The global demand for Polyarylsulfone Market is presumed to reach the market size of nearly USD 3.76 BN by 2028 from USD 2.62 BN in 2021 with a CAGR of 5.3% under the study period 2022 - 2028.
Polyarylsulfone (PAS) is a thermoplastic that is also a sulfone plastic. It has a reasonably high tensile strength among thermoplastics. Polyarylsulfone is a class of high-performance thermoplastics with an aryl-SO2-aryl subunit well-known for its durability and high-temperature stability. It is an amorphous high-temperature polymer with exceptional intrinsic flame resistance and transparency. Polyarylsulfone is employed in various applications in the automobile sector, including cooling water and oil circuits in car electrics and gearboxes.
Market Dynamics
Growing demand for polyarylsulfone as a layer in water treatment plants is expected to open up new market possibilities. The rapidly increasing demand for polyarylsulfone from the automotive sector is a primary driver propelling the product's market growth. Polyarylsulfone is employed in various applications in the automobile sector, including cooling water and oil circuits in automobile electrics and gearboxes. Polyarylsulfone is also required for electrical equipment, building, and medical technologies. Many nations are experiencing rapid population increase, growing per capita income, and economic progress. As a result of that, they are investing more in polyarylsulfone.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of polyarylsulfone. The growth and trends of polyarylsulfone industry provide a holistic approach to this study.
Market Segmentation
This section of the polyarylsulfone market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Polysulfone
- Polyethersulfone
- Polyphenylsulfone
By Application
- Medical Devices
- Automotive
- Electrical & Electronics
- Aerospace
- Others (Defense, Household Products, Etc.)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Polyarylsulfone market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Polyarylsulfone Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the polyarylsulfone market include BASF SE, Solvay Chemical Company, SABIC Innovative plastics, Ensigner Inc., Sumitomo Chemicals, Quadrant Engineering Plastics Product, NYTEF Plastics Ltd., Polymer Dynamix, Westlake Plastics Company. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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