Polyarylsulfone Resin Market is Forecasted to Reach US$ 1,453 Million in 2031, Says Stratview Research

The global polyarylsulfone resin market is projected to witness a growth rate of 5.4% annually from 2024 to 2031, with an anticipated size of US$ 1,453 million by 2031, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Polyarylsulfone Resin market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2031: US$ 1,453 million
Growth (CAGR): 5.4% during 2024-2031
Forecast Period: 2024-2031
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Polyarylsulfone Resin Market:

The global Polyarylsulfone Resin market is segmented based on Product type, End-Use type, Material type, and Region.

Based on product type - The market is segmented into sheets, membranes, compounds, and other product types. Membranes are expected to remain dominant due to their increasing use in medical equipment like dialysis membranes. Polyarylsulfone membranes are increasingly used due to their unparalleled blend of permeability, selectivity, and chemical resistance. From high-flux dialysis membranes and accurate gas separation modules to durable water and chemical filtration systems, PSU-based membranes provide key performance benefits.

Based on end-use type - The polyarylsulfone resin market is segmented into transportation, medical equipment, electrical & electronics, food & beverage, specialty chemicals, and other end-use industries. Medical equipment is expected to remain dominant due to its unrivaled biocompatibility and strength, which has led to its broad use in dialysis membranes and sterilizable parts.

Their resistance to autoclave sterilization and harsh cleaning chemicals guarantees a long lifespan in surgical instruments and fluid handling systems. Critical to this is their tunable membrane morphology, which provides high permeability and selective solute rejection. This is driving a revolution in polyarylsulfone?based dialysis membranes with improved clearance rates and less protein fouling.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

In terms of regions, the Asia-Pacific is expected to remain the largest market for polyarylsulfone polymers during the forecast period. The region leads the market owing to the presence of a high concentration of leading resin manufacturers, competitively priced capacity, and large-scale polymer processing units. The mass production of medical equipment, electronic cabinets, and motor vehicle parts in China, India, Japan, and Southeast Asia achieves stable capacity use.

Polyarylsulfone Resin Market Drivers:

Some of the key drivers listed in the report are given below.
• Increasing demand for sterilized parts in the medical industry: Polyarylsulfone's superior steam and chemical resistance is fueling its adoption in surgical instruments, filtration membranes, and biocompatible components.
• Reliability in polyarylsulfone electronics parts: PSU materials have become the choice of more and more customers for connectors and insulating parts when the thermal resistance and dielectric properties are critical.
• Automotive & Aerospace lightweighting: The need for lower weight, high-strength housings and structural pieces is forcing OEMs to replace metal with lightweight polymers like PESU and PPSU formulations.
• Increasing demand for water treatment membranes: Increasing urbanisation and industrialization are driving the uptake of PSU/PESU membranes for high-flux, chemical-resistance filtration for municipal and industrial water treatment programs.

Top Companies in the Polyarylsulfone Resin Market:
Stratview Research has identified the following companies as the top market players.
• Syensqo
• BASF
• Sumitomo Chemical Co., Ltd.
• Shenzhen Water New Materials Co., Ltd. (Water Shares)
• Guangdong Youju Advanced New Materials Co., Ltd.
• Shandong Haoran Special Plastic Co., Ltd.
• Kingfa Technology
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Polyarylsulfone Resin Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.