The increasing demand for high-performance thermoplastics from various end use industries including medical devices, automotive, electrical & electronics, aerospace, etc. is driving the growth of polyarylsulfone market. Polyarylsulfone are thermally stable amorphous thermoplastic containing phenyl and biphenyl groups linked by ether and sulfone groups. Polyarylsulfones are resistant to high temperature, are dimensionally stable, has good impact strength and are solvent resistant, this makes Polyarylsulfones a popular choice for headlights & interior reflectors, fuse encapsulation, aircraft parts, pump impellors, and other application where dimensional stability at high temperatures is extremely important. Polyarylsulfones are preferred over metals & alloys due to their comparatively lighter weight and high temperature resistance. Besides automotive and electronics, polyarylsulfones have specialized applications in metrology, fuel cells and production of high performance membrane. The market for high temperature thermoplastics is vastly fragmented, but the ongoing product innovations are anticipated to create growth opportunities for polyarylsulfones over the forecast period.
Polyarylsulfone Market: Drivers and Restraints
Versatility of application as compared to other engineering plastics makes polyarylsulfone market opportunistic. The growth of polyarylsulfone market is primarily driven by demands from medical device, automotive and electrical & electronics industries. Polyarylsulfones product group comprises Polysulfone (PSU), Polyethersulfone (PESU), and Polyphenylsulfone (PPSU), all of these are relatively similar concerning their application industries, but are quite different from each other chemically. The ongoing product innovations has amplified use of polyarylsulfones in special applications for various sectors such as defense, aerospace, etc. PPSU and PSU are expected to create strong growth opportunity over the forecast period with their increasing use in military applications and fitting. However, despite steady growth in the past, uncertainty exists in the global polyarylsulfone market due to weak economic growth trends in major markets across the globe.
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Polyarylsulfone Market: Segmentation
The Global Polyarylsulfone Market is segmented as follows:
On the basis of type:
- Polysulfone
- Polyethersulfone
- Polyphenylsulfone
On the basis of application:
- Medical Devices
- Automotive
- Electrical & Electronics
- Aerospace
- Others (Defense, Household products, etc.)
Polyarylsulfone Market: Region-wise Outlook
The Global polyarylsulfone market has been segmented into seven key regions which includes North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. North America dominates the global polyarylsulfone market in terms of consumption with U.S. being the major contributor. The U.S. polyarylsulfone market is driven by high demands from medical and automotive industry. Europe is anticipated to be the second largest market in terms of consumption over the forecast period. Asia Pacific is expected to be the next big market for polyarylsulfone after Europe and is anticipated to be the fastest growing over the forecast period.
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Polyarylsulfone Market: Key Players
The Key players identified in the global polyarylsulfone Market are:
- BASF SE
- Solvay Chemical Company
- SABIC Innovative plastics
- Ensigner Inc.
- Sumitomo Chemicals
- Quadrant Engineering Plastics Product
- NYTEF Plastics Ltd.
- Polymer Dynamix
- Westlake Plastics Company