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Polyethersulfone Market

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The research report on Polyethersulfone Market is segmentred by Application and by Region - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Polyethersulfone Market - Size, Share, Outlook, and
Opportunity Analysis, 2018 – 2026
Polyethersulfone (PES) is a sulfone plastic that belongs to the class of thermoplastic
polymers. These polymers remain stable at high temperatures and have high rigidity.
They have high chemical resistivity, are easy with machine generate less smoke,
exhibit excellent electrical properties at high temperature, and are light weight.
Polyethersulfone finds applications in printed circuits, safety face shields, machine
guards, connectors, and others, owing to the aforementioned properties.
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Polyethersulfone Market Dynamics
Rising electronics & electrical industry, globally is boosting demand for
polyethersulfone. PES is used in various electrical components such as coil formers,
plug-in and socket connectors, transparent cover for signal lamps, lamp holders, chip
tray, battery shields, lamp shields, sensors, chip carriers, TV components, and
projector components. According to ZVEI (Germany’s Electrical Industry), in 2016,
the global production in Electrical & Electronics industry was US$ 4,415.17 billion.
Polyethersulfone Market Regional Outlook
North America is expected to account for major share over the forecast period, owing
to the presence of established automotive and auto parts manufacturers in the
region, particularly Mexico. Rising production of auto parts in the economy may
propel demand for polyethersulfone, as it is used in various auto parts and
components such as oil pumps, ignition components, and bearing cages. According
to the International Trade Administration (INA), the production of auto parts
increased to around US$ 85 billion in 2015 from US$ 76.8 billion in 2013.
Furthermore, the increasing production of vehicles in Mexico may boost demand for
auto parts, which in turn would result in increasing demand for polyethersulfone.
According to the INA, in 2015, 3.4 million vehicles were produced in the Mexico. As
per the Mexican Association of Automotive Industry, Mexico is estimated to produce
5 million vehicles by 2020.
Key players in the Polyethersulfone Market
Key players operating in the market includes Solvay Specialty Polymers USA, Infinity
LTL Engineered Compounds, Centroplast Engineering Plastics GmbH, SABIC
Innovative Plastics US LLC, BASF SE, Sumitomo Chemical Company, Jiangmen
Youju New Materials Co., Ltd, Evonik Industries AG, du Pont de Nemours and
Company, Westlake Plastics Company, and Solvay SA.
Key players adopt various business strategies such as mergers & acquisitions, new
product launches, and product development to strengthen their foothold in the
market. For instance, in 2016, Solvay SA introduced first polyethersulfone polymer
for utilization in medical devices. The projected applications of PES would be in
monitoring & filtration devices, housings & internal structure components for medical
diagnostic equipment. Moreover, it can be used in sight windows and quick connects
in biopharma processing.
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Author
apeksha motghare
apeksha motghare527   documents Email
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