Global High Performance Plastics Market, By Type (Fluoropolymers, HPPA, Polyphenylene Sulphide, Liquid Crystal Polymers and Polyimides), End Use Industry (Transportation, Medical, Industrial, Electrical and Electronics, Defense and Building and Construction), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of High Performance Plastics Market
Data Bridge Market Research analyses that the high performance plastics market will witness a CAGR of 9.30% for the forecast period of 2021-2028. Growth and expansion of electrical and electronics industry especially in the developing economies, growing use of high performance plastics for a wide range of end use applications such as transportation and automotive applications, medical, Industrial, electrical and electronics, defense and building and construction applications and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the high performance plastics market.
High performance plastics are the polymers possessing greater degree of chemical resistance, mechanical strength and temperature resistance properties. The high performance plastics are lightweight and durable involving low maintenance.
Rise in initiatives and supportive government policies and regulation is the root cause fuelling up the high performance plastics market growth rate. Rising industrialization coupled with growth in the application of HPPS in aerospace and automotive applications especially in the developing economies will also directly and positively impact the growth rate of the high performance plastics market. Growth and expansion of various end user verticals coupled with surge in the awareness about the benefits of HPPS will further carve the way for the growth of the high performance plastics market. Growth in the usage of aromatic ketone polymers will also foster the high performance plastics market growth rate.
However, high cost of HPPS coupled with rising environmental concerns will pose a major challenge to the growth of the high performance plastics market. Availability of substitutes in the market also will dampen the high performance plastics market growth rate. Fluctuations in the prices of raw materials will further derail the high performance plastics market growth rate.
This high performance plastics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on high performance plastics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global High Performance Plastics Market Scope and Market Size
The high performance plastics market is segmented on the basis of type and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the high performance plastics market is segmented into fluoropolymers, HPPA, polyphenylene sulphide, liquid crystal polymers and polyimides. Fluoropolymers segment is sub-segmented into PTFE, PVDF, FEP and fluroelastomers. HPPA segment is sub-segmented into polyamide 11, polyamide 12, polyamide 9T, polyamide 46, polyphthalamide and polyacrylamide. Polyphenylene sulphide segment is sub-segmented into sulfone polymers, polysulfone, polyether sulfone and polyphenylsulfone. Liquid crystal polymers segment is sub-segmented into aromatic ketone polymers, polyether ether ketone and polyether ketone. Polyimides segment is sub-segmented into polyether-Imide, polyamide-Imide and polyester-lmide.
- On the basis of end use industry, the high performance plastics market is segmented into transportation, medical, Industrial, electrical and electronics, defense and building and construction. Transportation segment is sub-segmented into automotive and aviation. Medical segment is sub-segmented into pharmaceutical and biotechnology, surgical equipment, diagnostic, therapeutic system and dental. Industrial segment is sub-segmented into oil and gas, power plants and water treatment. Electrical and electronics segment is sub-segmented into telecommunications, semiconductors, electronic components, display and defense electronics.
Global High Performance Plastics Market Country Level Analysis
The high performance plastics market is analysed and market size, volume information is provided by country, type and end use industry as referenced above.
The countries covered in the high performance plastics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the high performance plastics market and will continue to flourish its dominance during the forecast period owing to the growing application by electronics and pharmaceutical industries. Asia-Pacific will however register the highest CAGR for this period growth and expansion of electrical and electronics industry especially in the developing economies such as India and China.
The country section of the high performance plastics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and High Performance Plastics Market Share Analysis
The high performance plastics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to high performance plastics market.
The major players covered in the high performance plastics market report are BASF SE, SABIC, Dow, LyondellBasell Industries Holdings B.V., KRATON CORPORATION., DuPont., RTP Company, 3M, DSM, Solvay, Evonik Industries AG, Eurostar Engineering Plastics, KURARAY CO., LTD., TORAY INDUSTRIES, INC., DIC CORPORATION,, KUREHA CORPORATION, PolyOne Corporation, Ryan Plastics Ltd., Polyplastics Co., Ltd., and Sumitomo Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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