Global High Temperature Thermoplastic Market Trends, Applications, Analysis, Growth, and Forecast to 2028
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“Global High Temperature Thermoplastic Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global high temperature thermoplastic market report has been segmented on the basis of resin type, end-use industry, and region.
Global High Temperature Thermoplastic Market: Introduction
High temperature thermoplastics are utilized in small quantities to add a thermal stability to product. These thermoplastics materials are produced by various advanced compounding techniques which are utilized to increase structural and integrity properties of materials. They also offer exceptional strength and recyclability features to the product. In addition, high temperature thermoplastics offers various properties such as excellent flexibility, durable nature, and chemical resistance, thus are used in various end-use industries such as electrical & electronics, transportation, industrial, medical, among others.
High performance thermoplastics are used majorly as compared to engineering and standard plastics because of their superior mechanical properties, higher chemical composition, and higher heat stability. High temperature thermoplastics are also known as high-tech plastics and high performance polymers.
Global High Temperature Thermoplastic Market: Dynamics
Increasing demand for high temperature thermoplastic across various end-use industries such as transportation and electrical and electronics is a major factor estimated to drive growth of the global market over the next 10 years. In addition, increasing adoption of high temperature thermoplastic owing to its superior properties is another factor anticipated to drive growth of the target market over next few years.
In addition, recyclability and increasing demand from medical industry are other factors expected to drive growth of the global market over the forecast period.
However, high cost of the high temperature thermoplastics and availability of low cost alternative materials are major factors estimated to hamper growth of the global market to certain extent.
Global High Temperature Thermoplastic Market: Segment Analysis
On the basis of resin type, high temperature fluoropolymers segment is estimated to dominate the global high temperature thermoplastic market, due to its suitability in various application areas. The sulfone polymers segment revenue is projected to register highest CAGR over the forecast, owing to increasing acceptance of sulfone polymers in different end-use industries such as electronics and electrical and various industrial sector.
On the basis of end-use industry, the transportation segment is expected to account for major share in terms of revenue in the global market. In automotive industry, high temperature thermoplastics are utilized in fuel systems, drivetrain systems, heating and cooling systems, electronics and electrical systems, air intake systems, mechanical gears, and others. The transportation segment revenue is also projected to register highest CAGR over the forecast.
Global High Temperature Thermoplastic Market: Region Analysis
Asia Pacific high temperature thermoplastic market is expected to account for significant share in terms of revenue in the target market. The Asia Pacific market is also anticipated to register fastest growth in terms of revenue over the next 10 years, owing to increasing public and private investments in healthcare industry and increasing consumption of these thermoplastics in various end-use industries such as electronic components, pharmaceutical & biotechnology, surgical equipment, oil & gas, chemical processing, power plant, among others in countries in this region.
Global high temperature thermoplastic market segmentation:
Segmentation by resin type:
- High Temperature Fluoropolymers (High Temperature FPs)
- High Performance Polyamide (HPPA)
- Polyphenylene Sulfide (PPS)
- Sulfone Polymers (SP)
- Others (Liquid Crystal Polymers (LCP), Aromatic Ketone Polymers (AKP), and Poly-imide (PI))
Segmentation by end-use industry:
- Electrical & Electronics
- Others (Defense, Building and construction, and Consumers goods)
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
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Solvay SA
- DowDuPont Inc.
- Celanese Corporation
- BASF SE
- Arkema S.A.
- Koninklijke DSM N.V.
- Saudi Basic Industries Corporation (SABIC)
- Victrex plc
- Evonik Industries AG
- Toray Industries, Inc.
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