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Chemical Engineering and Process
PPSU material development
Time： 2024-03-22 10:39:28
Author： HM Progress Technology Co., Ltd
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The global polyphenylsulfone (PPSU) market reached USD 201.5 million in 2022 and is expected to reach USD 261.1 million by 2030, registering a CAGR of 3.4% during the forecast period 2023-2030.
The global PPSU market is expected to grow in the coming years, owing to its adaptability, increasing applications across industries, continuous technological improvements, and increasing emphasis on resiliency and security. In a dynamic global PPSU industry, companies that prioritize innovation, cost-effectiveness, and solving market problems are likely to thrive and take advantage of the opportunities that exist in the product market.
Many well-known companies that produce, manufacture, and use high-performance polymers such as PPSU are based in Europe. The presence of these industry players fosters innovation, research, and development, thereby contributing to the expansion of the PPSU market in Europe. For example, by 2023, BASF's polyphenylsulfone (PPSU) will extend the service life of its sensors due to its superior toughness and chemical resistance. As a result, milk meters can withstand harsh farm conditions and frequent cleaning. As a result, Europe holds a significant market share.
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