The North America Polyphenylene Sulfide Compounds Market size is expected to reach USD 355.02 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2021 to 2030. Polyphenylene sulfide (PPS) compounds are widely used in various applications across the automotive industry including thermal management, water pumps, sensors, power control units, batteries, electric motors, electric control units, and extrusion tubes.
The use of PPS compounds helps in reducing fuel
consumption and improving system integration. In addition, properties such as
exceptional dimensional stability and resistance to mechanical stress and
corrosive automotive fluids are augmenting the product demand in automotive
applications in the region. The automotive application segment is expected to
dominate the market throughout the forecast period owing to the favorable
properties of PPS compounds and governmental regulations for vehicle weight
reduction.
The polyphenylene sulfide compounds market in North
America is expected to grow owing to the growing scope in various application
sectors. In electrical and electronics applications, polyphenylene sulfide
compounds find application in bobbins and connectors, hard disk drives,
electronic housings, sockets, switches, lamp sockets, and microwave parts,
among others. Properties of polyphenylene sulfide such as exceptional
dimensional stability, heat and chemical resistance, impact resistance,
moldability, and rigidity over a wide range of temperatures are significantly
fueling the product demand in electrical and electronics applications.
The water supply/fluid management application segment
is expected to be the fastest-growing segment over the forecast years.
Polyphenylene sulfide compounds help to improve the performance of water
supply/fluid management. Fluids and chemicals such as insect control chemicals,
automotive fluids, mild acids, and several industrial materials flow through
the liquid chemical pump. Hence, achieving chemical and wear resistance is a
critical factor in improving the equipment life. This is likely to boost the
demand for polyphenylene sulfide compounds in water supply/fluid management,
which offers excellent chemical and wear resistance properties.
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North America Polyphenylene
Sulfide Compounds Market Report Highlights
- In terms of revenue, the automotive application segment accounted
for the largest share in 2020 and is expected to witness prominent growth
over the forecast period
- In 2020, the U.S. accounted for the largest revenue share of more
than 70.0% in the regional market. Increasing adoption of electric
vehicles owing to growing government support in the form of subsidies is
further expected to fuel the demand for polyphenylene sulfide compounds in
electric vehicles in the country
- Increasing regulatory intervention by the U.S. Environmental
Protection Agency (EPA) and the Department of Transportation’s National
Highway Traffic Safety Administration (NHTSA) regarding greenhouse gas
emissions and fuel economy standards for vehicles is expected to drive the
demand for polyphenylene sulfide in automotive application in the coming
years
- Various strategic initiatives were recorded over the past few
years, which fueled the growth of the market in North America. For
instance, in March 2019, DIC Corporation announced to build a new
production line of PPS compounds at its DIC Imaging Products USA, LLC
facility in Oak Creek, Wisconsin
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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