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Wednesday 28 October 2015

Analyst predicts the polyarylsulfone market to grow at a CAGR of around 6% during 2015-2019

Polyarylsulfone Market 2015-2019

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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Market analysis of polyarylsulfone

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

Other vendors in the market include Ensinger, Nytef Plastics, and Rochling Engineering Plastics.

Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the polyarylsulfone market?
What are the key market trends impacting the growth of the polyarylsulfone market?
What are the challenges to market growth?
Who are the key vendors in the polyarylsulfone market?
What are the market opportunities and threats faced by the vendors in the polyarylsulfone market?
Trending factors influencing the market shares of the APAC, Europe, North America, and ROW?
What are the key outcomes of the five forces analysis of the polyarylsulfone market?

We also offers customization on reports based on specific client requirement.

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