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. Brow...