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Sulfone Polymers Market to amass major gains over 2024, Asia Pacific likely to dominate the regional demand

Author : Rahul Varpe | Published Date : 2019-04-01 

Sulfone Polymers Market From Asia Pacific had the maximum Industry share for 2016, which is going to increase over the forecast spell. Growing investments and developing industries in the region will propel market growth in developing countries including Japan, China, and India. In addition, the Middle East and Africa will witness moderate growth due to the rising demand from various industries over the forecast period. Europe and Latin America held the highest potential in terms of revenue with CAGRs of 5.9% and 5.8% respectively by 2024.

Global Sulfone Polymers will likely surpass USD 1.5 billion by 2024; according to a new research report. Sulfone polymers are majorly used in aerospace components and automotive parts and the growing demand from these industries is increasing the production capacity of sulfone producers, augmenting the global sulfone polymers market over the forecast timeframe. Its resistant properties along with thermal stability, strength, and toughness make it suitable for these end-user industries, driving the market.

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The market is further driven by the growing sulfone polymer applications alternative to metal for manufacturing lightweight components for the aerospace industry. Some aerospace manufacturing companies have increased the consumption of these polymers owing to their lightness and other incredible properties, which are complementing the aerospace industry as well as growing the global sulfone polymers market during the forecast timeframe.

Polyethersulfone segment market is projected to grow by a CAGR of around 6.5% due to growing application in medical equipment. Sulfone polymers properties and benefits make it an ideal material for several end-user industries, manufactured through the reaction of disphenol and bisphenol A. Further, polysulfone product market will grow due to increase in consumption of polysulfone for manufacturing membrane which are further used for water treatment. These factors will drive the global sulfone polymer market over the forecast timeframe.

The sulfone polymers market research report includes in-depth coverage of the industry with estimates & forecast regarding volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:

Global Sulfone Polymers Market Product by End-user

  • Polyethersulfone
  • Polysulfone
  • Polyphenylsulfone
  • Others

Global Sulfone Polymers Market by End-User

  • Consumer goods
  • Electrical & electronics
  • Aerospace
  • Automotive
  • Medical
  • Industrial

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Automotive is the fastest moving segment, growing at a CAGR of 6.6% due to the rapid industrialization in emerging countries and rising government investments for building and constructing better road network, railways, and metro, augmenting the demand for sulfone polymers. Apart from these segments, the aerospace application will also grow in terms of revenue owing to the increasing demand for low-weight components, propelling market growth during the forecast timeframe.

The market is dominated by prominent players such as Sumitomo Corporation, Specialty Polymers, Evonik Industries, Infinity LTL, Ovation Polymers, SABIC, and Jiangmen Youju. These companies hold a potential market share and have diverse products.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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