Global Polyarylsulfone Market By Product (Polyetherimide (PEI) & Polyethersulfone (PESU), Polysulfone (PSU), and Polyphenylsulfone (PPSU)), By End-Uses (Food and Beverages, Electrical & electronics , Automotive, Healthcare, Water treatment, Aerospace, and Other End-Uses), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Polyarylsulfone Market Overview:

The Polyarylsulfone market size was valued at USD 2,166.15 million in 2021 and is likely to witness strong growth in demand at a healthy CAGR of 7.7% over the few years.

The largest demand driver for PAS was the growing demand from key industries like medical, food & beverage, water treatment, automotive, and biotechnology. The polyarylsulfone industry can be divided into three segments based on product: polyphenyl sulfone, polysulfone, and polyetherimide.

Global Polyarylsulfone Market Analysis:

Product Analysis

This market’s most significant product segment is PEI & PESU which has a greater than 53% market share. Its outstanding electrical properties and flame retardancy are some of the main reasons for increasing its application.

PESU is used extensively in safety shields, printed circuits, and connectors. PPSU’s ability to be sterilized by high-temperature steam easily without any feature damage makes it a very attractive product that could see increased demand for dental instruments and medical devices at the fastest rate. PPSU is a popular material for aircraft interiors.

With stringent FDA regulations, growing concerns over food safety and quality are driving demand for PSU. This will in turn drive PSU demand to manufacture membranes. PSU will likely see higher demand because of its increasing use in the oil & gas and medical industries, as well as for membrane applications in wastewater treatment and sanitation.

PAS is used primarily in beverages to produce juices and wines, while it is used in food for different cereals such as corn and dairy products. In the future, the market is expected to grow because of the growing demand for wastewater treatment.

End-Use Analysis:

Polyarylsulfone, which has a variety of properties including good flame retardancy, lightweight, and high impact strength is used in aerospace. Because of its high thermal stability and dimensional stability as well as lightweight and impact and tensile strength, it is used by the automotive industry to produce headlamp reflectors, cooling, and oil circuits, and in-vehicle electrics, and transmissions.

Polyether sulfone membranes are expected to capture a large share of the market during the forecast period. This is due to their variable pore sizes, high flow, and chemical resistance. Because of its lightweight, high impact, and tensile strength as well as reduced creep tendency and high dimensional stability, Polyarylsulfone has been used in electronic applications like switch latches. Due to its high thermal stability and chemical resistance, low moisture absorption, and low thermal stability, it’s used in household appliances like espresso machines and pipe connection fittings.

Key Market Segments:

By Product

• Polyetherimide (PEI) & Polyethersulfone (PESU)
• Polysulfone (PSU)
• Polyphenylsulfone (PPSU)

By End-Uses

• Food and Beverages
• Electrical & electronics
• Automotive
• Healthcare
• Water treatment
• Aerospace
• Other End-Uses

Market Dynamics:

Polyarylsulfone is a polyarylsulfone with exceptional chemical- and electrical properties. It has high dielectric strengths, strong chemical resistance, and high chemical resistance. PAS can also provide excellent resistance to hydrolysis, and repeated sterilization and is being used in increasing numbers, especially in the water treatment and automotive sectors.

The chemical and medical filtration processes include nanofiltration, reverse osmosis, and ultrafiltration. PAS will be used in the beverage industry to purify juices. Construction is likely to see a high demand due to increased use in faucet components and plumbing fittings production.

Polysulfone, also known as PSU, was the second most important product in the polyarylsulfone global industry in 2021. Its key applications include electrical & electronics, membranes, and plumbing fittings. Due to its high price, polyphenylsulfone is most commonly used in specialty areas.

PPSU has many uses. The global polyarylsulfone industry value chain includes the raw material, manufacturer, and distribution as well as end-use sectors. PAS supply chains are pull-based, meaning that supply is determined by customer demand and orders.

Global polyarylsulfone production will suffer from stringent regulations. Bisphenol A, the main raw material for PAS production, faces problems globally. Many countries view it as a hazardous and noxious ingredient for humans. This poses severe risks to human health. A major factor that will hinder the growth of the global PAS market in the next years is the cost of bisphenol A.

Regional Analysis:

North America was the most important market in the world by revenue share in 2021, with a share of 57.8%. The North American market is benefiting from the presence of a well-developed and well-organized thermoplastic industry, as well as ongoing technical development in key industries like automotive, aerospace, and medical.

The Asia Pacific, which includes China, Japan, and South Korea, was the second-largest market for Polyarylsulfones. It is expected to grow at the fastest rate during the forecast period. This is mainly due to the large-scale presence of the automotive industry and developing manufacturing industries primarily in India, and China.

Positive growth potential is being created by several factors, including increased automotive production, a high standard of living, a growing population, and the presence in Europe of newly developed economies. This region is seeing rapid urbanization and the presence of large-scale, reputable automakers. These factors are helping to develop the market for automotive products.

Rising demand for consumer electronics in emerging markets such as Saudi Arabia, and Qatar, and the proliferation of wearables are expected to be key trends in driving PAS demand in this region. The MEA region will continue to witness the expansion of the Polyarylsulfone industry due to the lifting of sanctions against Iran and the push for economic diversification among the oil-exporting Gulf Cooperation Council countries.

Кеу Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Many of the market participants are actively involved in mergers and acquisition activities over the past few years. Key companies are looking to enhance their regional presence, particularly in unorganized markets such as India, Brazil, and China which is increasing the importance of the distribution channel in this market.

Key Market Players:

• BASF
• Solvay
• Mitsubishi Chemicals Holding
• Polyplastics
• Ensinger
• Nytef Plastics
• Sumitomo Chemical
• Quadrant AG
• Other Key Players

For the Polyarylsulfone Market research study, the following years have been considered to estimate the market size: