Polyarylsulfone Market Size (2024 - 2029)

The polyarylsulfone market is experiencing growth, driven primarily by increasing demand from the automotive industry and its application in water treatment facilities. Despite challenges such as stringent regulations on raw materials and the impact of the COVID-19 pandemic, the market is on a recovery path. The Asia-Pacific region stands out as the largest and fastest-growing area, fueled by rising consumption in countries like China, India, Japan, and South Korea.

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Market Size of Polyarylsulfone Industry

Polyarylsulfone Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Polyarylsulfone Market Major Players

*Disclaimer: Major Players sorted in no particular order

Polyarylsulfone Market Analysis

The polyarylsulfone market is estimated at USD 2,251 million currently and is expected to reach USD 3,027 million over the forecast period, registering a CAGR of around 6% during the forecast period.

Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.

  • The major factor driving the market studied is the growing demand for polyarylsulfone from the automotive industry.
  • On the flip side, stringent regulations on the hazardous nature of raw materials and unfavorable conditions due to the COVID-19 outbreak are hindering market growth.
  • The growing demand for polyarylsulfone as a membrane in water treatment facilities is forecasted to offer various opportunities for market growth over the forecast period.
  • Asia-Pacific region represents the largest market and is expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, Japan, and South Korea.

Polyarylsulfone Industry Segmentation

Polyarylsulfones are a family of high-performance thermoplastics which contain an aryl-SO2-aryl subunit and are known for their toughness and stability at high temperatures. The amorphous high-temperature polymers of the polyarylsulfone family are characterized by extraordinary, inherent flame retardancy and high transparency. The polyarylsulfone market is segmented by type, end-user industry, and geography. The market is segmented by type into polysulfone, polyethersulfone, polyphenylsulfone, and polyethyleneimine. The end-user industry segments the market into automotive, aerospace, electronics, medical, mechanical, and other industries. The report also covers the market size and forecasts for polyarylsulfone in 17 countries across major regions. Each segment's market sizing and forecasts are based on revenue (USD million).

Type
Polysulfone(PSU)
Polyethersulfone(PESU)
Polyphenylsulfone(PPSU)
Polyethylenimine(PEI)
End-User Industry
Automotive
Aerospace
Electronics
Medical
Mechanical
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Polyarylsulfone Market Size Summary

The polyarylsulfone market is poised for significant growth, driven primarily by its increasing demand in the automotive industry. This material is valued for its high-performance characteristics, making it suitable for various applications, including vehicle electrics and transmissions. The market experienced a setback due to the COVID-19 pandemic, which disrupted manufacturing and supply chains, but has since rebounded. The Asia-Pacific region, particularly countries like China, India, Japan, and South Korea, is expected to lead the market's expansion, fueled by the region's robust automotive and aviation sectors. The growing use of polyarylsulfone as a membrane in water treatment facilities also presents new opportunities for market growth.

Despite the promising outlook, the market faces challenges such as stringent regulations concerning the hazardous nature of raw materials. However, the presence of major producers like BASF SE, Solvay, SABIC, Mitsubishi Chemical Advanced Materials, and Sumitomo Chemical Company in the Asia-Pacific region supports the market's growth trajectory. The region's dominance is further bolstered by its large automotive production base and the burgeoning electric vehicle market, particularly in China. As the demand for polyarylsulfone continues to rise, the market is expected to experience substantial growth over the forecast period, with the Asia-Pacific region leading the charge.

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Polyarylsulfone Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand of Polyarylsulfone from Automotive Industry

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Regulations on the Hazardous Nature of Raw Materials

      2. 1.2.2 Impact of COVID - 19

      3. 1.2.3 Other Restrains

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Polysulfone(PSU)

      2. 2.1.2 Polyethersulfone(PESU)

      3. 2.1.3 Polyphenylsulfone(PPSU)

      4. 2.1.4 Polyethylenimine(PEI)

    2. 2.2 End-User Industry

      1. 2.2.1 Automotive

      2. 2.2.2 Aerospace

      3. 2.2.3 Electronics

      4. 2.2.4 Medical

      5. 2.2.5 Mechanical

      6. 2.2.6 Others

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Polyarylsulfone Market Size FAQs

The Polyarylsulfone Market is projected to register a CAGR of less than 6% during the forecast period (2024-2029)

BASF SE , Solvay, SABIC, Mitsubishi Chemical Advanced Materials and Sumitomo Chemical Company are the major companies operating in the Polyarylsulfone Market.

Polyarylsulfone Market Report Snapshots

Polyarylsulfone Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)