Global Sulfone Polymers Market Report 2021 - Lightweighting, Design Flexibility and Autoclavability Drives Adoption of Fulfone Ploymers in Medical Applications - ResearchAndMarkets.com
The "Sulfone Polymers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The "Sulfone Polymers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Sulfone Polymers Market to Reach US$ 2.3 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Sulfone Polymers estimated at US$ 1.6 Billion in the year 2020, is projected to reach a revised size of US$ 2.3 Billion by 2027, growing at a CAGR of 5.5% over the analysis period 2020-2027.
Polysulfone (PSU), one of the segments analyzed in the report, is projected to grow at a 5.6% CAGR to reach US$ 837.5 Million by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polyethersulfone (pesu) segment is readjusted to a revised 6.1% CAGR for the next 7-year period. This segment currently accounts for a 30.6% share of the global Sulfone Polymers market.
The U.S. Accounts for Over 28.1% of Global Market Size in 2020, While China is Forecast to Grow at a 7.6% CAGR for the Period of 2020-2027
The Sulfone Polymers market in the U.S. is estimated at US$ 437.4 Million in the year 2020. The country currently accounts for a 28.11% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$ 313.9 Million in the year 2027 trailing a CAGR of 7.6% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR while Rest of European market (as defined in the study) will reach US$ 313.9 Million by the year 2027.
Polyphenylsulfone (PPSU) Segment Corners a 20.6% Share in 2020
In the global Polyphenylsulfone (PPSU) segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 244.4 Million in the year 2020 will reach a projected size of US$ 337.2 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 214 Million by the year 2027, while Latin America will expand at a 6% CAGR through the analysis period.
The 293-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Select Competitors (Total 21 Featured):
- Americhem, Inc.
- BASF SE
- Evonik Industries AG
- GEHR GmbH
- Ovation Polymers, Inc.
- PolyOne Corporation
- SABIC (Saudi Basic Industries Corporation)
- Sino Polymer Co., Ltd.
- Specialty Polymers, Inc.
- Sumitomo Corporation
- UJU New Material Co., Ltd.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Revives Interest in Plastics for Medical Industry
- Slowdown in Major End-Use Markets Impacts Demand
- Aerospace & Aviation
- Automotive Industry
- Electrical & Electronics Equipment
- Medical Equipment & Supplies
- Sulfone Polymers: A Prelude
- Types of Sulfone Polymers
- Properties of Sulfone Polymers
- Market Outlook
- Emerging Markets to Propel Demand for Sulfone Polymers
- Limitations & Superiority of Polysulfones over Other Options
- Competition
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Lightweighting, Design Flexibility and Autoclavability Drives Adoption of Fulfone Ploymers in Medical Applications
- Primary Healthcare Applications of Sulfone Polymers
- Rise in Healthcare Expenditure to Drive Growth
- Efforts to Push Fuel Economy Ignite Sulfone Polymer Consumption in the Aviation Industry
- Aging Aircraft Expand Opportunities
- Recovery in Automobile Sector to Buoy Growth Prospects
- Self-Driving Cars Promise Ample Opportunities for Specialty Polymers
- Growth in Food Contact Applications Energizes Demand
- Expanding Food Service Sector Benefits Demand for Polysulfones
- Sulfone Polymers Unlock Improved Prospects for Mobile Device Makers to Get Perfect Blend of Structural Integrity, Functionality & Aesthetics
- Rise in Application of Water and Waste Water Treatment Membranes Generates Demand
- Electrical and Electronics : A Major End-Use Market
- Focus on Innovation Steers Growth
- Additive Manufacturing Offers Panacea to Distressed Aviation Industry for Resurgence in Post-COVID-19 Era
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- CANADA
- JAPAN
- CHINA
- EUROPE
- FRANCE
- GERMANY
- ITALY
- UNITED KINGDOM
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA-PACIFIC
- AUSTRALIA
- INDIA
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- ARGENTINA
- BRAZIL
- MEXICO
- REST OF LATIN AMERICA
- MIDDLE EAST
- AFRICA
IV. COMPETITION
- Total Companies Profiled: 49
For more information about this report visit https://www.researchandmarkets.com/r/9z3zzd
View source version on businesswire.com: https://www.businesswire.com/news/home/20210610005689/en/