The global polyarylsulfone market is expected to grow at a CAGR of 8.2% during the period 2022-2032. The market is expected to reach a valuation of US$ 4.62 billion by 2032, and as on 2022, the market is anticipated to be valued at US$ 2.1 billion.
| Attributes | Value |
|---|---|
| Polyarylsulfone Market Value (2022) | US$ 2.1 billion |
| Polyarylsulfone Market Forecast Value (2032) | US$ 4.62 billion |
| Polyarylsulfone Market Expected CAGR (2022 to 2032) | 8.2% |
Due to their many beneficial characteristics, including great stability and sturdiness at high temperatures, these thermoplastics are becoming increasingly popular. In addition, they are solvent resistant, lightweight, and dimensionally stable. Due to the existence of all these qualities, polyarylsulfones are being used more frequently than their alternative counterparts, such as metals and compounds.
The chemical and electrical properties of polyarylsulfone (PAS), which include excellent chemical resistance and high dielectric strength, are outstanding. The application of PAS is expanding, especially in the water treatment and automotive industries, thanks to its remarkable resistance to hydrolysis and frequent sterilization.
The increasing demand for high-performance thermoplastics from various end use industries including medical devices, automotive, electrical & electronics, aerospace, etc. is driving the growth of polyarylsulfone market. Polyarylsulfone are thermally stable amorphous thermoplastic containing phenyl and biphenyl groups linked by ether and sulfone groups.
Polyarylsulfones are resistant to high temperature, are dimensionally stable, has good impact strength and are solvent resistant, this makes Polyarylsulfones a popular choice for headlights & interior reflectors, fuse encapsulation, aircraft parts, pump impellors, and other application where dimensional stability at high temperatures is extremely important.
Polyarylsulfones are preferred over metals & alloys due to their comparatively lighter weight and high temperature resistance. Besides automotive and electronics, polyarylsulfones have specialized applications in metrology, fuel cells and production of high performance membrane. The market for high temperature thermoplastics is vastly fragmented, but the ongoing product innovations are anticipated to create growth opportunities for polyarylsulfones over the forecast period.
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Polyarylsulfone is extensively used in automobile and electronics sector owing to its strong chemical and electrical properties. Therefore, a surging automotive industry is expected to increase the demand for polyarylsulfone.
The polyarylsulfone (PAS) is also used for water treatment, and is known for providing excellent resistance to hydrolysis and repeated sterilization.
Furthermore, the polysulfone is being used for chemical filtration processes, which include reverse osmosis system and ultrafiltration processes. This might well increase the sales of polyarylsulfone.
Moreover, PAS is also used extensively in the beverage industry for purifying juices, corn syrups, wines and lactose as well.
Apart from that, there is also a huge demand for PAS in the construction industry. These are mainly utilized for plumb fittings.
Furthermore, the manufacturers have started adopting more of PAS over metals and alloys due to their light weight and high temperature resistance.
Massive market for electricals presents huge opportunity in front of the polyarylsulfone market. The electricals market holds a massive valuation of US$ 535 billion, which reflects huge prospect for the market of polyarylsulfone.
Apart from that, a massive aerospace industry as well shows huge opportunity for the market. Currently, the aerospace market is valued at US$ 321 billion, and is expected to show decent growth rate in the coming years.
One of the key factors challenging the market growth of PAS are the stringent regulations. This is owing to the fact that during the production of PAS, the manufacturers make use of Bisphenol A, which is known to pose threats on human health.
Apart from that, the countries across the globe have been facing supply chain issues. Owing to this, the manufacturers have been facing difficulty in producing PAS, which might hinder the market growth considerably.
On the basis of type, the polyethersulfone segment currently has the largest market share. The end users are mainly backing the high strength, the electrical properties, and the dimensional stability that are being offered by the polyarylethersulfone.
Based on the regional analysis, North America is expected to be the largest market during the forecast period. Rapid technological advancements in all the sectors which depend on the polyarylsulfone is expected to drive the market growth. Apart from that, the key players in the region are investing on the Research and Development aspect of polyarylsulfone.
The USA had the market share of more than 56% in the North American region. The OEM manufacturers based out in the region are focusing on upgrading the existing models. This has consequently led to players across niches making heavy investments on polyarylsulfone.
North America is followed by Asia-Pacific. Rising disposable income, coupled with massive investments being made in the automobile sector is expected to propel the market growth. Apart from that, being a huge electronics market is also expected to surge the market growth in Asia-Pacific.
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In addition to being impermeable and resistant to disinfectants, cleaning solutions, and various solvents, polyarylsulfone has a decreased water absorption rate. It is also clearer, sturdy, and rigid, and can resist more than 1,000 rounds of steam sterilization without losing any of its qualities. It also provides greater electrical insulation. The usage of polyarylsulfone in a variety of medical applications, including X-ray machines, dental applications, orthotics, sterilization cases and trays, single-use equipment, hemodialysis membranes, and implantable devices, has expanded as a result of these and other advantages. The market for polyarylsulfones around the world is expanding as a result of these causes.
The high cost of polyarylsulfone in contrast to conventional engineered thermoplastics and regular thermoplastics is anticipated to restrain the market's expansion. Furthermore, it is anticipated that processing challenges associated with high-performance thermoplastics may partially restrain expansion.
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Demand for membranes in the global polyarylsulfone (PAS) market is regarded as a key market driver. All end-use sectors are being driven by the medical sector in terms of membrane demand, which is expected to increase the need for polyarylsulfone globally over the forecast period. Membranes are helpful in blood filtration systems in the medical field.
Membranes are used in the food and beverage sector for improved and high-quality filtration. The demand for advanced filtration is being driven by shifting consumer demands for high-quality and hygienic products, which is in turn driving up PSU demand in the membrane manufacturing industry. PAS is extensively used in the beverage sector to produce juices and wine, and in the food industry for the manufacture of a variety of cereals, including corn and dairy products. Additionally, strict emission rules and ongoing environmental issues are driving up the need for membranes in the industry by boosting the requirement for wastewater treatment.
Rising mining activity is a significant driver behind the growth of the global polyacrylamide (PAS) market. Polyacrylamide is used to flocculate the wastewater generated by mining operations. The growth of the mining sector is predicted to propel demand for polyacrylamide.
Polyacrylamide is frequently used in mining processing and mineral treatment in order to recover minerals from mineral ore. Additionally, flocculants are used to treat the effluent from mineral processing that is produced by the mining channels throughout the mining process.
Due to its characteristics, polyarylsulfone is predicted to replace thermosets, metals, and glass. Additionally, PAS possesses remarkable chemical and electrical qualities, including better chemical resistance and dielectric strength, as well as strong dimensional stability, superb transparency, and other characteristics. They can also offer improved resistance to repeated sterilization and hydrolysis.
Due to its great thermal distortion temperature and superior lubricant and fuel resistance, polyarylsulfone is frequently used in the automotive sector for oil pumps, reflectors, connectors, oil control pistons, bezels, transmission components, housings, and flapper valves. Additional advantages over thermosets for the automotive application field include considerable design freedom for smaller car lighting and the capacity for direct metal plating.
During the projected period, the Asia Pacific region is anticipated to lead the polyarylsulfone market. The demand for polyarylsulfone in this region is anticipated to increase as a result of the automotive and aviation industries in growing nations like China, Japan, and India.
In the Asia Pacific region, polyarylsulfone is produced in large quantities. The top producers of polyarylsulfone are, among others, BASF SE, Solvay, SABIC, Mitsubishi Chemical Advanced Materials, and Sumitomo Chemical Company.
China's demand for polyarylsulfone is rising as the country's civil aviation fleet expands. The market for polyarylsulfone in the Asia-Pacific region is anticipated to expand as a result of the causes.
Versatility of application as compared to other engineering plastics makes polyarylsulfone market opportunistic. The growth of polyarylsulfone market is primarily driven by demands from medical device, automotive and electrical & electronics industries.
Polyarylsulfones product group comprises Polysulfone (PSU), Polyethersulfone (PESU), and Polyphenylsulfone (PPSU), all of these are relatively similar concerning their application industries, but are quite different from each other chemically. The ongoing product innovations has amplified use of polyarylsulfones in special applications for various sectors such as defense, aerospace, etc.
PPSU and PSU are expected to create strong growth opportunity over the forecast period with their increasing use in military applications and fitting. However, despite steady growth in the past, uncertainty exists in the global polyarylsulfone market due to weak economic growth trends in major markets across the globe.
The Global polyarylsulfone market has been segmented into seven key regions which includes North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. North America dominates the global polyarylsulfone market in terms of consumption with U.S. being the major contributor.
The U.S. polyarylsulfone market is driven by high demands from medical and automotive industry. Europe is anticipated to be the second largest market in terms of consumption over the forecast period. Asia Pacific is expected to be the next big market for polyarylsulfone after Europe and is anticipated to be the fastest growing over the forecast period.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The Global Polyarylsulfone Market is segmented as follows:
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Type 6.2. Application 7. Global Market Analysis and Forecast, By Type 7.1. Polysulfone 7.2. Polyethersulfone 7.3. Polyphenylsulfone 8. Global Market Analysis and Forecast, By Application 8.1. Medical Devices 8.2. Automotive 8.3. Electrical & Electronics 8.4. Aerospace 8.5. Others (Defense, Household products, etc.) 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Asia Pacific 9.4. Japan 9.5. Western Europe 9.6. Eastern Europe 9.7. Middle East & Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 13. Japan Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Type and Application for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. BASF SE 19.2. Solvay Chemical Company 19.3. SABIC Innovative Plastics 19.4. Ensigner Inc. 19.5. Sumitomo Chemicals 19.6. Quadrant Engineering Plastics Product 19.7. NYTEF Plastics Ltd. 19.8. Polymer Dynamix 19.9. Westlake Plastics Company
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