Polyethersulfone Market Overview
The global polyethersulfone market is projected to showcase strong growth in the coming years on account of the increasing usage of the thermoplastic in the electrical & electronics and automotive industries. Polyethersulfone has several advantageous properties, including excellent insulation at high temperatures and high chemical resistivity. Besides, it is light in weight, which makes it suitable for use in electrical & electronics and automotive applications.
The polyethersulfone market has been categorized into polysulfone, polyarylsulfone, and polyphenylsulfone, on the basis of type. Of these, polyphenylsulfone is expected to account for a significant market share throughout the forecast period (2021–2030). Polyphenylsulfone has a glass transition temperature of 288 °C and a heat deflection temperature of 274 °C, owing to which it is considered a superior material than other polyethersulfones. Additionally, polyphenylsulfone is flame-retardant, offers high impact strength, and good chemical resistance, owing to which its adoption is projected to increase in the coming years.
The polyethersulfone market has also been categorized on the basis of end use into medical, automotive, water treatment, electrical & electronics, household, and others. Of these, the electrical & electronics category is expected to account for a significant share in the market in the near future. The compound offers properties including rigidity at high temperatures, which makes it suitable for usage in electrical applications. Due to this, the market is projected to witness notable growth in the electrical & electronics sector.
Geographically, North America is expected to account for a significant market share, primarily on account of the rising product demand from the automotive and medical sectors of the U.S. and Canada. The compound is widely used in high-temperature electrical applications as well as automotive components. Moreover, with the growth in the electrical & electronics and automotive sectors in the U.S. and Canada, the demand for the compound is projected to increase, thereby boosting the growth of the polyethersulfone market in the region during the forecast period.
Polyethersulfone Market Dynamics
Drivers
The rapid surge in demand for polyethersulfone for applications in the automotive and electrical & electronics industries is driving the market to a great extent. This can be attributed to the numerous properties of the compound that make it a preferred material. These include high chemical and thermal resistance in comparison with other thermoplastics, such as polycarbonates and polyamides, owing to which manufacturers prefer polyethersulfones. Such factors are expected to further drive the growth of the market during the forecast period.
Restraints
Although polyethersulfone offers various advantages in a wide range of applications, its significantly high cost serves as a barrier to its consumer adoption. Due to the high cost, several manufacturers cannot afford the compound. This, in turn, restrains the market growth to a certain extent.
Polyethersulfone Market Competitive Landscape
Some of the companies operating in the global polyethersulfone market are Sumitomo Chemical Company, Solvay S.A., BASF SE, Evonik Industries AG, SABIC, and UJU New Materials Co.
The study provides the historical as well as the forecast size of the polyethersulfone market.
Polyethersulfone Market Size Breakdown by Segments
The polyethersulfone market report offers comprehensive market segmentation analysis along with market estimation for the period 2015–2030.
Based on Type
- Polysulfone
- Polyarylsulfone
- Polyphenylsulfone
Based on End Use
- Medical
- Automotive
- Water Treatment
- Electrical & Electronics
- Household
Based on Grade
- Medical Grade
- Industrial Grade
Geographical Analysis
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Asia-Pacific (APAC)
- China
- India
- Japan
- South Korea
- Latin America (LATAM)
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
