Tuesday, 12 July 2016

Global Sulfone Polymers Market to be driven by its application in electronics and electrical appliances; Industry Analysis 2020

Sulfone polymers are a class of thermoplastic polymers, which exhibits high temperature resistance. Sulfone polymers are unique and different from the other thermoplastic materials due to its high hydrolytic stability and ability to achieve transparency. Sulfone polymers are also approved by the FDA for food contact owing to its low toxicity. Sulfone polymers exhibit outstanding electrical properties, flame retardant properties and radiation resistance, which render it applicable in a host of applications such as aircraft radomes, circuit boards, terminal blocks and connectors among many others. Sulfone polymers are also exceptionnaly tough materials with long term creep resistance and very low mold shrinkage properties. This makes the polymer attractive for applications, which require close tolerance and excellent dimensional stability.

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The sulfone polymers market is driven by its application in electronics and electrical appliances. The flame retardant property and dimensional stability of sulfone polymers are the main reason for its vast usage in the electronics industry. The exceptional growth of electronics market has augured well for the sulfone polymer market The plastic’s use in aircraft interiors in another important driver for the market. Sulfone polymers are extensively used to manufacture the interiors of aircrafts. Use of sulfone polymers in the food packaging industry is notable. Unlike most plastics sulfone polymers are approved for food applications across the world. Food items, which require repeated steam sterilization, can be packed in sulfone polymer membranes. Sulfone polymers retain good physical properties even on repeated exposure to steam. Sulfone polymers are also extensively used in the medical industry. Sulfone polymers are used to manufacture several medical and dental care devices, orthopedic devices and sterilization trays and cases. Apart from these main applications, sulfone polymers also find application in the manufacturing of coatings, composites, fuel systems, pipes and fittings and membranes among many others. Sulfone polymers are gradually replacing existing techniques and materials and have exhibited strong growth in the recent past.

The sulfone polymers market has excellent growth prospects with the gradual penetration in its applications. Sulfone polymers are not extensively used for automotive applications. However its physical properties render it suitable for use in automotive parts and interiors. Application in automotive manufacturing is a potentially exciting opportunity for sulfone polymers market. There are no apparent restraints to this market as sulfone polymers are approved for use in almost all geographical regions in the world.

North America is by far the largest consumer of sulfone polymers. The north America market alone account for over 60% demand for sulfone polymers. North America is also the highest producer of sulfone polymer and own about 70% of the global manufacturing capacity. Europe is the second largest consumer of sulfone polymer followed by Asia Pacific. China and Japan are the main consumers of sulfone polymers primarily owing to the high demand from electronics’ industry. The market for sulfone polymer is expected to grow at a rapid pace in Asia Pacific led by China in the near future. The growth rate is estimated to be moderate for North America and Europe regions. The U.S. and Germany are the largest producers and exporters of sulfonic polymer.

Some of the major players in the sulfonic polymers market are Sumitomo Corporation, Solvay Corporation and BASF SE among some others. Solvay is the largest producer in the U.S. while BASF is the largest producer in Europe region.

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