Industry Insights
Polyarylsulfone (PAS) possesses exceptional chemical and electrical properties which include strong chemical resistance along with high dielectric strength. PAS is also capable of providing excellent resistance to hydrolysis and repeated sterilization which is increasing the product application, primarily in water treatment and the automotive sector.
Chemical & medical filtration process includes reverse osmosis systems, nanofiltration and ultrafiltration processes. In the beverage industry, PAS is expected to be used to purify juices, corn syrup, wines, dextrose in corn million and lactose during dairy processing. The construction industry is expected to witness high demand owing to developing use in plumbing fittings and faucet components production.
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In 2017, polysulfone (PSU) emerged as the second largest product by volume in the global polyarylsulfone industry with key applications in electrical & electronic, membranes and plumbing fittings. Polyphenyl sulfone (PPSU) is primarily used in specialty applications owing to its high cost.
Medical & dental instruments, pipe fittings & manifolds, aircraft interiors, and wire insulation are some of the most prominent application of PPSU. Global polyarylsulfone market value chain consists of raw material, manufacturer, distribution and end-use industries. PAS supply chain is a pull-based model where supply depends upon customer demand and order.
Product Insights
PPSU has a property of getting sterilized easily by high temperature steam without any feature loss owing to which the product has significant potential to witness increased demand in medical devices and dental instruments at the fastest growth rate. In the aerospace industry, PPSU is highly used for aircraft interiors.
Growing concerns regarding food quality and safety coupled with stringent regulations by FDA is influencing filter demand which in turn is expected to propel PSU demand for membrane manufacturing applications. PSU is likely to witness higher demand owing to its increasing use for membrane application in oil & gas, medical, biotechnology, wastewater treatment, and sanitary industry.
In the beverages industry, PAS is majorly used in the manufacturing of wines and juices while in the food industry, it is used for various cereals including corn and dairy products. The increasing need for wastewater treatment which is a major application of the product segment is likely to develop the overall market over the coming years.
Regional Insights
The Asia Pacific led by China, Japan, India, and South Korea, among others emerged as the second largest polyarylsulfone market and is likely to grow at the fastest growth rate over the forecast period. The demand has been primarily driven by the presence of large-scale automotive industry coupled with developing manufacturing industry primarily in China and India.
Growth in automotive production, high standard of living, growing population, and the presence of newly developed economies are several important factors which are creating a positive growth potential for PAS in Europe. Rapid urbanization along with the presence of renowned large-scale automakers are contributing towards the development of the automotive market in this region which is developing the product application scope.
Strong demand for consumer electronics in emerging markets including the UAE, Saudi Arabia, and Qatar coupled with the proliferation of wearable devices are anticipated to be some of the key trends driving the PAS demand in the region. The lifting of economic sanctions in Iran and the drive for economic diversification between the oil-exporting countries of the Gulf cooperation council, the MEA region is projected to continue witnessing the growth in the polyarylsulfone market.
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Report Scope
Attribute | Details |
Base year for estimation | 2017 |
Actual estimates/Historical data | 2014 - 2016 |
Forecast period | 2018 - 2025 |
Market representation | Volume in Tons, Revenue in USD Million & CAGR from 2018 to 2025 |
Regional scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors and trends |
Country Scope | U.S., Germany, Italy, UK, China, India, Japan, South Korea, Taiwan |
15% free customization scope (equivalent to 5 analyst working days) | If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |