The global polyarylsulfone market is witnessing a significant growth owing to higher demand from electrical & electronics, medical devices, aerospace, automotive, and others.
Sarasota, FL -- (SBWIRE) -- 07/18/2017 -- Global Polyarylsulfone Market: Overview
Polyarylsulfone is an amorphous thermoplastic which consists of biphenyl and phenyl groups connected by the sulfone and ether groups; it is thermally stable in nature. They have features such as high-temperature resistance, good impact strength, and are dimensionally stable thus making it a better choice for fuse encapsulation, pump impellors, headlights & interior reflectors, aircraft parts, and other applications where the dimensional stability is more important at high temperatures. Polyarylsulfones are a better alternative to metals and alloys owing to high-temperature resistance and lighter weight nature. Polyarylsulfone have specialized applications in fuel cells, metrology, and in the production of the high-performance membrane.
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Global Polyarylsulfone Market: Growth Factors
The global polyarylsulfone market is witnessing a significant growth owing to higher demand from electrical & electronics, medical devices, aerospace, automotive, and others. Polyarylsulfone is more versatile as compared to other engineering plastics thus creating ample growth opportunities for the market to grow. Rising investments are being made in the research and development of different application sectors which anticipate driving the global market growth. Polysulfone and polyphenylsulfone are widely used in fitting and military applications this may give rise to the polyarylsulfone market growth. Constant product innovations, emerging technology, and other market strategies are influencing the market of polyarylsulfones strongly. However, sluggish economic growth in some regions across the world is expected to restrain the market growth.
Global Polyarylsulfone Market: Segmentation
The global polyarylsulfone market is segregated based on the application, type, and region. The application segment is bifurcated into automotive, defense, aerospace, medical devices, electrical & electronics, and others. On the basis of the type, the market is divided into polyphenylsulfone (PPSU), polysulfone (PSU), polyethersulfone (PESU), and polyetherimide (PEI). The polyphenylsulfone is the leading segment and it is widely used in aircraft interiors, medical & dental instruments, wire insulation, pipefittings & manifolds, and others. Region-wise, the breakdown of the global polyarylsulfone market includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Polyarylsulfone Market: Regional Analysis
North America is the major consumer of the polyarylsulfone hence it dominates the global market. The demand for polyarylsulfone is higher in the US and the expansion in the medical instrumentation and aerospace industries in the region is the major cause for fuelling the polyarylsulfone market. Europe emerges as a lucrative market for polyarylsulfone and this growth is expected to continue in the future. Asia Pacific is contributing for the largest market share after Europe which is positively strengthening the polyarylsulfone market. Rapid industrialization, population growth, and rising disposal income in the developing countries such as Taiwan, India, and China are encouraging the market growth in the near future. Central & South America show sluggish market growth which is soon expected to grow at a faster rate.
Global Polyarylsulfone Market: Competitive Players
Key market players in the global polyarylsulfone market include Nytef Plastics Ltd., Solvay, Sumitomo Corporation, BASF, and SABIC. Other influencing players include Ensinger Inc., Quadrant Engineering Plastics Product Inc., RTP Co., Polymer Dynamix, and Technical Polymer LLC.
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Global Polyarylsulfone Market: Regional Segment Analysis
The Middle East and Africa