Research and Markets: Global Polyarylsulfone (PSU, PESU, PPSU) Market 2015 – Trends & Forecasts to 2020
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/nt6skg/polyarylsulfone) has announced the addition of the “Polyarylsulfone Market by Types (PSU, PESU, PPSU), By End-User Industry and By Region – Global Trends & Forecasts to 2020” report to their offering.
The polyarylsulfone market has witnessed a significant growth in the recent years and the growth is estimated to persist in the coming years. Among three different polyarylsulfone, polysulfone is the cheapest and has largest market share in the total polyarylsulfone market. Polyhenylsulfone is the costliest and has least market share in the polyarylsulfone market.
Currently, North America is the biggest market of polyarylsulfone, which had more than 30.0% of the total market size in terms of value and consumptions in 2014. U.S. dominates the polyarylsulfone market in the region and had the maximum market share in 2014. Asia-Pacific is the fastest growing polyarylsulfone market, followed by RoW having the smallest polyarylsulfone market size. Asia-Pacific polyarylsulfone market is expected to be the largest market for polyarylsulfone in 2020.
On the basis of end-user industry the polyarylsulfone market is further categorized into medical, automotive, household & food technology, electrical & electronics, mechanical engineering and others. The market is basically driven due to the high growth in medical and automotive industry across the globe.
The major players of polyarylsulfone include BASF SE (Germany), Solvay Chemical Company (U.S.), Sumitomo Chemicals (Japan), SABIC Innovative plastics (Saudi Arabia), Quadrant Engineering Plastics Product (Switzerland), NYTEF Plastics Ltd. (U.S.), Polymer Dynamix (U.S.), RTP Company (U.S.), Westlake Plastics Company (France), and Ensigner Inc. (U.S.). BASF SE and Solvay chemical company are the two major players in the polyarylsulfone market.
BASF SE opened its Ultrason plant in South Korea, to serve the growing demand of high performance specialty plastics in Asia-Pacific. Biesterfeld Plastic GmbH and Solvay Specialty Polymers Italy S.p.A. agreed on a distribution agreement for the distribution of Udel PSU, Polysulfones Radel PPSU and Veradel PESU in Finland and Scandinavia by Biesterfeld Nordic AB located in Malmo, Sweden.
For more information visit http://www.researchandmarkets.com/research/nt6skg/polyarylsulfone
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