Sulfone Polymers Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast -2024 Top Players - Sino Polymer, Evonik, Infinity LTL, Sumitomo Corporation, SABIC, BASF SE

Market Study Report, LLC, has recently developed a report on the ‘Sulfone Polymers market’ which presents substantial inputs about the market size, market share, regional trends, and profit projection of this business sphere. The report also enlightens users regarding the foremost challenges and existing growth tactics implemented by the leading organizations that constitute the dynamic competitive gamut of this industry.Sulfone polymers market demand is rapidly increasing in aerospace and automotive industries owing to their high-performance properties. These polymers offer higher stability and toughness while operating at higher temperatures. High strength, better flame resistance, thermal stability, and excellent retardancy to oxidation properties make them suitable for aerospace, and automotive applications. Global sulfone polymers market will likely surpass USD 2 billion by 2024, according to this new research report. Thus, the market will be influenced positively and will further enhance the market growth over the coming years.

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Changing trends like substitution of metal products with lightweight polymer materials in automotive, and aerospace applications will drive the global sulfone polymers market significantly. The product demand for sulfone polymer based aircraft, and automotive components is emphasizing the producers to manufacture more products significantly which will significantly propel the growth of global sulfone polymers market in the entire forecast timeline.

 

The global sulfone polymers market is majorly restrained by the regulatory norms regarding the consumption of sulfone polymers in some particular industry verticlas. For instance, the usage of sulfone polymer based products in medical & food industries require many stages of government approval because of the presence of harmful chemical substances like bisphenol A. Hence to maintain the standard quality of food, regulatory bodies have implemented certain restrictions which will negatively impact the global sulfone polymers market over the next years.

 

Implementing new technologies and equipment inevitably require high maintenance cost which will challenging the product manufacturers from investing in sulfone polymers market. Further, substantial R&D costs involved in the development of advanced technologies will further decelerate this market soon.

 

Polyethersulfone segment will grow at a CAGR over 6.5% during the projected period. This product segment will witness a huge demand due to its incredible properties, and application extent over the coming years. The polysulfone product segment is found out to be the second fastest growing segment over the coming years. Regarding both volume, and revenue, the polyethersulfone segment have the major share, and dominates in the overall forecast period.

 

The automotive application segment is the fastest growing application segment, growing at a CAGR close to 6.6%. Rising global transportation industry, and government initiatives for better transportation networks in developing countries will attribute to the global sulfone polymers market. Aerospace application segment is the second fastest growing in both volume, and revenue due to growing demand for lightweight aircraft components.

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Medical application segment is having major volume consumption and is forecasted to grow over the coming years. Innovative application of these for manufacturing several medical equipment through design and technology modification is enabling their application in complex devices, in place of traditional materials that will significantly trigger sulfone polymer market demand.

 

Asia Pacific holds the significant market share in 2016 and will grow at CAGR of over 6.5% till the end of forecast period. Rising consumption in end-user industries, and rapid industrialization in the developing countries of this region will augment the market. Moreover, the Middle East & Africa and Latin America will moderately grow over the forecast timeframe.

 

North America is growing with a CAGR of over 6.2% during the forecast period. Sulfone polymers market in this region is growing due to increasing application in medical devices and automotive production. United States hold major market share and is one of the fastest growing region due to high automotive and aerospace production. Moreover, shift in consumption pattern of high performance polymers in several industries will propel market growth.

 

Leading players present in the sulfone polymers market are Sino Polymer, Evonik, Infinity LTL, Sumitomo Corporation, SABIC, BASF SE, Ovation Polymers, Jiangmen, and others.

 

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

 

Consumer goods

 

Electrical & electronics

 

Aerospace

 

Automotive

 

Medical

 

Industrial

 

Polysulfone

 

Consumer goods

 

Electrical & electronics

 

Aerospace

 

Automotive

 

Medical

 

Industrial

 

Polyphenylsulfone

 

Consumer goods

 

Electrical & electronics

 

Aerospace

 

Automotive

 

Medical

 

Industrial

 

Others

 

Consumer goods

 

Electrical & electronics

 

Aerospace

 

Automotive

 

Medical

 

Industrial

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Global Sulfone Polymers Market by End-User

 

Consumer goods

 

Electrical & electronics

 

Aerospace

 

Automotive

 

Medical

 

Industrial

 

 

The above information is provided on a regional and country basis for the following:

North America
U.S.
Europe
U.K.
Asia Pacific
China
Middle East and Africa

 

Some of the Major Highlights of TOC covers:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2: Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3: Sulfone Polymers Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4: Sulfone Polymers Market, By Region

Chapter 5: Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

SWOT Analysis

 
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