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Showing posts with the label Sulfone Polymer Market Share

Sulfone Polymer Market Poised to Expand Substantially Due to Growing Demand from Medical Industry

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  Sulfone polymers have superior properties like high heat resistance, hydrolytic stability, and chemical resistance making them suitable for various applications. They are primarily used in aerospace applications to manufacture lightweight components in commercial aircraft and rockets due to their high-temperature resistance. The global Sulfone Polymer Market is estimated to be valued at US$ 2.65 Bn in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased demand from the aerospace industry remains a key driver accelerating the growth of the sulfone polymer market. Sulfone polymers are extensively used for manufacturing different components of aircraft like fuselage, wings, engine exhaust ducts, and more due to their strength and heat resistant properties. They provide durability and safety in extreme temperatures and reduce the overall weight of ai...

Medical Tourism is fastest growing segment fueling the growth of Sulfone Polymer Market

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  Sulfone polymers are high-performance engineering thermoplastics with excellent chemical and hydrolytic stability along with high strength and stiffness properties. They are widely used in medical device, automotive, aerospace, drinking water distribution and electrical & electronics applications due to their ability to withstand high temperature and exposure to aggressive chemicals. The global Sulfone Polymer Market is estimated to be valued at US$ 2.65 Bn in 2023 and is expected to exhibit a CAGR of 9.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the major trends in  sulfone polymer market  is its increasing usage in medical device applications. Sulfone polymers are biocompatible in nature and US FDA approved for use in medical devices. They are increasingly replacing traditional materials like PVC, ABS and nylon in medical devices due to their advantageous mechanical and t...