The
worldwide polyphenylene sulfide (PPS) market is estimated to value USD 2.14
billion by 2025, according to the findings of a research report by Grand View
Research, Inc. Growing necessity for environment-friendly products offering
less carbon emission can foster the demand for polyphenylene sulfide. The
product offers some effective properties such as stiffness, strength, and high
chemical resistance and creep resistance. Low carbon emissions and 100 %
recyclability properties of PPS are also anticipated to propel its demand over the
coming years. To cater to rising demand, most companies are focusing on R&D
investments to increase the number of applications for PPS.
For
instance, Teijin Ltd. recently launched Solfiga, a new brand of high-performance
specialized PPS compounds. These compounds are made using the proprietary PPS
resin techniques of Initz, which is a joint venture of SK Chemicals and Teijin
Ltd. Through Solfiga, the company is expecting to support automotive and
electronics manufacturers in achieving products with high-end designs and reduced
weight.
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The
large-scale production of the new PPS components will be done at the company’s plant
called Mihara in Hiroshima. The company is working on small samples of several
customized products. In addition, the company also plans to manufacture the new
products at its Teijin Corporation in Thailand and Teijin Chemicals Plastic Compounds
in Shanghai, China.
The
global polyphenylene sulfide market is estimated to expand at a decent growth
rate of 8.8 % during the forecate years (from 2018 to 2025). Stringent
government regulations regarding reducing harmful carbon emissions is expected
to be the key factor behind the growth of this market. Moreover, growing demand
for eco-friendly and lightweight products in different industry verticals is also
presumed to positively influence the market demand in the next few years.
Increasing use of PPS in automobiles to enhance their efficiency
is likely to impel the market expansion. In addition, increasing adoption of
filter bags in power plants is also expected to drive the demand for the PPS market
in the coming years. Some of the leading companies offering advanced polyphenylene
sulfide are Celanese Corp.; Tosoh Corp.; SK Chemicals; Toray Industries; and
Lumeha.
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