Rising Demand for Sulfone Polymers in Key Industries: Market Projected to Grow at 6.2% CAGR
Friday, October 13, 2023
DUBLIN, Oct. 5, 2023 /PRNewswire/ -- The "Sulfone Polymers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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The global market for Sulfone Polymers, estimated at $1.7 billion in 2022, is projected to grow to a size of $2.7 billion by 2030, marking a CAGR of 6.2% during the analysis period from 2022 to 2030.
Polysulfone (PSU) and Polyethersulfone (PESU) are among the key segments analyzed in the report, with PSU projected to record a 6.2% CAGR, reaching $1 billion by the end of the analysis period, while PESU is estimated to grow at a 6.8% CAGR over the next 8 years.
Market Dynamics
Sulfone polymers are witnessing significant growth, driven by a range of applications across industries. This growth is attributed to their unique properties, including high-temperature resistance, chemical resistance, and mechanical strength. The increasing demand for these polymers in various sectors, such as automotive, electronics, and medical devices, is fueling market expansion.
Regional Insights
The U.S. market for Sulfone Polymers is estimated at $475.1 million in 2022. China, the world's second-largest economy, is forecast to reach a market size of $399.4 million by 2030, with an impressive CAGR of 8.3% during the analysis period. Other noteworthy markets include Japan and Canada, each projected to grow at 4.5% and 5.6%, respectively, from 2022 to 2030. Germany is also expected to grow at a 4.8% CAGR within Europe.
Key Players
The report features key competitors in the Sulfone Polymers market, including:
-- RTP Company
-- Westlake Plastics Company, Inc.
-- SABIC (Saudi Basic Industries Corporation)
-- LATI Industria Termoplastici SpA
-- Centroplast Engineering Plastics GmbH
-- Ovation Polymers, Inc.
-- Sino Polymer Co., Ltd.
-- Aquapharm Chemicals Pvt., Ltd.
Economic Outlook
The global economic outlook is showing signs of improvement, with recovery expected in the coming years. The United States has overcome the recession threat, while the Euro area is witnessing easing inflation, boosting real incomes and economic activity. China is expected to see strong GDP growth as the pandemic threat recedes and government policies evolve. India is on track to emerge as a trillion-dollar economy by 2030.
However, challenges persist, including uncertainty around the Ukraine conflict, ongoing inflation concerns, and high retail inflation impacting consumer confidence and spending. Governments are working to combat inflation by raising interest rates, potentially slowing new job creation. A stricter regulatory environment and the integration of climate change into economic decisions add to the complexity of challenges.
Despite these challenges, the rise of new technologies, including AI, machine learning, quantum technologies, and renewables, is expected to drive growth and value to global GDP in the coming years.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and trademarked research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
-- Impact of Covid-19 and a Looming Global Recession
-- World Economic Growth Projections (Real GDP, Annual % Change) for 2019,
2020 & 2021
-- Global PMI Index Points for the Years 2018, 2019 & 2020
-- COVID-19 Revives Interest in Plastics for Medical Industry
-- Slowdown in Major End-Use Markets Impacts Demand
-- Aerospace & Aviation
-- Global Aerospace & Aviation Market Reset & Trajectory - Growth Outlook
(In %) For Years 2019 Through 2025
-- Global Airline Industry: Number of Scheduled Passengers Boarded (in
Million) for 2010-2020E
-- Automotive Industry
-- Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For
Years 2019 Through 2025
-- Electrical & Electronics Equipment
-- Global Electrical & Electronics Equipment Market Reset & Trajectory -
Growth Outlook (In %) For Years 2019 Through 2025
-- Global Semiconductor Market Reset & Trajectory - Growth Outlook (In %)
For Years 2019 Through 2025
-- Medical Equipment & Supplies
-- Global Medical Equipment & Supplies Market Reset & Trajectory - Growth
Outlook (In %) For Years 2019 Through 2025
-- Sulfone Polymers - Global Key Competitors Percentage Market Share in
2022 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
-- 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
-- World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
-- Efforts to Push Fuel Economy Ignite Sulfone Polymer Consumption in the
Aviation Industry
-- Global Commercial Aircraft Fleet Size (in Units) by Aircraft Type for
the Years 2019 and 2039
-- Global General Aviation Market: Revenue Share (in %) by Aircraft Type
for 2019
-- Aging Aircraft Expand Opportunities
-- Average Age of Globally Operating Aircraft Fleet (in Years): (2020 &
2030)
-- Recovery in Automobile Sector to Buoy Growth Prospects
-- World Automobile Production in Million Units: 2008-2022
-- Global Electric Car Fleet Size (In Thousand Units) for the Years 2014,
2016, 2018, 2020 and 2022
-- Self-Driving Cars Promise Ample Opportunities for Specialty Polymers
-- Growth in Food Contact Applications Energizes Demand
-- Polysulfones Find Ideal Application in Food Service Sector
-- Sulfone Polymers Unlock Improved Prospects for Mobile Device Makers to
Get Perfect Blend of Structural Integrity, Functionality & Aesthetics
-- Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
-- Rise in Application of Water and Waste Water Treatment Membranes
Generates Demand
-- World Water Resources: Percentage Breakdown by Water Quality
-- Percentage of Contaminated Water in Drinking Water Supplies in Africa,
Asia, and Latin America and Caribbean
-- Global Membrane Separation Market by Technology : 2020
-- 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
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/py3zh6
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