Global Polyarylsulfone Market
is expected to reach USD 2.36 billion by 2022, according to a new study by
Grand View Research, Inc. Growing demand for high performance engineering
plastics across automotive and construction industries is expected to drive global
polyarylsulfone market. Increasing medical and dental applications is also
expected to fuel polyarylsulfone demand. Superior properties including high
chemical and thermal resistance over conventional thermoplastics including
polycarbonate and polyamide have also helped in increasing its market
penetration. High price compared to other plastics is expected to remain a key
challenge for market participants.
Polysulfone (PSU) emerged as
the single largest product segment and accounted for 36.1% of total market
volume in 2014. Growing enhanced filtration needs in medical, food &
beverages and sanitary is expected to drive membranes demand which in turn is
expected to have a positive impact on the global polysulfone demand.
Polyphenylsulfone (PPSU) is expected to witness the highest growth of 9.1% from
2015 to 2022. Growing demand for high performance materials in medical industry
particularly in developed markets of North America and Europe is expected to
drive this segment over the forecast period.
In depth research report on Polyarylsulfone Market
Further key findings from the study suggest:
•
Global polyarylsulfone demand
was 63.3 kilo tons in 2014 and is expected to exceed 100 kilo tons by 2022,
growing at a CAGR of 6.0% from 2015 to 2022.
•
North America was the leading
regional market and accounted for 33.9% of total volume in 2014. Stable demand
for high performance thermoplastics across key end-use industries particularly
in the U.S. is expected to drive this region. Increasing healthcare expenditure
coupled with expanding automotive industry in Mexico is also expected to have a
positive influence on the regional market over the forecast period.
•
Asia Pacific is expected to witness
the highest growth of 7.1% from 2015 to 2022. Growth of key end-end use
industries such as automotive, aerospace and food & beverages coupled with
increasing healthcare expenditure in emerging markets of India, China and
Indonesia is expected drive the regional polyarylsulfone demand.
•
Global polyarylsulfone market
is highly consolidated on account of presence of established industry
participants. Some key companies operating in the global polyarylsulfone market
include BASF, Sumitomo Corporation, Ensinger Inc., Solvay, Quadrant Engineering
Plastics Product Inc. and Solvay.
For the purpose of this study,
Grand View Research has segmented the polyarylsulfone market on the basis of
product and region:
Global Polyarylsulfone Product Outlook (Volume, Tons;
Revenue, USD Million, 2012 - 2022)
•
Polyphenylsulfone (PPSU)
•
Polysulfone (PSU)
•
Polyetherimide (PEI) &
Polyethersulfone (PESU)
Global Polyarylsulfone Regional Outlook (Volume, Tons;
Revenue, USD Million, 2012 - 2020)
•
North America
•
U.S.
•
Europe
•
Germany
•
Italy
•
Asia Pacific
•
China
•
Japan
•
India
•
South Korea
•
Taiwan
•
Middle East & Africa
•
Central & South America
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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