Polyarylsulfone Market Growth Share Report, Trends Size, Industry Opportunities, Key Players, Demand, Future and Analysis Insight by Forecast 2023
Global Polyarylsulfone Market Information: by type (PSU, PESU, PPSU), end-use industry (healthcare, automotive, aerospace, water treatment, electrical & electronics), and region – Global forecast till 2023
Pune, India – February 27, 2019 /MarketersMedia/ —
Polyarylsulfone Market Overview:
Polyarylsulfone is a type of high-performance thermoplastic, exhibiting superior thermal stability over engineered and standard thermoplastics. It also possesses high impact strength & stiffness, low weight, transparency, low moisture absorption, good dimensional stability, good flame retardancy, high glass transition temperature, low coefficient of thermal expansion, chemical resistance, steam resistance, and abrasion & cracking resistance. The superior performance of high-performance thermoplastics over engineered and standard thermoplastics is projected to drive the global polyarylsulfone market and expected to show rising growth over the forecast period.
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Polyarylsulfone Market Key Players:
Some of the key players in the global polyarylsulfone market are Solvay SA (Belgium), BASF SE (Germany), Sumitomo Chemical Company. (Japan), SABIC (Saudi Arabia), Quadrant Plastic Composites AG (Switzerland), Polymer Industries (U.S.), Westlake Plastics Company (U.S.), Polymer Dynamix Llc (U.S.), Ensinger Inc. (U.S.), and RTP Company (U.S.).
Polyarylsulfone Market Segmentation:
The global Polyarylsulfone market is segmented by product type, end-user industry, and region.
On the basis of the product type, the global polyarylsulfone market is segmented into polysulfone (PSU), polyethersulfone (PESU), and polyphenylsulfone (PPSU). The PSU is accounted for a major market share in 2018 due to growing demand in different end-use industries on account of its low price compared to other types. However, PPSU is also expected to witness high demand over the forecast period due to its growing application in healthcare, aircraft interior, wire insulation, and household applications such as pipe fittings.
On the basis of the end-user industry, the global polyarylsulfone market is segmented into automotive, healthcare, aerospace, water treatment, electrical & electronics, and others. The healthcare is projected to be the largest market for polyarylsulfone due to a wide range of applications and high budget allocation for healthcare in North America and Asia Pacific country India.
Polyarylsulfone Market Regional Analysis:
The global polyarylsulfone market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
Asia Pacific is expected to be a major market for polyarylsulfone in terms of market size. China is the largest automobile industry and is expected to have a high demand for polyarylsulfone for automotive applications over the forecast period. Additionally, countries such as Japan, South Korea, and Taiwan having strong electrical & electronics industry base is expected to show strong demand for polyarylsulfone in electrical & electronics applications during the forecast period. Additionally, the high healthcare budget allocation in India’s ‘Union Budget-2018’ is expected to boost the growth of the healthcare industry. This is expected to affect the polyarylsulfone market positively over the forecast period. Furthermore, due to rapid industrialization and urbanization in emerging economies of Asia Pacific, high demand for water treatment facilities to treat the water problems is expected to boost the demand for polyarylsulfone over the forecast period.
North America is one of the major markets for polyarylsulfone and is expected to show a steady demand during the forecast period. Growing healthcare industry is expected to drive the growth of the polyarylsulfone market due to the high budget allocation for the healthcare sector. The electronics industry in the U.S. is also expected to show a high demand for polyarylsulfone in electronics applications. Furthermore, leading innovations in the aerospace industry of the region are further expected to boost the product demand to a large extent during the forecast period.
Polyarylsulfone Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Market Dynamics of Global Polyarylsulfone Market
Polyarylsulfone Market Table of Content to be Continue…….,
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