High Performance Requirements from Emerging Applications in Key End-use Markets to Drive High Performance Plastics Market to Reach 1 Million MTs by 2022
Tuesday 08 Nov 2016
Industry Experts published a comprehensive global market report on High Performance Plastics titled ‘High Performance Plastics – A Global Market Overview’. This unique report reveals that Asia-Pacific is the largest volume consumer of High Performance Plastics, forecast to be 371.5 thousand metric tons (50.1% share) in 2016, which is also expected to record the fastest 2016-2022 CAGR of 6.8% and reach a projected 550 thousand metric tons by 2022.
High performance plastics are used in applications demanding higher requirements than standard and engineering plastics because of their high strength, good chemical resistance, low coefficient of friction, performance at high temperatures, high quality electrical resistance. Major demand driver for the consumption of high performance plastics is the metal and other low performance materials replacement in demanding applications such as automotive, aerospace, electronics and medical, where high temperature resistance and strength is required. In the automotive & transportation industry including aerospace, growth is supported by metal replacement to reduce weight, while thinner and smaller components in electrical & electronics.
This global report analyzes the high performance plastics comprising Fluoropolymers (PTFE, PVDF, FEP, PCTFE, PFA, PVF, ECTFE and ETFE), High Performance Polyamides (PA 11, PA12, PA 46, PA 9T, PPA and PARA), Sulfone Polymers (PESU, PSU and PPSU), Polyphenylene Sulphide (PPS), Liquid Crystal Polymers (LCP), Polyetherimide (PEI) and Polyetheretherketone (PEEK). The study also analyzes the key end-use sectors of high performance plastics including Automotive & Transportation, Building & Construction, Consumer Goods, Electrical & Electronics, Mechanical/Industrial and Others (such as Medical etc.).
The global markets for the above-mentioned plastic types and end-use sectors are analyzed in terms of volume in metric tons and value in USD for 2012-2022 analysis period. The global market for High Performance Plastics is segmented into four major regions namely, the United States, Europe, Asia-Pacific and Rest of World. The regional markets further analyzed for 8 more independent countries across Europe – France, Germany, Italy and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea. The market is analyzed in all of these major regions by key countries and by major end-use sectors in terms of both volume and value. This report also provides the comprehensive market analysis of each High Performance Plastics type by end-use sector. The global market for High Performance Plastics is likely to maintain a moderately faster, compared to volume consumption, CAGR of 6.1% during the same period and reach a projected US$15.9 billion by 2022 from a forecast US$11.15 billion in 2016.
2016 Global High Performance Plastics Market by Plastic Type
Fluoropolymers are the most widely consumed High Performance Plastics on a global basis, forecast to be 281.6 thousand metric tons (38% share) in 2016, which are anticipated to post the above average growth of 6.1% CAGR between 2016 and 2022 and reach a projected 402 thousand metric tons by 2022. High Performance Polyamides are the second largest high Performance Plastics with an estimated share of 29.3% (217.4 thousand MTs) in 2016 followed by Polyphenylene Sulphide (PPS) with a share of 16.4% (121.3 thousand MTs) in the same year. The report also examines the major global players for their production capacities by product type and location.
This 560 page global high performance plastics market report includes 642 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 33 key global players and 21 major players across Japan – 4; China – 16; and India – 1. The research also provides the listing of the companies engaged in manufacturing, compounding and processing of high performance plastics. The global list of companies covers the address, contact numbers and the website addresses of 414 companies.
Hyderabad, India based Industry Experts is a multi industry focused business information provider.
For more details, please visit https://industry-experts.com/verticals/chemicals-and-materials/high-performance-plastics-a-global-market-overview