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.
Authors:
Kiran Pulidindi
Frequently Asked Questions (FAQ) :
Sulfone polymers industry size was valued at USD 1.66 billion in 2020 and will grow at 4.9% CAGR through 2027 owing to the rising demand for electronic products and increasing construction activities.
Polysulfone polymers segment captured 35% of the industry share in 2020 and will grow due to benefits like transparency, good thermal stability, high chemical resistance, toughness & rigidness.
The market share of medical & healthcare segment is projected to grow at 5.6% CAGR through 2027 owing to the increasing use of the polymers in various medical components and devices.
Asia Pacific is poised to capture more than 45% of market share driven by increasing industrialization and urbanization in the region.