Polyethersulfone (PESU) Market Size, Share, Growth, And Industry Analysis, By Type (Granules & Powder), By Application (Electronics and Electrical, Vehicle Construction, Food Industry, Medical Industry, & Other), Regional Forecast To 2031

Updated On: 08 April 2024

Polyethersulfone (PESU) Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global polyethersulfone (PESU) market size was USD 429.5 million in 2022 and is projected to touch USD 654.93 million by 2031, exhibiting CAGR of 4.8% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the Polyethersulfone (PESU) Market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Polyethersulfone (PESU) can be understood as a better member of the thermoplastic polymer group. It is introduced as a sulfone plastic which is very rough and can resist high heating temperatures. The features of the polyethersulfone market such as resisting high temperatures and being hydrolyzed enable one to use it in the military and medical industry. Polyethersulfone is used because along with excellent efficiency, it also exhibits the best electrical properties even at extreme temperatures. It causes low smoke and it is not tough to be machined.  The pandemic affected the market but now the market is facing a rise in demand. 

Recently, the market has attracted several new consumers. There has been an increase in demand in the market due to increasing investments in filtration technologies in the food and beverages and sanitary industry. For better results, it is also used in several industries like automotive, medical & dental, construction industries, and aerospace industries. Additionally, the accuracy and efficiency that these Polyethersulfone (PESU) provide influence their demand in the global market. 

COVID-19 Impact: Market Growth was Restrained due to a fall in Production Level During the Pandemic

There was not a single sector that was unaffected by COVID-19. The Polyethersulfone (PESU) Market was disturbed as well. The COVID-19 pandemic did affect the production process of Polyethersulfone (PESU). Everyone rushed to their homes and hence there was a deficiency of labor. Along with insufficient labor supply, the government regulations were also not encouraging.  There was no trade possible because of the lockdown. As a consequence, there was a fall in demand as well during the pandemic. 

Latest Trends

"Growing Filtration needs Will Influence the Demand in Market"

The Polyethersulfone (PESU) Market is as dynamic as any other market. In the market, there is everyday development to add more benefits to it. Recently, in the food and beverages industry, there has been an increase in polyethersulfone as it is used for filtration purposes. This is why attention is also paid to polyethersulfone by the sanitary industry as well. Along with it, these recent development attracts more investments in the market as well. 

Polyethersulfone (PESU) Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into Granules & Powder.

In terms of services, Powder is the largest segment, as it holds the maximum share of the market.

• By Application Analysis

Based on application, the market can be divided into Electronics and Electrical, Vehicle Construction, Food Industry, Medical Industry, & Other

Driving Factors

"The Rising Adaptation of Engineering Plastics has increased the demand in the Market "

Developing nations are focusing on digital advancements. This has led to an increase in the adoption of Polyethersulfone (PESU) as well. This is because there has been an increase in the adaption of engineering plastics in several sectors. Polyethersulfone (PESU) is used in construction activities for making UF membrane material. In the industrial market, it is used to make pumps and valves. Additionally, it is also used in the electrochemical and aviation industries. This has laid beneficiary effects on the demand for Polyethersulfone (PESU)s. Polyethersulfone (PESU) is easily available in the market and is economical as well this has led to a positive impact on the Polyethersulfone (PESU) Market growth. 

"The Use of Polyethersulfone in the Dental and Medical Industry has influenced the Demand in the market"

The Polyethersulfone (PESU) Market has witnessed massive growth because of several factors but one of the prime factors promoting the Polyethersulfone (PESU) Market growth involves the use of it in the dental and medical field. The excellent thermal and chemical resistance character that it has influences its adaption in place of other thermoplastics. For better dental services and great results, consumers pick polyethersulfone. This is why the efficiency that Polyethersulfone (PESU) provides increases the demand in the market. 

Restraining Factors

"The availability of Economic Alternatives has led to a Declining Trend in the market"

It is quite a known fact that the Polyethersulfone (PESU) market is perfect for jobs in various industries but other plastics are more economical than Polyethersulfone (PESU) and provide equal efficiency. Even after attracting heavy capital requirements, there will always be a need to maintain it. Buying Polyethersulfone (PESU) is an expensive deal for the manufacturers. The availability of economic alternatives has resulted in the declining trend in the Polyethersulfone (PESU) market. 

Polyethersulfone (PESU) Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"North-America Region Dominates the Market Due to the Increasing Number of Automotives Industries"

The Asia-Pacific region holds the dominant Polyethersulfone (PESU) Market share in the global market. This is because of various factors. One of the primary factors is the infrastructural advancements in this region.  In this region, several developing economies are focusing on using Polyethersulfone (PESU)s to increase the number of automotive industries.  This also encourages investments in the Polyethersulfone (PESU) market in this region. Also, industrialists of this efficiency it comes with.  Additionally, there is an increase in the per capita income of people in this region and that is what encourages the manufacturers to use Polyethersulfone (PESU) to increase their revenue as it is an upgradation in technology which brings in new advantages. 

Key Industry Players

"KEY PLAYERS FOCUS ON INNOVATIONS AND COLLABORATIONS "

The key players have noted the technological advancement done in various sectors including medical, military, and aerospace using polyethersulfone and therefore they have started working on the development of a Polyethersulfone (PESU) that can be made easily in different sectors. The key players have understood that the advancements in Polyethersulfone (PESU) will help them in earning more revenue and hence they work the innovations along with collaborations to manufacture Polyethersulfone (PESU) on a large scale.    

List of Market Players Profiled

• Solvay
• Basf
• Sumitomo
• Jiangmen Youju
• Yanjian Technology

Report Coverage

The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. 

Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.