Press release
Sulfone Polymers Market 2019-2024 | Key Players Specialty Polymers Incorporated, Sumitomo Corporation, PolyOne, BASF, Sino Polymer Co., Ltd., SABIC and Evonik
Sulfone Polymers Market
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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Global Sulfone Polymers will likely surpass USD 1.5 billion by 2024; according to a new research report. 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.
Governments are implementing certain regulations to control the applications of various types sulfone polymers in medical equipment and food packaging container and to reduce the risk of direct chemical exposure that may damage the human health. Further, their applications in the food packaging industry pass through strict inspection by various government food authorities to keep a track on any violation of rules by producers. Hence, the market is negatively impacted by these limitations whereas the development of any environmental alternative solution may disturb market growth.
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.
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Asia Pacific had the maximum market 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.
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.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Market 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product by end-user trends
2.1.3. End-user trends
2.1.4. Regional trends
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Chapter 3. Sulfone Polymers Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Raw material analysis
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. China
3.6. Pricing analysis
3.6.1. Regional pricing
3.7. Industry impact forces
3.7.1. Growth drivers
· Stringent regulation protecting and maintaining safety at workplace
3.7.2. Industry pitfalls & challenges
· High production costs and R&D investments
· Fluctuating raw material costs
3.8. Growth potential analysis
3.8.1. Cost structure analysis
3.9. Porter's analysis
3.10. Competitive landscape, 2016
3.10.1. Strategic dashboard
3.11. PESTEL analysis
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