Global Sulfone Polymers Market to Reach $2.1 Billion by 2026

SAN FRANCISCO, March 22, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Sulfone Polymers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to our digital archives and MarketGlass Research Platform
• Complimentary updates for one year

Edition: 7; Released: February 2022

Executive Engagements: 3859
Companies: 21 - Players covered include Americhem Engineered Compounds; Avient Corporation; BASF SE; Evonik Industries AG; GEHR GmbH; Ovation Polymers Inc.; Mitsubishi Chemical Advanced Materials; Sino Polymer Co, Ltd.; Solvay S.A.; Sumitomo Chemical Co., Ltd.; UJU New Material Co., LTD and Others.
Coverage: All major geographies and key segments
Segments: Product (Polysulfone (PSU), Polyethersulfone (PESU), Polyphenylsulfone (PPSU), Other Products); Application (Medical & Healthcare, Automotive, Electrical & Electronics, Industrial, Aerospace, Food & Beverages, Consumer Goods, Other Applications)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Sulfone Polymers Market to Reach $2.1 Billion by 2026
Sulfone polymers are transparent and rigid plastic materials that are resistant to heat even at over 204°C. Growth in the global market is set to be driven by increasing demand for these materials in a comprehensive spectrum of industries including electrical & electronics, aircraft, automotive, food and medical devices. These polymers continue to gain from increasing demand for advanced electronics in industrial and household products. The surging demand can be primarily attributed to their extraordinary flame-retardant characteristics. Based on their superior rigidity, corrosion resistance and toughness, sulfone polymers are finding increasing use on aircraft and automotive interiors. Demand for these polymers is bound to gain from expansion of the aviation sector and rising automotive production. In addition, sulfone polymers are fit for various applications in the food industry as a result of their low toxicity. These polymers are capable of retaining their physical properties when exposed to steam, making them a suitable candidate for the food packaging industry. Another prominent driver for the market is growing adoption of these polymers in production of various dental care, medical, and orthopedic devices. Consistently growing demand for medical equipment from healthcare facilities and hospitals is poised to create a favorable environment for sulfone polymers. The market growth is also augmented by rising adoption of these materials in production of fuel systems, coatings, pipes, fitting and composites owing to their excellent strength.

Amid the COVID-19 crisis, the global market for Sulfone Polymers estimated at US$1.7 Billion in the year 2022, is projected to reach a revised size of US$2.1 Billion by 2026, growing at a CAGR of 5.5% over the analysis period. Polysulfone (PSU), one of the segments analyzed in the report, is projected to grow at a 5.6% CAGR to reach US$837.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polyethersulfone (PESU) segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 30.6% share of the global Sulfone Polymers market. Polysulfone represents the largest type of sulfone polymers owing to the widespread usage of the material in multiple industries. Polysulfone is used in various applications such as dialysis filtration cartridges, pharmaceutical filter housing, surgical instrument cases and trays, transparent portion of anesthesia masks. Providers of aircraft interior parts and components employ polyethersulfone (PESU) for developing better products. These materials support advanced processing while reducing manufacturing costs and cycle time. Polyethersulfone reinforced with glass or carbon fibers finds use in components such as battery caps, oil control pistons, oil pumps, transmission parts, bearing cages and ignition components, and carburetor parts.

The U.S. Market is Estimated at $475.1 Million in 2022, While China is Forecast to Reach $290.7 Million by 2026
The Sulfone Polymers market in the U.S. is estimated at US$475.1 Million in the year 2022. The country currently accounts for a 28.11% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$290.7 Million in the year 2026 trailing a CAGR of 7.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR while Rest of European market (as defined in the study) will reach US$313.9 Million by the end of the analysis period. The US represents the largest market owing to the large aerospace and automotive industries in the region. Factors such as strong growth in end-use sectors due to widespread economic development, rapid urbanization and increase in consumer disposable incomes drive growth in the Asia-Pacific region.

Polyphenylsulfone (PPSU) Segment to Reach $429.4 Million by 2026
Polyphenylsulfone (PPSU) offers superior performance in applications where transparency is required. Polyphenylsulfone (PPSU) finds use in manufacture of filtration membrane, and electrical sockets and parts such as oil pumps, transmission oil control pistons, and bezels. It is also used as an alternative material in headlights capable of withstanding operating temperatures of 190-200 degree Celsius. In the global Polyphenylsulfone (PPSU) segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$244.4 Million will reach a projected size of US$337.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$42.3 Million by the year 2026, while Latin America will expand at a 6% CAGR through the analysis period. More

MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com 
Email: [email protected] 

LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp 

Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./ 

Follow Us on Twitter
https://twitter.com/marketbytes 

Journalists & Media
[email protected]

SOURCE Global Industry Analysts, Inc.