Sulfone Polymers Market Size By Product (Polyethersulfone, Polysulfone, and Polyphenylsulfone), By Sector (Consumer Goods, Electrical & Electronics, Aerospace, Automotive, Medical & Healthcare, Industrial, Food & Beverage), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

Sulfone Polymers Market Size

Sulfone Polymers Market size was USD 1.66 billion in 2020 and will grow at a CAGR of 4.9% from 2021 to 2027. Rising construction activities in the developing economies including India, China, the Philippines, Brazil, and South Africa are likely to escalate the demand for electronic products, thereby propelling the consumption of sulfone polymers. Moreover, surging demand for electric vehicles with rising awareness of GHG emissions across the globe will increase product demand in the automotive sector in the near future.
 

Sulfone polymers are high-heat plastics with a clear advantage. It is a type of thermoplastic polymer that possesses high strength and stability at high-temperature. Owing to its versatile properties it is widely used in a large number of end-user industries including food processing, automotive, aerospace, healthcare, and electronics, among others. Additionally, sulfone polymer is highly stiff, tough, and stable for a range of high-temperature applications. Its low point flammability, chemical resistance, and minimal smoke generation properties make it ideal for applications in aircraft interiors and automobiles.
 

Enhanced properties offered by sulfone polymers including increased toughness and dimensional stability at higher temperatures, high strength, high thermal stability, oxidation resistance, and excellent flame retardancy enable these materials to be used in automotive applications. Additionally, an increasing trend of replacing metals with low-weight engineering materials in the aerospace industry will provide a significant stimulus to the sulfone polymers market.
 

The increasing demand for optimum fuel consumption in aircraft is forcing product manufacturers to produce lightweight and durable products for innovative applications. For instance, BASF offers a PESU-grade reinforced with 30% carbon fibers, which is majorly used in the aviation industry due to its lightness and high-strength properties.
 

Stringent regulations pertaining to the use of sulfone polymers in some sectors are likely to hamper sulfone polymers market growth in the upcoming years. The utilization of sulfone polymers, especially in the aerospace and medical industries, requires approvals from many regulatory bodies. This factor will limit the usage of sulfone polymers in products that have higher food quality requirements such as baby bottles owing to the concerns regarding the leakage of bisphenol monomers in food products. However, a rapid surge in demand for sulfone polymers in the electrical & electronics sector will offer new growth opportunities to the industry.
 

Sulfone Polymers Market Analysis

Polysulfone (PSU) polymers dominated the product segment with close to 35% market share in 2020. PSU possesses excellent properties such as good thermal stability, transparency, toughness & rigidness, and high chemical resistance. Its wide applications in manufacturing different parts of electronics, automotive, medical devices, and aerospace are determined to drive the sulfone polymers market share.
 

Furthermore, PESU polymer is projected to grow at the highest CAGR owing to rising applications of this product in the automotive, medical, and aerospace sectors. Polyethersulfone, also known as engineering thermoplastic, consists of excellent high mechanical strength and durability. Good resistance properties make it suitable for X-ray, beta-ray, & gamma-ray that are widely used in medical industry applications.
 

Based on sector, the market has been categorized into consumer goods, electrical & electronics, aerospace, automotive, medical & healthcare, industrial, food & beverage, and others. The medical & healthcare segment held the largest market share and will exhibit a CAGR of over 5.6% by 2027.
 

Sulfone polymers, such as PPSU and PES, can be sterilized in a superheated steam and still retain its transparency & mechanical properties. Hence, they are utilized in the manufacturing of several medical components and devices such as membranes for dialyzers, sterilizing boxes, infusion equipment, instruments, parts for instruments, surgical theater luminaries, re-usable syringes, and secretion bottles. Therefore, strong growth in the healthcare sector will further boost the sulfone polymers market sales in the upcoming years.
 

Asia Pacific is likely hold over 45% demand share in 2027 on account of rapid industrialization and urbanization across the region. Growing end-user industries, such as industrial processing, transportation, and electrical & electronics, will trigger the sulfone polymers market demand. Additionally, China, India, and Japan have strong and well-performing aerospace and automotive sectors, which will boost the sulfone polymer demand in the region. As per the International Energy Agency, China leads the global electric vehicle sales, thereby widening the scope for sulfone polymer use in battery and other autobody components.
 

Sulfone Polymers Market Share

The sulfone polymers industry is moderately consolidated, and the key players involved in the industry are

• RTP Company
• Youju New Materials Co., Ltd.
• BASF SE
• SABIC
• Solvay S.A.
• Sumitomo Chemical Co., Ltd.
• Shandong Haoran Special Plastic Co., Ltd.
   

The sulfone polymers market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in square foot and revenue in USD million from 2017 to 2027 for the following segments:

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By Product

• PESU
• PSU
• PPSU
• Others (PEI, polyetherimide)

By Sector

• Consumer goods
• Electrical and electronics
• Aerospace
• Automotive
• Medical & healthcare
• Industrial
• Food & beverage
• Others

The above information is provided on a regional and country basis for the following:

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Thailand
  • Malaysia
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait