The Global PPS Resin Market was valued at USD 957.6 Million in 2022 and is projected to reach USD 1,546 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period (2023-2029). This robust growth stems from escalating demand in electric vehicle components, 5G infrastructure, and aerospace applications where polyphenylene sulfide’s unique combination of thermal stability, chemical resistance, and flame retardancy proves indispensable.

As industries worldwide shift toward high-performance thermoplastics, PPS resin manufacturers are responding with capacity expansions and innovative formulations. This analysis profiles the Top 10 Companies in the PPS Resin Industry—market leaders whose material innovations are enabling technological breakthroughs across multiple sectors.

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🔟 1. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: TORELINA™ PPS resins (Linear & Cross-linked types)

Toray commands 32% of global PPS resin revenues through its TORELINA™ product line, serving demanding applications in automotive, electronics, and industrial sectors. The company’s proprietary polymerization technology achieves exceptional heat resistance (continuous use up to 220°C) while maintaining mechanical strength in thin-walled designs.

Product Development Milestones:

• Introduced industry-first halogen-free flame retardant grades meeting global environmental regulations
• Commissioned 5,000-ton/year capacity expansion in China (2023)
• Developed electrically conductive compounds for EV battery modules and charging components

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9️⃣ 2. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Ryton® PPS (Injection molding & fiber grades)

Solvay operates Europe’s most vertically integrated PPS production, from raw materials to customized compounds. Their Ryton® series demonstrates outstanding flow characteristics for complex automotive components and high-precision electrical connectors.

Technical Advancements:

• Developed ultra-stiff formulations with 40% glass fiber reinforcement
• Established dedicated EV thermal management solutions with major automakers

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8️⃣ 3. DIC Corporation

Headquarters: Tokyo, Japan
Key Offering: DIC.PPS™ (Specialty alloys & compounds)

With over four decades of PPS expertise, DIC delivers tailored solutions for corrosive environments through innovative polymer alloy technologies that optimize cost-performance ratios.

Innovation Focus:

• Patented low-warpage materials for micro-molded connectors
• Pioneering bio-based PPS development program initiated in 2022

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7️⃣ 4. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Fortron® PPS (Mineral-filled & lubricated grades)

Celanese has become the preferred supplier for demanding mechanical applications with Fortron® PPS grades offering superior wear resistance and dimensional stability in harsh operating conditions.

Material Innovations:

• Developed compounds with 50% higher elongation versus standard PPS
• Specialized conductive grades for automotive electrification systems

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6️⃣ 5. SK Chemicals

Headquarters: Seoul, South Korea
Key Offering: SKYPEL® PPS (High-flow injection grades)

SK Chemicals rapidly emerged as Asia’s growth leader through technology partnerships, with SKYPEL® grades enabling precision molding for LED components and microelectronics.

Breakthrough Developments:

• Patented 0.1mm thin-wall molding capability
• Ultra-reflective white PPS (>90% reflectance) for LED applications

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5️⃣ 6. Kureha Corporation

Headquarters: Tokyo, Japan
Key Offering: KPS® PPS (Custom polymer architectures)

The original PPS innovator (1973) maintains leadership in polymer structure control, enabling optimized crystallinity for specialized film and fiber applications.

Technology Leadership:

• Developed high-frequency circuit films for 5G infrastructure
• Sterilizable medical-grade PPS compounds

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4️⃣ 7. Zhejiang NHU Co., Ltd.

Headquarters: Shaoxing, China
Key Offering: NHU-PPS™ (Cost-optimized engineering grades)

As China’s PPS production leader, NHU provides domestic market accessibility through fully integrated manufacturing from raw materials.

Regional Strategy:

• Expanding to 30,000 tons/year capacity by 2025
• Localized R&D for Chinese automotive specifications

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3️⃣ 8. Tosoh Corporation

Headquarters: Tokyo, Japan
Key Offering: TOSOH PPS (Semiconductor-grade purity resins)

Tosoh specializes in ultra-high purity PPS (<10ppb metal content) critical for semiconductor manufacturing equipment and wafer handling applications.

Precision Engineering:

• Grades with coefficient of thermal expansion matching silicon
• Static-dissipative formulations for cleanroom environments

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2️⃣ 9. Toyobo Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Toyobo PPS (Fiber & composite grades)

Toyobo leads in PPS fiber technology, with “Procon” fibers delivering exceptional chemical resistance at continuous 190°C service temperatures.

Specialized Applications:

• FAA-certified aircraft interior fabrics
• Carbon fiber reinforced composites for aerospace

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1️⃣ 10. Ko Yo Chemical Group

Headquarters: Nantong, China
Key Offering: KOP PPS (Industrial & appliance compounds)

China’s second-largest PPS producer focuses on cost-effective solutions for mass-market applications through strategic technology partnerships.

Capacity & Innovation:

• 15,000 tons/year production capacity
• Impact-modified structural grades development

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🌍 Market Outlook: PPS Resin Evolution Through Innovation

The PPS resin industry stands at an inflection point as manufacturers balance performance enhancements with sustainability initiatives. Material innovations are accelerating to meet electrification, miniaturization, and environmental demands across key sectors.

📈 Emerging Industry Trends:

• EV battery and charging system components driving 25% of new demand
• Sub-micron precision molding enabling next-gen electronics
• Bio-based raw material initiatives gaining momentum
• Asia-Pacific accounting for 65% of planned capacity expansions

Get Full Report Here: PPS Resin Market – View in Detailed Research Report

These market leaders continue redefining engineering thermoplastic possibilities through molecular innovation and application-specific solutions that push material performance boundaries.