The Global High Temperature Thermoplastics Market has been driven by the range of its application in various sectors such as transportation, electrical & electronics, industrial, medical, and others. Moreover, it is estimated that the medical segment is set to witness the highest growth in the market due to the growing consumption of heat resistant materials in the sector over the forecast period.
Key Players and Competition Analysis
Some of the prominent players operating in the Global High Temperature Thermoplastics Market are BASF SE (Germany), Celanese Corporation (U.S.), Solvay (Belgium.), Arkema (France), Evonik Industries AG (Germany), DowDuPont (U.S.), SABIC (Saudi Arabia), Victrex plc (U.K), Royal DSM (the Netherlands), and TORAY INDUSTRIES, INC (Japan) among others.
The Global High Temperature Thermoplastics Market
is segmented into the resin type, and application. Based on the resin type, the market is further categorized into fluoropolymers, high performance polyamides, polyphenylene sulfide, sulfone polymers, liquid crystal polymers, aromatic ketone polymers, and polyimide segments. The market by application is further categorized into transportation, electrical & electronics, industrial, medical, and others. Among these, the transportation segment accounts for major share of the market owing to growing replacement of heavy metals by lightweight materials to improve the efficiency and performance of the equipment.
European market has also observed a remarkable growth due to implementation of new rules and regulations proposed by the government to follow lightweight and biocompatible resins in the industry. The market has been driven by the application of this rule in transportation, electrical & electronics segments. It is estimated that the growing innovation and technological advancement are predicted to propel the growth in the countries such as the U.K, Italy, Germany, and France during the forecast period.
High Temperature Thermoplastics are used in small amounts to add thermal stability to the product. These materials are manufactured by advanced compounding techniques that are used to increase the integrity and structural properties of the materials. They offer recyclability and exceptional strength to the product. Moreover, excellent flexibility, chemical resistance, and durable nature are the important properties that pose as factors influencing the market confidently.
December 13, 2017, Market Research Future Published a Half-Cooked Research Report on Global High Temperature Thermoplastics Market
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