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    Sulfone Polymers Market Report

    Sulfone Polymers Market Report
    Report code - SR1193 Delivery - 2 Weeks
    Global Sulfone Polymers Market Size, Share, Trend, Forecast, & Industry Analysis &ndas See more...

    Market Insights

    The global sulfone polymers market is expected to grow from USD 1.94 billion in 2022 to USD 2.62 billion by 2028, at a CAGR of 5.02% during the forecast period. Growing building activities in developing economies such as India, China, the Philippines, Brazil, and South Africa are expected to increase the demand for electrical products, boosting the consumption of sulfone polymers. Furthermore, surge in demand for electric vehicles, combined with increased global awareness of GHG emissions, will boost the product demand in the automotive sector in the near future.

    Global Sulfone Polymer Market – Snapshot

    Growth

    5.02% for the next five years

    Major Product Type

    Polysulfone (PSU) Polymers

    Dominant Sector Type

    Medical & Healthcare

    Region with the highest demand

    Asia-Pacific

    Key Players

    Americhem Engineered Compounds, BASF SE, Ovation Polymers. Inc., RTP Company, SABIC, Shandong Haoran Special Plastic Co., Ltd., Solvay S.A., Specialty Polymers USA LLC, Sumitomo Chemical Co., Ltd., and Youju New Materials Co., Ltd.

    Segments' Analysis

    Sulfone-Polymers-Market-Dominant-Segments

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    Sulfone Polymers Market Share: By Product Type

    Based on the product type, the market is segmented into polyethersulfone, polysulfone, polyphenylsulfone, and others. Polysulfone (PSU) polymers led the product sector in 2022, accounting for about 35% share of the market. The segment is expected to maintain its indomitable lead during the during the forecast period as well. The growth of the segment is driven by its properties such as thermal stability, transparency, durability, rigidity, and chemical resistance. Furthermore, the overall sulfone polymers market will be bolstered by the vast applications of sulfone polymers in the manufacturing of various parts of electronics, automotive, medical devices, and aerospace.

    Sulfone Polymers Market Share: By Sector Type

    Based on the sector type, the market is segmented into consumer goods, electrical & electronics, aerospace, automotive, medical & healthcare, industrial, food & beverage, and others. The medical & healthcare segment held the largest share of the market in 2022, and is expected to register the highest growth over the forecast period. As sulfone polymers, such as PES and PPSU, can be sterilized in superheated steam while maintaining their transparency and mechanical properties, they're used to make a variety of medical components and devices, including dialyzer membranes, infusion equipment, sterilizing boxes, instruments, instrument parts, surgical theatre luminaries, re-usable syringes, and secretion bottles. As a result, strong growth in the healthcare sector will boost sales of sulfone polymers over the forecast period.

    Sulfone Polymers Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to hold a significant share of the market for sulfone polymers during the forecast period. The region’s growth will be on account of rapid industrialization and urbanization along with growing end-user industries, such as industrial processing, transportation, and electrical & electronics, which will trigger the demand for sulfone polymers market. Furthermore, China, India, and Japan have robust aerospace and automotive sectors, which will stimulate the sulfone polymer demand in the region. As per the International Energy Agency, China leads the global electric vehicle sales, thus widening the scope for sulfone polymer use in battery and other autobody components.

    Sulfone-Polymers-Market-By-Region

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    Market Scope & Segmentation

    Compounds with -SO2 or sulfone moiety linkages are known as sulfone polymers. Sulfone resins have a natural hue of transparent light ember. Prolonged exposure to air or steam has little effect on the transparency. Mineral-filled and glass-reinforced resins are also available, which change colour to opaque and provide increased strength, stiffness, and thermal stability. They're high-performance thermoplastics with a variety of chemical advantages over conventional transparent plastics, including the capacity to endure greater temperatures and provide increased toughness, strength, and hydrolytic stability.

    Furthermore, their ability to tolerate prolonged exposure to water, chemicals, and a wide range of temperatures from -40°C to 204°C distinguishes them from traditional transparent plastics. Additional beneficial combustion properties of sulfone polymers, such as natural flame retardance, reduced smoke emission, and chemical resistance, make it easier for sulfone to comply with tight safety rules.

    Global Sulfone Polymer Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The sulfone polymers market is segmented into the following categories:

    Sulfone Polymer Market Size, Share, & Forecast, by Product Type:

    • Polyethersulfone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polysulfone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyphenylsulfone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Sulfone Polymer Market Size, Share, & Forecast, by Sector Type:

    • Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aerospace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical & Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Food & Beverage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Sulfone Polymer Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    Some of the key players in the global sulfone polymers market are-

    • Americhem Engineered Compounds
    • BASF SE
    • Ovation Polymers. Inc.
    • RTP Company
    • SABIC
    • Shandong Haoran Special Plastic Co., Ltd.
    • Solvay S.A.
    • Specialty Polymers USA LLC
    • Sumitomo Chemical Co., Ltd.
    • Youju New Materials Co., Ltd

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the global market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the global market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the sulfone polymers market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the product types by sector type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The global sulfone polymers market is expected to witness an impressive growth of 5.02% CAGR in the foreseeable future.

    Americhem Engineered Compounds, BASF SE, Ovation Polymers. Inc., RTP Company, SABIC, Shandong Haoran Special Plastic Co., Ltd., Solvay S.A., Specialty Polymers USA LLC, Sumitomo Chemical Co., Ltd., and Youju New Materials Co., Ltd are among the key players in the sulfone polymers market.

    Polysulfone (PSU) polymers is expected to maintain its lead in the market in the coming years.

    The medical & healthcare segment is expected to register the highest growth in the market during the next five years.

    Asia-pacific is expected to hold a significant share in the market during the forecast period.

    Growing building activities in developing economies, surge in demand for electric vehicles, increased global awareness of GHG emissions are the factors driving the growth of sulfone polymers market.

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