Polyphenylene Sulfide Market Size, Share & Trends Report

Polyphenylene Sulfide Market Size, Share & Trends Analysis Report By Type (Linear PPS, Cured PPS, Branched PPS), By Application (Automotive, Electrical & Electronics, Industrial, Coatings, Others), By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: 978-1-68038-044-6
  • Number of Pages: 120
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the polyphenylene sulfide market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for polyphenylene sulfide market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of polyphenylene sulfide market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Polyphenylene Sulfide Market Categorization:

The polyphenylene sulfide market was categorized into three segments, namely type (Linear PPS, Cured PPS, Branched PPS), application (Automotive, Electrical & Electronics, Industrial, Coatings), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The polyphenylene sulfide market was segmented into type, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The polyphenylene sulfide market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fourteen countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Italy; China; Japan; India; Brazil; Argentina; GCC Countries; and South Africa

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Polyphenylene sulfide market companies & financials:

The polyphenylene sulfide market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • DIC Incorporated, known as Dainippon Ink and Chemicals earlier, is a Japan-based conglomerate that is headquartered in Tokyo. The company is involved in the business of manufacturing and marketing of performance-based materials and chemicals as its primary products. It started business in 1908 as a manufacturer of printing inks. DIC’s product portfolio includes color-related products (printing inks and organic pigments); synthetic resin (acrylic resin, Phenolic resin, and PPS resin); chemicals & materials (additives, firefighting foams, and UV curable resin for optical discs); and molded products/others (such as adhesive tapes, membrane products, building materials, and food additives). The company’s EP division is in control of the manufacturing and marketing of PPS-based products. With compounding units located at Penang, Thailand, and Komaki; Japan, the company’s polymerization units are situated at Sodegaura and Kashima in Japan. The company’s polymer production facilities are located in Japan and Malaysia, respectively. As of December 2016, DIC has a presence with 174 subsidiaries and affiliates in 60 countries and 20,481 employees working worldwide. 

  • Solvay S.A., founded in 1863, is a chemical company headquartered in Brussels, Belgium. The company functions through five business segments that are advanced formulation, advanced materials, performance chemicals, functional polymers, and corporate and business services. A wide range of specialty surfactants, technology solutions in specialty mining reagents, and vanillin for the food industry are offered by the advanced formulation segment. The company also provides products such as specialty polymers, composite materials, silica, soda ash & derivatives, peroxides, polyamides, and chlorovinyl. Various products offered by the company include amines, wood derivatives, antioxidants and stabilizers, surfactants, barium and strontium derivatives, chlorine and derivatives, flavors and fragrances, calcium and magnesium derivatives, and rare earth and metal compounds. Solvay caters to the demand for these products in various markets including agro, feed & food, automotive and aerospace, industrial applications, resource & environment, building & construction, and electrical & electronics. The company manufactures polyphenylene sulfide (PPS) under the brand name, Ryton PPS compounds, which offer excellent corrosion resistance at elevated temperatures. The product is used in various applications including automotive, electrical & electronics, industrial, and appliances. Solvay S.A. had an employee strength of nearly 27,030 employees as of 2016. The company owns 139 sites in 58 countries as well as 21 major research and innovation centers across the globe. It has a global presence in various countries including the U.S., Mexico, Brazil, Argentina, Venezuela, South Africa, Egypt, Spain, Portugal, Greece, Belarus, Ukraine, Finland, the UK, the Netherlands, France, Austria, India, UAE, China, Thailand, Malaysia, Indonesia, South Korea, Japan, and Australia. 

  • Established in 1979 as a joint venture between Idemitsu Kosan and Lion Corporation, the company Lion Idemitsu Composites Co., Ltd. is now headquartered in Akihabara, Tokyo, with an R&D facility located in China, Japan, and sales offices in Hong Kong, Thailand, and India. The company’s products are ISO 14001 and ISO 9001 certificated. Previously named as Calp Corporation, the company is involved in the manufacturing of composites derived from PE, PP, and PPS. In September 2013, Idemitsu Kosan sold its PPS resin business to Lion Idemitsu in an attempt to boost the latter’s product portfolio. Lion Idemitsu’s PPS resin is used in electrical appliances, automobiles, daily necessities, office automation, and industrial materials. 

  • Kureha Corporation is a Japan-based company engaged in the manufacturing and marketing of functional materials, specialty chemicals, and plastics. The company’s subsidiary, Kureha America, Inc., is situated in the United States. Established in 1944, the company’s product portfolio consists of advanced plastics (PPS resin, PVDF, PGA); specialty chemicals (pharmaceuticals, agricultural, industrial chemicals); specialty plastics (household products, food packaging products, fishing lines); and construction services. with an annual production capacity of 10,000 tons, Kureha manufactures PPS resin at its manufacturing facilities situated in Iwaki, Japan. In addition, the company owns the PPS manufacturing plant of Fortron Industries LLC in North Carolina, U.S., with an annual production capacity of 15,000 tons. As of March 2016, the company had over 4,426 consolidated as well as 1,877 nonconsolidated employees at its production and research and development centers. 

  • Toray Industries, Inc. is a Japan-based multinational conglomerate that was established in 1926 with its headquarters in Tokyo. The company works through its affiliates and subsidiaries located in locations such as China, South Korea, Germany, the U.S., India, and Brazil with manufacturing facilities located in various parts of Japan such as Shiga, Seta, Echme, Tokai, and Nagoya. The company’s product portfolio has been branched into fibers & textiles (nylon, polyester, acrylic fibers, PPS fibers, and yarns); plastics & chemicals (plastics, chemicals, PLA resin, PPS resin, and films, PBT resin); IT-related products; carbon fiber composite products; environment & engineering; and life science & other services. The PPS resin and compounds are manufactured from the company’s facilities located in Tokai, Nagoya, Shenzhen (China), Suzhou (China), and South Korea. The total annual production capacity of the company to manufacture PPS resin is 27,600 tons. As of March 2017, the company employed over 46,248 employees in its different functional departments across all the facilities. 

  • Tosoh Corporation is a Japan-based company, which was established in 1935. The company is involved in the business of specialty chemicals and performance-based materials. It caters to various businesses across numerous sectors including transportation, agriculture, textiles & clothing, automotive, semiconductor, building and construction, photovoltaics, bulk commodities, pharmaceuticals, communications, consumer goods, diagnostics, food, medical, packaging, personal care, and electric & electronics. Tosoh Corporation’s product portfolio includes advanced materials, bioscience products, cement, chlor-alkali, olefins, organic chemicals, and polymers (PPS resin, LDPE, HDPE, and synthetic rubber). The company manufactures PPS resin at its manufacturing facility situated in Yokkaichi, Japan, with an annual production capacity of 4,000 tons. Through its subsidiaries in different locations across Europe, Japan, and China, PPS resin is marketed Tosoh Corporation has operations in several countries such as the Philippines, Indonesia, Malaysia, Singapore, India, Taiwan, Korea, the Netherlands, Germany, Switzerland, the UK, Italy, Belgium, Greece, Japan, and the U.S. The public company is listed on the Tokyo Stock Exchange. As of March 2017, Tosoh has a worldwide presence through its 132 subsidiaries and affiliates with a workforce of 12, 292 individuals. 

  • SK Chemicals is a South Korean conglomerate that is primarily involved in the business of green chemicals and life-science products. Established in 1969, the company transformed its business from being a chemical manufacturer to becoming a global supplier of bio-based and innovative chemical products catering to the healthcare, automotive, industrial, and consumer segments. The company’s product portfolio offerings include high-performance PETG, polyester binders, PET resins, carbon fiber composites, bio-based products, anticancer agents, and natural herb products. In 2013, SK Chemicals in collaboration with Japan-based Teijin Chemicals formed a joint venture, INITZ Co. Ltd. The company marked its entry into the PPS market with this JV and now owns 66% share in that line of business. INITZ Co. Ltd. offers PPS, which is produced by a patented technology developed by SK Chemicals called solvent-free production process. The product finds high demand in several industries such as automotive and electronics. 

  • Gaopeng Chengdu Road which manufactures PPS resin and its derived products at a production unit located in Gaopeng Chengdu Road with an annual production capacity of 1,000 tons is considered to be one of the key players in the Polyphenylene Sulfide (PPS) Market. The product portfolio of Chengdu Letian entails PPS pure resin, PPS structural material, PPS coating material, thermal conduction material, wear-resistant material, PPS coating material, blending alloy material, PPS coating material, and special material for automotive. Chengdu Letian’s products are developed for use in application areas such as aerospace, industrial, automotive, defense, and electronics. Furthermore, the company’s glass fiber reinforced material, special coating, carbon fiber reinforced material, film-drawing material, and fiber-spinning material based on PPS resins have been extensively used in several areas including the machine industry, aerospace, light industry, military industry, chemical industry, weapon, household applications, electrical equipment, motorcycle, electric power, and automobile industry. The company emphasizes that its products are ISO14001, ISO9001:2000, and ROHS certified. 

  • Celanese Corporation, established back in 1918 and now headquartered in Texas, U.S., is a global technology and specialty materials company, that specializes in the manufacturing of acetyl products and high-performance engineered polymers. The company has six key business units in terms of its operations, which include intermediate chemistry, cellulose derivatives, emulsion polymers, EVA polymers, food ingredients, and engineered materials. The company offers a broad product portfolio catering to various end-use applications including performance industrial, paints & coatings, automotive, textiles, consumer & medical, filtration, chemical additives, paper & packaging, construction, food & beverage, and consumer & industrial adhesives. As of 2016, Celanese Corporation had 30 production facilities & 8 strategic affiliate production facilities across various regions including North America, Europe, and Asia, It has an employee strength of over 7,293 people worldwide. 

  • Daicel Corporation, established in 1919, is a chemical manufacturer based in Tokyo, Japan. The company was formerly known as Dainippon Celluloid Company Limited and was renamed as Daicel Corporation in 1979. The company now operates through five business segments which include cellulosic derivatives, organic chemicals, plastics, pyrotechnic devices, and membranes. The plastic division of the company offers a range of products including high-performance polymers, plastic compounds, coating films, formed trays vacuum and pressure-formed products, and low-density foam products. Various pyrotechnic devices such as automobile airbag inflators, gunpowder, composite propellants, pyrotechnic products, and rocket motors for missiles are also developed by the company. In addition, it offers air diffusers and separation membranes for water treatment. The plastics and films division of the company is responsible for the manufacturing of polyphenylene sulfide (PPS). Daicel Corporation has marked its presence across 14 countries.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Polyphenylene Sulfide Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2021, historic information from 2018 to 2020, and forecast from 2022 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Polyphenylene Sulfide Market Report Assumptions:

  • The report provides market value for the base year 2021 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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