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(Medical-NewsWire.com, September 25, 2017 ) Covering: This market research report presents a detailed segmentation of the global polyarylsulfone market by type (PSU, PEI, PESU, and PPSU) and by application (medical, automobile, electrical and electronics, and mechanical engineering). It provides a market share analysis of its key regions, including APAC, Europe, North America, and ROW. Key findings also include an analysis of the leading vendors such as BASF, Evonik, SABIC Innovative Plastics, Solvay Chemical, Sumitomo Chemicals, and Quadrant.
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Publisher's market research analyst predicts the polyarylsulfone market to grow at a CAGR of around 6% during the forecast period. The increased demand for high-performance thermoplastics from the medical and automotive sectors is driving the growth of this market. PPSU is mainly used in the medical sector as it is X-ray impermeable, resistant to cleaning agents, disinfectants, and different solvents, and has a low water absorption.
The increased usage of polyarylsulfone in the aircraft industry is also anticipated to contribute to the market growth during the forecast period. Polyarylsulfones are preferred over metals and alloys for manufacturing high-thermoplastic materials that can withstand higher temperatures and are also lighter in weight compared to metals and alloys. This helps in reducing fuel burn and emissions and increasing the overall energy efficiency of aircraft. For instance, GE Aviation is the leading player in the usage of polyarylsulfones for making aircraft parts for aviation industry vendors including Airbus and Boeing.
Segmentation by type and analysis of - PSU, PEI, PESU, PPSU
PSU accounted for 36% of the market share during 2014 and is anticipated to grow at a CAGR of 65 during the forecast period. The increasing usage of PSU in the electrical and electronics market is driving the growth of this segment. PSU helps to reduce the tendency and high dimensional stability of plastic, due to which it is extensively used in latches for circuit breakers.
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The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Polysulfone (PSU)
- Polyetherimide (PEI)
- Polyethersulfone (PESU)
- Polyphenylsulfone (PPSU)
Segmentation by application and analysis of - medical, automobile, mechanical engineering
Medical technology dominated the market during 2014 with a market share of 24%. This research report predicts this segment to grow at a CAGR of 7% during the forecast period. Polyarylsulfone filaments and films like polyethersulfone (PESU) and polysulfone (PSU) membranes are used in micro and ultrafiltration, which play a vital role in medicine treatment sectors.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Medical technology
- Automobile
- Household and food technology
- Electrical and electronics
- Mechanical engineering
Geographical segmentation and analysis of the polyarylsulfone market
- APAC
- Europe
- North America
- ROW
North America accounted for 35% of the market share during 2014 and is predicted to retain its leadership until the end of 2019 with a growth rate of 6%. The US is the largest consumer of polyarylsulfones in this region. The rising demand from medical and aviation industries is driving the market growth in this region.
Competitive landscape and key vendors - BASF, Evonik, Quadrant, Solvay, Sumitomo, SABIC
The polyarylsulfone market is moderately fragmented with a handful of suppliers. These players have a vast geographical presence with massive production facilities located worldwide. Providers in this market compete on the basis of price, innovation, quality and performance, and support services.
The leading vendors in the market are -
- BASF
- Evonik
- SABIC Innovative Plastics
- Solvay Chemical
- Sumitomo Chemicals
- Quadrant
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Source: EmailWire.Com 
Source: EmailWire.com
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