Polyarylsulfone Market Analysis, Growth, COVID-19 Overview, Demand and Industry Forecast 2023
Polyarylsulfone Market Overview
Polyarylsulfone (PAS)
is a high-performance thermoplastic containing phenyl and biphenyl groups
linked by ether and sulfone groups. It provides more thermal resistance and
superior short and long-term thermal stability than engineered thermoplastics
and other superior characteristics such as high impact & tensile strength,
excellent transparency, lightweight, low moisture absorption, good dimensional
stability, excellent flame retardancy, good hot water, steam, chemical, and
stress cracking resistance, high glass transition temperature (2000C), and low
coefficient of thermal expansion (1200C).
According to a
detailed report published by Market Research Future (MRFR), the global COVID-19
analysis on polyarylsulfone market has been assessed to reach a significant market valuation at a
steady CAGR over the forecast period of 2018 to 2023.
Polyarylsulfone is
extensively used in fields that require safety and regulatory standards such as
aerospace, automotive, and healthcare industry owing to its superior
properties.
Influential factors
estimated to drive the market over the forecast period are the extensive use of
polyarylsulfone in industries. concerned with safety regulation standards such
as aerospace, automotive, and healthcare. Moreover, polyarylsulfone is also
used in electrical & electronics applications such as in circuit breakers,
fuse holders, switch latches, transparent displays, and housing parts of air
humidifier & electrical batteries due to its high impact & tensile
strength, lightweight, reduced creep tendency, and high dimensional stability.
in addition, it is used to manufacture household appliances such as coffee
machines, samovars, and pipe connection fittings due to its high thermal
stability, chemical resistance, and low moisture absorption property. The
varied applications of polyarylsulfone are driving its demand globally,
consequently contributing to market growth over the forecast period.
Polyarylsulfone
Market Segmental Analysis
The global polyarylsulfone industry has been segmented based on product type, end-use industry,
and region.
Based on product type,
the polyarylsulfone market demand has
been segmented into polyethersulfone (PESU), polyphenylsulfone (PPSU), and
polysulfone (PSU).
Based on the end-user
industry, the global market for polyarylsulfone has been segmented into
aerospace, automotive, electrical & electronics, healthcare, water
treatment, and others.
Based on the region,
the global polyarylsulfone market growth has been segmented into
North America, Europe, Asia Pacific, Latin America, and the Middle East &
Africa.
Polyarylsulfone
Market Key Players
The key players
identified in the global polyarylsulfone market are Ensinger Inc. (U.S.), Polymer Dynamix Llc (U.S.),
Polymer Industries (U.S.), RTP Company (U.S.), Westlake Plastics Company
(U.S.), Solvay SA (Belgium), Quadrant Plastic Composites AG (Switzerland), BASF
SE (Germany), Sumitomo Chemical Company(Japan), and SABIC (Saudi Arabia).
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Regional Analysis
North America has been
assessed as one of the significant regional markets for polyarylsulfone and is
estimated to show a stable market growth during the forecast period, owing to
factors such as the growing aerospace industry, electronics industry, and
healthcare industry and in the developed countries such as U.S. and Canada.
Europe is also
expected to show a steady market growth for polyarylsulfone owing to the
strong automotive market and growing microelectronics market in countries such
as Germany and the Netherlands.
The Asia Pacific is
estimated to be the largest and the fastest growing market for polyarylsulfone.
The demand for polyarylsulfone is projected to be driven primarily by the huge
automobile industry in China, the rising electrical & electronics industry
in countries such as Japan, South Korea, and Taiwan, and the increasing
healthcare industry in India. in addition, rapid growth in the
industrialization and urbanization of these countries is also likely to
influence the demand for polyarylsulfone over the forecast period. Also, the
rising demand for water treatment facilities to ensure safe and clean water is
an additional factor for market growth.
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