The
High performance plastics are widely used in automotive, electrical
& electronics, aerospace & defence, and industrial applications.
Automotive segment contributes highest share to the overall growth of
the market. The reason behind is high performance plastics provides
light weight manufacturing products which are fuel efficient as it is
estimated that every 10-12% reduction in vehicle weight results in a 6%
to 8% reduction in fuel usage.
The global High Performance Plastics Industry was valued at around USD 14 billion in 2016 and is expected to cross USD 30 billion at CAGR of approximately 7% by 2022.
Market Research Analysis
The market is highly application based. The factors contributing to the growth of the global high performance plastics market are their properties which makes it more demanding over standard plastic. The market is expected to have higher growth rate as compared to the previous years. Asia-Pacific is the largest region for the high performance plastics market, followed by Europe and North America. Emerging
countries like China and India have a high demand for the automotive
and electrical & electronics products due to factors such as growth
of industrialization.
Scope of the Report
This
study provides an overview of the global high performance plastics
market, tracking two market segments across four geographic regions. The
report studies key players, providing a five-year annual trend analysis
that highlights market size, volume and share for North America,
Europe, Asia Pacific, and Rest of the World. The report also provides a
forecast, focusing on the market opportunities for the next five years
for each region. The scope of the study segments the global High
Performance Plastics packaging market as Type and end-use.
By Type
- Floropolymers
- Polyamides
- Sulfone Polymers
- Polyphenylene Sulphide
- Liquid Crystal Polymers
- Polyetherimide
- Others
By End-Use
- Automotive
- Aerospace & Defence
- Electrical & Electronics
- Industrial
- Others
Key Players
The
key players of global High Performance Plastics Market report include-
Sekisui Chemical Co., LTD., BASF SE, Quadrant, Nylacast Limited, Arkema
Group, Daikin Industries, Ltd, Celanese Corporation, Solvay S.A., Arkema
SA, Evonik Industries AG, and Kuraray Co., Ltd.
Access Report Details @ https://www.marketresearchfuture.com/reports/high-performance-plastics-market
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