Market Size of Polyarylsulfone Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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 | |||||||
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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.
Polyarylsulfone Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand of Polyarylsulfone from Automotive Industry
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Stringent Regulations on the Hazardous Nature of Raw Materials
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1.2.2 Impact of COVID - 19
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1.2.3 Other Restrains
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Polysulfone(PSU)
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2.1.2 Polyethersulfone(PESU)
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2.1.3 Polyphenylsulfone(PPSU)
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2.1.4 Polyethylenimine(PEI)
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2.2 End-User Industry
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2.2.1 Automotive
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2.2.2 Aerospace
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2.2.3 Electronics
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2.2.4 Medical
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2.2.5 Mechanical
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2.2.6 Others
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Polyarylsulfone Market Size FAQs
What is the current Polyarylsulfone Market size?
The Polyarylsulfone Market is projected to register a CAGR of less than 6% during the forecast period (2024-2029)
Who are the key players in Polyarylsulfone Market?
BASF SE , Solvay, SABIC, Mitsubishi Chemical Advanced Materials and Sumitomo Chemical Company are the major companies operating in the Polyarylsulfone Market.
