Dublin, Sept. 08, 2023 (GLOBE NEWSWIRE) -- The "Polysulfone Market By Type, By Grade, By Application, By End use industry: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global polysulfone market witnessed a valuation of $2.1 billion in 2021 and is predicted to ascend to $3.4 billion by 2031, showcasing a robust Compound Annual Growth Rate (CAGR) of 5.1% from 2022 to 2031.
Harnessing the Power of Polysulfone
Polysulfones have gained traction due to their remarkable resistance to degradation from hot water and steam, making them ideal for medical and food preparation applications that necessitate repeated sterilization. Serving as an alternative to polycarbonate or acrylic, polysulfone finds its forte in high-temperature settings exposed to water and steam.
Defining Features
Key attributes of polysulfone encompass its robust semitransparent plastic composition, hydrolysis resistance in the presence of hot water or steam, strength, stiffness, high-temperature applicability exceeding acrylic or polycarbonate, and thermoplasticity. The medical sector extensively employs polysulfone for instrument components, manifolds, medical trays, and autoclavable instruments.
While polysulfones offer similar strength and rigidity as polycarbonates and acrylics, their inherent transparency may carry a faint amber hue, affecting purely optical uses. Polycarbonates or acrylics often outshine polysulfones in terms of clarity and preference.
Market Dynamics
The polysulfone market thrives on various factors, notably its widespread application in medical settings like surgical instruments, dialysis membranes, and medical device components. The rising demand for high-quality medical equipment fuels the demand for polysulfone.
Furthermore, polysulfone finds a niche in the automotive industry for applications such as fuel lines, coolant tanks, and oil filters. With the quest for lightweight, fuel-efficient vehicles on the rise, polysulfone usage in the automotive sector is expanding. The advent of advanced processing technologies such as extrusion, injection molding, and 3D printing is also facilitating polysulfone adoption across various applications.
Market Dynamics
Drivers:
- Lucrative use of polysulfone in the automobile sector
- Rise in demand from the pharmaceutical and medical industries
- Growing electronic sector spurring polysulfone use
Restraints:
- Health hazards from raw materials used in polysulfone production
Opportunities:
- Advanced technological developments
Key Benefits for Stakeholders
- Quantitative analysis of market segments, current trends, estimations, and dynamics from 2021 to 2031.
- Insights into key drivers, restraints, and opportunities.
- Porter's five forces analysis to bolster profit-oriented business decisions.
- In-depth analysis of polysulfone market segments to identify prevailing opportunities.
- Mapping of major countries by revenue contribution.
- Positioning analysis for benchmarking market players.
- Coverage of regional and global trends, key players, market segments, application areas, and growth strategies.
Key Market Segments
- 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
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.
For more information about this report visit https://www.researchandmarkets.com/r/eyl1l8
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
