Polyethersulfone MarketSize and Trends

Polyethersulfone Market Dynamics

Rising electronics & electrical industry, globally is boosting demand for polyethersulfone. PES is used in various electrical components such as coil formers, plug-in and socket connectors, transparent cover for signal lamps, lamp holders, chip tray, battery shields, lamp shields, sensors, chip carriers, TV components, and projector components. According to ZVEI (Germany’s Electrical Industry), in 2016, the global production in Electrical & Electronics industry was US$ 4,415.17 billion.

Polyethersulfone Market Regional Outlook

North America is expected to account for major share over the forecast period, owing to the presence of established automotive and auto parts manufacturers in the region, particularly Mexico. Rising production of auto parts in the economy may propel demand for polyethersulfone, as it is used in various auto parts and components such as oil pumps, ignition components, and bearing cages. According to the International Trade Administration (INA), the production of auto parts increased to around US$ 85 billion in 2015 from US$ 76.8 billion in 2013.

Furthermore, the increasing production of vehicles in Mexico may boost demand for auto parts, which in turn would result in increasing demand for polyethersulfone. According to the INA, in 2015, 3.4 million vehicles were produced in the Mexico. As per the Mexican Association of Automotive Industry, Mexico is estimated to produce 5 million vehicles by 2020.