The high-performance plastics market is driven by increasing application in a wide range of industries on account of their superior thermal conductivity and anti-corrosive properties. High performance plastics (HPPs) are gaining interests due to excellent performance when exposed to high temperature and being highly reactive chemicals. These plastics offer high heat stability, chemical resistance, and mechanical strength. Although, high performance plastics account for a small share of the global plastics market, the demand for these plastics is expected to grow at a significant rate during the forecast period (2016-2022).
High-performance plastics are penetrating in the automotive and aviation industries for their high-temperature stability and metal-replacement potential. Such advantages enable the increased usage of interior applications, across automotive, aviation, rail and marine segments. Additionally, the growing chemical industry is a key driver behind the growth of the global high performance plastics market. High performance plastics, owing to their light weight and durability, are being highly used in the automotive, aerospace, electronics, and electrical industries.
To Browse Full Report Visit Here: https://www.psmarketresearch.com/market-analysis/high-performance-plastic-market
In the electronics and electrical industry, the growing demand for semiconductors, LED displays, and electronic gadgets, such as mobile phones and kitchen electronics, is expected to fuel the demand for high performance plastics rapidly. Additionally, HPPs possess physical properties such as high impact resistance, due to which they are largely employed in various medical devices, surgical instruments, and analytical equipment. Though, the benefits of high-performance plastics are widely known, their relatively high processing costs continue to act as a restraint for the global market.
The major types of HPPs are fluoropolymers, high performance polyamides, polyphenylene sulfide, sulfone polymers, liquid crystal polymers, aromatic ketone polymers, and poly-imide. The fluoropolymers segment is expected to contribute highest revenue to the global market due to use of fluoropolymers in a number of application areas. The aromatic ketone polymers segment is estimated to grow at the highest CAGR, during the forecast period, in terms of value.
HPPs are used in various end-use industries such as transportation, medical, electronics, and industrial. In 2015, the transportation end-use industry was the largest contributor to the global market, in terms of value and volume, followed by electrical and electronics, industrial, and medical industries. The medical industry is estimated to grow at the highest CAGR during the forecast period among other end-use industries.
Browse For Related Research Visit Here: https://www.psmarketresearch.com/industry-report/chemicals-and-materials
Some of the key players in the global high performance plastic market include Sekisui Chemical Co., Ltd., Saint-Gobain Performance Plastics Corporation, Rochling-Group, Quadrant Group of Companies, Ensinger India Engineering Plastics Private Ltd., Grindwell Norton Ltd., Dover High Performance Plastics, A. Schulman Inc., Quantum Polymers, CoorsTek, Inc., BASF SE, Murtfeldt Kunststoffe GmbH & Co. KG, DuPont and TriStar Plastics Corporation.
Global High Performance Plastic Segmentation
- Electrical and electronics
- North America
- The USA
- The UK
- Asia Pacific
- Rest of the World (RoW)
- South Africa
- Saudi Arabia
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Manager – Client Partner
347, 5th Ave. #1402
New York City, NY – 10016
Toll-free: +1-888-778-7886 (USA/Canada)