Polyarylsulfone Market Worth $1317.09 Million by 2020

DALLAS, March 3, 2015 /PRNewswire/ --

The report "Polyarylsulfone Market by types (PSU, PESU, PPSU), by end-user industry (Medical, automotive, household/food technology, electrical & electronics, mechanical engineering and others) and by region - Global Trends & Forecasts to 2020", defines and segments the polyarylsulfone market with analysis and forecasting of the market size. Polyarylsulfone Market is projected to grow at a CAGR 8.88% to reach $1317.09 Million by 2020.

Browse 88 Market Data Tables and 67 Figures spread through 189 Pages and in-depth TOC on "Polyarylsulfone Market".
 

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Polyarylsulfone: 72.90 KT market by 2020 signify firm annualized growth of 6.06% between 2015 and 2020.

North America - The biggest market of polyarylsulfone 

Due to high growth in medical industries and automotive industries, U.S. leading the global polyarylsulfone market in North America. Increasing per capita consumption in economies with rapidly rising GDP such as of China and Southeast Asia is driving the demand of polyarylsulfone in segments such as automotive, medical, and mechanical engineering. China, Japan, South Korea and Taiwan are the major markets in the region. U.S. is the leading country and is among the fastest growing market in the region and across the globe in terms of consumption and in terms of value.

"Polysulfone - the biggest and polyphenylsulfone fastest growing markets among various types of polyarylsulfone " 

Polyphenylsulfone is among the fastest growing market because of its high resistive to heat, is used in medical and injection molding applications. PSU is cheaper in comparison to other polyarylsulfone, so is used majorly in every end-user industry. Polysulfone has the biggest market share in the global polyarylsulfone market in 2013.

Among the various end-user industry of polyarylsulfone, the medical industry is the biggest end-user industry. Polyarylsulfone are widely used in this industry because of it high heat and chemical resistance.  Other major application of polyarylsulfone includes aviation, sanitary and military.

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Aviation industry uses polyarylsulfone because of its good flame retardants property. Automobile headlights generally uses polyethersulfone, hence major portion of polyethersulfone is used in automotive industry. Polyarylsulfones are also used in drinking water and sanitary purpose. It is used in manufacturing of hot water pipes.

Polyarylsulfone market is expected to grow at a CAGR of 8.88% from 2015 to 2020. At the estimated growth rate, the market is expected to be worth $860.57 Million in 2015 and reach $1317.09 Million in 2020.

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