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Electrical & electronics industry is expected to boost sulfone polymers market between
2017 and 2024. Usage of the product is escalating in electrical & electronics industry due to
its properties of flame retardants. This industry had witnessed a healthy growth in past five
years and is expected to depict a similar scenario in coming years that complements growth
of the market.
North America is forecast to be a major shareholder in terms of consumption between 2017
and 2024. U.S. is a considerable producer of sulfone polymer in the region.
Demand of the product originates principally from food packaging industry and aviation
sector. North America is anticipated to remain a dominant region in the global sulfone
polymers market in the forecast timeframe.
Major companies in sulfone polymers market are Solvay Corporation, Sumitomo
Corporation, PolyOne Corporation, BASF SE, Solvay, and Jiangmen Youju New Materials Co.,
Ltd. Amongst these Sumitomo, BASF and Solvay are the major producers of Japan, Europe
and U.S. respectively.
Industry consolidation trend is observed in the market as the major manufacturers are
involved in mergers and acquisitions with mid-size and small companies to expand their
footprint in the market.
Source Report:
https://www.gminsights.com/industry-analysis/sulfone-polymers-market
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