Sulfone Polymers Market Analysis | 2023-2028

Market Insights

"The sulfone polymers market size was estimated at USD 1.94 billion in 2022 and is likely to grow at a CAGR of 5.02% during 2023-2028 to reach USD 2.62 billion in 2028".

Wish to get a free sample? Register Here

Market Dynamics

Introduction

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.

Market Drivers

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.

Segments Analysis

By Product Type

"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 market is segmented into polyethersulfone, polysulfone, polyphenylsulfone, and others.
• 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.

By Sector Type

"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".

• The market is segmented into consumer goods, electrical & electronics, aerospace, automotive, medical & healthcare, industrial, food & beverage, and others.
• 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.

Regional Analysis

"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.

Want to know which region offers the best growth opportunities? Register Here

Key Players

The following are the key players in the Sulfone Polymers Market (arranged alphabetically).

• 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.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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

What Deliverables Will You Get in this Report?

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.

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.