Owing to Unmatched Product Properties, Sulfone Polymers Demand to Reach 92K Metric Tons by 2029 – Market Research Report (2023-2029) by Industry Experts, Inc.
Industry Experts, Inc. published a 2024 version of the comprehensive global market research report on Sulfone Polymers. The new report entitled “Sulfone Polymers (PSU, PPSU & PESU) – A Global Market Overview” reveals that the Asia-Pacific region has emerged as the largest global volume market for sulfone polymers with a share of 39% estimated at 26 thousand metric tons in 2023 and is projected to reach 37.6 thousand metric tons by 2029 at a faster CAGR of 6.3% between the two years.
Sulfone Polymers, also referred to as Polyarylsulfones, form a versatile group of aromatic amorphous thermoplastics, commercially available in three main types: Polysulfone (PSU), Polyethersulfone (PESU), and Polyphenylsulfone (PPSU). Renowned for their transparency, mechanical toughness, and rigidity, these polymers boast high glass transition temperatures and exceptional thermal-oxidative resistance. They exhibit notable resilience against hydrolysis and acidic assaults, alongside easy processability and remarkable stability, allowing for melt processing at temperatures reaching up to 400°C.
Mega trends that will continue to drive sulfone polymer consumption include, but are not limited to, a sustained and increased penetration of sulfone polymers in aircraft and automobiles, supported by ongoing efforts in reducing weight to improve fuel efficiency and meet CO2 emission standards. Additionally, the rising demand for food and consumer items requiring higher temperature limits, as well as the continued utilization of sulfone polymers in membrane applications, contribute to sustained growth. Moreover, insights from industry sources suggest that the ongoing trend of electronics miniaturization, which necessitates materials with elevated temperature requirements, further reinforces the demand for sulfone polymers.
Over the forecast period, as general economic conditions are expected to improve across major consuming regions, global market for sulfone polymers is anticipated to post a CAGR of 5.3% in volume and 6.2% in value terms between 2023 and 2029; and reach 92 thousand metric tons valued at US$1.9 billion by 2029. Future growth of sulfone polymers market is mainly driven by above-average growth in automotive, aerospace & military, and filtration membranes applications coupled with increasing demand in electrical & electronics and medical & healthcare applications.
This global market report analyzes the sulfone polymer product types comprising Polysulfone (PSU), Polyphenylsulfone (PPSU) and Polyethersulfone (PESU). The study also analyzes the key end-use sectors of sulfone polymers including Aerospace & Military, Automotive, Electrical & Electronics, Food & Household, Mechanical/Industrial, Medical & Healthcare and Others (including filtration membranes).
The report reviews, analyzes and projects the Sulfone Polymers market for global and the regional markets including the United States, Europe, Asia-Pacific and Rest of World for the period 2019-2029 in terms of volumes in metric tons and value in US$. These regional markets further analyzed for 7 more independent countries across Europe – France, Germany, Italy and the United Kingdom; Asia-Pacific – China, Japan and South Korea.
The study includes 342 charts (includes a data), supported with a meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region and end-use application. This report profiles 8 key global players and also provides listing of the companies engaged in the manufacturing and supply of sulfone polymers and compounds. The global list of companies covers addresses, contact numbers and the website addresses of 79 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused business information provider.
For more details, please visit: https://industry-experts.com/verticals/chemicals-and-materials/sulfone-polymers-psu-ppsu-pesu-a-global-market-overview
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