The North America Polyphenylene Sulfide (PPS) Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 894.78 Hundred Tonnes, showcasing a growth of 6.1% (2019-2022).
The soaring aspirations of the aerospace industry find a match in the high-performance attributes of PPS. PPS's lightweight yet sturdy nature makes it an ideal candidate for aircraft components, where a delicate balance between strength and weight is paramount. The aerospace industry uses PPS because of its capacity to tolerate extreme temperatures and hard circumstances, contributing to the advancement of aerospace engineering.
Furthermore, in the dynamic landscape of material science, technological advancements propel the evolution of PPS. Researchers and manufacturers continually explore innovative formulations and manufacturing processes to enhance the properties of PPS. Technological advancements, from improved thermal resistance to enhanced mechanical strength, position PPS at the forefront of high-performance polymers, ensuring its relevance and competitiveness in an ever-evolving market.
Canada has a strong aerospace industry focusing on research and development. Collaborations between industry players and research institutions may lead to the discovery and application of advanced materials like PPS in aerospace manufacturing. As per the data from the Government of Canada, with a total budget of $250 million over three years (until March 31, 2024), the Aerospace Regional Recovery Initiative (ARRI) was delivered by Canada’s regional development agencies (RDAs). It complemented support for the aerospace industry provided through Canada’s COVID-19 Economic Response Plan and by Industry, Science and Economic Development (ISED) through the Strategic Innovation Fund. Therefore, the rising aerospace sector in North America will assist in the growth of the regional market.
The US market dominated the North America Polyphenylene Sulfide (PPS) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $497.7 Million by 2030. The Canada market is experiencing a CAGR of 10.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9.3% during (2023 - 2030).
Free Valuable Insights: The Polyphenylene Sulfide (PPS) Market is Predict to reach $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 U.S., Mexico, Canada, and Rest of North America.
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)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 