Polyarylsulfones Market
Report ID: SQMIG15E2066
Report ID:
SQMIG15E2066 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|Tables:
66
|Figures:
75
Polyarylsulfones Market size was valued at USD 2 billion in 2019 and is poised to grow from USD 2.15 billion in 2023 to USD 4 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).
Polyarylsulfone is an unstructured high-performance thermoplastic with phenyl and biphenyl groups linked by ether and sulfone groups. It can perform better than the designed thermoplastics with regard to thermal resistance, short- & long-term thermal stability.
Due to the excellent chemical resistance and electrical properties, it is mostly utilized in high-intensity light bases, connectors, safety face shield and others. It is mostly utilized in the automobile industry for transmission components, reflectors, and others due to the flabbergasting thermal distortion temperature and excellent lubricants and fuel resistance. It is a family of high-performance thermoplastics consisting of an aryl-SO2-aryl subunit and they are well known for stability & toughness at high level temperature.
Due to the weak fruitful trajectory in the major market, it may face some uncertainty in the global polyarylsulfone market even with the record it had in the past of some steady growth. High-performance thermoplastics processing may block the market growth to some extent.
US Polyarylsulfones Market is poised to grow at a sustainable CAGR for the next forecast year.
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Global polyarylsulfones market is segmented based on product type, application, and region. Based on product type, the polyarylsulfones market is segmented into Polyethersulfone (PESU), Polyphenylsulfone (PPSU), and Polysulfone (PSU). Based on application, the Polyarylsulfones Market can be segmented into automotive, medical, aerospace, water treatment, electrical & electronics and others. Based on region, Polyarylsulfones Market is categorized into Asia Pacific, North America, Europe, Middle East and Africa, and South America.
Polyarylsulfones Market Analysis by Product Type
Among other segments, polyethersulfone (PESU) held the highest market share of above 53% and turned out to be the most significant product segment in the market during the forecast period. It is mostly utilized in high-intensity light bases, connectors, face shield and others due to its some features such as excellent chemical resistance and electrical properties, transparency and others, and is also used in the medical sector in a regularly.
Polyphenylsulfone (PPSU) can attain fast growth due to its adaptability for various applications that call for resistance to alkalis, potent acids, and alcohols.
Polyarylsulfones Market Analysis by Application
The automotive segment dominated the global market as it is mostly utilized in the automobile industry for transmission components, oil pumps, reflectors, flapper valves and others due to the surprising thermal distortion temperature and excellent lubricants and fuel resistance.
Aerospace industry segment is also growing at a considerable CAGR and it is because of the rising demand for polyarylsulfone due to the growing preference for light-weight engineering over metals. It is preferred by the aircraft industry, thanks to its excellent flame retardant properties.
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North America dominated the global polyarylsulfones market and accounted for the largest market share in 2021. The region is expected to experience significant growth during the forecast period owing to presence of various healthcare, electronics, and aerospace industries in the region. The U.S., Mexico and Canada are the major contributors to the growth of the market. The demand for polyarylsulfone across the automotive industry in the U.S. is due to the growing production of automobiles.
Some countries in Asia Pacific region including India, China, Japan, and South Korea among others are expected to grow at a rapid rate and emerge as the largest and fastest growing market for the product. The demand for polyarylsulfone will grow more in China due to the presence of large-scale automotive industry. Due to growing healthcare industry in India and increasing number of electrical & electronic industries in Japan, Taiwan and South Korea the market in Asia Pacific will grow at a significant rate.
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Polyarylsulfones Market Drivers
Polyarylsulfones Market Restraint
Polyarylsulfone's high cost in comparison to traditional engineered thermoplastics and standard thermoplastics is expected to stifle polyarylsulfones market growth. Furthermore, difficulty in processing high-performance thermoplastics is expected to limit growth to some extent.
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Global polyarylsulfones market provides detailed competitive landscape. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the prominent polyarylsulfones market players are also focussing on concentrating on R&D.
Top Players in the Global Polyarylsulfones Market
Polyarylsulfones Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global polyarylsulfones market analysis, Asia Pacific is expected to witness some tremendous growth over the forecast period and the growth of the region is attributed to greater demand for polyarylsulfones in healthcare industry in the country like India. Rising demand for mining activity to drive the global polyarylsulfones market during the next few years, as wastewater bring out during mining operations is treated by applying polyacrylamide as a flocculating agent.
Report Metric | Details |
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Market size value in 2023 | USD 2 billion |
Market size value in 2031 | USD 4 billion |
Growth Rate | 7.9% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Polyarylsulfones Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyarylsulfones Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyarylsulfones Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Polyarylsulfones Market size was valued at USD 2 billion in 2019 and is poised to grow from USD 2.15 billion in 2023 to USD 4 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).
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Report ID: SQMIG15E2066
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