The Latin America, Middle East and Africa Polyphenylene Sulfide (PPS) Market would witness market growth of 9.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 584.97 Hundred Tonnes, showcasing a growth of 9.8% (2023-2030).
Blending PPS with Polyetherimide (PEI) introduces a combination of high-temperature resistance and excellent mechanical strength. PEI, renowned for its resistance to chemicals and high-performance characteristics, complements the properties of PPS. These blends find applications in demanding environments, such as automotive under-the-hood components, where resistance to heat, chemicals, and mechanical stress is critical.
Furthermore, in response to the emphasis on sustainability, innovations in sustainable formulations of PPS have gained traction. Recyclable and bio-based PPS formulations reduce PPS products' environmental footprint. Manufacturers explore avenues to create PPS materials that align with circular economy principles, ensuring a more sustainable lifecycle for end products.
The UAE government has been actively investing in the healthcare sector and promoting innovation. PPS's biocompatibility and resistance to various sterilization methods make it suitable for medical applications. If the UAE's healthcare sector prioritizes using materials that can withstand rigorous sterilization processes and are compatible with the human body, PPS could be considered for certain medical applications. As per the report titled Investing in Healthcare in UAE, published by the UAE Ministry of Economy, by 2023, the healthcare sector in the Middle East and North Africa is projected to have grown from $144 billion in 2020 to $243 billion, with Dubai's healthcare sector serving as a pivotal contributor to this expansion. Thus, the rising healthcare sector in LAMEA will assist in the growth of the regional market.
The Brazil market dominated the LAMEA Polyphenylene Sulfide (PPS) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $66.2 Million by 2030. The Argentina market is showcasing a CAGR of 10.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.3% during (2023 - 2030).
Free Valuable Insights: The Worldwide Polyphenylene Sulfide (PPS) Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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