High Temperature Plastics Market - Global Industry Analysis 2016 - 2024

When plastics are capable of sustaining a service temperature of above 150°C, it is industrially called high temperature plastic. The demand for these materials rise from the fact that they are dimensionally more stable and exhibit excellent mechanical properties despite being exposed to wide-ranging temperature. Some of the most crucial features of high temperature plastics are abrasion and hardness, resistance to wear and UV, chemical resistance, and resistance to fire. polysulfones, high performance polyamides, polyimides, Based on product, the report segments the global high temperature plastics market as fluoropolymers, liquid crystal polymers, polyketones, polyphenylene sulfides, and others. It presents a detailed assessment of the various factors supporting the market’s growth across all its segments. Compiled with the intent of updating stakeholders about the prevalent market dynamics, the report covers product definition, segmentation based on various parameters, and prevailing vendor landscape.

Global High Temperature Plastics Market: Drivers and Restraints

The aerospace industry is flourishing and has been a major contributor to the revenue raked by the high temperature plastics market. Besides the aerospace industry, the increasing demand from the coatings industry will also help the global high temperature plastics market gain pace through the course of the report’s forecast period. For construction purposes, the demand for lightweight materials is significantly high within the aerospace industry. It is also important for these materials to be able to sustain higher temperatures. These factors have proven conducive to the rising demand for high temperature plastics market.

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In addition, the increasing use of plastics as a replacement to metals used in different machine parts such as gears and pulley is expected to help the market register considerable growth over the course of the report’s forecast period. On the downside, the comparatively higher cost of high temperature plastics could emerge as a major restraining factor. Nonetheless, as automakers increasingly use high temperature plastics for building engine parts, the demand from the market is forecast to spur at a high pace.

Global High Temperature Plastics Market: Regional Outlook

Regionally, the global high temperature plastics market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Among these regions, Asia Pacific and North America have emerged as the top two consumers. The increasing demand from countries such as the U.S. and China is considered the chief factor supporting spike in revenue generated by high temperature plastics market in the aforementioned regions, which as per TMR will continue exhibiting robust growth through the forecast period.

Besides this, the rising scope in developing nations such as India and Brazil will assist the market rise at a rapid pace in the near future. The growing opportunities in the domestic sector will further aid the market’s expansion.

Global High Temperature Plastics Market: Vendor Landscape

To study the competition prevailing in the market, the report also profiles some of the leading players operating in the market. These include companies such as Daicel Chemical Industries Ltd., Rhodia Engineering Plastics, Eastman Chemical Company, BASF SE, Celanese Corporation, Arkema SA, The Dow Chemical Company, and Bayer Material Science AG. Using SWOT analysis, the strengths and weaknesses of these companies are profiled. The analysis also presents insights into the opportunities and threats that are likely to influence the market’s trajectory over the course of the forecast period.

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