Polyarylsulfone Market Size, Share & Trends Analysis Report By Product (PPSU, PSU, PEI & PESU), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2024 - 2030

Polyarylsulfone Market Size & Trends

The global polyarylsulfone market size was valued at USD 1.89 billion in 2023 and is projected to grow at a CAGR of 6.7% from 2024 to 2030. The market growth is due to rising demand for polyarylsulfone (PAS) in end-use industries such as automotive, construction, biotechnology, medical, and more. This increased demand is due to properties offered by PAS, such as high strength, durability, electrical and flame resistance, sterilization, and more. Hence, these properties of PAS that withstand harsh environments have resulted in an increased demand for PAS components.

Growing demand in various industries, especially in regions with advanced technology, is fueling the market for PAS. Advances in processing methods and formulations have broadened the scope of PAS applications, continuing to drive market growth. Furthermore, the trend towards using lightweight and high-performing materials in industries such as aerospace and automotive is driving the development of the PAS market as companies are targeting to reduce the usage of heavy metals and replace them with lightweight polymers. PAS also provides excellent impact resistance and tensile strength. Hence, PAS is used more in manufacturing components such as transmission parts, in-vehicle electrical and electronic parts, cooling water circuits, headlights, and more.

High-performance thermoplastic polymer polyarylsulfone (PAS) consists of phenyl and biphenyl groups connected by ether and sulfone groups. It exceeds the performance of conventional thermoplastics in thermal resistance and short- and long-term thermal stability. The exceptional characteristics of polyarylsulfone (PAS), such as strong chemical resistance and high dielectric strength, have increased adoption in various manufacturing sectors. The utilization of PAS in water treatment and automotive sectors due to its exceptional resistance to hydrolysis and regular sterilization has also aided in the market growth.

Product Insights

The PEI & PESU segment dominated the market in 2023 with a share of 52.8%. The market growth is attributed to properties offered by polyetherimide (PEI) & polyethersulfone (PESU), such as dimensional stability, high strength, excellent rigidity, and electrical properties. There is an increased demand for PESU to manufacture connectors, face shields, light bases, machine guards, and more, as PESU offers better electrical properties at extreme temperatures and chemical resistance. The flame resistance property of PEI has also aided in the market growth. Hence, these factors are responsible for the market growth of this segment.

The PPSU segment is expected to grow at a CAGR of 9.3% during the forecast period due to properties offered by polyphenyl sulfone (PPSU), such as sterilization at high-temperature steam. The devices made from PPSU do not lose any features even after sterilization at high temperatures. Hence, there is an increased demand for PPSU to manufacture medical devices and dental equipment. Therefore, these factors are responsible for the market growth of this segment.

Regional Insights

North America dominated the polyarylsulfone (PAS) market, with a market share of 34.1% in 2023. The market growth is attributed to the growth in the thermoplastic industry and sectors such as medical, aerospace, automotive, electrical, and electronics. The growth in these sectors has resulted in increased demand for polyarylsulfone-based equipment. Furthermore, development in the industrial sector in countries such as Canada and Mexico has allowed major companies to improve their market expansion. Hence, these factors are responsible for the market growth in this region.

U.S. Polyarylsulfone Market Trends

U.S. held a substantial market share in North America's polyarylsulfone (PAS) market. The market growth is due to growth in the automotive sector, which has led to increased demand for polyarylsulfone. Furthermore, the growing usage of polyarylsulfone in industries such as medicine, electrical electronics, and more has led to the growth of the country's polyarylsulfone (PAS) market.

Europe Polyarylsulfone Market Trends

Europe polyarylsulfone (PAS) market was identified as a lucrative region in this industry as it had a market share of 23.5% in 2023. The market growth is attributed to the rising usage of PAS in the automotive industry, as it aids in weight reduction and fuel efficiency. Rising demand for high-performance semiconductors in the region has also led to market growth. Furthermore, the region's growing aerospace and defense sector has led to increased usage of PAS due to its durability and heat-resistant properties. Hence, these factors contribute to the market growth in this region.

The German polyarylsulfone (PAS) market is expected to grow rapidly due to the presence of major automotive companies and the increased incorporation of PAS in the manufacturing of components. German vehicle manufacturers invest heavily in research and development to improve vehicle efficiency and performance. Hence, they are focusing on implementing PAS-based components to improve vehicle performance. Thus, these factors aid in the growth of this country's polyarylsulfone (PAS) market.

Asia Pacific Polyarylsulfone Market Trends

Asia Pacific had a market share of 28.8% in 2023. The market growth is due to the presence of major manufacturing sectors and rapid urbanization in countries such as China, India, and Japan. Rapid urbanization has also led to growth in the construction sector, resulting in increased implementation of PAS-based equipment. Furthermore, industries such as smartphone and semiconductor manufacturing have also led to market growth in this region.

China held a market share of 33.4% in the Asia Pacific market for polyarylsulfone in 2023 due to the presence of a developed manufacturing hub allowing companies to mass-produce PAS components at affordable prices. The presence of major semiconductor and electronic components companies has led to increased demand for PAS components such as connectors and circuit boards. Therefore, these factors aid in the growth of the polyarylsulfone (PAS) market in China.

Key Polyarylsulfone Company Insights

Some of the major companies in the polyarylsulfone (PAS) market Solvay; BASF; SABIC; Celanese Corporation; DIC Corporation; RTP Company, and more. Companies are focusing on production of PAS with better efficiency. The companies are also focusing on improving their market penetration in developing markets.

• Solvay is a plastic and chemical company that specializes in production and distribution of chemicals and advanced materials. The company caters various sectors such as agriculture, automotive, construction, healthcare, and more.

• BASF is a chemical company specializing in chemicals, plastics, performance products, agriculture solutions surface technologies, nutrition, and more. the company also deals with crude oil and natural gas exploration and production. 

Polyarylsulfone Market Report Scope

Global Polyarylsulfone Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global polyarylsulfone (PAS) market report based on type, application, and region.

• Product Material Outlook (Revenue USD Million; Volume in Kilotons, 2018 - 2030)

  • PPSU

  • PSU

  • PEI & PESU

• Regional Outlook (Revenue USD Million; Volume in Kilotons, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

    • Indonesia

    • Vietnam

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait