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Sulfone Polymers - Global Market Trajectory & Analytics

  • ID: 5140767
  • Report
  • February 2022
  • Region: Global
  • 319 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Avient Corporation
  • BASF SE
  • Evonik Industries AG
  • GEHR GmbH
  • Ovation Polymers Inc.
  • Sino Polymer Co, Ltd.

Global Sulfone Polymers Market to Reach $2.1 Billion by 2026


Sulfone polymers are transparent and rigid plastic materials that are resistant to heat even at over 204°C. Growth in the global market is set to be driven by increasing demand for these materials in a comprehensive spectrum of industries including electrical & electronics, aircraft, automotive, food and medical devices. These polymers continue to gain from increasing demand for advanced electronics in industrial and household products. The surging demand can be primarily attributed to their extraordinary flame-retardant characteristics. Based on their superior rigidity, corrosion resistance and toughness, sulfone polymers are finding increasing use on aircraft and automotive interiors. Demand for these polymers is bound to gain from expansion of the aviation sector and rising automotive production. In addition, sulfone polymers are fit for various applications in the food industry as a result of their low toxicity. These polymers are capable of retaining their physical properties when exposed to steam, making them a suitable candidate for the food packaging industry. Another prominent driver for the market is growing adoption of these polymers in production of various dental care, medical, and orthopedic devices. Consistently growing demand for medical equipment from healthcare facilities and hospitals is poised to create a favorable environment for sulfone polymers. The market growth is also augmented by rising adoption of these materials in production of fuel systems, coatings, pipes, fitting and composites owing to their excellent strength.

Amid the COVID-19 crisis, the global market for Sulfone Polymers estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2026, growing at a CAGR of 5.5% over the analysis period. Polysulfone (PSU), one of the segments analyzed in the report, is projected to grow at a 5.6% CAGR to reach US$837.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polyethersulfone (PESU) segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 30.6% share of the global Sulfone Polymers market. Polysulfone represents the largest type of sulfone polymers owing to the widespread usage of the material in multiple industries. Polysulfone is used in various applications such as dialysis filtration cartridges, pharmaceutical filter housing, surgical instrument cases and trays, transparent portion of anesthesia masks. Providers of aircraft interior parts and components employ polyethersulfone (PESU) for developing better products. These materials support advanced processing while reducing manufacturing costs and cycle time. Polyethersulfone reinforced with glass or carbon fibers finds use in components such as battery caps, oil control pistons, oil pumps, transmission parts, bearing cages and ignition components, and carburetor parts.



The U.S. Market is Estimated at $454.5 Million in 2021, While China is Forecast to Reach $290.7 Million by 2026


The Sulfone Polymers market in the U.S. is estimated at US$454.5 Million in the year 2021. The country currently accounts for a 28.11% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$290.7 Million in the year 2026 trailing a CAGR of 7.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR while Rest of European market (as defined in the study) will reach US$313.9 Million by the end of the analysis period. The US represents the largest market owing to the large aerospace and automotive industries in the region. Factors such as strong growth in end-use sectors due to widespread economic development, rapid urbanization and increase in consumer disposable incomes drive growth in the Asia-Pacific region.

Polyphenylsulfone (PPSU) Segment to Reach $429.4 Million by 2026


Polyphenylsulfone (PPSU) offers superior performance in applications where transparency is required. Polyphenylsulfone (PPSU) finds use in manufacture of filtration membrane, and electrical sockets and parts such as oil pumps, transmission oil control pistons, and bezels. It is also used as an alternative material in headlights capable of withstanding operating temperatures of 190-200 degree Celsius. In the global Polyphenylsulfone (PPSU) segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$244.4 Million in the year 2020 will reach a projected size of US$337.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$42.3 Million by the year 2026, while Latin America will expand at a 6% CAGR through the analysis period.

Select Competitors (Total 21 Featured) -

  • Americhem Engineered Compounds
  • Avient Corporation
  • BASF SE
  • Evonik Industries AG
  • GEHR GmbH
  • Ovation Polymers Inc.
  • Mitsubishi Chemical Advanced Materials
  • Sino Polymer Co, Ltd.
  • Solvay S.A.
  • Sumitomo Chemical Co., Ltd.
  • UJU New Material Co., LTD
Frequently Asked Questions about the Global Market for Sulfone Polymers

What is the estimated value of the Global Market for Sulfone Polymers?

The Global Market for Sulfone Polymers was estimated to be valued at $1.6 Billion in 2020.

What is the growth rate of the Global Market for Sulfone Polymers?

The growth rate of the Global Market for Sulfone Polymers is 4.6%, with an estimated value of $2.1 Billion by 2026.

What is the forecasted size of the Global Market for Sulfone Polymers?

The Global Market for Sulfone Polymers is estimated to be worth $2.1 Billion by 2026.

Who are the key companies in the Global Market for Sulfone Polymers?

Key companies in the Global Market for Sulfone Polymers include Americhem Engineered Compounds, Avient Corporation, BASF SE, Evonik Industries AG, GEHR GmbH, Ovation Polymers Inc., Mitsubishi Chemical Advanced Materials, Sino Polymer Co, Ltd. and Sumitomo Chemical Co., Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Avient Corporation
  • BASF SE
  • Evonik Industries AG
  • GEHR GmbH
  • Ovation Polymers Inc.
  • Sino Polymer Co, Ltd.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • COVID-19 Revives Interest in Plastics for Medical Industry
  • Slowdown in Major End-Use Markets Impacts Demand
  • Aerospace & Aviation
  • Global Aerospace & Aviation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Global Airline Industry: Number of Scheduled Passengers Boarded (in Million) for 2010-2020E
  • Automotive Industry
  • Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Electrical & Electronics Equipment
  • Global Electrical & Electronics Equipment Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Global Semiconductor Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Medical Equipment & Supplies
  • Global Medical Equipment & Supplies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Sulfone Polymers – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Sulfone Polymers: A Prelude
  • Types of Sulfone Polymers
  • Properties of Sulfone Polymers
  • Market Outlook
  • Emerging Markets to Propel Demand for Sulfone Polymers
  • Limitations & Superiority of Polysulfones over Other Options
  • Competition
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Lightweighting, Design Flexibility and Autoclavability Drives Adoption of Fulfone Ploymers in Medical Applications
  • Primary Healthcare Applications of Sulfone Polymers
  • Rise in Healthcare Expenditure to Drive Growth
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Efforts to Push Fuel Economy Ignite Sulfone Polymer Consumption in the Aviation Industry
  • Global Commercial Aircraft Fleet Size (in Units) by Aircraft Type for the Years 2019 and 2039
  • Global General Aviation Market: Revenue Share (in %) by Aircraft Type for 2019
  • Aging Aircraft Expand Opportunities
  • Average Age of Globally Operating Aircraft Fleet (in Years): (2020 & 2030)
  • Recovery in Automobile Sector to Buoy Growth Prospects
  • World Automobile Production in Million Units: 2008-2022
  • Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018, 2020 and 2022
  • Self-Driving Cars Promise Ample Opportunities for Specialty Polymers
  • Growth in Food Contact Applications Energizes Demand
  • Polysulfones Find Ideal Application in Food Service Sector
  • Sulfone Polymers Unlock Improved Prospects for Mobile Device Makers to Get Perfect Blend of Structural Integrity, Functionality & Aesthetics
  • Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
  • Rise in Application of Water and Waste Water Treatment Membranes Generates Demand
  • World Water Resources: Percentage Breakdown by Water Quality
  • Percentage of Contaminated Water in Drinking Water Supplies in Africa, Asia, and Latin America and Caribbean
  • Global Membrane Separation Market by Technology : 2020
  • Electrical and Electronics : A Major End-Use Market
  • Focus on Innovation Steers Growth
  • Additive Manufacturing Offers Panacea to Distressed Aviation Industry for Resurgence in Post-COVID-19 Era

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Sulfone Polymers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 21
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Americhem Engineered Compounds
  • Avient Corporation
  • BASF SE
  • Evonik Industries AG
  • GEHR GmbH
  • Ovation Polymers Inc.
  • Mitsubishi Chemical Advanced Materials
  • Sino Polymer Co, Ltd.
  • Solvay S.A.
  • Sumitomo Chemical Co., Ltd.
  • UJU New Material Co., LTD
Note: Product cover images may vary from those shown