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2021
Polysulfone Market

Polysulfone Market: Global Opportunity Analysis and Industry Forecast, 2021–2028

A11470
Pages: NA
Dec 2021 | 207 Views
   
Author(s) : Eswara Prasad
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COVID-19

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Polysulfone Market Analysis 2021-2028

Polysulfone is a material which is a member of thermoplastic family, and is known for its stability and toughness in high temperature. It is used in place of polycarbonates due to its cost-effective property. It is highly meltable and can be used in temperature ranging from -100 to 200 °C. It is a transparent, highly strong and rigid material. Polysulfones are classified as high performance plastics that can be processed by hot forming, extrusion or injection molding. It has wide applications in electronics and fuel cells and is majorly used in manufacturing of filters of water purifiers.

Market Scope and Structure Analysis:

Report Metric

Details

  Market Size Available for Years

  2019–2028

  Base Year Considered

  2020

  Forecast Period

  2021–2028

  Forecast Units

  Value (USD)

  Segments Covered

  Type, Product, End Use Industry and Region

  Geographies Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Asahi Kasei Corp., Freudenberg, Toray Industries Inc., Sumitomo Chemical Co. Ltd, Entek International LLC, SK Innovation Co. Ltd, W-Scope Corp., Ube Industries Ltd, Mitsubishi Electric Corporation, and Thermo Fisher Scientific Inc.

 

COVID-19 Scenario Analysis:

The outbreak of the COVID-19 pandemic has severely affected the global polysulfone market.

  • The automobile sector is one of the biggest buyers of polysulfone, however, the pandemic has had a swift and severe impact on the global automobile industry and due to this, there is a major decline in the demand for polysulfone.
  • Prior to the COVID-19 pandemic, a passable growth in the electronics market was observed worldwide. But, due to the pandemic, the global electronics industry has faced a dual impact. Electronic parts manufacturing facilities have been suspended due to inflation and the unavailability of workers around the world. On the other hand, plastic industry dependent on electronic industry suffered with a sluggish growth due to COVID-19.
  • As a result of the global economic slowdown caused by the pandemic, the demand for electrical equipment in automobile, construction, and medical industry has declined. This has caused a decline in the demand for polysulfone in the electrical equipment segment.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Polysulfone market is rapidly growing day by day due to its wide applications in the food & beverage, automotive, electronics &electrical industries. In catering business, coffee machines, juice mixers, and grinders are made up of polysulfones. In automotive industry, polysulfone is used as the mixer in manufacturing of car headlights and in electronics & electrical industry; it is used for refrigerator parts, LED parts, washing machine parts and many others. Polysulfone has rigid, transparent, and high meltable property. Moreover, urbanization is another factor that boosts the growth of the polysulfone market, since the use of water purifiers has increased since the last two decades. Polysulfone is used as resistant in fuel and lubricant in the automotive industry. Rise in demand for polysulfone in the pharmaceutical sector across the globe is one of the key drivers that foster the market growth. Polysulfone is a high performance plastic and exhibits high permeability, high strength and resistance to infectants; hence, it is used in the manufacturing of some parts of X-ray machines, CT scan machines, and M.R.I. machines.

In terms of market share, North America dominates across the globe due to the advancement of technology in the medical and automotive industry. After North America, Europe captures the maximum share of polysulfone market. Germany is one of the major markets of polysulfone, due to high industrialization and existence of large number of automobile companies in the country.  

Key Segments Covered:

Segments

Sub-segments

  Type

  • Poly-ether-sulfone
  • Poly-phenyl-sulfone
  • Others

  Product

  • Polyethersulfone (PESU)
  • Polysulfone (PSU)
  • Polyphenylsulfone (PPSU)
  • Others (PEI, polyetherimide)

  End User Industry

  • Electrical and electronics
  • Aerospace
  • Automotive
  • Medical &Healthcare
  • Food &Beverage
  • Others


Key Benefits of the Report:

  • This study presents the analytical depiction of the global polysulfone industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global polysulfone market share.
  • The current market is quantitatively analyzed from 2019 to 2028 to highlight the global polysulfone market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
  • The report provides a detailed global polysulfone market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Polysulfone Market Research Report:

  • What are the leading market players active in the polysulfone market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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