Press release
Sulfone Polymers Market is estimated to grow at a CAGR of 6.23% during 2018 to 2023 | Vital Players are Jinmen Youju New Materials Co., Quadrant AG Ltd., Solvay Specialty Polymers USA, LLC, and Sumitomo Chemical Company Limited.
Sulfone Polymers Market was valued at USD 0.97 billion in 2016 and projected to reach USD 1.67 billion by 2023 growing at a CAGR of 6.23% during the forecast period 2018 to 2023.
Sulfone Polymers Market Overview:
A type of thermoplastic polymer that resists hydrolysis and acid reactions, of a tenacious nature and that is a reliable material with a high melting point is called the sulfone polymer. Sulfone polymers are also resistant to degradation caused by steam or hot water. The highly efficient properties make this polymer suitable for use in high-end applications where precise tolerance with precise dimensions is required.
Browse details of 98 number of pages research report developed on Sulfone Polymers Market @ https://www.researchcosmos.com/reports/sulfone-polymers-market-by-product-and-application-global-industry-analysis-and-forecast-to-2023/91514442
Sulfone Polymers Market Growth Drivers and Restraints:
The high demand for sulfonated polymers in medical equipment such as autoclaving and steam sterilization due to high temperature resistance to hydrolysis without affecting the composition of the material is an important factor in growing demand for sulfone polymer in the market. The polymer is also used in the production of the membrane, which is widely used in the process of wastewater treatment and in human dialysis according to the number of pores. The strong demand of the automotive industry, which replaces the metal in the sulfone polymer to reduce the weight ratio and increase the performance and efficiency of the vehicle, is also a vital application responsible for the rapid growth of the global market.
Sulfonated polymers are used in a variety of manufacturing equipment, coatings, pipes and fuel supply systems due to their high temperature tolerance characteristics. The use of the sulfone polymer in the electronics industry due to its high flame retardancy and excellent electrical properties is the main factor responsible for the market growth. The increasing demand of several end users is another factor that drives the growth of the market. On the other hand, the high cost of the final product reduces the demand for sulfonated polymers, which can have a negative impact on market growth.
Geographic Insights of Sulfone Polymers Market:
Geographically, North America is dominating the global sulfone polymers market. Europe stands at second place in the market. Moreover, Asia Pacific is estimated to make a rapid growth in the market in future mainly owing to rising electronic industries in Japan, China, and other regions.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/sulfone-polymers-market-by-product-and-application-global-industry-analysis-and-forecast-to-2023/91514442
Key Market Players of Sulfone Polymers Market:
Some of the major players dominating the global market are BASF SE, Jinmen Youju New Materials Co., Quadrant AG Ltd., Solvay SA, Solvay Specialty Polymers USA, LLC, and Sumitomo Chemical Company Limited. Some other players of the market include Evonik Industries AG, GEHR GmbH, Infinity LTL Engineered Compounds, Ovation Polymers Inc., Polyone Corporation, RTP Company, Oxford Polymers, and Centroplast Engineering Plastics GmbH.
Sulfone Polymers Market Key Segmentation:
By Product:
• PSU
• PESU
• PPSU
By Application:
• Medical
• Automotive
• Aerospace
• Consumer Goods
• Electrical & Electronics
• Industrial
• Membrane
• Military
• Plumbing
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
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www.researchcosmos.com
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