Polysulfone Market Overview To The Future Opportunities will Reach $61 Bn by 2031

Allied Market Research has recently released a comprehensive report titled, "Polysulfone Market by Type (Polyethersulfone (PES), Polysulfone (PSU), Polyphenylenesulfone (PPSU)), by Grade (Food Grade, Industrial Grade, Medical Grade, Others), by Application (Membranes, Fuel Cells, Coatings, Injection Molding, Others), by End-User Industry (Electrical And Electronics, Consumer Goods, Transportation & Automotive, Healthcare, Food & Beverage, Water Treatment, Sanitary Equipment, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global polysulfone industry generated $2.1 billion in 2021, with an anticipated growth to $3.4 billion by 2031, exhibiting a Compound Annual Growth Rate (CAGR) of 5.1% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/11835

Prime Determinants of Growth:

The growth of the global polysulfone market is attributed to the exceptional properties of engineering polymers, such as high strength, moldability, and thermal stability. However, challenges like susceptibility to discoloration and brittleness under UV radiation and moisture degradation limit its use in outdoor applications. Despite these challenges, significant growth opportunities are expected in the healthcare and automotive industries, driven by the demand for environmentally friendly polymers, technological advancements, emerging applications in aerospace and electrical industries, and rising demand from developing economies.

Covid-19 Scenario:

The COVID-19 pandemic had a significant impact on the polysulfone market. Increased demand for medical equipment and packaging materials, coupled with accelerated research and development for innovative medical devices, drove the demand for polysulfone during the pandemic.

Market Segmentation

Type:
Polysulfone segment maintained leadership status, with over half of the market revenue in 2021.
Polyethersulfone segment expected to witness the fastest CAGR of 5.32% over the forecast period.

Grade:
Industrial grade segment held the highest market share in 2021 and is projected to maintain leadership status.
Medical grade segment expected to witness the fastest CAGR of 5.35% over the forecast period.

Application:
Injection molding segment maintained its lead position, contributing to over two-fifths of the market revenue in 2021.
Membrane segment expected to witness the fastest growth during the forecast period.

End-User Industry:
Transportation and automotive segment maintained its lead position, contributing to around two-fifths of the market revenue in 2021.

Electrical and electronics segment expected to witness the fastest CAGR of 5.76% throughout the forecast period.

Region:
North America held the highest market share in 2021 and is likely to dominate the market during the forecast period.
Asia-Pacific expected to portray the fastest CAGR of 5.34% during the forecast period.

Leading Market Players:

SOLVAY S.A.
BASF SE
SABIC
ENSINGER
POLYMER INDUSTRIES
RTP COMPANY
TRIDENT PLASTICS INC.
ASAHI KASEI MEDICAL CO., LTD.
TORAY MEDICAL CO., LTD.
PEXCO

The report provides a detailed analysis of these key players in the global polysulfone market, highlighting their strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and more to increase market share and maintain dominance in different regions.

Obtain Report Details: https://www.alliedmarketresearch.com/polysulfone-market-A11470

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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