According to a detailed report by Fact.MR, a market research and competitive intelligence provider, the market for 4,4-dichlorodiphenly sulfone accounts for an approximate valuation of US$ 419 million in 2022 and is estimated to evolve at a CAGR of 4.2% during the forecast years of 2022-2032.
Engineered plastics have immense demand from the healthcare sector. These engineered plastics are required for the production of special membranes used in critical medical procedures. Rebound in the healthcare sector and utmost requirement to strengthen the overall healthcare infrastructure demands for increased production of speciality chemicals. The demand for engineered plastics is also rising from the automotive industry as a result of changing government regulations.
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All these factors reflect towards the increasing demand for DCDPS and presents an opportunity for manufacturers to focus on technological innovations. In addition, manufacturers are focusing on sustainability and the adoption of methodologies in recycling used equipment. This transition tends to attract loT research activities and would uplift the quality of engineered plastics with enhanced efficiency.
Key Takeaways from Market Study
- The global 4,4-dichlorodiphenyl sulfone market is estimated to expand at a CAGR of 4.2% from 2022 to 2032.
- The market exhibited a slow growth rate of 2.7% from 2017 to 2021.
- Production of engineered plastics demands high utilization of DCDPS and contributes 75.2% revenue to the global market.
- South Asia & Oceania dominates the consumption of 4,4-dicholordiphenyl sulfone and accounts for 44.5% market share.
- Industrial grade is being extensively used in various end-use industries such as healthcare, automotive, and production of electrochemical equipment.
- Demand for pharma grade DCDPS is expected to increase at a CAGR of 5.3% owing to increasing demand in healthcare infrastructure.
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“Advancing technologies will boost the requirement of 4,4-dichlorodiphenyl sulfone in the healthcare & automotive industries,” says a Fact.MR analyst.
Approach of Eminent Market Players
4,4-dichlorodiphenyl sulfone manufacturers such as Solvay S.A, Aarti Industries Limited, Atul Limited, Vertellus Holdings LLC, and others are focusing on ramping up their production capacities. Product innovation is a major criteria for manufacturers to focus on as end users are mainly concerned about the efficiency of the plastics produced.
Also, manufacturers are adopting organic and inorganic methodologies to sustain in this rapidly changing market. With the pace at which technology is changing, it is quite challenging to maintain the consumer base. Players are embracing forward integration as a prime strategy to adapt to the changing market dynamics.
Segmentation of 4,4-Dichlorodiphenyl Sulfone Industry Survey
- By Grade :
- Industrial Grade
- Pharma Grade
- Reagent Grade
- By Application :
- Engineered Plastics
- Polysulfone (PSU)
- Polyethersulfone (PESU)
- PolyPhenylSulfone (PPSU)
- Engineered Plastics
- By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
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