Global Polysulfone Market Size study & Forecast, by Type (Polyethersulfone, Polysulfone, Polyphenylenesulfone), by Grade (Food Grade, Industrial Grade, Medical Grade, Others), by Application (Membrane, Fuel Cells, Coatings, Injection Molding, Others), by

Global Polysulfone Market Size study & Forecast, 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 User (Electrical and Electronics, Consumer Goods, Transportation and Automotive, Healthcare, Food and Beverage, Water Treatment, Sanitary Equipment, Others) and Regional Analysis, 2022-2029

Global Polysulfone Market is valued at approximately USD 2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.10% over the forecast period 2022-2029.
Polysulfone is a semi-transparent plastic material which has some better mechanical properties, and it is amber-colored with high temperatures. In food preparation and medicine, Polysulfone is often used and polysulfone cannot be degraded from hot steams and water.
The growth of Polysulfone Market is mainly driven by growing demand for the medical technology industry. Nowadays, there is a rising demand for thermoplastics with high performance which are used in the medical sector. As per Statista, the revenue in medical technology is estimated to show the growth rate of 4.91% per annum which will increase the demand for medical technology and thus polysulfone. The rising demand from emerging economies acts as the other driving factor for polysulfone market. Emerging economies such as Brazil, India and China act as the driving factor because there is urbanization and industrialization in these economies which leads to the growth of demand for polysulfone. According to the Development Centre of the Organization for Economic Co-operation and Development, the growth in investment and trade which led to growth in their share of the Global Trade Volume of emerging economies is 46% as of 2019. This growth will lead to an increase in demand for polysulfone. However, the high cost of high-performance engineering thermoplastic acts as a restraining factor for the polysulfone market. The adoption of polysulfone can be restricted and that too especially in industries which are cost-sensitive such as consumer electronics. According to a study by Statista, it has been found that around 50% of people are price sensitive while purchasing consumer electronics. This tendency of customers and the high cost of polysulfone restricts the growth of the market.
The growth of E-Commerce acts as an opportunity for the polysulfone market as it made it easy for people to buy consumer electronics as the increase in demand for consumer electronics leads to an increase in demand polysulfone market and the e-commerce also helped the producers to reach new markets and new consumers. As per International Trade Administration, the consumer goods in the retail sector had a total share of 18% in total global retail sales as of 2020 which presents an opportunity for consumer electronics and thus polysulfone market. The rising focus on sustainability is another opportunity for polysulfone market as it will lead to a rise in demand for environment-friendly products. This creates opportunities for the producers to make and deliver products that are sustainable and to market products which are made from recycled materials. As per the report by United Nations, the amount of e-waste generated in 2019 globally was 7.3 kgs per capita and out of this 1.7 kgs has been managed in an environment-friendly way. This shows that sustainable production will provide an opportunity for polysulfone market.

The key regions considered for the Global Polysulfone Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to reasons such as there is an increase in demand for polysulfone in the U.S. and Canada. Moreover, the U.S. is the major base to produce electronics worldwide and electronic products vary from TVs, wires, smartphones, and other devices which are there for personal use in the electronics segment, US has the highest growth which drives the growth polysulfone market. As per Statista, the growth rate of consumer electronics in the US is estimated to grow annually by 1.18% which creates an opportunity for polysulfone market. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to the factors such as the increase in demand for various industries such as transportation, electronics, and medicine. As per Asian Development Bank, the transport industry contributes around 5-10% of Gross Domestic Product and as per Statista, the total revenue in Public Transportation is estimated to reach USD 92.036 billion by 2023 which will ultimately create an opportunity for polysulfone market.

Major market player included in this report are:

SABIC Corporation
Asahi Kasei Medical Co. Ltd.
BASF SE
Polymer Industries
RTP Company
Trident Plastics Inc.
Celanese Corporation
TORAY MEDICAL CO. LTD.
Solvay S.A.
PEXCO LLC
Recent Developments in the Market:
In December 2019, Safran and Solvay who are involved in making polysulfone signed a partnership agreement for long term and agreement is signed for supplying polysulfone and other high-performance materials in the aerospace industry.
In January 2020, Celanese Corporation acquired a polymer powder business from Nouryon which thus includes polysulfone products.
Global Polysulfone Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Grade, Application, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:



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 User:
Electrical and Electronics
Consumer Goods
Transportation and Automotive
Healthcare
Food and Beverage
Water Treatment
Sanitary Equipment
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

SABIC Corporation
Asahi Kasei Medical Co. Ltd.
BASF SE
Polymer Industries
RTP Company
Trident Plastics Inc.
Celanese Corporation
TORAY MEDICAL CO. LTD.
Solvay S.A.
PEXCO LLC

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