Skip to main content

Sulfone Polymers Market: Process Optimization and Consolidating Production Capacities Lead to High Growth, TMR

The global sulfone polymers market is fairly consolidated, with the top two vendors accounting for approximately 80% of the market in 2015. Transparency Market Research (TMR) notes that these leading companies – Solvay S.A. and BASF SE – are actively developing a strong supply chain and increasing their production capacities to consolidate their market shares in various regions

New entrants and emerging players intending to get a stronghold in the market are focusing on process optimizations and making significant investments in expanding their production units. Furthermore, top vendors seeking to capitalize on lucrative market avenues are making agreements and partnerships with leading distributors to consolidate their supply chain. 
According to findings by TMR, the valuation of the global sulfone polymer market was estimated at US$805.4 mn in 2015 and is anticipated to reach US$1,394.7 mn by 2024, rising at a CAGR of 6.4% during 2016 - 2024.  
In terms of geography, the global market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America; of these, currently North America leads the market. The regional market occupied a major share of 39.40% in 2015, measured in terms of revenue. The share of the regional market is expected to remain robust in the next few years as well. The growth in the regional market is mainly attributed to the growing popularity of the use of sulfone polymers in making a variety of medical devices and its increased demand in the automotive sector in different countries of North America. Resurgence of the automotive market in the U.S. has spurred the demand for various formulations of sulfone polymers.
In terms of product, the market is segmented into polysulfone (PSU), polyethersulfone (PESU), and polyphenylsulfone (PPSU). Of these, the PSU segment occupied a major market share and accounted for 41.1% in 2015. The widespread demand for PPSU is propelled by its application in making a large number of medical devices due to favorable mechanical properties and the capability to withstand repeated sterilization.
Accelerated Consumption Worldwide to Drive Growth of PSU and PESU Segments
Of all amorphous thermoplastics, polysulfone (PSU) and polyethersulfone (PESU) exhibit a unique set of chemical and physical properties that include high mechanical strength, high dimensional stability, light weight, marked resistance to ageing at high temperatures, high transparency, and remarkable resistance to hydrolysis. Their amazing property range leads to several applications such as making a variety of automotive parts, medical devices, and a large number of household applications.
Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3607
Sulfone polymers being resistant to fuel and lubricants are used in making various automotive parts such as transmission components, valves, bezels, and reflectors. The unique characteristics, coupled with soaring quality demands in various industries, have triggered the growth of the market. Furthermore, emerging applications of the thermoplastic in aircrafts and its wide use in the electrical and electronics sector are expected to create ample growth opportunities for the market players.
High Regulatory Requirements and Cost Constraints are Key Impediments of Growth
In spite of the rapid evolution of the market, the increasing applications of sulfone polymers in different end-use industries must conform to numerous regulatory norms. Delay in regulatory approvals may severely restrain the use of the thermoplastic in medical implants, medical devices, and aircrafts. Healthcare regulatory bodies and other critics warn that there may be significant leakage of bisphenol monomers, present in sulfone polymers, onto the food items, which may hamper its demand for making baby food products; the ingestion of bisphenol monomers significantly affects the endocrine system. In addition, the high cost associated with the production process of different sulfone polymers may put significant pressure on emerging companies setting up production units.
The global sulfone polymers market is segmented into:
Product
  • PSU
  • PESU
  • PPSU

Application
  • Medical
  • Automotive
  • Aerospace
  • Consumer Goods
  • Electrical & Electronics
  • Industrial
  • Membrane
  • Military
  • Plumbing

The study presented here is based on a report by Transparency Market Research (TMR) titled “Sulfone Polymers Market (Product/Grade - Polysulfone (PSU), Polyethersulfone (PESU), and Polyphenylsulfone (PPSU); Application - Medical, Automotive, Aerospace, Consumer Goods, Electrical and Electronics, Industrial, Membrane, Military, and Plumbing) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
Labels:
Location: Albany, NY 12207, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry ...
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid proto...
Post a Comment
Read more