High performance plastics have higher requirements as compared to standard and engineering plastics due to their better mechanical properties, higher heat stability, and higher chemical composition. Thermal stability is an important feature of high temperature thermoplastics. The mechanical properties of high temperature thermoplastics are closely linked to their thermal stability. High temperature thermoplastics are also termed as high performance polymers, high-tech plastics, and high performance thermoplastics. High temperature thermoplastic are used in several end-user industries across the globe.
Market Analysis and Insights: Global High Temperature Thermoplastics Market
Due to the COVID-19 pandemic, the global High Temperature Thermoplastics market size is estimated to be worth US$ 16300 million in 2022 and is forecast to a readjusted size of US$ 24330 million by 2028 with a CAGR of 6.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, High Temperature Fluoropolymers (High Temperature FPs) accounting for % of the High Temperature Thermoplastics global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Transportation segment is altered to an % CAGR throughout this forecast period.
Asia Pacific is dominant in the HTTs market. The rising demand for HTTs in this region is mainly driven by their increased use in transportation, electrical & electronics, and medical industries. North America is the second-largest consumer and manufacturer of HTTs, globally. The market in this region is mainly driven by the growing opportunities from electrical & electronics and medical industries. Transportation and electrical & electronics are the top 2 end-use industries contributing to the growing demand for HTTs globally. The Middle East & Africa is the second fastest-growing region after Asia Pacific due to the growing electrical & electronics industry in the region.
Global High Temperature Thermoplastics Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global High Temperature Thermoplastics Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
High Temperature Fluoropolymers (High Temperature FPs)
High Performance Polyamide (HPPA)
Polyphenylene Sulfide (PPS)
Sulfone Polymers (SP)
Liquid Crystal Polymers (LCP)
Aromatic Ketone Polymers (AKP)
Poly-imide (PI)
Segment by Application
Transportation
Electrical & Electronics
Industrial
Medical
Others
By Company
Solvay
DowDuPont
Celanese
BASF
Arkema
Royal Dsm
Sabic
Victrex
Evonik
Toray Industries
Freudenberg
DIC
Sumitomo Chemicals
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina