Polyphenylene Sulfide Price Trend

Polyphenylene Sulfide Prices December 2023

The pricing trend of polyphenylene sulfide in Europe showed fluctuating conditions due to several factors. Downstream consumer goods manufacturing companies, particularly those serving festive or seasonal demand, profited from a domestic optimistic trend. Polyphenylene sulfide first showed marginal price increases, which were probably caused by supply chain issues or regional demand. The susceptibility of the market to changes in the world economy, as well as demands sparked by holidays, created a complex situation. By the end of the year, the polyphenylene sulfide market demonstrated a careful balancing act between local and global factors, highlighting the importance of comprehending both for a complete market view and for determining pricing and demand. The price of polyphenylene sulfide in Belgium for Q4 2023 reached 1042 USD/MT (polypropylene injection molding) in December.

Polyphenylene Sulfide Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Polyphenylene Sulfide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyphenylene sulfide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of polyphenylene sulfide at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyphenylene sulfide price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing polyphenylene sulfide price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Polyphenylene Sulfide Market Analysis

The global polyphenylene sulfide market size reached US$ 1.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.7 Billion, at a projected CAGR of 4.50% during 2023-2032.

• The demand for polyphenylene sulfide is primarily driven by the automobile sector, which requires materials with a high degree of mechanical strength, chemical resistance, and thermal stability. These characteristics make polyphenylene sulfide ideal for producing robust parts, such as electrical connectors, cooling systems, and fuel systems, that can withstand harsh environments. Moreover, in 2023, the market for automobile heating, ventilation, and air conditioning (HVAC) systems was valued at US$ 42.8 billion worldwide. Additionally, the IMARC Group projects the market to grow at a 4.9% compound annual growth rate (CAGR) from 2024 to 2032, reaching US$ 66.6 billion in 2032. There is an increase in the use of polyphenylene sulfide as the industry moves toward lighter materials to improve fuel economy and reduce pollution. It is anticipated that this will lead to a higher demand for polyphenylene sulfide, establishing it as a vital component in the advancement of sustainable development and automobile design.
• Polyphenylene sulfide is a valued material in healthcare appliances and equipment owing to its exceptional chemical and heat resistance. Its resilience to high temperatures and harsh sterilizing procedures is vital for sanitizing apparatus, such as autoclaves, where preserving material integrity is critical. Furthermore, it may be used to manufacture surgical tools and device components that need to be precise and reliable due to their inherent strength and stability. As per the World Health Organization (WHO) report published in 2023, globally more than 300 million surgical procedures were carried out.
• Polyphenylene sulfide is utilized in the production of consumer goods and home appliances that require high heat resistance, including hair dryer parts, cookware handles, and microwave appliance components, due to its structural integrity and heat resistance. The longevity of household goods is increased by their capacity to withstand repeated heat cycles without degrading. According to the IMARC group, from 2024 to 2032, the global market for kitchen appliances is projected to increase at a compound annual growth rate (CAGR) of 3.9%.

Polyphenylene Sulfide News

The report covers the latest developments, updates, and trends impacting the global polyphenylene sulfide market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyphenylene sulfide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyphenylene sulfide price trend.

Latest developments in the polyphenylene sulfide industry:

• April 2022: SABIC unveiled LNP™ THERMOCOMP™ OFC08V, a glass fiber-reinforced compound based on polyphenylene sulfide (PPS) resin, tailored for 5G base station dipole antennas and electrical/electronic applications. This innovation aims to facilitate the development of lightweight, cost-effective, and all-plastic antenna designs crucial for the rapid deployment of 5G infrastructure.
• October 2023: Toray Industries introduced a groundbreaking technology enabling the recycling of glass fiber-reinforced polyphenylene sulfide (PPS-GFRP) to match the performance of virgin resins. This increases the recycling ratio and reduces carbon dioxide emissions, marking a stride towards sustainability in the composite materials industry.
• October 2023: Solvay announced its attainment of ISCC Plus2 certification for its recyclate-based polyphenylene sulfide (PPS) production in Borger, Texas, and for its Ryton brand PPS Echo compounds manufactured in Kallo-Beveren, Belgium. This showcases its commitment to sustainability and eco-friendly production practices.

Product Description

Polyphenylene sulfide is a high-performance semi-crystalline engineering thermoplastic. It is produced via a procedure called polymerization, in which dichlorobenzene and sodium sulfide are reacted in a polar solvent at a regulated temperature. It is available in many grades, such as unfilled, mineral-filled, and glass fiber reinforced, each offering distinctive properties.

It is critically important in industries that need materials capable of withstanding harsh environments without degrading. It offers multiple advantages, such as excellent chemical resistance that makes it resistant to fuels and solvents, minimal moisture absorption that guarantees dimensional stability in a range of conditions, and strong thermal stability that enables it to function continuously at high temperatures. Its capability to be easily processed into intricate shapes and structures also adds to its versatility.

Regional Coverage

The report provides a detailed analysis of the polyphenylene sulfide market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyphenylene sulfide price trend.

Global Polyphenylene Sulfide Price

The report offers a holistic view of the global polyphenylene sulfide pricing trends in the form of polyphenylene sulfide price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of polyphenylene sulfide but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polyphenylene sulfide demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Polyphenylene Sulfide Price

The polyphenylene sulfide market in Europe in Q4 2023 had irregular movements due to unstable supply chains. Polyphenylene sulfide value increased considerably in Germany, especially at the conclusion of the quarter. Lower import costs had an impact on market dynamics, demonstrating how the European polyphenylene sulfide market is linked to global dynamics and how dependent this region is on outside forces to maintain market stability.

This analysis can be extended to include detailed polyphenylene sulfide price information for a comprehensive list of countries.

North America Polyphenylene Sulfide Price

The polyphenylene sulfide market in North America had a positive trend in Q42023. Despite minor variations in supply and demand, the market remained stable. Lower-cost imports of raw materials contributed to market conditions, while regional needs and supply chain issues affected rises in marginal prices. The demand was driven by the automotive, construction, and textiles sectors, highlighting the importance of polyphenylene sulfide in vital industries notwithstanding market volatility.

Specific polyphenylene sulfide historical data within the United States and Canada can also be provided.

Middle East and Africa Polyphenylene Sulfide Price

The report explores the polyphenylene sulfide pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on polyphenylene sulfide prices for countries can also be provided.

Asia Pacific Polyphenylene Sulfide Price

The polyphenylene sulfide market in the Asia Pacific region exhibited a bullish trend in Q4, with moderate levels of domestic and international supply. There was a mixed sentiment in India, with a bullish trend in October-November followed by a slight decline post-festive season, while Chinese prices increased due to festive demand and stable supply chains. Rapid industrialization activities were expected to result in increased demand in the upcoming months.

This polyphenylene sulfide price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Polyphenylene Sulfide Price

The analysis of polyphenylene sulfide prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of polyphenylene sulfide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting polyphenylene sulfide price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyphenylene sulfide price charts ensure our clients remain at the forefront of the industry.