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Sulfone Polymer Market Predicted Double-Digit Growth Rate by 2024

A type of thermoplastic polymer which resists to hydrolysis and acidic reactions, tough in nature, and a reliable material with high melting point is termed as sulfone polymer.

 

Sarasota, FL -- (SBWIRE) -- 07/24/2017 -- A type of thermoplastic polymer which resists to hydrolysis and acidic reactions, tough in nature and a reliable material with high melting point is termed as sulfone polymer. Sulfone polymers are also resistive to degradation caused due to hot steam or water. The high efficient properties make this polymer eligible to be used in the high-end application where accurate tolerance is needed with precise dimensions.

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Sulfone polymers are segmented into various types such as polysulfone (PSU), polyphenylsulfone (PPSU), and polyethersulfone (PESU). Of which, polyethersulfone (PESU) is highly demanded in sulfone polymer market. On the basis of end-user, the global sulfone polymer market is segmented as automotive, aerospace, food and household sector, medical and filtration membranes.

High demand of sulfone polymers in medical equipment such as autoclave and steam sterilization due to high-temperature resistance and hydrolysis strength without affecting the composition of the material is a major factor rising the demand for sulfone polymers in the market. The polymer is also used in the production of the membrane which is widely utilized in the waste water treatment process and in human dialysis depending on the number of pores. High demand in the automobile industry as a replacement of metal into sulfone polymer in order to reduce the weight ratio as well as to increase the overall performance and efficiency of the vehicle is also a vital application responsible for rapid growth of the global sulfone polymer market. Sulfone polymers are used in various industry manufacturing equipment, coatings, pipes, and fuel distribution system due to its high-temperature tolerance characteristic. The use of sulfone polymer in electronics industry due to its high fire retardant property and excellent electrical property is the major factor responsible for the growth of the market. Constantly growing demand from various end-users is another factor fostering the growth of the market. On the other hand, the high cost of end-product is restraining the demand for sulfone polymers which may impact the growth of the market in a negative way.

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Geographically, North America is dominating the global sulfone polymers market. Europe stands at second place in the sulfone polymer market ranking. Moreover, Asia Pacific is estimated to make a rapid growth in the market in future mainly owing to rising electronic industries in Japan, China, and other regions.

Some of the major players dominating the global sulfide polymer market are BASF SE, Jinmen Youju New Materials Co., Quadrant AG Ltd., Solvay SA, Solvay Specialty Polymers USA, LLC, and Sumitomo Chemical Company Limited. Some other players of the market include Evonik Industries AG, GEHR GmbH, Infinity LTL Engineered Compounds, Ovation Polymers Inc., Polyone Corporation, RTP Company, Oxford Polymers, and Centroplast Engineering Plastics GmbH.

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Sulfone Polymer Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

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