Analysis of Sulfone Polymers Market by 2024

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Sulfone Polymers Market share by applications and
regions for 2017- 2024
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Global Market Scenario of Sulfone Polymers
Industry

• Sulfone Polymers Market will likely surpass USD 2
  billion by 2024 according to a new research
  report by Global Market Insights, Inc.
• Sulfone polymers demand is rapidly increasing in
  aerospace and automotive industries owing to
  their high-performance properties. These polymers
  offer higher stability and toughness while
  operating at higher temperatures.
• High strength, better flame resistance, thermal
  stability, and excellent retardancy to oxidation
  properties make them suitable for aerospace, and
  automotive applications. Thus, the market will be
  influenced positively and will further enhance
  the market growth over the coming years.
• Changing trends like substitution of metal
  products with lightweight polymer materials in
  automotive, and aerospace applications will drive
  the global sulfone polymers market significantly.
  The product demand for sulfone polymer based
  aircraft, and automotive components is
  emphasizing the producers to manufacture more
  products significantly which will significantly
  propel the growth of global sulfone polymers
  market in the entire forecast timeline.

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• The global sulfone polymers market is majorly
  restrained by the regulatory norms regarding the
  consumption of sulfone polymers in some
  particular industry verticlas. For instance, the
  usage of sulfone polymer based products in
  medical food industries require many stages of
  government approval because of the presence of
  harmful chemical substances like bisphenol A.
• Hence to maintain the standard quality of food,
  regulatory bodies have implemented certain
  restrictions which will negatively impact the
  global sulfone polymers market over the next
  years.

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360 Industry Analysis

• Polyethersulfone segment will grow at a CAGR over
  6.5 during the projected period. This product
  segment will witness a huge demand due to its
  incredible properties, and application extent
  over the coming years. The polysulfone product
  segment is found out to be the second fastest
  growing segment over the coming years. Regarding
  both volume, and revenue, the polyethersulfone
  segment have the major share, and dominates in
  the overall forecast period.
• The automotive application segment is the fastest
  growing application segment, growing at a CAGR
  close to 6.6. Rising global transportation
  industry, and government initiatives for better
  transportation networks in developing countries
  will attribute to the global sulfone polymers
  market.Aerospace application segment is the
  second fastest growing in both volume, and
  revenue due to growing demand for lightweight
  aircraft components.Medical application segment
  is having major volume consumption and is
  forecasted to grow over the coming years.
• Innovative application of these for manufacturing
  several medical equipment through design and
  technology modification is enabling their
  application in complex devices, in place of
  traditional materials that will significantly
  trigger sulfone polymer market demand.

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• Regional Analysis
• North America is growing with a CAGR of over 6.2
  during the forecast period. Sulfone polymers
  market in this region is growing due to
  increasing application in medical devices and
  automotive production. United States hold major
  market share and is one of the fastest growing
  region due to high automotive and aerospace
  production. Moreover, shift in consumption
  pattern of high performance polymers in several
  industries will propel market growth.
• Asia Pacific holds the significant market share
  in 2016 and will grow at CAGR of over 6.5 till
  the end of forecast period. Rising consumption in
  end-user industries, and rapid industrialization
  in the developing countries of this region will
  augment the market
•   Competitive Analysis
• Leading players present in the sulfone polymers
  market are Sino Polymer, Evonik, Infinity LTL,
  Sumitomo Corporation, SABIC, BASF SE, Ovation
  Polymers, Jiangmen, and others.

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