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Report overview
The global Sulfone Polymers market was valued at 27.5 Million USD in 2021 and will grow with a CAGR of .91% from 2021 to 2027.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market vendors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
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.In 2015, the global sulfone polymers consumption market is led by USA. Europe is the second-largest region-wise market. At present, the major manufacturers of sulfone polymers are concentrated in Europe (BASF) and USA (Solvay). Solvay is the world leader, holding 58.64% production market share in 2015. At present, the high degree of concentration in the industry, Solvay, BASF, Sumitomo has an absolute position in the market. Manufacturers from USA (Solvay), EU (BASF) and Japan (Sumitomo Chemical) are the major leaders in the international market of sulfone polymers. Manufacturers from China are immature in technology. There is large space in the China market, as well as big gap between international brands and local brands on price. With the development of Chinese sulfone polymers production technology, their share in the global market is increasing, and competitiveness in the global market gradually increases. Sulfone polymers downstream are wide. Globally, the sulfone polymers market is mainly driven by growing demand for automotive industry and electronics industry. Fundamentally speaking, people`s strong desire for healthy lifestyle promotes the development of this industry. Currently, the automotive industry and electronics industry tend to be stable. However, sulfone polymers grew significantly faster than the downstream industry. In the future, healthcare; life and health are the most important driving force in this industry.
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