This market research report presents a detailed segmentation of the global polyarylsulfone market by type (PSU, PEI, PESU, and PPSU) and by application (medical, automobile, electrical and electronics, and mechanical engineering). It provides a market share analysis of its key regions, including APAC, Europe, North America, and ROW. Key findings also include an analysis of the leading vendors such as BASF, Evonik, SABIC Innovative Plastics, Solvay Chemical, Sumitomo Chemicals, and Quadrant.
Technavio has released updated information on its new market research report, global polyarylsulfone market, which is expected to grow at a CAGR of around 6% between 2015 and 2019. The augmented demand for high-performance thermoplastics from the medical and automotive sectors is driving the growth of the polyarylsulfone market. North America is the highest contributing region to the global market, occupying 35% of the total market share. The US is the largest consumer of polyarylsulfones in this region. Much of the market growth comes from the rising demand from medical and aviation industries.
“Polyarylsulfones materials are increasingly being used in aircrafts because of their good flame-retardant properties. They are preferred over metals and alloys for manufacturing high-thermoplastic materials that can withstand higher temperatures and are light weight. This helps in reducing fuel burn and emissions, and increasing the overall energy efficiency of aircrafts,” says Sriram Mohan, Lead Analyst, Chemicals & Materials, Technavio Research.
Polysulfone (PSU) is the most extensively used polyarylsulfones, occupying around 36% of the total market share. PSU has maximum applications in the electrical and electronics market. It reduces the tendency and high dimensional stability of plastic, hence is used in latches for circuit breakers. PSU is also used in manufacturing fuel cell competent and housing parts, which are utilized in air humid-filters or in industrial batteries. It is also used in manufacturing slender and lightweight plastic displays.
Segmentation of global polyarylsulfone market by type 2019
Source: Technavio Research
The leading vendors in the global polyarylsulfone market are BASF, Evonik, SABIC Innovative Plastics, Solvay Chemical Company, Sumitomo Chemicals, and Quadrant. The market is moderately fragmented with a handful of suppliers. These players have a vast geographical presence with massive production facilities located worldwide. Providers in this market compete on the basis of price, innovation, quality and performance, and support services.
A more detailed analysis is available in the Technavio report, Global Polyarylsulfone Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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