Sulfone Polymers Market by Products, Applications & Regional Growth by 2019-2024

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Sulfone Polymers Market Growth Outlook with
Industry Review and Forecast 2019-2024
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Global Market Scenario of Sulfone Polymers
Industry

• Sulfone polymers are majorly used in aerospace
  components and automotive parts and the growing
  demand from these industries is increasing the
  production capacity of sulfone producers,
  augmenting the global sulfone polymers market
  over the forecast timeframe.
• Some aerospace manufacturing companies have
  increased the consumption of these polymers owing
  to their lightness and other incredible
  properties, which are complementing the aerospace
  industry as well as growing the global sulfone
  polymers market during the forecast timeframe.
• Governments are implementing certain regulations
  to control the applications of various types
  sulfone polymers in medical equipment and food
  packaging container and to reduce the risk of
  direct chemical exposure that may damage the
  human health.
• Further, their applications in the food packaging
  industry pass through strict inspection by
  various government food authorities to keep a
  track on any violation of rules by producers.
  Hence, the market is negatively impacted by these
  limitations whereas the development of any
  environmental alternative solution may disturb
  market growth.
• Polyethersulfone segment market is projected to
  grow by a CAGR of around 6.5 due to growing
  application in medical equipment.

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• Its resistant properties along with thermal
  stability, strength, and toughness make it
  suitable for these end-user industries, driving
  the market.
• Automotive is the fastest moving segment, growing
  at a CAGR of 6.6 due to the rapid
  industrialization in emerging countries and
  rising government investments for building and
  constructing better road network, railways, and
  metro, augmenting the demand for sulfone
  polymers.
• Apart from these segments, the aerospace
  application will also grow in terms of revenue
  owing to the increasing demand for low-weight
  components, propelling market growth during the
  forecast timeframe.

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360 Industry Analysis

• Asia Pacific had the maximum market share for
  2016, which is going to increase over the
  forecast spell.
• Growing investments and developing industries in
  the region will propel market growth in
  developing countries including Japan, China, and
  India. In addition, the Middle East and Africa
  will witness moderate growth due to the rising
  demand from various industries over the forecast
  period.
• Europe and Latin America held the highest
  potential in terms of revenue with CAGRs of 5.9
  and 5.8 respectively by 2024.
•  

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• Competitive Analysis
• The market is dominated by prominent players such
  as Sumitomo Corporation, Specialty Polymers,
  Evonik Industries, Infinity LTL, Ovation
  Polymers, SABIC, and Jiangmen Youju. These
  companies hold a potential market share and have
  diverse products.

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