Title: High Performance Plastics Market Global Production, Growth, Share, Demand and Applications Forecast to 2023
1High Performance Plastics Market Research Report
- Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
2High Performance Plastics Market Research Report-
Forecast to 2023
High Performance Plastics Market - Overview
The Global High-Performance Plastics Market is
anticipated to grow at a rapid pace and an
alluring 7 CAGR over the predicted years
(2018-2023). High Performance Plastics or HPP are
highly valued for its wide array of excellent
properties. It has been specially designed to
withstand as well as perform in the extreme
environments which includes high velocity, high
pressure, very high temperature, very low
temperature and more. HPP is used constructively
in various industrial applications such as
applications that need high abrasion resistance,
shock absorption and high heat exposure
applications in aerospace and glass industries,
defined conducting, highly insulating, emission
proof and heat resistant materials for electrical
and semiconductor engineering industry,
hydrolysis and sterilization resistant materials
for the medical devices, radiation resistant and
emission proof components for vacuum technology,
applications in nuclear energy and x-ray
technology, components for chemical industry,
components for aerospace and aircraft
applications where the extreme temperatures (high
and low) are a challenge and downhole drilling
application in oil gas industry. Some of the
key characteristics of High-Performance Plastics
include extreme chemical and temperature
resistance, reduced downtime and maintenance and
lightweight. There are many factors that is
driving the growth of the High-Performance
Plastics Market. Some of these factors as per the
Market Research Future (MRFR) report include
increasing adoption in the Automobile and
Aerospace industry, rapid development in the
chemical industry, increasing demand in the
electronics industry, rapid industrialization,
urbanization and supportive regulations and
policies. On the contrary, factors such as
increasing cost of production, shift of the
end-use market to emerging countries from
developed countries and high raw material prices
may hamper the growth of the High-Performance
Plastics Market.
3High Performance Plastics Market Research Report-
Forecast to 2023
Segmental Analysis
Market Research Future report offers an
all-inclusive segmental analysis of the
High-Performance Plastics Market on the basis of
Type and End-Use. Based on Type, it is segmented
into polyetherimide, liquid crystal polymers,
polyphenylene sulphide, sulfone polymers,
polyamides, fluoropolymers and others. Of these,
fluoropolymers will have the largest share in the
market due to its wide application in films,
compounding, gaskets, tubing, coating and
seals. Based on End-Use, the High-Performance
Plastics Market is segmented into industrial,
electrical and electronics, aerospace and
defense, automotive and others. Of these, the
automotive segment will lead the market. HPP are
in high demand in automotive manufacturing as it
makes cars lighter that further aids to reduce
fuel consumption and carbon emission. View Full
Press Release _at_ https//www.marketresearchfuture.c
om/reports/high-performance-plastics-market-1987
4High Performance Plastics Market Research Report-
Forecast to 2023
Regional Outlook
Based on Region, the High-Performance Plastics
Market covers growth opportunities and latest
trends across North America, Europe, Asia Pacific
and Rest of the World. Of these, North America
will have a lions share in the High-Performance
Plastics Market over the predicted years followed
by Europe owing to presence of various industry
leaders coupled with constant requirement for
technological upgrades. Both consumer electronics
and automotive industries are the leading
industries here that are boosting the market
demand. Besides, the mounting demand for HPP from
end-use industries and supportive government
regulations and policies is driving the growth of
the high-performance plastics market here. The
market in the APAC region is expected to grow at
the fastest CAGR due to industrialization and
urbanization. The electronics industries in the
leading APAC countries namely India, South Korea,
Japan and China are anticipated to have
phenomenal growth over the predicted years. The
flourishing and growing automobile industry in
this region is projected to have a phenomenal
growth owing to various technological
advancements namely electric and hybrid vehicles.
It has paved the way for HPP to advance in this
region immensely.
5High Performance Plastics Market Research Report-
Forecast to 2023
Major Players in this Research
- High Performance Plastics Market Prominent
Players - Daikin Industries, Ltd. (Japan)
- Celanese Corporation (U.S.)
- Solvay S.A. (Belgium)
- BASF SE (Germany)
- Arkema S.A. (France)
- Evonik Industries AG (Germany)
- E. I. Dupont De Nemours and Company (U.S.)
- Victrex PLC (U.K.)
- 3M Company (U.S.)
- DSM Company (The Netherlands)
- EMS-CHEMIE AG (Switzerland), Kuraray Europe GmbH
(Germany) - Saint-Gobain Performance Plastics Corporation
(France)
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