Polyphenylene Sulfide (PPS) Composites Market Size (2024 - 2029)

The polyphenylene sulfide composites market is projected to experience growth, driven primarily by increasing demand from the aerospace and oil and gas sectors. Despite challenges such as difficulties in fiber reinforcement and the lingering effects of COVID-19, the market is expected to expand, with the aerospace and defense segment leading the way. The Asia-Pacific region is anticipated to maintain its dominance in the market throughout the forecast period.

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Market Size of Polyphenylene Sulfide (PPS) Composites Industry

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Polyphenylene Sulfide Composites Market Growth
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market North America
Largest Market Asia Pacific
Market Concentration High

Major Players

Polyphenylene Sulfide Composites Market Key Players

*Disclaimer: Major Players sorted in no particular order

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Polyphenylene Sulfide Composites Market Analysis

The polyphenylene sulfide (PPS) composites market is expected to register a CAGR of around 5% during the forecast period. The primary factors driving the growth of the market studied are the rising demand from the aerospace sector and increasing demand from the oil and gas sector.

  • Challenges to form composites from fiber reinforcement and the Impact of COVID-19 are expected to hinder the market growth.
  • The aerospace and defense segment dominated the market, and is likely to witness significant growth during the forecast period.
  • The Asia-Pacific region dominated the PPS market over the forecast period.

Polyphenylene Sulfide Composites Industry Segmentation

The Polyphenylene Sulfide (PPS) Composites report includes:

Type
Carbon Fiber-reinforced Composites
Glass Fiber-reinforced Composites
Other Types
End-user Industry
Aerospace and Defense
Automotive
Industrial (Includes Oil and Gas)
Electrical and Electronics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Poland
Rest of Europe
Rest of the World
South America
Middle-East and Africa
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Polyphenylene Sulfide (PPS) Composites Market Size Summary

The polyphenylene sulfide (PPS) composites market is poised for steady growth, driven primarily by increasing demand from the aerospace and oil and gas sectors. The aerospace and defense industry stands as the largest consumer of PPS composites, benefiting from their low processing costs and superior properties compared to other materials like polyether ether ketone (PEEK) and polyimide (PI). PPS composites are valued for their high-performance characteristics, including flame and heat resistance, chemical and oxidation resistance, and excellent mechanical properties, making them ideal for various applications in aerospace and defense. Despite challenges such as fiber reinforcement in composite formation and the lingering impacts of COVID-19, the market is expected to expand, particularly in the Asia-Pacific region, which has shown dominance in the PPS market.

China's economic resilience and its significant role in the global defense industry are expected to contribute to the growth of the PPS composites market. The country's ability to recover from economic fluctuations and its strategic position in the defense sector are likely to bolster demand for PPS composites. The market is characterized by a consolidated structure, with major players like DIC Corporation, Toray Advanced Composites, Teijin Limited, Solvay, and Celanese Corporation holding substantial market shares. These companies are pivotal in driving innovation and meeting the diverse needs of the aerospace and defense industries, ensuring the continued relevance and expansion of PPS composites in the global market.

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Polyphenylene Sulfide (PPS) Composites Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand from Aerospace Sector

      2. 1.1.2 Increasing Demand from Oil and Gas Sector

    2. 1.2 Restraints

      1. 1.2.1 Challenges to Form Composites from Fiber Reinforcement

      2. 1.2.2 Impact of COVID-19 Pandemic on the Global Economy

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

    5. 1.5 Raw Material Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Carbon Fiber-reinforced Composites

      2. 2.1.2 Glass Fiber-reinforced Composites

      3. 2.1.3 Other Types

    2. 2.2 End-user Industry

      1. 2.2.1 Aerospace and Defense

      2. 2.2.2 Automotive

      3. 2.2.3 Industrial (Includes Oil and Gas)

      4. 2.2.4 Electrical and Electronics

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Poland

        6. 2.3.3.6 Rest of Europe

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 South America

        2. 2.3.4.2 Middle-East and Africa

Polyphenylene Sulfide (PPS) Composites Market Size FAQs

The Polyphenylene Sulfide (PPS) Composites Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)

DIC Corporation, Toray Advanced Composites, Teijin Limited, Solvay and Celanese Corporation are the major companies operating in the Polyphenylene Sulfide (PPS) Composites Market.

Polyphenylene Sulfide Market Report Snapshots

Polyphenylene Sulfide Composites Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)