Sellbyville, Delaware, Nov. 27, 2017 (GLOBE NEWSWIRE) --
Global Sulfone Polymers Market share will likely cross USD 2 billion by 2024; according to a new research report by Global Market Insights, Inc. Sulfone polymers’ demand is rapidly increasing in aerospace and automotive industries owing to their high-performance properties. These polymers offer higher stability and toughness while operating at higher temperatures. High strength, better flame resistance, thermal stability, and excellent retardancy to oxidation properties make them suitable for aerospace, and automotive applications. Thus, the market will be influenced positively and will further enhance the market growth over the coming years.
Changing trends like substitution of metal products with lightweight polymer materials in automotive, and aerospace applications will drive the global sulfone polymers market significantly. The product demand for sulfone polymer based aircraft, and automotive components is emphasizing the producers to manufacture more products significantly which will significantly propel the growth of global sulfone polymers market in the entire forecast timeline.
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The global sulfone polymers market is majorly restrained by the regulatory norms regarding the consumption of sulfone polymers in some particular industry verticlas. For instance, the usage of sulfone polymer based products in medical & food industries require many stages of government approval because of the presence of harmful chemical substances like bisphenol A. Hence to maintain the standard quality of food, regulatory bodies have implemented certain restrictions which will negatively impact the global sulfone polymers market over the next years.
Implementing new technologies and equipment inevitably require high maintenance cost which will challenging the product manufacturers from investing in sulfone polymers market. Further, substantial R&D costs involved in the development of advanced technologies will further decelerate this market soon.
Polyethersulfone segment will grow at a CAGR over 6.5% during the projected period. This product segment will witness a huge demand due to its incredible properties, and application extent over the coming years. The polysulfone product segment is found out to be the second fastest growing segment over the coming years. Regarding both volume, and revenue, the polyethersulfone segment have the major share, and dominates in the overall forecast period.
Browse key industry insights spread across 280 pages with 319 market data tables & 27 figures & charts from the report, “Sulfone Polymers Market Size Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/sulfone-polymers-market
The automotive application segment is the fastest growing application segment, growing at a CAGR close to 6.6%. Rising global transportation industry, and government initiatives for better transportation networks in developing countries will attribute to the global sulfone polymers market. Aerospace application segment is the second fastest growing in both volume, and revenue due to growing demand for lightweight aircraft components.
Medical application segment is having major volume consumption and is forecasted to grow over the coming years. Innovative application of these for manufacturing several medical equipment through design and technology modification is enabling their application in complex devices, in place of traditional materials that will significantly trigger sulfone polymer market demand.
Asia Pacific holds the significant market share in 2016 and will grow at CAGR of over 6.5% till the end of forecast period. Rising consumption in end-user industries, and rapid industrialization in the developing countries of this region will augment the market. Moreover, the Middle East & Africa and Latin America will moderately grow over the forecast timeframe.
North America is growing with a CAGR of over 6.2% during the forecast period. Sulfone polymers market in this region is growing due to increasing application in medical devices and automotive production. United States hold major market share and is one of the fastest growing region due to high automotive and aerospace production. Moreover, shift in consumption pattern of high performance polymers in several industries will propel market growth.
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Leading players present in the sulfone polymers market are Sino Polymer, Evonik, Infinity LTL, Sumitomo Corporation, SABIC, BASF SE, Ovation Polymers, Jiangmen, and others.
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Water Soluble Polymer Market Forecast, 2017 – 2024
Water Soluble Polymer Market Size was valued over USD 24 billion in 2016, and the industry will grow at a CAGR of upto 5.6% up to 2024. Water treatment industry is increasing at a significant rate, due to the increasing potable water demand in across all nations. It is further triggering the wastewater treatment demand across industrial, and municipal processes, which would require more products such as water soluble polymers.
https://www.gminsights.com/industry-analysis/water-soluble-polymer-market
Medical Polymers Market Forecast, 2016 – 2024
Medical Polymers Market size will exceed USD 24 billion by 2024 gaining the industry by CAGR close to 9%. Global medical polymers market will be positively affected by the continuously growing pharmaceutical device demand. Pervasiveness of cardiovascular issues, general medical conditions, infections, and other diseases, coupled with increasing development of medical treatments and procedures and increasing general awareness will propel the pharmaceutical device industry in the coming years.
https://www.gminsights.com/industry-analysis/medical-polymers-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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