Press release
Global High Performance Polymers Market For Automotive Is Slated To Expand At A CAGR Of 8% By 2031
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฅ๐๐ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐- https://www.factmr.com/connectus/sample?flag=S&rep_id=5916
Key expansion dynamics at play here include the ever-widening trend of personal mobility and rapid artificial intelligence penetration. This new report by Fact.MR tracks global sales of high performance polymers for automotive in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the chemicals & materials domain in general, and demand for high performance polymers for automotive in particular.
Key Market Segments Covered
Product
โข High Performance Polyphenylene Sulfide (PPS) for Automotive
โข High Performance Polyphthalamide (PPA) for Automotive
โข High Performance Polyamide (PA) PA46 &PA4T for Automotive
โข High Performance Liquid Crystal Polymers (LCP) for Automotive
โข High Performance Polyether Ether (PEEK) for Automotive
โข High Performance Polyarylether (PAEK) for Automotive
โข High Performance Polyvinylidene Fluoride (PVDF) for Automotive
โข High Performance Ferroelectric Polymers for Automotive
โข Others (including Polyether Imide and Fluoropolymer)
Application
โข High Performance Polymers for Powertrains & Engines
โข High Performance Polymers for Electrical Components
โข High Performance Polymers for Interior & Exterior Furnishings
โข High Performance Polymers for Under-the-Hood Components
โข High Performance Polymers for Structural Components
โข Others (including Tires)
Region
โข North America (US and Canada)
โข Europe (Germany, France, UK, Italy, Spain, Russia & CIS and Rest of Europe)
โข Asia Pacific (China, Japan, India, ASEAN and Rest of Asia Pacific)
โข Latin America (Brazil, Mexico and Rest of Latin America)
โข Middle East & Africa (GCC, South Africa and Rest of MEA)
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐- https://www.factmr.com/connectus/sample?flag=RC&rep_id=5916
Competitive Landscape
Key players emphasize capacity and product portfolio expansion to cater to numerous application areas. Some notable development includes:
โข In May 2021, BASF SE supplied its Ultramidยฎ A3WG10 polyamide to support MAHLE's plastic transmission support bracket across automobiles to enhance energy efficiency by 50%
โข Likewise, Saudi Basic Industries Corp. (SABIC) announced its plans to continue developing thermoplastic-based solutions and harnessing its expertise to help optimize EV performance, especially with respect to its plastic-intensive battery pack
Category-wise Insights
Why is Polyphthalamide (PPA) Usage Anticipated to Soar?
By product, demand for polyphthalamide (PPA) is expected to reach new heights, amid its extensive applications for a wide range of purposes, including manufacturing various structural parts, fuel system components, cooling and heating system components and other parts.
Adoption is likely to increase due to its superior dimensional stability, high chemical resistance, excellent mechanical strength & stiffness, high creep & fatigue resistance and high deflection temperature properties.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/checkout/5916
Will Demand for High Performance Polymers for Powertrains & Engines Surge?
By application, the powertrain & engine segment is expected to tower over other domains. Using high performance polymers for powertrain & engine manufacturing helps reduce overall weight, making the automotive much lighter and more efficient.
Replacing conventional metal components with lightweight polymers helps induce a positive change by significantly reducing manufacturing costs, as well as achieving reduction in the global carbon footprint.
๐๐ต๐ฒ๐ฐ๐ธ ๐ผ๐๐ ๐บ๐ผ๐ฟ๐ฒ ๐ฟ๐ฒ๐น๐ฎ๐๐ฒ๐ฑ ๐๐๐๐ฑ๐ถ๐ฒ๐ ๐ฝ๐๐ฏ๐น๐ถ๐๐ต๐ฒ๐ฑ ๐ฏ๐ ๐๐ฎ๐ฐ๐.๐ ๐ฅ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต: https://www.globenewswire.com/en/news-release/2022/09/26/2522615/0/en/Third-Generation-Advanced-High-Strength-Steel-Opening-Plethora-of-Opportunities-for-Manufacturers-Says-Fact-MR.html
Contact:
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Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.
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