Sulfone Polymers Market Size

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.

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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.