sulfone polymers market outlook By 2027

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Sulfone Polymers Market 2021 Global Industry
Size, Reviews, Segments, Revenue, and Forecast to
2027
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Global Market Scenario of Sulfone Polymers
Industry

• According to Global Market Insights, the global
  sulfone polymers market share was accounted at
  1.66 billion in 2020, and is expected to surpass
  2.3 billion by 2027, registering a CAGR of 4.9.
• Sulfone polymers are gaining penetration in the
  automotive, electrical electronics, aerospace,
  consumer goods, and healthcare sectors. The
  material exhibits features like sterilizing
  ability, robust strength, and other key
  capabilities that are required by these
  industries.
• It is also gaining recognition in view of growing
  demand for replacing metals with high performance
  plastic along with its ability to resist high
  temperature. On the basis of such diverse
  features, sulfone polymers are likely to record
  commendable demand from the healthcare,
  aerospace, and automobile arenas, expanding its
  industry share

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• In Asia Pacific, the market is expected to hold a
  dominating share as to growing construction
  activities in the countries like Australia,
  India, China, and Indonesia. The demand for
  electronic products like adjacent electrical
  wiring and related products could influence the
  supply and demand for sulfone polymers. Apart
  from this, rising acceptance of sulfone polymers
  in the regions healthcare industry could
  contribute to increasing its regional market
  size. Generally, sulfone polymers exhibits high
  resistance to germicides, cold sterilant and
  disinfectants.
• The key players operating in the market are
  focusing on taking various strategic initiatives
  for staying competitive in the market.
  Initiatives like expansion, mergers,
  accommodations, and new product launches are some
  of many strategies adopted by companies in this
  landscape. For instance, Youju New Materials Co.,
  Ltd. in 2018 expanded its sulfone polymer
  production capacity to 15,000 MT/year. While,
  BASF SE extended a novel polyphenylsulfone-grade
  Ultrason P2010 with its Ultrason P product range
  in December 2019.

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360 Industry Analysis

• Estimates suggest that the electrical and
  electronics sector is anticipated to witness a
  5.6 CAGR by 2027. Rising application of sulfone
  polymers in connectors, injection-molded printed
  circuit panels, power contactors, relays parts,
  coil formers, semiconductor switches, battery
  cases, power circuit breakers parts, socket and
  plug connectors, and other electronic components
  could supplement projected growth.
• Decent economic growth, FDI in new innovations,
  sophisticated production technology, and a
  growing consumer base for electric devices and
  components across regions like North America
  could foster global market share.
• Estimates suggest that due to its exceptional
  properties like and tensile modulus in elasticity
  and temperature resistance, polyethersulfone
  (PESU) may account for a significant share in the
  sulfone polymers industry. In the year 2020, the
  segment held for over 33 share and is expected
  to grow at the highest CAGR of over 5.3 by 2027.
•  

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• Competitive Analysis
• RTP Company, Youju New Materials Co., Ltd., BASF
  SE, SABIC, Solvay S.A., Sumitomo Chemical Co.,
  Ltd., and Shandong Haoran Special Plastic Co.,
  Ltd. are some of the key players operating in the
  Sulfone Polymers Market.

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