Sulfone Polymers Market Analysis : TMR
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 automotive industry for use in optical reflectors, headlight bezels, fog lamp housings, oil pumps, oil pistons, and impellers. Increase in environmental awareness and shifting trend of automotive manufacturers toward low-weight materials for fuel efficiency and better performance are estimated to offer growth opportunities to the sulfone polymers market from 2016 to 2024.
Transparency Market Research states that the global sulfone polymers market was valued at US$805.4 mn in 2015 and is will rise to US$1,394.7 mn in 2024, exhibiting a CAGR of 6.4% between 2016 and 2024.
View Report @ http://www.transparencymarketresearch.com/sulfone-polymers-market.html
Applications across Automobile Industry to Continue to Gain Larger Share in Overall Market
In terms of applications, the report examines the various applications of sulfone polymer across applications in the medical, automotive, aerospace, consumer goods, electrical and electronics, and industrial sectors. Of these, the applications of sulfone polymer across the medical sector led to the most promising returns, accounting for nearly 24% of the overall market in 2015. The segment is anticipated to continue its dominance during the forecast period as well, chiefly owing to the continuous growth in the global medical industry and the availability of vast variety of medical grade sulfone polymer product varieties in the global market.
Share of segments such as automotive and aerospace are expected to exhibit moderate yet steady growth in the global market in the next few years owing to the stable rise in demand for lightweight and high-performance materials in these segments. Both the segments are expected to exhibit a nearly 6.5% CAGR over the period between 2016 and 2024.
Get accurate market forecast and analysis on the Sulfone Polymers Market Request a sample to stay abreast on the key trends impacting this market.
Sustainable Demand across Medical Industry to Keep North America and Europe in Dominant Positions
In terms of volume, North America held the dominant share of more than 39% in the global sulfone polymer market in 2015, in terms of revenue, and the trend is expected to remain strong in the next few years as well. However, the in North America, similar to the market in Europe, is projected to expand at a moderate pace during the forecast period, as the key end-use industries are well-established in these regions, with little scope for further expansion due to market stagnation.
Nevertheless, the rising medical industry in the regions is expected to drive the sulfone polymer market notably by the end of the forecast period. Resurgence of the automotive market in the U.S. and healthy growth of the medical devices market is also likely to provide momentum to the sulfone polymer market in North America and Europe.
However, the overall performance of the sulfone polymer market in North America and Europe regions is expected to be less promising than the Asia Pacific market over the period between 2016 and 2024. China is projected to be one of the key consumers of sulfone polymers in the region over the said period. Other countries such as Japan, South Korea, and India are also expected to be promising markets for sulfone during the forecast period. High demand for sulfone polymers in the production of automotive, electrical and electronic components, and rise in demand for sulfone polymers in membrane manufacturing are expected to be the key factors propelling the sulfone polymers market in Asia Pacific.
In the highly consolidated market for sulfone polymers, some of the key players are BASF SE, Solvay S.A., Sumitomo Chemical Co., Ltd., and Sabic.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
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 Analysis : TMR here
News-ID: 699141 • Views: 558
More Releases from TMR
Chlorothalonil Market - Global Industry Analysis, Size, Share, Growth, Trends, a …
Chlorothalonil “Demand of Sustainable Agriculture” Agricultural sector is satisfying the need of the world by supplying food. It is one of the prominent sectors in the world. Chlorothalonil is a non-systematic fungicide and pesticide used to spray on crops to prevent them from disease and maintain their healthy life furthermore chlorothalonil is used as wood protectant to prevent the wood from decay due to which chlorothalonil is largely used in furniture
Ytterbium Fluoride Market - Global Industry Analysis, Size, Share, Growth, Trend …
Shifting Industries Preference Towards Specialty Chemicals Chemical industry has been major source of inventions from past half a decade where different types of chemicals are tested, tried and verified for future applications. Industrial application of chemicals such as ytterbium fluoride will likely to increase demand in near future. Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6551 The major driving factor which proved to encourage use of ytterbium fluoride chemical as its usage in
Itaconic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and …
Itaconic Acid Market: Introduction & Definition Itaconic acid is a bio based product, also identified as methyl succinic acid, it is first obtained by distillation of citric acid that is an organic compound which is used for the production of acrylate latexes and acrylonitrile butadiene. The market of Itaconic acid is niche in nature owing to its limited consumption in various end use industries on account of availability of large number
Oleochemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and …
Oleochemicals are obtained from various plant and animal fats. Various sources of oleochemicals includes natural raw materials such as, castor oil, soybean oil, vegetable, petrochemical feedstock and also from animal oils & fats. Oleochemicals are witnessed to gain popularity as they can act a substitute for the petroleum-derived products. The growing environment concerns can be a prominent factor for the adoption of biodegradable chemicals, which intends to fuel the growth
More Releases for North
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
North American Surgical Gowns Market
The North American Surgical Gowns Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. The global surgical apparels market is growing at a significant rate due to increasing number of surgeries, and technological advancement in the field. Some of the surgical apparels available
Web Design in North London
Darcy Developments has moved to the West Hampstead area of North London. Originally based in Manchester and building up a strong client base there, including the exclusive Manchester Grammar School, they have decided to up shop and make the move to the big city. They specialise in Web Design, with an emphasis on clean, simple layouts with a strong message associated with it. They also provide ecommerce solutions such as Paypal integration
The Jewel of the North
It is fair to say that Blackpool is a well known holiday destination not only in the UK and Ireland but also around the world, and is known as ‘The Jewel of the North’, or some refer to Blackpool as the ‘playground of the North, or even ‘Britain’s Las Vegas’. This ‘Jewel’ has much to offer the tourist, it is a very traditional English Victorian seaside town, boasting many attractions, such
LTC North India Tour Packages
LTC TOURS is one of well known travel tour operator among the tourist from all over the world, touring India, Thailand, Malaysia & Singapore, Srilanka, Dubai, London, Paris and more. Our one of the tour package is LTC North India Tour Packages in which we are exploring the complete beauty of North India like Delhi, Rajasthan, Bikaner, and Jaisalmer. In LTC North India Tour Packages, we cover Rajasthan culture, heritage, forts
ClickCulture Promotes North Carolina Worldwide
Race Team Sponsorship Includes North Carolina Flag Vehicle Wrap RALEIGH, N.C. (June 8, 2009)—ClickCulture Inc. (clickculture.com), a Raleigh-based Web technologies, design and integrated marketing firm, announces today its sponsorship of Creation Autosportif (creationsport.net). The sponsorship includes the North Carolina state flag graphically wrapped on Creation's Le Mans race car. The newly wrapped car will debut at the 77th running of the Le Mans 24 Hour race, held June 13 and 14