Polyphenylene Sulfide (PPS) Resins Market: Present Scenario and the Growth Prospects with Forecast 2027

Polyphenylene Sulfide (PPS) Resins Market – Notable Highlights

• In September 2018, Toray Industries Inc. announced the investment of US$ 89.3 million over the next three years from to 2021 to increase polyphenylene sulfide (PPS) resin output capacity at its Gunsan Plant, South Korea.

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• In August 2018, Initz Co. Ltd., a subsidiary of SK Chemicals commercialized its ECOTRAN PPS compounds in collaboration with Hyundai Mobis. The PPS compound is the first material to resolve the problem of headlamp haze in the global auto industry by applying the ECOTRAN PPS automotive headlamp holders.
• In April 2018, Tosoh Corporation announced the development of new polyphenylene sulfide (PPS) compound with enhanced thermal shock resistance that delivers 80% improvement as compared to current industry-standard products.
• Solvay’s Ryton® polyphenylene sulfide (PPS) was selected for industrial grade sensors by Advanced Sensor Technologies Inc. in February 2018. On October 2018, Solvay launched its first batch of Ryton® polyphenylene sulfide (PPS) extrusion grades for demanding applications of automotive cooling line assembly.

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• In March 2018, Kureha Corporation announced expansion plans of its polyphenylene sulfide (PPS) facility at its Iwaki factory in Fukushima, Japan. With the investment of 10 billion yen, the expansion plan is projected to be completed by 2020 and an additional annual capacity increase of 5000 tonnes is projected.
• In September 2017, DIC Corporation announced the expansion of its polyphenylene sulfide (PPS) compounds facility in Komaki, Japan with the investment of US$ 7.2 million to achieve annual PPS production goal of 3,500 metric tonnes.

Solvay, Toray and DIC – Top 3 Players with Largest Production Capacities of Polyphenylene Sulfide (PPS)

Solvay SA, Toray Industries and DIC Corporation are the prominent players in the polyphenylene sulfide (PPS) resins market. Owing to their largest production capacities, these companies continue to hold a significant revenue share in the global marketplace. Major business strategies include regional expansion and investments in R&D activities.

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In August 2017, Toray, the leading Japanese PPS manufacturer announced the construction of the new polyphenylene sulfide (PPS) production facility in Hungary, Europe. In January 2018, DIC opened a Solid Compound Technical Center Asia Pacific in Malaysia to strengthen the business of polyphenylene sulfide (PPS) compounds in Southeast Asia and South Asia markets. Solvay expanded its specialty polymer offering of Ryton® PPS injection molding materials in 2018.

Electric and Hybrid Automobile Production – A Prime Demand Booster of Polyphenylene Sulfide (PPS) Resins

Commonly recognized as a super engineering plastic, polyphenylene sulfide (PPS) resins are known for their light-weight and heat resistance features. These features are being highly embraced by the automotive industry which is witnessing a rapid change in terms of ongoing vehicle electrification. In a bid to meet rising demand for light-weight and fuel-efficient automobiles, the number of electric components has increased dramatically.

The polyphenylene sulfide (PPS) resins are highly sought after in electric auto parts that require high-temperature stability such as motor coils, insulating films, wires and other electrical parts. As the polymer withstands up to 200oC of temperature, it is highly suitable for electric vehicle auto parts that run at high temperature including lithium-ion batteries.