MRRSE announces addition of new report "Sulfone Polymers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024" to its database

1. Sulfone Polymers Market 2016 Comprehensive Analysis,
Industry Survey, Growth and Major Policies Report
Report Description
Several grades/varieties of sulfone polymers have gained vast
applicability across a number of industries in the past few
years. The relatively higher level of resistance wear and

2. corrosion provided by these materials as compared to metals
have increased their usage in medical devices and implants.
Owing to their high transparency resistance, low weight, and
high performance, the demand for sulfone polymers is also
rising in the automotive industry for use in optical reflectors,
headlight bezels, fog lamp housings, oil pumps, oil pistons,
and impellers. Increase in environmental awareness and
shifting trend of automotive manufacturers toward low-weight
materials for fuel efficiency and better performance are
estimated to offer growth opportunities to the sulfone
polymers market from 2016 to 2024.
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3. Transparency Market Research states that the global sulfone
polymers market was valued at US$805.4 mn in 2015 and is
will rise to US$1,394.7 mn in 2024, exhibiting a CAGR of
6.4% between 2016 and 2024.
Applications across Automobile Industry to Continue to Gain
Larger Share in Overall Market
In terms of applications, the report examines the various
applications of sulfone polymer across applications in the
medical, automotive, aerospace, consumer goods, electrical
and electronics, and industrial sectors. Of these, the
applications of sulfone polymer across the medical sector led

4. to the most promising returns, accounting for nearly 24% of
the overall market in 2015. The segment is anticipated to
continue its dominance during the forecast period as well,
chiefly owing to the continuous growth in the global medical
industry and the availability of vast variety of medical grade
sulfone polymer product varieties in the global market.
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Share of segments such as automotive and aerospace are
expected to exhibit moderate yet steady growth in the global
market in the next few years owing to the stable rise in
demand for lightweight and high-performance materials in

5. these segments. Both the segments are expected to exhibit a
nearly 6.5% CAGR over the period between 2016 and 2024.
Sustainable Demand across Medical Industry to Keep North
America and Europe in Dominant Positions
In terms of volume, North America held the dominant share
of more than 39% in the global sulfone polymer market in
2015, in terms of revenue, and the trend is expected to
remain strong in the next few years as well. However, the in
North America, similar to the market in Europe, is projected
to expand at a moderate pace during the forecast period, as
the key end-use industries are well-established in these

6. regions, with little scope for further expansion due to market
stagnation.
Nevertheless, the rising medical industry in the regions is
expected to drive the sulfone polymer market notably by the
end of the forecast period. Resurgence of the automotive
market in the U.S. and healthy growth of the medical devices
market is also likely to provide momentum to the sulfone
polymer market in North America and Europe.
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7. However, the overall performance of the sulfone polymer
market in North America and Europe regions is expected to
be less promising than the Asia Pacific market over the
period between 2016 and 2024. China is projected to be one
of the key consumers of sulfone polymers in the region over
the said period. Other countries such as Japan, South Korea,
and India are also expected to be promising markets for
sulfone during the forecast period. High demand for sulfone
polymers in the production of automotive, electrical and
electronic components, and rise in demand for sulfone
polymers in membrane manufacturing are expected to be the
key factors propelling the sulfone polymers market in Asia
Pacific.

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