Sulfone Polymers Market Applications, Regional Outlook & Forecast 2017-2024
The report by Global Market Inc. "Sulfone Polymers Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Italy, China, Australia, India, Japan, Indonesia, Argentina, Brazil, Saudi Arabia, UAE, Kuwait, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024"Sulfone Polymers Market is classified as polyethersulfone(PESU), polysulfone(PSU), and polyphenylsulphone(PPSU). As per applications, the market is segmented as consumer goods, electrical and electronics, aerospace, automotive, medical and industrial.
Global Sulfone Polymers Market size is anticipated to grow at a healthy rate during the forecast period. The polymer is mechanically tough and rigid, resistant to acid attacks and hydrolysis, and transparent in nature.
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Plastic compounding materials are majorly used in the automotive industry. Plastic components are preferred over metals in automobiles owing to their easy moldability, superior impact strength, scratch resistance, better aesthetics, light weight and recyclability. With the use of plastic components in the automobiles there is a weight saving of nearly 75% and 30% in cost savings of automobile components. These benefits offered by plastic components in vehicle manufacturing is expected to propel plastic compounding market during the forecast period.
Automotive industry is another crucial application of these polymers for its use in headlight bezels, optical reflectors, oil pumps, fog lamp housings, impellers and oil pistons. Sulfone polymers has its application in this industry owing to its low weight, high performance, and high transparency resistance properties. Mounting environmental awareness amongst people and the trend evolved amid automotive manufacturers of shifting towards low weight materials for better performance and fuel efficiency is anticipated to encourage the sulfone polymers market over the forecast period.
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Sulfone Polymers Market size & forecast by product & application.
Growth drivers, pitfalls & industry challenges.
Sulfone Polymers Market growth opportunities & emerging business models.
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Sulfone Polymers Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Sulfone Polymers Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Sulfone Polymers Product Insights
5. Sulfone Polymers Application Insights
6. Sulfone Polymers Regional Insights
7. Competitor Profiles-
Major companies in sulfone polymers market are Solvay Corporation, Sumitomo Corporation, PolyOne Corporation, BASF SE, Solvay, and Jiangmen Youju New Materials Co., Ltd. Amongst these Sumitomo, BASF and Solvay are the major producers of Japan, Europe and U.S. respectively. Industry consolidation trend is observed in the market as the major manufacturers are involved in mergers and acquisitions with mid-size and small companies to expand their footprint in the market.
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North America is forecast to be a major shareholder in terms of consumption between 2017 and 2024. U.S. is a considerable producer of sulfone polymer in the region. Demand of the product originates principally from food packaging industry and aviation sector. North America is anticipated to remain a dominant region in the global sulfone polymers market in the forecast timeframe. Europe is projected to expand at a reasonable pace in the forecast period owing to the ever-increasing automobile industry in this region. Asia Pacific is another region contributing significantly in the consumption of sulfone polymers.
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