Polysulfone Market By Type (Polyethersulfone, Polysulfone, Polyphenylenesulfone), By Grade (Food Grade, Industrial Grade, Medical Grade, Others), By Application (Membrane, Fuel Cells, Coatings, Injection Molding, Others), By End use industry (Electrical and Electronics, Consumer Goods, Transportation and Automotive, Healthcare, Food and Beverage, Water Treatment, Sanitary Equipment, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global polysulfone market was valued at $2.1 billion in 2021, and is projected to reach $3.4 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031.
Polysulfones have become popular since they are resistant to degradation from hot water and steam vanities often used in medical and food preparation applications where repeated sterilization is required. Polysulfone can be utilized as an alternative to polycarbonate or acrylic for application requiring high temperature performance and where there is exposure to water and steam.
The main characteristics of polysulfone are its strong semitransparent plastic, hydrolysis resistance when exposed to hot water or steam, strength, stiffness, can be used at higher temperatures than acrylic or polycarbonate, and mainly it is thermoformable. It is widely used in medical instrument components, manifolds, medical trays, and autoclavable instruments. Polysulfone Polycarbonates and acrylics offer similar strength and rigidity properties. However, although Polysulfones are inherently transparent, they often have a slight amber hue for purely optical application. Polycarbonates or acrylic have greater clarity and are often preferred over Polysulfones.
The polysulfone market is driven by several factors like polysulfone is widely used in medical applications such as surgical instruments, dialysis membranes, and medical device components. The demand for high-quality medical equipment and devices is increasing, which is driving the demand for polysulfone. Polysulfone is used in the automotive industry for applications such as fuel lines, coolant tanks, and oil filters. With the increasing demand for lightweight and fuel-efficient vehicles, the use of polysulfone in the automotive industry is growing. Additionally the development of advanced processing technologies such as extrusion, injection molding, and 3D printing is making it easier to manufacture parts and components from polysulfone. This is driving the adoption of polysulfone in a wider range of applications.
The polysulfone market is segmented into type, grade, application, end-use industry, and region. By type, the market is classified into polyethersulfone (PES), polysulfone (PSU), and polyphenylenesulfone (PPSU). By grade, the market is categorized into food grade, industrial grade, medical grade, and others. By end-use industry, the market is divided into electrical and electronics, consumer goods, transportation & automotive, healthcare, food & beverage, water treatment, sanitary equipment, and others. By healthcare, it is further fragmented into surgical instruments, dental instruments, hemodialysis, nebulizers, filtration, and others.
By application, the market is segregated into membranes, fuel cells, coatings, injection molding, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Some of the major companies that operate in the polysulfone market include Asahi Kasei Medical Co., Ltd. , BASF SE, Ensinger, PEXCO, Polymer Industries, RTP Company, SABIC, Solvay S.A., Toray Medical Co., Ltd., and Trident Plastics inc.Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the polysulfone market analysis from 2021 to 2031 to identify the prevailing polysulfone market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the polysulfone market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global polysulfone market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypePolyethersulfone
Polysulfone
Polyphenylenesulfone
By GradeFood Grade
Industrial Grade
Medical Grade
Others
By ApplicationMembrane
Fuel Cells
Coatings
Injection Molding
Others
By End use industryElectrical and Electronics
Consumer Goods
Transportation and Automotive
Healthcare
Food and Beverage
Water Treatment
Sanitary Equipment
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
TORAY MEDICAL CO., LTD.
Solvay S.A.
BASF SE
Polymer Industries
RTP Company
Trident Plastics inc.
PEXCO
Ensinger
SABIC
Asahi Kasei Medical Co., Ltd.
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