Sulfone Polymers Market: Latest Trends,Analysis & Insights 2024
Browse Market Research Report @
Leading vendors are actively looking for enhancing their distribution channels through agreements with established distributors. The distribution agreement signed by Solvay Specialty Polymers with Biesterfeld Plastic GmbH in 2015 for the distribution of Solvay’s sulfone polymer grades in Scandanavia and Finland is a fine account of Solvay’s attempt to exploit this opportunity.
Transparency Market Research estimates that the global sulfone polymer market was valued at US$805.4 mn in 2015 and is projected to reach US$1,394.7 mn by 2024, expanding at a CAGR of 6.4% from 2016 to 2024. In terms of product types/grades of sulfone polymers, the PSU segment generated US$331.0 mn of sales, accounting for 41.1% of the market in 2015. The segment’s share is expected to decrease by 0.4% share by 2024. Geographically, the market in North America leads, accounting for a share of more than 39% in the overall market in 2015.
Demand across Medical Industry Continues to be Key Driving Force
The global market for sulfone polymers gains a significant share in its overall revenue from business across the medical industry. Being more wear- and corrosion-resistant as compared to their metal counterparts, a variety of biocompatible grades of sulfone polymers have started replacing metals in the manufacture of medical devices and implants. Thanks to the rapidly expanding base of geriatric population across a number of countries, the global demand for medical implants has significantly increased in the past few years. Over the forecast period, the vast rise in demand for sulfone polymers from the medical field is expected to be one of the most prominent drivers of the global sulfone polymers market.
Fill the form for an exclusive sample of this report @
Regulatory and Cost Constraints Could Impede Growth
The use of sulfone polymers across a number of applications requires the fulfilling of a large number of regulatory terms. This is especially a huge concern when the use of sulfone polymers in the fields of medical implants, medical devices, and aircrafts is considered. The delay in obtaining the required approvals could lead to delay in introducing new products in these industries.
The usage of sulfone polymers could also be limited by health regulatory bodies in food contact applications such as baby bottles, owing to the concerns regarding the leakage of bisphenol monomers into food products. Research studies have shown that these bisphenols can have endocrine system disrupting properties. As a result, the use of sulfone polymers in the food industry could witness a decline over the forecast period, hindering the overall growth prospects of the global market.
Moreover, the market’s growth is also constrained to a certain extent owing to the high costs involved in setting up new production facilities of sulfone polymers. This aspect has deterred many polymer companies from foraying into the market, resulting in a consolidated marketplace. The high cost of end products is compelling end-use industries to explore less expensive alternatives such as reinforced polypropylene, limiting the demand for sulfone polymers in the global market.
Get Request For Discount On This Report @
This review of the market is based on a recent market research report published by Transparency Market Research, titled “Sulfone Polymers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
For the study, the global sulfone polymers market has been segmented as follows:
Sulfone Polymers Market: Product Type Analysis
Sulfone Polymers Market: Application Analysis
Electrical & Electronics
Others (membrane, military, plumbing, etc)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Visit Blog : http://depthresearchreport.blogspot.in/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sulfone Polymers Market: Latest Trends,Analysis & Insights 2024 here
News-ID: 500773 • Views: 343
More Releases from Transparency Market Research
Dynamic Voltage Restorer Market Detailed Assessment Of The Growth Opportunities …
Global Dynamic Voltage Restorer Market: Overview With the ever-increasing demand for power, industries are increasingly deploying systems that ensure uninterrupted generation, transmission, and distribution of power to minimize their losses in terms of revenue, resources, and productivity. This is positively influencing the growth of the global dynamic voltage restorer market. Dynamic voltage restorers are principally accountable for offering reliable and cost effective protection against power fluctuations. They allow consumers to isolate
Sulphur Coated Urea Market Detailed Industry Scope, Future Market 2027
Sulphur Coated Urea Market: An Overview The sulphur coated urea market is poised to witness robust growth during 2018-2026. Sulphur coated urea is widely used in agriculture for reducing some of the harmful effects of fertilizers including crop burn. These release Nitrogen but in much smaller larger quantities. On average, they release about 32% or 41% of their body weight. The large granual surfaces of coatings was a major problem in
Ferrovanadium Market Insights On Emerging Scope Prophesy 2027
Global Ferrovanadium Market: Overview In the last 2 years, the global ferrovanadium market has witnesses a surge in price and some remarkable changes in global trade landscape. Price of ferrovanadium has doubled as compared to the price of 2017. Higher prices of ferrovanadium have led to increased demand for its substitutes. A blend of iron and vanadium, ferrovanadium finds abundant use in the assembly of steel. The components of ferrovanadium come
Silicon Carbide (SiC) Fibers Market Detailed Industry Scope, Future Market Size …
Global Silicon Carbide (SiC) Fibers Market: Overview The search for high-performance composites for various engineering applications has stimulated the rapid evolution of the silicon carbide (SiC) fibers market. Advances in ceramics composites industry has increasingly impacted the market's growth and will continue to do so. SiC fibers and their composites have emerged as robust candidates for researchers and industry players in high-temperature structural applications. SiC fibers use have gathered traction notably
More Releases for Polymers
Global Opaque Polymers Market
Global Opaque Polymers Market – Global Industry Analysis and Forecast (2017-2026) by Product, by Application and by Geography Global Opaque Polymers Market was valued at US$ 1.68 Billion in 2016 and is expected to reach US$ 4.66 Billion by 2026 at a CAGR of 10.74%. Opaque polymers are increasingly preferred for the development of coatings & paints acting as a key factor for growth of opaque polymer market. Growth is primarily being
Electroactive Polymers Market Insights, Forecast to 2025
This report researches the worldwide Electroactive Polymers market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Electroactive Polymers breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. Download
Smart Polymers Market Report, By Type (Physical Stimuli Responsive Polymers (The …
Smart polymers, also known stimulus-responsive polymers, has an ability to respond to very slight changes in the surrounding atmosphere. These polymers are biocompatible, strong, resilient, flexible and easy to sharpen & color. The responses of the smart polymers are manifested during variations in shape, surface characteristic, solubility, formation of an intricate molecular assembly, and other situations. The environmental trigger behind these transitions can be either alter in temperature, pH shift,
Innovations In Smart Polymers: Biological Stimuli-Responsive Polymers And Chemic …
Industry Highlights Smart polymers are forcing the healthcare researchers for developing novel drug delivery systems in the pharmaceutical sector whose significance is on the rise day by day as such polymers undergo large reversible, physical or chemical changes as compared to various minute changes under the normal environmental conditions such as pH, temperature, light & phase transition and, dual- stimuli. Smart polymers represent a promising way that can be utilized
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the
Global Water-Dispersible Polymers Market For Synthetic Polymer, Natural Polymers …
"The Latest Research Report United States Water-Dispersible Polymers Market Report 2017 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" About Water-Dispersible Polymers Market In this report, the United States Water-Dispersible Polymers market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically,