Rising Demand for High-Performance Polymer from Medical Industry
Added: (Wed Jan 09 2019)
Pressbox (Press Release) -
Transparency Market Research has published a new report, according to which, the rising demand for high-performance polymer i.e. PPSU, typically in the medical industry, is expected to provide lucrative opportunities to manufacturers of PPSU, thereby for the global polysulfone market.
PPSU is a material of choice for use in X-ray machines owing to its characteristics like impermeability, low rate of water absorption, and resistance to disinfectants. Additionally, it is used as a cleaning agent in orthopedics, dental applications, sterilization cases and trays, single-use instruments, implantable devices and hemodialysis membranes. These factors, according to the TMR report, are predicted to fuel the global polysulfone market during the forecast period.
In terms of regional perspective, the global polysulfone market is segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. In terms of consumption, North America and Europe dominate the global polysulfone market. Growing technological innovations in the medical industry and expanding automotive industry in the U.S. and Germany are propelling the polysulfone market in North America as well as Europe.
The polysulfone market in Asia Pacific is expected to witness high growth during the forecast period, owing to the growth of end-user industries such as food & beverages, building & construction, and automotive in developing economies such as India, China, Vietnam, and Indonesia. The markets in Latin America and Middle East & Africa are experiencing sluggish growth, due to low awareness about polysulfone in these regions. However, capacity expansion by various automakers in Mexico and countries in GCC and product promotion are expected to further propel the market in Latin America and Middle East & Africa during the forecast period.
Major players operating in the global polysulfone market are included in this report to give better competitive landscape and these are BASF SE, Sumitomo Shoji Chemicals Co., Ltd., Solvay, and Gharda Chemicals Ltd.
To know more about each segment of the polysulfone market and the overall market outlook, click here.
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