ALBANY, New York, November 15, 2016 /PRNewswire/ -- Transparency Market Research has released a new market report titled "Sulfone Polymers (Polysulfone (PSU), Polyethersulfone (PESU) and Polyphenylsulfone (PPSU)) Market for Medical, Automotive, Aerospace, Consumer Goods, Electrical & Electronics, Industrial and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024." According to the report, the global sulfone polymer market was valued at US$ 805.4 Mn in 2015 and is projected to reach US$ 1,394.7 Mn by 2024 expanding at a CAGR of 6.4% from 2016 to 2024. Medical industry has been expanding significantly in North America and Europe in past few years. Sulfone polymers are majorly used in various applications in medical and dental devices. Automotive, is one of the key application industry, which has been escalating steadily since the last few years due to extensive demand from developed and developing regions. Sulfone polymers are widely used in the automotive industry owing to its physical properties such as high temperature sustainability and high impact resistance. It is typically employed in the manufacture of water cooling & oil circuits, rear lamp gaskets, headlights, and oil pistons. Growth in the medical devices is expected to provide the necessary momentum to the sulfone polymer market in the next few years. Browse Latest Research Report with ToC:http://www.transparencymarketresearch.com/sulfone-polymers-market.html However, factors such as high cost of raw materials and higher lead times for manufacturing sulfone polymers in the global market are anticipated to hamper market growth during the forecast period. Increasing inclination of automotive manufacturers toward lightweight material for fuel efficiency and better performance, is estimated to boost the demand for sulfone polymers in automotive industry. This, in turn, is projected to offer growth opportunities to the sulfone polymer market during the forecast period.