PPS Business Opportunities (2017-2025)
“PPS made available commercially by Chevron Phillips in the early 70’s, is now an important category of engineering plastic. A characteristic polymer with exceptional chemical resistance and high-temperature stability can be used in a wide array of industrial applications. The current PPS market share remains dominated by automotive sector, but emerging end uses like aerospace & defense and filter media applications will continue to experience strong growth.
PPS demand has been severely affected since second half of 2008 due to the global economic recession and credit crisis. In 2009 -2010 most regions saw gains in the demand with the market showing a growth of around 7% at global level. The developing markets,such as Asia, have turned out to be much more resilient than North American or European markets.
In 2016, global consumption of PPS was over 80,000 tons and exceeded a value of $1 billion. World production capacity in 2016 was about 153 thousand tons per year and capacity utilization was around 70%. Global PPS demand is expected to grow between 2016 and 2025 with demand from China accounting for an increasing proportion. PPS like other engineering applications continues to out-strip global GDP growth rates, and this is largely due to emerging end-use applications such as aerospace &defense and filter media applications. Other end-use applications also showed growths above the global GDP.