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Rise in Demand from Transportation Industry Expected to Drive Global High Temperature Polymer Market: Ken Research

High-temperature polymers are the type of polymer that is used in applications with high temperatures (above 150°C) requirements. They are also known as the ‘commodity’ plastics. They are generally categorized as specialty plastics due to their limited use and high cost. They are dimensionally more stable and possess various excellent mechanical properties. They are usually composed of fragrant & heterocyclic moieties linked by flexible bridging groups. This general composition of the material greatly affects the stiffness as well as the thermal constancy of the overall product manufactured. Polytetrafluorethylene, polyamides, Polyphenylene Sulfide (PPS), Liquid-crystal polymer (LCP) are the generally used polymers in the manufacturing of coatings, films and injection-molded parts. They are also used in several applications such as connectors, PCBs, insulation, relays, bobbins, switches, sockets, and others.

Some of the essential characteristics are included high mechanical performance, excellent tensile and compressive strength, superior temperature adaptability, transparency in many microwave applications, outstanding chemical resistance, superior bearing & wear properties and radiation resistance. Apart from this, few of the limitations are included high manufacturing cost, specified operating processes for instance annealing operations at specified temperatures, a high-temperature requirement in the processing and sensitivity to alkali or acid attacks.

According to the study, “Global High-Temperature Polymer Market Status (2015-2019) and Forecast (2020-2024) by The region, Product Type & End-Use” the key companies operating in the global high-temperature polymer market are BASF SE, Huntsman Corporation, Arkema SA, Saudi Arabia Basic Industries Corporation (SABIC), Evonik Industries AG, Dongyue Group Ltd., Celanese Corporation, Kuraray Co., Ltd., Solvay S.A., Honeywell International Inc., Dupont, Caledonian Ferguson Timpson Ltd., Parkway Products Inc., Covestro, Panjin Zhongrun High-Performance Polymers Co. Ltd., DIC Corporation, Tri-Mack Plastics Manufacturing Corp., Schulman AG, DOW Chemical Company, Quadrant EPP Surlon India Ltd., RTP Company, Inc., Polyone Corporation, Ensinger GmbH, Victrex PLC.

Based on type, high-temperature polymer market is segmented into Fluoropolymers, Polyphenylene Sulfide, Polyimides, Polyether Ether Ketone (PEEK), Polybenzimidazole (PBI) and others. In addition, based on application, market is segmented into transportation, medical (for sterilization and hydrolysis-proof parts), industrial, electronics & electrical (high insulating, heat-resistant, emission proof) and others. Transportation industry dominates the market owing to the rise in demand for high-performance and lightweight materials.

The high-temperature polymer market is driven by an increase in demand in the automotive & aerospace industry, followed by growth in improvement in economic conditions and an increase in the replacement of conventional materials. However, Difficulty in Processing High-Temperature polymers and the high cost of the product may impact the market. Moreover, special attributes of high-temperature plastics and a rise in demand from developing nations are key opportunities for the market.

Based on geography, the North-American and Asian-Pacific regions hold a major share in high-temperature polymer markets owing to the rise in demand & growth in industrialization in the regions. Whereas, the European region is expected to exhibit higher CAGR due to growth in the automotive & aerospace industry over the forecast period. In upcoming years, it is estimated that the future of the market will be bright on account of rising in preferences of the manufacturers towards lightweight materials in construction industry during the forecast period.

For More Information on the Research Report, refer to below links: –

Global High Temperature Polymer Market

Related Reports: –

Global High Temperature Polymer Market Analysis 2013-2018 and Forecast 2019-2024

Global High Temperature Polymer Market Status and Future Forecast 2015-2024

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

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