Global Polysulfone Resin market will reach 700 million US$ by the end of 2025
Published Date: 2018/11/5
Sulfone Polymers are a family of engineering thermoplastic resins characterized by the sulfone [SO2] group. They are a class of thermoplastic polymers, which exhibits high temperature resistance. Sulfone polymers are unique and different from the other thermoplastic materials due to its high hydrolytic stability and ability to achieve transparency.
According to our research and analysis, at present, market concentration in the industry is high. Polysulfone resin market is dominated by Solvay, Basf and Sumitomo. Solvay is the world leader, holding 57.52% production market share in 2017. Limited by technology, China manufacturer’s production share is limited. Besides, compared with global famous brand, product in China has lower price and lower visibility. It still need a long time for China manufacturers to enter global market.
Sulfone polymers is wildly used in electronics and electrical, vehicle construction, food industry and medical industry. Globally, this market is mainly driven by growing demand from automotive industry and electronics industry. In 2017, electronics & electrical and vehicle construction separately consumed 27.59% and 20.40% of global total consumption.
The global Polysulfone Resin market is valued at 520 million US$ in 2017 and will reach 700 million US$ by the end of 2025, growing at a CAGR of 3.8% during 2018-2025.
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