Rising electronics & electrical industry, Globally is boosting demand for "polyethersulfone Market" 2018 - 2026 | Evonik Industries AG, du Pont de Nemours and Company, Westlake Plastics Company
Furthermore, PES resin is reinforced with carbon fibers, which is used in automotive components such as battery caps, oil control pistons, oil pumps, carburetor parts, transmission parts, ignition components, bearing cages, and others, thereby replacing thermoset and metal materials. In electronics, it is used as a dielectric capacitor. Moreover, PES membranes, which are membrane polymers, are used to eradicate salmonella, clostridia, yeast, and mammalian cells from liquids and helps in the reduction of mycoplasma in biotechnology industry.
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Key players in the Polyethersulfone Market
Key players operating in the market includes Solvay Specialty Polymers USA, Infinity LTL Engineered Compounds, Centroplast Engineering Plastics GmbH, SABIC Innovative Plastics US LLC, BASF SE, Sumitomo Chemical Company, Jiangmen Youju New Materials Co., Ltd, Evonik Industries AG, du Pont de Nemours and Company, Westlake Plastics Company, and Solvay SA.
Key players adopt various business strategies such as mergers & acquisitions, new product launches, and product development to strengthen their foothold in the market. For instance, in 2016, Solvay SA introduced first polyethersulfone polymer for utilization in medical devices. The projected applications of PES would be in monitoring & filtration devices, housings & internal structure components for medical diagnostic equipment. Moreover, it can be used in sight windows and quick connects in biopharma processing.
Polyethersulfone Market Regional Outlook
North America is expected to account for major share over the forecast period, owing to the presence of established automotive and auto parts manufacturers in the region, particularly Mexico. Rising production of auto parts in the economy may propel demand for polyethersulfone, as it is used in various auto parts and components such as oil pumps, ignition components, and bearing cages. According to the International Trade Administration (INA), the production of auto parts increased to around US$ 85 billion in 2015 from US$ 76.8 billion in 2013.
Furthermore, the increasing production of vehicles in Mexico may boost demand for auto parts, which in turn would result in increasing demand for polyethersulfone. According to the INA, in 2015, 3.4 million vehicles were produced in the Mexico. As per the Mexican Association of Automotive Industry, Mexico is estimated to produce 5 million vehicles by 2020.
Polyethersulfone Market Dynamics
Rising electronics & electrical industry, globally is boosting demand for polyethersulfone. PES is used in various electrical components such as coil formers, plug-in and socket connectors, transparent cover for signal lamps, lamp holders, chip tray, battery shields, lamp shields, sensors, chip carriers, TV components, and projector components. According to ZVEI (Germany’s Electrical Industry), in 2016, the global production in Electrical & Electronics industry was US$ 4,415.17 billion.
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Polyethersulfone Market Taxonomy
The global polyethersulfone market is segmented into:
• Water Treatment
• Electronics & Electrical
• Others (Aerospace and Military)
• North America
• South America
◦ Rest of South America
◦ Rest of Europe
• Asia Pacific
◦ South Korea
◦ Rest of Asia Pacific
• Middle East
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