High-Performance Thermoplastic Market Size and Growth Rate:
According to the Research Report, the Global High-Performance Thermoplastic Market Size was Expected to Reach at USD 59 Billion by 2025 with a CAGR of 6.5% during the forecast period 2018-2025.
High-Performance Thermoplastic Market Drivers and Restraints:
The global market for high-performance thermoplastics is expected to grow significantly over the next seven years due to the growing demand from the electronics and automotive industries. These thermoplastics are used in connectors and printed circuit boards, as well as in the manufacture of automotive and electrical structural components. Superior properties, such as radiation, flame resistance, and chemicals, as well as temperature tolerance, should help meet the demand for high-performance thermoplastics during the forecast period.
It is expected that improved mechanical properties, including fatigue, wear, deformation, toughness, strength, and stiffness, will increase the demand for these thermoplastics in sustainable applications in the near future. The volatility of the prices of petrochemical products is expected to be a major challenge for industry players during the forecast period. It is expected that strict governmental standards and regulations for manufacturing processes, together with the biodegradability problems of thermoplastics, will hinder the growth of the market in the next seven years.
High-Performance Thermoplastic Market Regional Analysis:
The Asia-Pacific region dominated the high-performance thermoplastics market in 2014 and is expected to continue in the immediate future due to the increase in investment, especially in the consumer goods sector. China is expected to become the main producer and consumer of these thermoplastics due to the growing demand from the textile and construction industry over the planned period. Other important markets for high-performance thermoplastics in the region include emerging economies such as India, Vietnam and South Korea, due to the growth of downward industrial demand.
Some of the Promising Companies leading the Global High-Performance Thermoplastic Market Profiled in the Report are:
- DuPont de Nemours and Company
- Greene Tweed
- Ascend Performance Material
- Honeywell International Inc
- Quadrant and Sumitomo Chemicals
The Research Report segments the High-Performance Thermoplastic Market into the following submarkets:
High-Performance Thermoplastic Market – By Product Type:
- Sulfone Polymers
- Liquid Crystal Polymers
- Aromatic Polyketones
High-Performance Thermoplastic Market – By Application:
- Electrical & Electronics
High-Performance Thermoplastic Market – By Region:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa