Sulfone Polymers Market Analysis

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.