NEW YORK, Sept. 3, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global polysulphone market size is estimated to grow by USD 674.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.41% during the forecast period. Increasing usage of electronics products is driving market growth, with a trend towards technological progress in material science. However, high production costs poses a challenge. Key market players include Applied Plastics, Asahi Kasei Corp., BASF SE, Ensinger, PEXCO, PolyClean Technologies Inc., Polymer Industries, RTP Co., Saudi Basic Industries Corp., Shandong Haoran Special Plastic Co. Ltd., Solvay SA, Sumitomo Chemical Co. Ltd., Toray Industries Inc., and W.R. Kershaw Inc..
Technavio has announced its latest market research report titled Global polysulphone market 2024-2028
Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report
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Polysulphone Market Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
– |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.41% |
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Market growth 2024-2028 |
USD 674.5 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023 (%) |
5.21 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 37% |
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Key countries |
US, China, India, Canada, Germany, and UK |
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Key companies profiled |
Applied Plastics, Asahi Kasei Corp., BASF SE, Ensinger, PEXCO, PolyClean Technologies Inc., Polymer Industries, RTP Co., Saudi Basic Industries Corp., Shandong Haoran Special Plastic Co. Ltd., Solvay SA, Sumitomo Chemical Co. Ltd., Toray Industries Inc., and W.R. Kershaw Inc. |
Market Driver
The Polysulfone market is experiencing steady growth due to its versatile applications in various industries. This high-performance plastic offers excellent thermal stability, chemical resistance, and mechanical strength. It is widely used in automotive, electrical, and electronics sectors for manufacturing fuel tanks, pipes, and electrical insulation materials. The market is driven by increasing demand for lightweight and durable materials in these industries. Polysulfone’s ability to withstand high temperatures and harsh chemicals makes it an ideal choice for numerous applications. Its demand is expected to continue growing due to its superior properties and expanding applications.
The Polysulfone market is experiencing significant growth, particularly in the medical subdivision. This thermoplastic polymer, also known as Polysulfone or Sulfone polymer family, is popular due to its ability to withstand hot water and steam. Polysulfone is a semi-transparent plastic, making it ideal for medical instrument components, manifolds, and medical trays. Its autoclavable properties make it suitable for use in autoclavable instruments, wires and cables, and motor-ray machines in the medical, electronics, automobile, aerospace, renewable energy, and consumer goods industries. Polysulfone’s high glass transition temperature makes it resistant to hydrolysis, ensuring durability in various applications. Injection molding, extrusion, and thermoforming are common manufacturing processes for Polysulfone. Applications include medical devices, food processing equipment, dialysis membranes, blood dialysis machines, personal protective equipment, and more. Polyethersulfone and Polyphenylenesulfone (PPSU) are other popular sulfone polymers used in similar applications. Polysulfone’s versatility and heat resistance make it a valuable material in various industries, from medical devices to automobile components, fuel economy, and consumer goods like coffee machines and juice mixer grinders.
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Market Challenges
The Polysulfone market is growing due to its high demand in various industries. Its excellent thermal stability and chemical resistance make it a preferred choice for manufacturing applications. Polysulfone offers superior performance in automotive, electrical, and electronics sectors. Its high strength-to-weight ratio and ability to withstand high temperatures make it an ideal material for industrial applications. Companies are investing in Polysulfone production to cater to the increasing market demand.
The Polysulfone market faces several challenges in various industries. In membranes, the main hurdles are the need for high robustness and inflexibility in ultrafiltration membranes. For fuel cells, the amorphous nature of Polysulfone poses challenges in molding and its hydrolytic and oxidative stability are crucial. In the consumer goods industry, including water treatment and sanitary equipment, Polysulfone’s high thermal stability and resistance to mineral acids and oxidizing agents are key. In the polymer industry, Polysulfone competes with Polyester and Polymer resins. In the manufacturing units of electrical components, gas separation, and oil & gas industries, Polysulfone’s resistance to hydrolysis, oxidation, and fuel is essential. Polysulfone’s role in smartphones, TVs, wires, and cables requires emollient resistance and fuel resistance. In the household industry, Polysulfone’s role in air filtration systems necessitates high thermal stability and resistance to oxidizing agents. In the medical industry, Polysulfone’s hydrolytic stability and oxidative stability are crucial for X-ray machines, dental products, orthopaedics, and implantable devices. Governmental initiatives and the automotive and transportation sectors present challenges due to the high cost of Polysulfone compared to other thermoplastic polymers.
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Segment Overview
This polysulphone market report extensively covers market segmentation by
Type
1.1 Polysulfone (PSU)
1.2 Polyethersulfone (PES)
1.3 Polyphenylene sulfone (PPSU)
Application
2.1 Aerospace and automotive components
2.2 Medical devices
2.3 Electronic components
2.4 Food and beverage processing equipment
2.5 Water filtration membranes
Geography
3.1 APAC
3.2 North America
3.3 Europe
3.4 Middle East and Africa
3.5 South America
1.1 Polysulfone (PSU)- The Polysulfone market is experiencing steady growth due to its versatile applications in various industries. This high-performance plastic offers excellent thermal stability, chemical resistance, and mechanical strength. It’s widely used in automotive, electrical, and electronics sectors. Polysulfone’s ability to withstand high temperatures and harsh chemicals makes it an ideal choice for manufacturing components in these industries. Its demand is expected to increase further with the growing trend towards lightweight and durable materials.
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Research Analysis
Polysulfone, a sulfone polymer, is a high-performance thermoplastic with a unique combination of properties. It belongs to the sulfone polymer family, known for its high robustness and amorphous nature. Polysulfone’s excellent hydrolytic stability and oxidative stability make it an ideal choice for various applications. Its high thermal stability allows it to resist oxidizing agents at high temperatures. Polysulfone can be processed using various methods, including injection molding, extrusion, thermoforming, and blow molding. Its inflexible nature makes it suitable for applications requiring high strength and rigidity. Polysulfone is a semi-transparent plastic, offering good clarity and making it an excellent choice for medical instrument components, manifolds, medical trays, and autoclavable instruments. It is also used in wires and cables, motor-ray machines, and other industries due to its resistance to hydrolysis and thermoformability.
Market Research Overview
Polysulfone, a thermoplastic polymer from the sulfone polymer family, is known for its high robustness and amorphous nature. It is widely used in various industries due to its hydrolytic and oxidative stability, high thermal stability, and resistance to oxidizing agents and mineral acids. Polysulfone is suitable for processing techniques like injection molding, extrusion, thermoforming, and blow molding. The medical industry is a significant consumer of polysulfone in the form of membranes for dialysis and blood dialysis machines, personal protective equipment, and medical devices such as implantable devices, orthopaedics, and dental products. Polysulfone is also used in the consumer goods industry for manufacturing household items, water treatment industry for sanitary equipment, and the automotive sector for fuel cells, coatings, and air filtration systems. Polysulfone is used in the electronics industry for manufacturing X-ray machines, decontamination equipment, and components for smartphones, TVs, wires, and cables. In the oil & gas industries, polysulfone is used for gas separation and in the renewable energy sector for superheated steam applications. Polysulfone’s high emollient resistance and fuel resistance make it an ideal choice for various applications. Polysulfone is available in various forms, including extrusion-grade polysulfone, membranes, and polyethersulfone (PES) and polyphenylenesulfone (PPSU). Polysulfone’s purification procedure involves the use of hydrolysis, making it thermoformable and suitable for manufacturing medical instrument components, manifolds, medical trays, and autoclavable instruments. Polysulfone is also used in the aerospace and automotive sectors, and in renewable energy applications.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Type
Polysulfone (PSU)
Polyethersulfone (PES)
Polyphenylene Sulfone (PPSU)
Application
Aerospace And Automotive Components
Medical Devices
Electronic Components
Food And Beverage Processing Equipment
Water Filtration Membranes
Geography
APAC
North America
Europe
Middle East And Africa
South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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SOURCE Technavio