車，PPS 因其輕質特性和適用於電動車零件而受到更大的需求。

亞太地區是全球聚苯硫醚（PPS）市場的成長地區之一，佔超過1/3的市場。聚苯硫醚是亞太地區需求旺盛的輕型車生產中不可或缺的一部分。隨著各種投資計劃的實施，並考慮到中國作為全球最大的電子電氣產品生產國的地位，PPS 在滿足這些快速成長的行業的需求方面發揮關鍵作用。

動力學

汽車生產中電動車的成長

聚苯硫醚 (PPS) 在汽車產業的使用量不斷增加，特別是在包裝和汽車零件領域。它的受歡迎程度源於其重量輕、成本效益高、易於製造並有助於降低電動車的燃油消耗。與其他材料相比，PPS 越來越受到青睞，這表明其汽車應用呈成長趨勢，並具有進一步擴展的潛力。

國際能源總署 (IEA) 報告稱，儘管發生了新冠疫情，2019 年電動車仍佔全球汽車銷量的 2.6%，約佔全球汽車保有量的 1%，同比成長 40%。展示了電動車和汽車產業從全球危機中反彈的能力，從而保持了聚苯硫醚市場的活躍。

電子電氣產業需求不斷成長

電氣和電子行業最近的需求增加。電氣和電子行業最近的需求增加。聚苯硫醚 (PPS) 在電器、小工具、電池、馬達和機動機械中的使用不斷增加，推動了聚苯硫醚 (PPS) 需求的不斷成長。

此外，對高效能、耐用馬達的需求也促使 PPS 在各種應用中日益突出。由於溫室氣體排放量較低，全球各國政府都鼓勵轉向使用電器，這與全球應對氣候變遷的優先事項一致。由於其成本效益和輕質特性，PPS 正在取代金屬、合金和熱塑性塑膠，成為電氣和電子領域的首選。

例如，2023年，索爾維擴大了德州聚苯硫醚（PPS）的生產，並在比利時為Ryton PPS ECHO複合材料獲得了ISCC PLUS認證。 Ryton PPS 化合物廣泛應用於汽車、航空航太和電子領域，滿足高熱學和機械標準。它們因替代金屬而聞名，可降低燃料消耗和成本，並展示了跨行業的有效性歷史。

來自替代化合物的競爭

聚醚醚酮 (PEEK) 和聚醚醯亞胺 (PEI) 等替代化合物的可用性是 PPS 產業的一個主要進一步障礙。儘管 PPS 具有強耐熱性和化學穩定性等特殊品質，但這些替代品也具有在某些情況下受到青睞的正面品質。

例如，由於其卓越的機械品質，PEEK 在高性能應用中經常用作 PPS 的替代品。隨著公司尋求最能滿足其獨特要求的材料，替代化合物的競爭力越來越強。此外，替代材料的可用性會影響購買決策，這為 PPS 的廣泛接受度和銷售成長帶來了問題。

價格波動和高生產成本

聚苯硫醚 (PPS) 具有獨特的特性和性能，使其有別於常用材料，使其能夠高效地用於各種應用。聚苯硫醚 (PPS) 的價格持續波動，波動範圍為每公斤 9 美元至 18 美元，這對製造商和消費者都構成了顯著的挑戰。

定價的不可預測性給製造商帶來了財務損失的風險，成為市場整體成長的重大障礙。此外，與 PPS 生產相關的高生產成本對市場擴張構成了重大威脅。 PEEK 和 PEI 等替代化合物的存在，加上原料成本的波動，進一步加劇了挑戰，成為聚苯硫醚市場成長的關鍵限制因素。

The expansion of the PPS market is mostly driven by the electrical and electronics sectors. PPS is a recommended option for many applications in this industry, such as insulating materials, switches, sockets and connections, due to its superior electrical insulation qualities. PPS continues to find new uses in the rapidly growing electronics sector as innovations and technical breakthroughs fuel the need for high-performance materials.

PPS has grown quite popular in the automotive sector, especially in producing high-performance, lightweight products like packaging and vehicle parts. PPS is in greater demand because of its lightweight characteristics and appropriateness for electric car components as the automotive industry continues prioritizing fuel efficiency, lower emissions and introducing electric vehicles.

Asia-Pacific is among the growing regions in the global polyphenylene sulfide (PPS) market covering more than 1/3rd of the market. Polyphenylene sulfide is integral to the production of lightweight automobiles in high demand in the Asia-Pacific. With various investment programs underway and considering China's status as the top global producer of electronic and electrical products, PPS maintains a pivotal role in meeting the demands of these rapidly growing industries.

Dynamics

Growing Electric Vehicles in Automotive Production

Polyphenylene sulfide (PPS) is experiencing heightened usage in the automotive industry, particularly in packaging and auto parts. Its popularity stems from being lightweight, cost-effective, easily manufacturable and contributing to reduced fuel consumption in electric vehicles. PPS is increasingly preferred over other materials, indicating a growing trend in its automotive applications with the potential for further expansion.

The International Energy Agency (IEA) reports that, despite a pandemic, electric cars accounted for 2.6% of globally auto sales and around 1% of global car stock in 2019, representing a 40% year-over-year gain. demonstrating the ability of electric vehicles and the automotive sector to bounce back from a globally crisis and as a result, keeping the market for polyphenylene sulfide active.

Growing Demand in the Electronics and Electrical Industry

The electrical and electronics industries have seen a rise in demand lately. The electrical and electronics industries have seen a rise in demand lately. The increasing demand for polyphenylene sulfide (PPS) is driven by its growing usage in electric appliances, gadgets, batteries, motors and motorized machinery.

Additionally, the need for efficient and durable electric machines contributes to the rising prominence of PPS in various applications. Governments globally are encouraging a shift to electric appliances due to their lower greenhouse emissions, aligning with global priorities to combat climate change. PPS is emerging as a preferred choice in the electrical and electronic sector, replacing metals, alloys and thermoplastics due to its cost-effectiveness and lightweight characteristics.

For Instance, in 2023, Solvay expanded polyphenylene sulfide (PPS) production in Texas and received ISCC PLUS certification for Ryton PPS ECHO compounding in Belgium. Ryton PPS compounds, widely used in automotive, aerospace and electronics, meet high thermal and mechanical standards. Recognized for replacing metals, they reduce fuel consumption and costs, showcasing a history of effectiveness across industries.

Competition from Alternative Compounds

The availability of replacement compounds such as Polyether Ether Ketone (PEEK) and Polyetherimide (PEI) is a major further barrier to the PPS industry. Although PPS has special qualities such as strong heat resistance and chemical stability, these alternatives also have positive qualities that can be favored in some situations.

For instance, due to its exceptional mechanical qualities, PEEK is frequently used as a substitute for PPS in high-performance applications. The alternative compounds are becoming increasingly competitive as companies seek materials that best meet their unique requirements. Furthermore, the availability of substitute materials affects purchasing decisions, which presents a problem for PPS's widespread acceptance and growth in sales.

Price Volatility and High Production Costs

Polyphenylene sulfide (PPS) boasts distinctive features and properties that set it apart from commonly used materials, rendering it highly efficient for diverse applications. The persistent price volatility of Polyphenylene Sulfide (PPS), with fluctuations spanning from US$ 9 to US$ 18 per kg, presents a notable challenge for manufacturers and consumers alike.

The unpredictability in pricing poses a risk of financial losses for manufacturers, serving as a substantial barrier to the overall growth of the market. Additionally, the high production costs associated with PPS production represent a substantial threat to market expansion. The presence of alternative compounds like PEEK and PEI, coupled with fluctuating raw material costs, further compounds the challenges, serving as a key restraint for the growth of the polyphenylene sulfide market.

Segment Analysis

The global polyphenylene sulfide (PPS) market is segmented based on type, form, grade, application, end-user and region.

Increasing Polyphenylene Sulfide (PPS) Resins in Automotive Industry

The Automotive segment is among the growing regions in the global polyphenylene sulfide (PPS) market covering more than 1/3rd of the market. Polyphenylene sulfide (PPS) resins are widely used in fuel injection systems, coolant systems and vehicle water pump impellers, making the automobile industry the dominant segment.

According to the OICA reports globally, 80.1 million vehicles were produced in 2021 a 4% increase over 77.6 million units produced the year before. The primary driver behind the market's expansion is the increased manufacturing of automobiles due to customers' increasing demands. A high-performance thermoplastic with a maximum crystallinity of 65% is polyphenylene sulfide. The International Energy Agency projects that by 2025, 445.25 million metric tons of thermoplastics will have been produced globally.

Geographical Penetration

Growing Automotive Production and Technologies in Asia-Pacific

Asia-Pacific has been a dominant force in the global polyphenylene sulfide (PPS) market. The world's biggest center for automobile production is located in Asia. Future developments in electric car technology will probably pick up steam, particularly in China, where some government initiatives are encouraging the transition away from fossil fuels in response to a range of sustainability concerns.

China has the largest automotive production sector in the world and is the base of the vehicle industry. But lately, the industry's manufacturing and sales have gone down. In December 2022, automotive sales fell 8.4% year over year to 2.56 million units, as reported by the China Association of Automotive Manufacturers. The total number of units sold in 2022 was an astounding 26.86 million, even with this month-to-month decline.

The Indian automobile market is predicted by the India Brand Equity Foundation to grow at a compound annual growth rate (CAGR) of more than 9% and reach US$ 54.84 billion by 2027. By 2026, the Indian automobile sector hopes to have increased car exports five times. 5,617,246 automobiles were exported from India overall in 2022.

Moreover, China is the global center of electronic manufacturing. The electronics category is seeing the fastest rise in items including smartphones, tablets, OLED TVs, wires, cables and earbuds. The electronics sector produced US$ 7,098.34 million in total in November 2022, according to JEITA (Japan Electronics and Information Technology Industries Association). Japan exported electronics worth US$ 8,395.45 million in December 2022.

COVID-19 Impact Analysis

The COVID-19 pandemic affected numerous businesses, including the globally polyphenylene sulfide (PPS) industry. The demand for and production of PPS were greatly impacted in the early phases of the pandemic by widespread lockdowns, interruptions in global supply lines and decreased industrial activity. Production and delivery were delayed as a result of the temporary closures or operating limitations that many manufacturing facilities encountered.

PPS users, the aerospace and automobile industries, were especially hard hit as a result of production reductions made in the face of uncertain economic times and declining customer demand. The resurgence of industrial activity and the implementation of safety measures in production facilities drove the PPS market's recovery as the pandemic spread.

The slow recovery of the PPS market was facilitated by the rising demand for electronic components and the revival of the automobile industry. Companies reevaluated their supply chain strategy in response to the epidemic, emphasizing the need to increase flexibility and resilience to lessen future disruptions.

The development of the PPS market in the future will be determined by variables including the strength of end-user sectors, continuous supply chain modifications and the state of the global economy. The industry's strategy for risk management and supply chain optimization is probably going to be influenced by the lessons learned from the pandemic, which might have an impact on how the Polyphenylene Sulfide market develops in the future.

Russia-Ukraine War Impact Analysis

The PPS market may be affected by the crisis between Russia and Ukraine as a result of supply chain interruptions and modifications to market structures. Every disruption in the manufacturing, shipping or sale of chemical goods, including PPS, has the potential to affect pricing and availability since both Russia and Ukraine are major players in the global chemical sector.

Furthermore, the geopolitical tension could be a factor in wider economic worries that affect international commerce, exchange rates and investor mood in general. The may have an impact on the choice of investments, the market for industrial materials such as PPS and the long-term strategy of chemical businesses. To manage the shifting geopolitical landscape, businesses may need to regularly monitor the situation, evaluate risks and adjust their plans.

The might have an impact on the globally PPS market. It is advised to review recent industry studies and news sources that offer insights into the effects of geopolitical events on the chemical and polymer markets to obtain the most up-to-date and accurate information. Additionally, trade restrictions, geopolitical unpredictability and sanctions are a few examples of factors that might provide problems for companies doing business in the area and for those whose goods or raw materials come from the concerned regions.

By Type

Linear Polyphenylene Sulfide
Curved Polyphenylene Sulfide
Branched Polyphenylene Sulfide

By Form

Compounds
Fibers
Filaments
Films
Coatings
Others

By Grade

Glass-Reinforced Grades
Glass-Fiber/Particulate-Mineral-Filled Grades
Carbon-Fiber-Reinforced Grades
Lubricated Fiber-Filled Grades

By Application

Insulation
Packaging
Plugs and Switches
Relays
Medical Devices
Filter Bags
Others

By End-User

Automotive
Electrical and Electronics
Industrial
Aerospace
Healthcare
Coatings
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

On October 04, 2023, Solvay, a leading global supplier of specialty materials, launched two new Ryton polyphenylene sulfide (PPS) grades Ryton Supreme HV and HF. The additions to the Supreme polymer range are tailored to significantly enhance performance in electrification. Specifically designed for the automotive industry, the PPS grades aim to simplify drivers' experiences by reducing charging times and extending driving ranges, aligning with the industry's shift towards electrified vehicles.
On January 23, 2021, Kureha Corporation expanded its Iwaki Factory in Iwaki, Japan and built a new facility to make Polyphenylene Sulfide (PPS). The Iwaki PPS plant in Kureha used to produce 10,700 tons annually and ran at full capacity in previous years. It now meets growing customer demand by producing an extra 5,000 tons, bringing its annual capacity to 15,700 tons.

Competitive Landscape

The major global players in the market include DIC Corporation, Toray Industries, Inc., Celanese Corporation, Solvay SA, Kureha Corporation, Lotte Chemical Corporation, Mitsubishi, Chemical Group, Tosoh Corporation, Zhejiang NHU Special Materials Co., Ltd. and Polyplastics Co., Ltd.

Why Purchase the Report?

to visualize the global polyphenylene sulfide (PPS) market segmentation based on type, form, grade, application, end-user and region and understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of polyphenylene sulfide (PPS) market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global polyphenylene sulfide (PPS) market report would provide approximately 77 tables, 89 figures and 207 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by Form
3.3. Snippet by Grade
3.4. Snippet by Application
3.5. Snippet by End-User
3.6. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Growing Electric Vehicles in Automotive Production
  - 4.1.1.2. Growing Demand in the Electronics and Electrical Industry
- 4.1.2. Restraints
  - 4.1.2.1. Competition from Alternative Compounds
  - 4.1.2.2. Price Volatility and High Production Costs
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Type

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
7.2. Linear Polyphenylene Sulfide*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Curved Polyphenylene Sulfide
7.4. Branched Polyphenylene Sulfide

8. By Form

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 8.1.2. Market Attractiveness Index, By Form
8.2. Compounds*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Fibers
8.4. Filaments
8.5. Coatings
8.6. Others

9. By Grade

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
- 9.1.2. Market Attractiveness Index, By Grade
9.2. Glass-Reinforced Grades*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Glass-Fiber/Particulate-Mineral-Filled Grades
9.4. Carbon-Fiber-Reinforced Grades
9.5. Lubricated Fiber-Filled Grades

10. By Application

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.1.2. Market Attractiveness Index, By Application
10.2. Insulation*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Packaging
10.4. Plugs and Switches
10.5. Relays
10.6. Medical Devices
10.7. Filter Bags
10.8. Others

11. By End-User

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.1.2. Market Attractiveness Index, By End-user
11.2. Automotive*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
11.3. Electrical and Electronics
11.4. Industrial
11.5. Aerospace
11.6. Healthcare
11.7. Coatings
11.8. Others

12. By Region

12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 12.1.2. Market Attractiveness Index, By Region
12.2. North America
- 12.2.1. Introduction
- 12.2.2. Key Region-Specific Dynamics
- 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
- 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 12.2.8.1. U.S.
  - 12.2.8.2. Canada
  - 12.2.8.3. Mexico
12.3. Europe
- 12.3.1. Introduction
- 12.3.2. Key Region-Specific Dynamics
- 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
- 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 12.3.8.1. Germany
  - 12.3.8.2. UK
  - 12.3.8.3. France
  - 12.3.8.4. Russia
  - 12.3.8.5. Spain
  - 12.3.8.6. Rest of Europe
12.4. South America
- 12.4.1. Introduction
- 12.4.2. Key Region-Specific Dynamics
- 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
- 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 12.4.8.1. Brazil
  - 12.4.8.2. Argentina
  - 12.4.8.3. Rest of South America
12.5. Asia-Pacific
- 12.5.1. Introduction
- 12.5.2. Key Region-Specific Dynamics
- 12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
- 12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 12.5.8.1. China
  - 12.5.8.2. India
  - 12.5.8.3. Japan
  - 12.5.8.4. Australia
  - 12.5.8.5. Rest of Asia-Pacific
12.6. Middle East and Africa
- 12.6.1. Introduction
- 12.6.2. Key Region-Specific Dynamics
- 12.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 12.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
- 12.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
- 12.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

13. Competitive Landscape

13.1. Competitive Scenario
13.2. Market Positioning/Share Analysis
13.3. Mergers and Acquisitions Analysis

14. Company Profiles

14.1. DIC Corporation*
- 14.1.1. Company Overview
- 14.1.2. Product Portfolio and Description
- 14.1.3. Financial Overview
- 14.1.4. Key Developments
14.2. Toray Industries, Inc.
14.3. Celanese Corporation
14.4. Solvay SA
14.5. Kureha Corporation
14.6. Lotte Chemical Corporation
14.7. Mitsubishi Chemical Group
14.8. Tosoh Corporation
14.9. Zhejiang NHU Special Materials Co., Ltd.
14.10. Polyplastics Co., Ltd.

LIST NOT EXHAUSTIVE