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Polyethersulfone (PES) is a transparent, amorphous, and a high-performance polymer. It provides improved toughness, high heat and thermal stability, and improved chemical or solvent resistance properties. Typical applications of PES are found in domestic household goods and plumbing, aerospace industries, in electronic and food applications, and for medical devices. In addition, PES has high chemical resistivity, excellent electrical properties and is lightweight.
An increasing significance of polyethersulfone in industrial applications ranging from automotive, electronics, aerospace to medical and consumer uses is major driving factor behind the growth of the market. In addition, factors such as a surge in the demand for high performance and high heat resistance engineering plastics, rapid growth of the industries such as aviation and automotive, growing adoption of consumer electronics products, and rising application of PES in dental sector are expected to improve growth of the market during the forecast period. Nevertheless, factors such as high cost of polyethersulfone could hamper the growth of the market.
The study analyses global polyethersulfone (PES) market based on type, grade, end use industry, application and geography.
Based on type, PES powder grade segment is expected to witness high growth during the forecast period. PES powder grade exhibit various resistance properties such as long term heat resistance, hot-water resistance, flame resistance and many others. A surge in the use of PES powder grade in applications such as adhesives, paint and coating compounds in solvent solutions, compounds and epoxy reinforcing applications and in hollow-fiber membranes and flat films in solvent solutions is accredited to the growth of this segment.
Based on grade, the market is segmented into medical and industry segment. Growth of these segments can be attributed to the factors such as surge in the adoption of industry grade PES in industries such as electronics, automotive, aerospace and many others, rising introduction of medical grade PES for the medical devices, and extensive use of PES in industrial market for manufacturing of valves and pumps to use in chemical and electrochemical industries, and in process equipment.
Based on end use industry, automotive industry dominated the market in 2020 and is likely to maintain its dominance at high growth rate during the forecast period. Polyethersulfone resin reinforced with carbon fibers or glass is widely used in automotive components & thus replaces metal and thermoset materials. An increasing applications of PES in oil pumps, battery caps, transmission parts, oil control pistons, bearing cages carburetor parts, and ignition components is major contributing factor that flourishing the growth of the market of this segment.
Based on the application, the market for paint and coating segment is projected to witness fast growth during the projection time. Owing to the various benefits of the Polyethersulfone (PES), including chemical resistance, a high-performance thermoplastic, high thermal stability, surface hardness and plus superior adhesion to various substrates, such as stainless steel, glass, aluminum, iron, and aluminum alloys it is widely used as the base for paint and coatings in various application, which is ultimately expanding the growth of the market in this segment.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. North America is likely to dominate the market over the estimated timeframe. The massive presence of major automotive and auto parts manufacturing companies across the region and well-established automotive industry in the countries such as the US and Canada is major driving factor behind the growth of the market in the NA region. Likewise, factors such as growing production and sales of automotive vehicles, growing technological advancements, and rising R&D expenditure in industries such as healthcare, aerospace, and automotive are likely to contribute to the growth of the market in the NA region.
The major key players of market includes BASF SE, Ensinger Inc, Nytef Plastics Ltd, RTP Co, Sabic Innovative Plastics, Solvay S.A, Sumitomo Chemical, UJU New Materials Co, and Westlake Plastics Company among others.
The study analyses global Polyethersulfone (PES) market based on type, grade, end use industry, application, and geography. Polyethersulfone (PES) market by type is segmented into PES powder grades, PES granule grades. The PES powder grades segment is likely to dominate the market over the forecast period. Increased adoption of PES powder grades material in various paint and coating and adhesive applications is attributed to the market growth. By grade, the market is segmented into medical and industrial. By end use industry, market is categorized into automotive, electronics & electrical, household, industrial, medical, water treatment, and others. The automotive segment dominated the market owing to the rapid production of automotive vehicles. The market finds application in paints coatings, composites, and others. The paint and coating segment is likely to register fastest growth in years to come owing to the growing adoption of PES as a base for paint and coating. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.
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