What is the global market size of Polyarylsulfones Market?

Polyarylsulfones Market size was valued at USD 2 billion in 2021 and is poised to grow from USD 2.15 billion in 2022 to USD 4 billion by 2030, growing at a CAGR of 7.9% in the forecast period (2023-2030).

Global Polyarylsulfones Market Size, Share, Growth Analysis, By Product type(Polyethersulfone (PESU), Polyphenylsulfone (PPSU)), By Application(Automotive, medical) - Industry Forecast 2024-2031

Report ID: SQMIG15E2066 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 66 | Figures: 75

Global Polyarylsulfones Market Dynamics

Polyarylsulfones Market Drivers

Preference for light-weight engineering such as trolleys and others, airline interiors in the aerospace industry over metals due to the rising demand for polyarylsulfone because of many advantages such as excellent flame retardant properties, light weight design and high impact strength. This may positively affect to the growth of the global polyarylsulfone market.
Due to the rapid population growth over the years in Asia Pacific region in countries including India, China and others, there is a rise in the disposal of polyarylsulfone because of its many benefits as mentioned above, and is therefore, estimated to the product growth during the prediction period.

Polyarylsulfones Market Restraint

Polyarylsulfone's high cost in comparison to traditional engineered thermoplastics and standard thermoplastics is expected to stifle polyarylsulfones market growth. Furthermore, difficulty in processing high-performance thermoplastics is expected to limit growth to some extent.

Global Polyarylsulfones Market Report Snapshots

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Polyarylsulfones Market size was valued at USD 2 billion in 2019 and is poised to grow from USD 2.15 billion in 2023 to USD 4 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).

Global polyarylsulfones market provides detailed competitive landscape. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the prominent polyarylsulfones market players are also focussing on concentrating on R&D. 'Solvay SA', 'Sumitomo Chemical Co., Ltd.', 'BASF SE', 'SABIC', 'Quadrant AG', 'RTP Company', 'Westlake Plastics Company', 'Ensinger GmbH', 'Mitsubishi Chemical Advanced Materials', 'Nytef Plastics Ltd.', 'Shandong Horan New Material Co., Ltd.', 'Polymer Industries', 'Plastique GPR', 'Ensinger India Engineering Plastics Private Limited', 'Panjin Zhongrun High Performance Polymer Co., Ltd.', 'Polymer Technology & Services, LLC', 'Röchling Group', 'Ensinger Precision Engineering', 'Goodfellow, Inc.', 'Toray Industries, Inc.'

Preference for light-weight engineering such as trolleys and others, airline interiors in the aerospace industry over metals due to the rising demand for polyarylsulfone because of many advantages such as excellent flame retardant properties, light weight design and high impact strength. This may positively affect to the growth of the global polyarylsulfone market.

PAS demand in the aerospace industry is being driven by the increasing lightweight engineering trend over metals. PAS's excellent flame retardant properties entice the aerospace industry to use it for a variety of components. In recent years, the aviation industry has begun to use PAS in the manufacture of trolleys used in airplanes to serve meals and drinks to passengers. The goal of replacing metals with PAS in trolley manufacturing was to cut the weight in half compared to metal versions, because large aircraft use more than 100 such trolleys, so weight reduction adds significant value. PAS, primarily polyether sulfones, are also used in the aviation industry as impact modifiers for epoxy systems.

North America dominated the global polyarylsulfones market and accounted for the largest market share in 2021. The region is expected to experience significant growth during the forecast period owing to presence of various healthcare, electronics, and aerospace industries in the region. The U.S., Mexico and Canada are the major contributors to the growth of the market. The demand for polyarylsulfone across the automotive industry in the U.S. is due to the growing production of automobiles.

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Global Polyarylsulfones Market Size, Share, Growth Analysis, By Product type(Polyethersulfone (PESU), Polyphenylsulfone (PPSU)), By Application(Automotive, medical) - Industry Forecast 2024-2031

Global Polyarylsulfones Market Dynamics

Global Polyarylsulfones Market Report Snapshots

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What is the global market size of Polyarylsulfones Market?

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