Global Heat Resistant Polymer Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027
MarketResearch.biz delivers in-depth insights on the global heat resistant polymer market in its upcoming report titled, “Global Heat Resistant Polymer Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global heat resistant polymer market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global heat resistant polymer market report has been segmented on the basis of type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Heat resistant polymers are resistant to degradation at high temperatures and therefore can be widely used in the electronics, transportation, biomedical, and defense sectors. High-temperature resistant polymers are manufactured from chemicals using multiple processes, one of the most popular is the chain reaction polymerization. These polymers are consumed in manufacturing of electrical insulations, packaging, coal boilers, and gaskets. Furthermore, they are also used as raw materials for manufacturing high-temperature fuel cells in a chemical manufacturing industry. Aerospace and automotive industries have been continuously focusing on research and development to bring advanced solutions for increasing fuel efficiency of vehicles by replacing the conventional materials.
Rising demand for heat resistant polymer products from the aerospace and automotive industries due to its excellent heat resistant property is a major factor driving growth of the global heat resistant polymer market. In addition, rising demand for heat resistant polymer from electrical and electronics industries is another major factor driving growth of the global heat resistant polymer market. Heat resistant polymer are utilized in circuit breaks, connectors, and motor brush card in electronics and electrical industry.
However, fluctuating raw material prices and high cost of heat resistant polymers are major factors estimated to hamper growth of the global heat resistant polymer market to a certain extent.
Asia Pacific heat resistant polymer market is estimated to account for major share in terms of revenue in the global heat resistant polymer market. Asia Pacific heat resistant polymer market is also anticipated to witness fastest growth in terms of revenue over the next 10 years, owing to increasing demand from the transportation, electronics and electrical, and construction industries in countries in the region. China market is estimated to account for significant share in terms of revenue in the Asia Pacific, whereas the India market is projected to register highest CAGR over the forecast period. Rapid growth in industrial sector and increasing disposable income of people in this region are major factors fueling growth of construction and electrical and electronics industries, which in turn is estimated to fuel growth of heat resistant polymer in this region.
Global Heat Resistant Polymer Market Segmentation:
Segmentation by type:
- Polyphenylene Sulfide
- Polybenzimidazole (PBI)
- Polyether Ether Ketone (PEEK)
Segmentation by application:
- Electronics & Electrical
- Others (aerospace, marine, and construction)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Arkema SA
- BASF SE
- Daikin Industries, Ltd.
- Evonik Industries AG
- Solvay SA
- Celanese Corporation
- I. du Pont de Nemours and Company
- Kuraray Co., Ltd.
- Saudi Basic Industries Corporation
- Victrex plc
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