The Europe Polyphenylene Sulfide (PPS) Market would witness market growth of 8.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 449.89 Hundred Tonnes, showcasing a growth of 6.4% (2019-2022).
In innovations, reinforced PPS compounds stand out as pioneers in redefining boundaries. These compounds incorporate reinforcements such as glass fibers or minerals, enhancing the mechanical properties of PPS. The result is a material that retains the inherent strengths of PPS and exhibits improved stiffness, impact resistance, and dimensional stability. Reinforced PPS compounds find applications in automotive and industrial components, elevating the performance of end products.
Additionally, the introduction of reinforcements enhances the impact resistance of PPS compounds. This is vital in applications where the material is subjected to varying levels of mechanical stress, ensuring durability and reliability in scenarios where impact resistance is a critical factor. Reinforced PPS compounds exhibit superior dimensional stability, making them well-suited for applications requiring precise tolerances.
As per the International Trade Administration, for 2021, the French civil aerospace industry recorded a modest gain in revenue, reaching €35.66 billion out of a total of €55.2 billion in non-consolidated aerospace and defense revenues. This represents an improvement over the previous year, 2020. Moreover, as per the data from the International Trade Administration, the automotive sector is one of Italy’s main industries, and in 2022, the automotive sector’s turnover was €92.7 billion, which was 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. In 2022, 782,629 vehicles (486,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses) were produced in Italy. 1,335,487 new cars, 9.5% fewer than in the prior year, were registered in 2022. Therefore, Europe's growing aerospace and automotive sectors will boost the demand for PPS.
The Germany market dominated the Europe Polyphenylene Sulfide (PPS) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $122.5 Million by 2030. The UK market is exhibiting a CAGR of 7.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 9% during (2023 - 2030).
Free Valuable Insights: The Global Polyphenylene Sulfide (PPS) Market will Hit $2.5 Billion by 2030, at a CAGR of 8.5%
Based on Type, the market is segmented into Linear PPS, Cured PPS, and Branched PPS. Based on Application, the market is segmented into Automotive, Electrical & Electronics, Industrial, Aerospace, Medical/Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Type (Volume, Hundred Tonnes, USD Billion, 2019-30)
By Application (Volume, Hundred Tonnes, USD Billion, 2019-30)
By Country (Volume, Hundred Tonnes, USD Billion, 2019-30)
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