Top 50 Companies in Polyphenylene Sulfide (PPS) Market: Expert View By Spherical Insights
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Polyphenylene Sulfide (PPS) Market Size is projected to Grow from USD 1.77 Billion in 2024 to USD 4.34 Billion by 2035, at a CAGR of 8.5% during the forecast period 2025–2035. The market is expected to grow over the forecast period due to the rise in product utilization in coatings applications caused by PPS's superior electrical and chemical resistance.
Introduction
High-temperature air filters, coil formers, bobbins, relay parts, slurry coatings, specialty membranes, terminal blocks, and packaging are just a few of the many applications for polyphenylene sulfide (PPS). Among the properties that PPS has are high mechanical strength, dimensional stability, and resistance to chemicals and abrasion. Its lightweight composition, low viscosity index, and high melting point facilitate casting into the appropriate shapes. Numerous industries, including automotive, electrical and electronics, coatings, and industrial, heavily rely on PPS. Throughout the foreseeable period, the aforementioned reasons are probably going to generate demand for PPS.
Navigate Future Markets with Confidence: Insights from Spherical Insights LLP
The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.
Unlock exclusive market insights-Download the Brochure now and dive deeper into the future of the Polyphenylene Sulfide (PPS) Market.
Polyphenylene Sulfide (PPS) Market Size & Statistics
- The Market Size for Polyphenylene Sulfide (PPS) Was Estimated to be worth USD 1.77 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 8.5% between 2025 and 2035.
- The Global Polyphenylene Sulfide (PPS) Market Size is anticipated to reach USD 4.34 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Polyphenylene Sulfide (PPS) Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Polyphenylene Sulfide (PPS) Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the polyphenylene sulfide (PPS) market. Urbanization along with the strong demand for sedans and UVs is the primary driver of China's automobile industry's market expansion. The region's polyphenylene sulfide market is expanding due to the existence of manufacturing facilities equipped with the newest technological developments. The region's high production rate is contributing to a favorable situation for the PPS market as a whole. Depending on the rising demand, the participants in the polyphenylene sulfide (PPS) market are anticipated to maintain high operating margins in order to generate future expansions.
North America is expected to generate the highest demand during the forecast period in the polyphenylene sulfide (PPS) market. The increase in automobile production is expected to drive significant growth in the U.S. polyphenylene sulfide (PPS) industry during the next several years. The growing demand for automobiles and the supply of qualified workers, including machinists and engineers, are boosting investment in the U.S. automotive sector. In terms of export sales, the automobile sector boosted the U.S. economy by USD 13.33 billion in September 2022, according to the U.S. Bureau of Economic Analysis. Furthermore, the existence of well-known automakers like Ford Motor Company, General Motors, Chrysler LLC, and Stellantis N.V. is expected to fuel the expansion of the nation's automotive sector and increase demand for polyphenylene sulfide goods.
Top 5 trends in the Polyphenylene Sulfide (PPS) Market
- Increasing demand in automotive lightweighting
- Growing usage in electrical and electronic applications
- Expansion in industrial filtration and membrane technologies
- Development of flame-retardant and high-performance PPS grades
- Rising emphasis on sustainability and recyclability
1. Increasing demand in automotive lightweighting
PPS is widely adopted in automotive for replacing metal parts, contributing to weight reduction, fuel efficiency, and lower emissions. Its heat resistance and durability under engine conditions make it ideal for components such as fuel systems and cooling parts.
2. Growing usage in electrical and electronic applications
PPS’s electrical insulation, flame retardancy, and thermal stability make it popular for connectors, switches, and microelectronic components, especially with miniaturization trends reinforcing the need for robust materials.
3. Expansion in industrial filtration and membrane technologies
Innovations in PPS membranes are enabling applications in harsh environments like oil-water separation, seawater desalination, and catalytic filtration, extending PPS usage beyond traditional sectors.
4. Development of flame-retardant and high-performance PPS grades
New formulations enhance PPS’s flame resistance and mechanical properties, expanding application opportunities in demanding industrial and consumer product settings.
5. Rising emphasis on sustainability and recyclability
The market is increasingly driven by eco-friendly manufacturing and the recyclability of PPS materials, supporting circular economy initiatives and regulatory compliance.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the polyphenylene sulfide (PPS) market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Polyphenylene Sulfide (PPS) Market
- DIC Corporation
- Solvay S.A.
- Celanese Corporation
- NHU Materials Co., Ltd.
- Toray Industries, Inc.
- SABIC
- BASF SE
- Huntsman Corporation
- SK Chemicals
- INEOS Group
- DuPont de Nemours, Inc.
- Mitsubishi Chemical Corporation
- LG Chem Ltd.
- China BlueChemical Ltd.
- Wanhua Chemical Group
- Hanwha Solutions Corporation
- Evonik Industries AG
- Mitsui Chemicals, Inc.
- Sabic Innovative Plastics
- LyondellBasell Industries
- Chevron Phillips Chemical
- Arkema S.A.
- Sumitomo Chemical Co., Ltd.
- PolyOne Corporation
- Covestro AG
1. DIC Corporation (Headquarters: Tokyo, Japan)
DIC Corporation is a leading global manufacturer of polyphenylene sulfide (PPS) resins and compounds. The company produces high-performance PPS materials used in automotive, electrical, and industrial applications due to their thermal stability and chemical resistance. DIC emphasizes capacity expansions and sustainable manufacturing processes to meet growing global demand. Its polyphenylene sulfide products are tailored for lightweight automotive components and high-reliability electronics, reflecting its commitment to innovation and quality.
2. Solvay S.A. (Headquarters: Brussels, Belgium)
Solvay S.A. is a major supplier of advanced polyphenylene sulfide compounds utilized in automotive, aerospace, and electronics industries. Known for producing flame-retardant and durable PPS materials, Solvay supports lightweight vehicle designs and high-performance electronic devices. The company invests significantly in research and development to improve PPS formulations for enhanced mechanical and thermal properties. Solvay also focuses on environmentally responsible production aligned with market and regulatory demands.
3. Celanese Corporation (Headquarters: Dallas, USA)
Celanese Corporation manufactures high-grade polyphenylene sulfide resins used in the automotive and electrical sectors. Its PPS products offer superior chemical resistance, dimensional stability, and high-temperature endurance. Celanese drives growth through innovation, advancing PPS compounds that serve electric vehicle components and industrial applications. Sustainability and operational efficiency are central to its strategy as it expands capacity to fulfill global market needs.
4. NHU Materials Co., Ltd. (Headquarters: Zhejiang, China)
NHU Materials is a prominent Chinese producer of polyphenylene sulfide resins, catering primarily to automotive, electronics, and industrial markets. The company’s PPS products are valued for their heat resistance, chemical stability, and flame retardancy. NHU invests in expanding production capacity and upgrading technology to compete internationally. Its focus on quality and customization helps address specific application requirements in fast-growing Asian markets.
5. Toray Industries, Inc. (Headquarters: Tokyo, Japan)
Toray Industries is a leading Japanese manufacturer of polyphenylene sulfide resins and composites with broad applications in automotive, electronics, and industrial machinery. The company is known for advanced PPS materials combining high strength, thermal resistance, and flame retardancy. Toray invests in capacity expansion and innovation to meet rising global demand, particularly in electric vehicles and high-performance electronics. Emphasis on sustainability and product lifecycle management strengthens its market position.
Are you ready to discover more about the polyphenylene sulfide (PPS) market?
The report provides an in-depth analysis of the leading companies operating in the global polyphenylene sulfide (PPS) market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- DIC Corporation
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Solvay S.A.
- Celanese Corporation
- NHU Materials Co., Ltd.
- Toray Industries, Inc.
- SABIC
- BASF SE
- Huntsman Corporation
- SK Chemicals
- Others.
Conclusion
The Global Polyphenylene Sulfide (PPS) Market Size is growing steadily, driven by increasing demand across automotive, aerospace, electrical, and industrial sectors. PPS's exceptional thermal stability, chemical resistance, mechanical strength, and dimensional accuracy make it ideal for high-performance applications such as lightweight automotive components, electrical connectors, and industrial filtration membranes. Growth in electric vehicle production and renewable energy adoption further propels PPS demand.
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?