Sulfone Polymers Market Size, Trends and Insights By Type (Polysulfone, Polyethersulfone, Polyphenylsulfone, Polyethersulfone Ketone, Others), By Application (Consumer Goods, Electrical & electronics, Aerospace, Automotive, Medical & Healthcare, Industrial, Food & Beverage, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Solvay SA
- BASF SE
- SABIC
- Sumitomo Chemical Co. Ltd.
- RTP Company
- Others
Reports Description
Global Sulfone Polymers Market was valued at USD 1.8 Billion in 2023 and is expected to reach USD 2.6 Billion by 2032, at a CAGR of 6.1% during the forecast period 2023 – 2032.
Sulfone polymers are a kind of thermoplastic material that is highly resistant to heat and chemicals, has great mechanical strength, and is dimensionally stable.
These polymers are distinguished by the inclusion of sulfone (-SO2-) groups in the structure of their molecules, which confers unique qualities appropriate for demanding applications in sectors that include aerospace, automotive, electronic devices, and healthcare. Sulfone polymers comprise polysulfone, polyethersulfone, and polyphenylsulfone.
Sulfone Polymers Market: Growth Factors
Rising usage in electronics and automotive components
The increased use of sulfone polymers in electronics and automotive components is mostly due to their superior features and performance characteristics. It has great heat resistance, superior durability, resistance to chemicals, and dimensional stability, which makes it a perfect material for demanding applications in these sectors.
Sulfone polymers are utilized in a variety of electronic components, including connections, sockets, insulating materials, and housings, due to their ability to endure high temperatures, electrical insulation qualities, and environmental stress resistance.
As electronic gadgets become smaller, lighter, and more powerful, the need for sulfone polymers rises. Sulfone polymers are used in automobile components such as coolant systems, air management systems, electrical connections, and lights due to their heat resistance, resilience, and chemical compatibility.
For instance, India is predicted to become an industry leader in electronics production, driven by rising local demand and improved export competitiveness. Domestic output nearly quadrupled between FY17 and FY22 and is predicted to grow at a 24% CAGR from FY22 and FY27.
The Production Linked Incentive (PLI) Scheme tackles the issues that come with India’s high capital costs. It offers a 4% to 6% incentive for increased sales of items made in India and focuses on key areas of the Indian electronics industry.
Sulfone polymers hold superior attributes linked to conventional thermoplastics
Sulfone polymers are exceptionally thermally stable, which makes them ideal for high-temperature applications where other thermoplastics would break down. This feature renders them suitable for application in high-demand sectors like aerospace, automotive, and electronics.
Furthermore, sulfone polymers have exceptional chemical resistance, making them resistant to a variety of solvents, acids, and bases. This makes them appropriate for applications involving frequent exposure to severe chemicals, such as chemical processing equipment and medical devices.
Moreover, sulfone polymers offer great mechanical strength and dimensional stability, making them durable and reliable in a variety of applications. Their ability to maintain these qualities throughout a large temperature range adds to their desirability.
Ultimately, the better properties of sulfone polymers make them a favoured alternative over traditional thermoplastics in harsh environments. For instance, Sulfone polymers are high-temperature plastics that have a distinct benefit. These amorphous thermoplastics have higher hardness, strength, and hydrolytic stability compared to other transparent polymers.
They can tolerate extended exposure to water, chemicals, and temperatures, ranging from -40°C to 204°C (-40°F to 400°F). Udel® PSU – A rigid, high-strength, semi-tough, transparent plastic that is more heat resistant and hydrolytically stable than polycarbonate. It preserves its mechanical qualities when subjected to steam and other sterilizing methods.
Sulfone Polymers Market: Restraints
High competition from substitutes
Substitute competition presents a substantial threat to the sulfone polymer industry for a variety of reasons. Engineering plastics such as polyetheretherketone and polyphenylene sulfide have comparable high-performance qualities, such as strong heat resistance, chemical resistance, and mechanical strength, making them suitable for similar applications.
Furthermore, certain alternatives may provide benefits such as lower cost or enhanced processability, making them more appealing choices for specific applications.
Moreover, technical improvements in alternative materials have resulted in the production of newer grades with improved qualities, hence increasing competition. In addition, the accessibility of a diverse variety of replacement materials increases consumers’ options, lowering their dependency on sulfone polymers.
Sulfone Polymers Market: Opportunities
Adoption of sustainable materials
Sulfone polymers, which include polysulfone and polyethersulfone, are well-known for their high heat and chemical resistance, which makes them ideal for a variety of applications in sectors such as automotive, aerospace, electronics, and healthcare.
As several companies prioritize sustainability, sulfone polymers outperform conventional materials such as metals and plastics in terms of recyclability, durability, and tolerance to severe conditions.
In addition, sulfone polymers are lightweight, lowering fuel consumption in transportation applications and helping to reduce carbon emissions.
Furthermore, the increased need for high-performance materials in developing industries such as renewable energy and water treatment is driving the sulfone polymer market. As businesses and consumers seek ecologically friendly alternatives, the need for sustainable materials such as sulfone polymer is projected to continue to grow, further propelling the market forward.
For instance, Solvay, a global specialty materials market leader, has successfully obtained distinct third-party mass balance (MB)1 chain of custody approval under the renowned International Sustainability and Carbon Certification (ISCC-PLUS) system for its Marietta, Ohio (USA) site, which produces polysulfone (PSU) and polyphenylsulfone (PPSU).
The products, Udel® PSU ReCycle MB and Radel® PPSU ReCycle MB are the first ISCC-PLUS mass balance compliant sulfone materials on the market and are commercially accessible globally.
Sulfone Polymers Market: Segmentation Analysis
Global Sulfone Polymers market is segmented by type, application, and region. Based on type, the market is classified into polysulfone, polyethersulfone, polyphenylsulfone, polyethersulfone ketone, and others. Polysulfone dominated the market in 2022 with a market share of 40% and is expected to keep its dominance during the forecast period 2024-2032.
Polysulfone, a form of sulfone polymer, dominates the sulfone polymer market due to its distinct features and wide range of uses. Polysulfone has excellent thermal and chemical resistance, making it ideal for high-temperature settings and severe chemical situations.
Its exceptional mechanical strength, dimensional stability, and transparency increase its attractiveness in a variety of sectors. Polysulfone is frequently utilized in the healthcare industry for medical equipment, dialysis membranes, and sterilizing trays due to its biocompatibility and ability to endure multiple sterilization cycles.
Polysulfone heat resistance and compact characteristics make it useful in components such as fuel structures, electrical connections, and airplane interiors. Furthermore, rising demand for sophisticated materials with improved performance features, as well as a growing emphasis on sustainability, are driving polysulfone adoption and the overall sulfone polymers market.
As industries explore new ways to address changing requirements, polysulfone continues to play an important role in creating the market environment.
Based on application, the market is classified into consumer goods, electrical & electronics, aerospace, automotive, medical and others. The medical segment dominated the market in 2022 with a market share of 35% and is expected to keep its dominance during the forecast period 2024-2032.
The medical industry is an essential component of the sulfone polymers market because of the materials’ unique features, which make them ideal for a variety of medicinal applications. Sulfone polymers, including polyethersulfone (PES), polysulfone (PSU), and polyphenylsulfone (PPSU), have high thermal stability, resistance to chemicals, transparency, and biocompatibility, making them excellent for medical device manufacture.
Sulfone polymers are frequently utilized in the manufacture of medical devices, including surgical tools, dialyzers, blood filtration membranes, dental instruments, and sterilizing trays. Its ability to resist several sterilization cycles without deterioration makes it essential in healthcare environments where cleanliness and sterility are critical.
In addition, the growing need for improved medical devices, the rising frequency of chronic diseases needing medical therapies, and rising global healthcare spending are all driving the expansion of the healthcare sulfone polymers market. As a result, the medical industry’s continual creativity and creation of new medical equipment and technology drives up the need for sulfone polymers.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 1.8 Billion |
| Projected Market Size in 2032 | USD 2.6 Billion |
| Market Size in 2022 | USD 1.5 Billion |
| CAGR Growth Rate | 6.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Sulfone Polymers Market: Regional Analysis
By region, Sulfone Polymers market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. The Asia-Pacific dominated the global Sulfone Polymers market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.
The region’s powerful industrial sector, notably in China, Japan, and South Korea, generates considerable demand for sulfone polymers in a variety of applications including automotive, electronics, aerospace, and healthcare.
Furthermore, Asia-Pacific’s expanding population and growing urbanization drive infrastructure development, raising the need for high-performance materials in construction and engineering, such as sulfone polymers. Moreover, the region’s growing emphasis on sustainability and environmental legislation favours the use of sulfone polymers because they are recyclable and long-lasting.
In addition, advances in manufacturing technology, as well as the presence of important competitors in the area, help to drive the Asia-Pacific sulfone polymers market. Thus, these factors jointly fuel the demand for sulfone polymers in the area, positioning Asia-Pacific as a prominent participant in the global market.
Sulfone Polymers Market: Recent Developments
- In January 2022, Solvay introduced UDEL P-1700 LCD polysulfone resin for the manufacturing of transparent cell-phone camera encompasses with resistance to colour change at high temperatures.
- In November 2021, BASF purchased Solvay’s polyamide business, which included specialized polyamides and polyethersulfone polymers. The $1.6 million acquisition expands BASF’s product range in critical areas such as automotive, electronics, and water treatment.
- In October 2020, BASF launched Pocan B3235XT, an ultraflow polyethersulfone for thin-wall packing of food, cosmetics, and medicines. It enables shorter cycle times, lower temperatures, and up to a 20% decrease in weight compared to normal grades. BASF engages in a variety of industries, which include agriculture, materials for batteries, and coatings.
List of the prominent players in the Sulfone Polymers Market:
- Solvay SA
- BASF SE
- SABIC
- Sumitomo Chemical Co. Ltd.
- RTP Company
- Mitsubishi Chemical Corporation
- Quadrant AG
- Ensinger GmbH
- Polyplastics Co. Ltd.
- Celanese Corporation
- 3M Company
- Shandong Horan New Material Co. Ltd.
- Jiangsu Yoke Technology Co. Ltd.
- DIC Corporation
- Shanghai PRET Composites Co. Ltd.
- Dongguan Xinchuang New Material Technology Co. Ltd.
- Evonik Industries AG
- Polysulfone Technology Corporation
- Kuraray Co. Ltd.
- Specialty Polymers Inc.
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Sulfone Polymers Market is segmented as follows:
By Type
- Polysulfone
- Polyethersulfone
- Polyphenylsulfone
- Polyethersulfone Ketone
- Others
By Application
- Consumer Goods
- Electrical & electronics
- Aerospace
- Automotive
- Medical & Healthcare
- Industrial
- Food & beverage
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Sulfone Polymers Market, (2024 – 2033) (USD Billion)
- 2.2 Global Sulfone Polymers Market: snapshot
- Chapter 3. Global Sulfone Polymers Market – Industry Analysis
- 3.1 Sulfone Polymers Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising usage in electronics and automotive components
- 3.2.2 Sulfone polymers hold superior attributes linked to conventional thermoplastics
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Application
- Chapter 4. Global Sulfone Polymers Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Sulfone Polymers Market: Company Market Share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Sulfone Polymers Market – Type Analysis
- 5.1 Global Sulfone Polymers Market Overview: By Type
- 5.1.1 Global Sulfone Polymers Market Share, By Type, 2022 and – 2033
- 5.2 Polysulfone
- 5.2.1 Global Sulfone Polymers Market by Polysulfone, 2024 – 2033 (USD Billion)
- 5.3 Polyethersulfone
- 5.3.1 Global Sulfone Polymers Market by Polyethersulfone, 2024 – 2033 (USD Billion)
- 5.4 Polyphenylsulfone
- 5.4.1 Global Sulfone Polymers Market by Polyphenylsulfone, 2024 – 2033 (USD Billion)
- 5.5 Polyethersulfone Ketone
- 5.5.1 Global Sulfone Polymers Market by Polyethersulfone Ketone, 2024 – 2033 (USD Billion)
- 5.6 Others
- 5.6.1 Global Sulfone Polymers Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Sulfone Polymers Market Overview: By Type
- Chapter 6. Global Sulfone Polymers Market – Application Analysis
- 6.1 Global Sulfone Polymers Market Overview: By Application
- 6.1.1 Global Sulfone Polymers Market Share, By Application, 2022 and – 2033
- 6.2 Consumer Goods
- 6.2.1 Global Sulfone Polymers Market by Consumer Goods, 2024 – 2033 (USD Billion)
- 6.3 Electrical & electronics
- 6.3.1 Global Sulfone Polymers Market by Electrical & electronics, 2024 – 2033 (USD Billion)
- 6.4 Aerospace
- 6.4.1 Global Sulfone Polymers Market by Aerospace, 2024 – 2033 (USD Billion)
- 6.5 Automotive
- 6.5.1 Global Sulfone Polymers Market by Automotive, 2024 – 2033 (USD Billion)
- 6.6 Medical
- 6.6.1 Global Sulfone Polymers Market by Medical, 2024 – 2033 (USD Billion)
- 6.7 Others
- 6.7.1 Global Sulfone Polymers Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Sulfone Polymers Market Overview: By Application
- Chapter 7. Sulfone Polymers Market – Regional Analysis
- 7.1 Global Sulfone Polymers Market Regional Overview
- 7.2 Global Sulfone Polymers Market Share, by Region, 2022 & – 2033 (USD Billion)
- 7.3. North America
- 7.3.1 North America Sulfone Polymers Market, 2024 – 2033 (USD Billion)
- 7.3.1.1 North America Sulfone Polymers Market, by Country, 2024 – 2033 (USD Billion)
- 7.3.1 North America Sulfone Polymers Market, 2024 – 2033 (USD Billion)
- 7.4 North America Sulfone Polymers Market, by Type, 2024 – 2033
- 7.4.1 North America Sulfone Polymers Market, by Type, 2024 – 2033 (USD Billion)
- 7.5 North America Sulfone Polymers Market, by Application, 2024 – 2033
- 7.5.1 North America Sulfone Polymers Market, by Application, 2024 – 2033 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Sulfone Polymers Market, 2024 – 2033 (USD Billion)
- 7.6.1.1 Europe Sulfone Polymers Market, by Country, 2024 – 2033 (USD Billion)
- 7.6.1 Europe Sulfone Polymers Market, 2024 – 2033 (USD Billion)
- 7.7 Europe Sulfone Polymers Market, by Type, 2024 – 2033
- 7.7.1 Europe Sulfone Polymers Market, by Type, 2024 – 2033 (USD Billion)
- 7.8 Europe Sulfone Polymers Market, by Application, 2024 – 2033
- 7.8.1 Europe Sulfone Polymers Market, by Application, 2024 – 2033 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Sulfone Polymers Market, 2024 – 2033 (USD Billion)
- 7.9.1.1 Asia Pacific Sulfone Polymers Market, by Country, 2024 – 2033 (USD Billion)
- 7.9.1 Asia Pacific Sulfone Polymers Market, 2024 – 2033 (USD Billion)
- 7.10 Asia Pacific Sulfone Polymers Market, by Type, 2024 – 2033
- 7.10.1 Asia Pacific Sulfone Polymers Market, by Type, 2024 – 2033 (USD Billion)
- 7.11 Asia Pacific Sulfone Polymers Market, by Application, 2024 – 2033
- 7.11.1 Asia Pacific Sulfone Polymers Market, by Application, 2024 – 2033 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Sulfone Polymers Market, 2024 – 2033 (USD Billion)
- 7.12.1.1 Latin America Sulfone Polymers Market, by Country, 2024 – 2033 (USD Billion)
- 7.12.1 Latin America Sulfone Polymers Market, 2024 – 2033 (USD Billion)
- 7.13 Latin America Sulfone Polymers Market, by Type, 2024 – 2033
- 7.13.1 Latin America Sulfone Polymers Market, by Type, 2024 – 2033 (USD Billion)
- 7.14 Latin America Sulfone Polymers Market, by Application, 2024 – 2033
- 7.14.1 Latin America Sulfone Polymers Market, by Application, 2024 – 2033 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Sulfone Polymers Market, 2024 – 2033 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Sulfone Polymers Market, by Country, 2024 – 2033 (USD Billion)
- 7.15.1 The Middle-East and Africa Sulfone Polymers Market, 2024 – 2033 (USD Billion)
- 7.16 The Middle-East and Africa Sulfone Polymers Market, by Type, 2024 – 2033
- 7.16.1 The Middle-East and Africa Sulfone Polymers Market, by Type, 2024 – 2033 (USD Billion)
- 7.17 The Middle-East and Africa Sulfone Polymers Market, by Application, 2024 – 2033
- 7.17.1 The Middle-East and Africa Sulfone Polymers Market, by Application, 2024 – 2033 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Solvay SA
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 BASF SE
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 SABIC
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Sumitomo Chemical Co. Ltd.
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 RTP Company
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Mitsubishi Chemical Corporation
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Quadrant AG
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Ensinger GmbH
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Polyplastics Co. Ltd.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Celanese Corporation
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 3M Company
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Shandong Horan New Material Co. Ltd.
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Jiangsu Yoke Technology Co. Ltd.
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 DIC Corporation
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Shanghai PRET Composites Co. Ltd.
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Dongguan Xinchuang New Material Technology Co. Ltd.
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Evonik Industries AG
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Polysulfone Technology Corporation
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Kuraray Co. Ltd.
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 Specialty Polymers Inc.
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 Others
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.1 Solvay SA
List Of Figures
Figures No 1 to 25
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
Prominent Player
- Solvay SA
- BASF SE
- SABIC
- Sumitomo Chemical Co. Ltd.
- RTP Company
- Mitsubishi Chemical Corporation
- Quadrant AG
- Ensinger GmbH
- Polyplastics Co. Ltd.
- Celanese Corporation
- 3M Company
- Shandong Horan New Material Co. Ltd.
- Jiangsu Yoke Technology Co. Ltd.
- DIC Corporation
- Shanghai PRET Composites Co. Ltd.
- Dongguan Xinchuang New Material Technology Co. Ltd.
- Evonik Industries AG
- Polysulfone Technology Corporation
- Kuraray Co. Ltd.
- Specialty Polymers Inc.
- Others
FAQs
The restraints of the Sulfone Polymers market is high competition from substitutes.
The major driver for the Sulfone Polymers market is rising usage in electronics and automotive components and sulfone polymers hold superior attributes linked to conventional thermoplastic.
The “Polysulfone” category dominated the market in 2022.
The key players in the market are Solvay SA , BASF SE, SABIC, Sumitomo Chemical Co. Ltd., RTP Company , Mitsubishi Chemical Corporation , Quadrant AG , Ensinger GmbH , Polyplastics Co. Ltd. , Celanese Corporation , 3M Company, Shandong Horan New Material Co. Ltd. , Jiangsu Yoke Technology Co. Ltd. , DIC Corporation , Shanghai PRET Composites Co. Ltd., Dongguan Xinchuang New Material Technology Co. Ltd. , Evonik Industries AG, Polysulfone Technology Corporation, Kuraray Co. Ltd. , Specialty Polymers Inc., Others.
“Asia-Pacific” had the largest share in the Sulfone Polymers Market.
The global market is projected to grow at a CAGR of 6.1% during the forecast period, 2023-2032.
The Sulfone Polymers Market size was valued at USD 1.8 Billion in 2023.
PURCHASE OPTIONS
What You Get :
- PDF Report Format.
- Can be accessible by 1 single user.
- Free 25% or 40 hours of customisation.
- Free post-sale service assistance.
- 15% discount on your next purchase.
- Dedicated account Associate .
- Permission to print the report.
- Service guarantee available.
- PDF and Excel Datasheet Formats.
- Can be accessible upto 2 to 5 users.
- Free 35% or 60 hours of customisation.
- Free post-sale service assistance.
- 25% discount on your next purchase.
- Service guarantee available.
- Personalised market brief by author.
- Permission to print the report.
- Report in your Language.
- PDF, Excel and Power Point.
- Can be accessible by unlimited users.
- Free 40% or 80 hours of customisation.
- Free post-sale service assistance.
- 30% discount on your next purchase.
- Permission to print the report.
- Dedicated account manager.
- Service guarantee available.
- Report in your Language.
- Excel Datasheet Format.
- Customized access as per user request.
- Upgradable to other licenses.
- 15% discount on your next purchase.
- Free 20% or 10 hours of customisation.
- PDF, Excel, Power Point and Power BI.
- Every Year Free Update ( Apr – Apr)
- Personalized market brief by author
- Can be accessible by unlimited users.
- Free 50% or 90 hours of customization.
- Up to 50 Company Profiles
- Free post-sale service assistance with guarantee
- 40% discount on your next purchase.
- Permission to print the report.
- Dedicated account team.
- Service guarantee available.
- Report in your Language.