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Polyphenylene Sulfide (PPS)

Polyphenylene Sulfide (PPS) Price Trend and Forecast

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Polyphenylene Sulfide (PPS) Price Trend and Forecast

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Market Overview

For the Quarter Ending December 2022

North America

During mid-November, the American market witnessed a seven-month low in goods exports due to weakening global demand and increasing dollar value, creating a declining price trend of upstream sulfur in the last quarter of 2022. Despite the decreasing temperatures and festive holidays at the conclusion of the previous quarter having an effect on the domestic market's upstream benzene production rate, it did not impact the declining price trend of PPS in the USA. The poor performance of the downstream automotive industry in the US during the final quarter of 2022 weakened the buying sentiments of Polyphenylene Sulfide (PPS) in the American market.

APAC

Due to a low production rate, upstream benzene prices in the Asia-Pacific market have been continuously falling. Due to falling feedstock (crude oil) prices in the global market, the final quarter saw a decline; as a result, suppliers and end users stocked up on the commodity leading to the easing of Polyphenylene sulfide (PPS) costs. The poor performance of the downstream automotive sector in the Asian markets has led to weak buying sentiments of PPS, especially in China. A decline in freight charges in the Asian region reduced the demand for upstream Sulphur in the Asian market, abetting the price drop of PPS during Q4 2022.

Europe

The upstream Sulphur market was congested, and downstream demand was high. The expansion of the winter storage market was delayed, and the need for Sulphur was poor, along with easing feedstock crude oil in European markets assisting the steady drop of Polyphenylene sulfide (PPS) price throughout the fourth quarter of 2022. The rising inflation rates in the European region drove down the demand from the downstream automotive industry leading to a poor buying attitude, further contributing to a price drop of PPS in Europe. As the region's seasons changed during Q4 2022, demand for upstream benzene decreased due to the low employment rate, further abetting PPS price drop in the Chinese market.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Polyphenylene Sulfide (PPS) is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Polyphenylene Sulfide (PPS) market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Polyphenylene Sulfide (PPS) manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company's annual reports sand secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Polyphenylene Sulfide (PPS) market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry's performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Polyphenylene Sulfide (PPS) market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Polyphenylene Sulfide (PPS) are analyzed and region-wise demand pattern is tracked.

About

Polyphenylene sulfide (PPS) is an organic semi-crystalline polymer with aromatic rings linked by sulfides. PPS is a high-performance, engineering thermoplastic polymer. It is a high-temperature performance polymer with significantly lower material costs compared to Polyether ether ketone and Liquid crystal polymers. It is used in applications that require vigorous thermal and chemical stability. Its melting temperature is 280.C. PPS is considered the ideal material for this application due to its dimensional stability over a wide temperature range, impact resistance, and chemical resistivity. PPS is used in the aerospace industry as a replacement for Aluminum in the structural component. It is widely used in the automotive sector due to its properties such as high temperature, automotive fluids, and Mechanical stress. It is also used in electrical insulation, Papermaking felts, gaskets, packaging, and others. The Key market players for PPS are Solvay S.A, Toray industries, Chengdu Letian Plastics, Celanese Corporation, and LG Chem.

Product Specifications

CAS No.	26125-40-6
HS Code	39119090
Grade	Standard
Contract Size	30-50 MT
Packaging Type	25kg bags

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FD (Free Del.) - Price deals are valid for free delivered commodities sold in the sphere of 300 sq. km in NWE (Northwest Europe).

Ex-works - These are the actual factory price which does not include any logistics charges.

Ex-Location - These are the prices of traders/suppliers/distributors for domestic trade purposes.

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Discounts - ChemAnalyst publish contract prices, but we do not consider any trade discount or bulk discount.

Countries Covered:

· India

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Polyphenylene Sulfide (PPS) Price Trend and Forecast

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