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