High Performance Plastics Market Key Player profile, Regional Outlook, Size, Share, Growth, Trends, Demand, and Industry Analysis by 2023

Market Research Future published a Half-Cooked Research Report on the Global High-Performance Plastics Market - Forecast to 2023

Market Analysis:

The Global High-Performance Plastics Market is anticipated to grow at a rapid pace and an alluring 7% CAGR over the predicted years (2018-2023). High Performance Plastics or HPP are highly valued for its wide array of excellent properties. It has been specially designed to withstand as well as perform in the extreme environments which includes high velocity, high pressure, very high temperature, very low temperature and more. HPP is used constructively in various industrial applications such as applications that need high abrasion resistance, shock absorption and high heat exposure applications in aerospace and glass industries, defined conducting, highly insulating, emission proof and heat resistant materials for electrical and semiconductor engineering industry, hydrolysis and sterilization resistant materials for the medical devices, radiation resistant and emission proof components for vacuum technology, applications in nuclear energy and x-ray technology, components for chemical industry, components for aerospace and aircraft applications where the extreme temperatures (high and low) are a challenge and downhole drilling application in oil & gas industry. Some of the key characteristics of High-Performance Plastics include extreme chemical and temperature resistance, reduced downtime and maintenance and lightweight.

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There are many factors that is driving the growth of the High-Performance Plastics Market. Some of these factors as per the Market Research Future (MRFR) report include increasing adoption in the Automobile and Aerospace industry, rapid development in the chemical industry, increasing demand in the electronics industry, rapid industrialization, urbanization and supportive regulations and policies. On the contrary, factors such as increasing cost of production, shift of the end-use market to emerging countries from developed countries and high raw material prices may hamper the growth of the High-Performance Plastics Market.

Market Segmentation:

Market Research Future report offers an all-inclusive segmental analysis of the High-Performance Plastics Market on the basis of Type and End-Use.

Based on Type, it is segmented into polyetherimide, liquid crystal polymers, polyphenylene sulphide, sulfone polymers, polyamides, fluoropolymers and others. Of these, fluoropolymers will have the largest share in the market due to its wide application in films, compounding, gaskets, tubing, coating and seals.

Based on End-Use, the High-Performance Plastics Market is segmented into industrial, electrical and electronics, aerospace and defense, automotive and others. Of these, the automotive segment will lead the market. HPP are in high demand in automotive manufacturing as it makes cars lighter that further aids to reduce fuel consumption and carbon emission.

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Regional Analysis:

Based on Region, the High-Performance Plastics Market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, North America will have a lion’s share in the High-Performance Plastics Market over the predicted years followed by Europe owing to presence of various industry leaders coupled with constant requirement for technological upgrades. Both consumer electronics and automotive industries are the leading industries here that are boosting the market demand. Besides, the mounting demand for HPP from end-use industries and supportive government regulations and policies is driving the growth of the high-performance plastics market here. The market in the APAC region is expected to grow at the fastest CAGR due to industrialization and urbanization. The electronics industries in the leading APAC countries namely India, South Korea, Japan and China are anticipated to have phenomenal growth over the predicted years. The flourishing and growing automobile industry in this region is projected to have a phenomenal growth owing to various technological advancements namely electric and hybrid vehicles. It has paved the way for HPP to advance in this region immensely.

Competitive Analysis:

The Global High-Performance Market is extremely competitive and characterized through the existence of global and regional players. The vendors in this market compete with one another resting on different factors namely performance, customer-centrism, quality, price and innovation. The prospect of prospective customers is on the rise owing to increasing emphasis of vendors on high investments in research and development activities, adoption of growing strategies and customization of the product offerings.

Key Players:

Key players profiled in the High-Performance Plastics Market include Saint-Gobain Performance Plastics Corporation (France), Kuraray Europe GmbH (Germany), EMS-CHEMIE AG (Switzerland), DSM Company (The Netherlands), 3M Company (U.S.), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Victrex PLC (U.K.), E. I. Dupont De Nemours and Company (U.S.), Kuraray Co., Ltd. (Japan), Evonik Industries AG (Germany), Arkema S.A. (France), BASF SE (Germany), Solvay S.A. (Belgium), Celanese Corporation (U.S.),and Daikin Industries, Ltd. (Japan).

Dec 2018- Evonik Corp has joined hands with Compounding Solutions L.L.C. This agreement will include Compounding Solutions’ Vestakeep Care Peek medical grade polymers, Trogamid Care clear polyamide, Vestamid Care ME polyether block amide and Vestamid Care ML polyamide 12. This partnership will benefit the medical industry in its entirety. Evonik Corp’s medical grade polymers are used in stent deliveries, dental as well as balloons and catheters that are highly engineered for percutaneous transluminal coronary angioplasty, surgical devices, drug delivery systems, imaging devices, housings and stockcocks.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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High Performance Plastics Market Overview, Outlook, Segmentation, Applications, Forecast, Analysis 2023

Market Highlights:

The High-Performance Plastics are widely used in automotive, electrical & electronics, aerospace & defence, and industrial applications. Automotive segment contributes highest share to the overall growth of the market. The reason behind is High Performance Plastics provides light weight manufacturing products which are fuel efficient as it is estimated that every 10-12% reduction in vehicle weight results in a 6% to 8% reduction in fuel usage. The Global High-Performance Plastics Market Size was valued at around USD 14 billion in 2016 and is expected to cross USD 30 billion at CAGR of approximately 7% by 2022.

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Key Players:

The key players of Global High-Performance Plastics Market report include- Sekisui Chemical Co., LTD., BASF SE, Quadrant, Nylacast Limited, Arkema Group, Daikin Industries, Ltd, Celanese Corporation, Solvay S.A., Arkema SA, Evonik Industries AG, and Kuraray Co., Ltd.

Market Research Analysis:

The market is highly application based. The factors contributing to the growth of the Global High-Performance Plastics Market are their properties which makes it more demanding over standard plastic. The market is expected to have higher growth rate as compared to the previous years. Asia-Pacific is the largest region for the High-Performance Plastics Market, followed by Europe and North America. Emerging countries like China and India have a high demand for the automotive and electrical & electronics products due to factors such as growth of industrialization.

Scope of the Report:

This study provides an overview of the Global High-Performance Plastics Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global High-Performance Plastics Market as Type and End-Use.

By Type

Floropolymers

Polyamides

Sulfone Polymers

Polyphenylene Sulphide

Liquid Crystal Polymers

Polyetherimide

Others

By End-Use

Automotive

Aerospace & Defence

Electrical & Electronics

Industrial

Others

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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High Performance Plastics Market Global Analysis 2019, Research News, Industry Review, Applications and Forecast to 2023

High Performing Plastics are specially designed polymers that demonstrate unique properties such as high mechanical strength and resistance to chemicals as well as to high temperatures, especially. The increasing mechanical strength of High Performance Plastics has helped them to become an essential component in the global manufacturing sector. On the other hand, additive manufacturing has replaced the time-consuming processes used in the production of large-volume plastic components.

Extensive adoption of this plastic in the various burgeoning industries such as automotive and electronics is driving the market for High Performance Plastics. Moreover, constant technological advancements and efforts transpired in the field of plastic for the improvement of resistance to temperature and chemicals and mechanical properties are escalating the market on the global platform, paving the way for the growth for the High Performing Plastics.

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Acknowledging the colossal growth, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the Global High Performance Plastics Market is forecasted to witness exponential accruals by 2023, registering approximately 7% CAGR during the review period (2018-2023). The automobile and consumer goods sectors are two of the prominent end-use industries that are creating a huge demand for High Performance Plastics.

The automotive sector has hugely absorbed the sturdy yet lightweight, high performance plastics for the making of various automotive parts and components due to the various benefits that this plastic can offer, such as low consumption of fuel and hence reduced carbon foot prints. Also, High Performance Plastics have eased the design and production of automotive components. The constant demand from the automotive sector is one of the major driving forces behind the growth of High Performance Plastics Market.

The electronics sector is considered as another key application area of these high performance plastics. Huge absorption of this plastic in the making of various electronics devices fosters the growth of High Performance Plastics Market.

Simultaneously, vast consumption of these High-Performance Plastics in the medical devices and in the construction industry is aiding the growth of the High Performance Plastics Market, globally.

On the other hand, volatility in the prices and demand & supply gap in the raw materials required for the production of high performance plastics are some of the key factors obstructing the market growth, largely. Nevertheless, the rapidly improving economic conditions, worldwide, are expected to support the market growth by increasing consumers’ purchasing power making luxury items such as automotive and electronics affordable for them.

Major Players:

Key players leading the Global High Performance Plastics Market include Celanese Corporation (U.S.), Daikin Industries, Ltd. (Japan), Solvay S.A. (Belgium), Arkema S.A. (France), BASF SE (Germany), Evonik Industries AG (Germany), E. I. Dupont De Nemours and Company (U.S.), Kuraray Co., Ltd. (Japan), Victrex PLC (U.K.), 3M Company (U.S.), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), DSM Company (The Netherlands), Kuraray Europe GmbH (Germany), EMS-CHEMIE AG (Switzerland), and Saint-Gobain Performance Plastics Corporation (France) among others.

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Global High Performance Plastics Market – Segments

For ease of understanding, the market is segmented into three key dynamics: -

By Type: Polyamides, Fluoropolymers, Sulfone Polymers, Polyphenylene Sulfide, Liquid Crystal Polymers, and Polyetherimide among others.

By End-use: Automotive, Aerospace & Defense, Electrical & Electronics, and Industrial among others.

By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.

Global High Performance Plastics Market – Competitive Landscape

Fiercely competitive, the High Performance Plastics Market appears to be fragmented due to the presence of several large and small-scale companies. Focused on improving their market performance, these companies increasingly acquire small but promising companies in the developing regions to meet their expansion goals. Growing innovations in production technologies are further intensifying the competition in the market. At the same time, the market strong investment opportunities demonstrated by the market are attracting new entrants to the market.

Industry/ Innovation/ Related News:

March 22, 2019 - Researchers at the Fraunhofer Institute for Machine Tools and Forming Technology (Germany) announced the development of screw extrusion additive manufacturing (SEAM), a system and process 8x faster than conventional 3D printing for the manufacturing of high-performance plastic.

SEAM can accelerate the additive manufacture of plastic components eightfold over conventional processes. The process achieves this ultra-fast production speed by combining 3D printing with the motion system of a machine tool. The innovation is expected to change the time-consuming undertaking of additive manufacture large-volume plastic components.

February 22, 2019 - Aerosint SA (Belgium), a leading company specializing in the research and the development of innovative additive manufacturing processes announced its partnership with Solvay (Belgium), a chemical company to create SLS 3D Printing process for high-performance polymers.

High Performance Plastics Market – Geographical Analysis

Globally, North America and Europe are leading the Global High Performance Plastics Market mainly due to the presence of numerous industry players and the constant technological advancements. Besides, some of the burgeoning industries such as automotive and consumer electronics are boosting the High Performance Plastics Market in these regions. Additional factors such as the supportive government policies and regulations alongside the augmenting demand for High Performance Plastics from various end-use industries are proving impetus to the growth of the market in these regions, creating a wide scope of the market evolution.

The High Performance Plastics Market in the Asia Pacific region has emerged as another lucrative market, globally. Factors such as the rapid urbanization and industrialization led by the improving economy in the region are fostering the growth of the APAC High Performance Plastic Market.

Moreover, some of the burgeoning industries such as automotive and electronics especially in the rapidly developing countries like China, Japan, South Korea, and India, are propelling the growth of the regional market. Additionally, numerous technological advancements in hybrid and electric vehicles are helping the APAC market to flourish, creating a pathway for the High Performance Plastic to advance further.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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High Performance Plastics Market 2019 Growth, Business Analysis and Opportunities Till 2023

Market Analysis:

The Global High-Performance Plastics Market is anticipated to grow at a rapid pace and an alluring 7% CAGR over the predicted years (2018-2023). High Performance Plastics or HPP are highly valued for its wide array of excellent properties. It has been specially designed to withstand as well as perform in the extreme environments which includes high velocity, high pressure, very high temperature, very low temperature and more. HPP is used constructively in various industrial applications such as applications that need high abrasion resistance, shock absorption and high heat exposure applications in aerospace and glass industries, defined conducting, highly insulating, emission proof and heat resistant materials for electrical and semiconductor engineering industry, hydrolysis and sterilization resistant materials for the medical devices, radiation resistant and emission proof components for vacuum technology, applications in nuclear energy and x-ray technology, components for chemical industry, components for aerospace and aircraft applications where the extreme temperatures (high and low) are a challenge and downhole drilling application in oil & gas industry. Some of the key characteristics of High-Performance Plastics include extreme chemical and temperature resistance, reduced downtime and maintenance and lightweight.

Get Free Sample @ https://www.marketresearchfuture.com/sample_request/1987

There are many factors that is driving the growth of the High-Performance Plastics Market. Some of these factors as per the Market Research Future (MRFR) report include increasing adoption in the Automobile and Aerospace industry, rapid development in the chemical industry, increasing demand in the electronics industry, rapid industrialization, urbanization and supportive regulations and policies. On the contrary, factors such as increasing cost of production, shift of the end-use market to emerging countries from developed countries and high raw material prices may hamper the growth of the High-Performance Plastics Market.

Market Segmentation:

Market Research Future report offers an all-inclusive segmental analysis of the High-Performance Plastics Market on the basis of Type and End-Use.

Based on Type, it is segmented into polyetherimide, liquid crystal polymers, polyphenylene sulphide, sulfone polymers, polyamides, fluoropolymers and others. Of these, fluoropolymers will have the largest share in the market due to its wide application in films, compounding, gaskets, tubing, coating and seals.

Based on End-Use, the High-Performance Plastics Market is segmented into industrial, electrical and electronics, aerospace and defense, automotive and others. Of these, the automotive segment will lead the market. HPP are in high demand in automotive manufacturing as it makes cars lighter that further aids to reduce fuel consumption and carbon emission.

Have Any Query? Ask Our Expert @ https://www.marketresearchfuture.com/enquiry/1987

Regional Analysis:

Based on Region, the High-Performance Plastics Market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, North America will have a lion’s share in the High-Performance Plastics Market over the predicted years followed by Europe owing to presence of various industry leaders coupled with constant requirement for technological upgrades. Both consumer electronics and automotive industries are the leading industries here that are boosting the market demand. Besides, the mounting demand for HPP from end-use industries and supportive government regulations and policies is driving the growth of the high-performance plastics market here. The market in the APAC region is expected to grow at the fastest CAGR due to industrialization and urbanization. The electronics industries in the leading APAC countries namely India, South Korea, Japan and China are anticipated to have phenomenal growth over the predicted years. The flourishing and growing automobile industry in this region is projected to have a phenomenal growth owing to various technological advancements namely electric and hybrid vehicles. It has paved the way for HPP to advance in this region immensely.

Competitive Analysis:

The Global High-Performance Market is extremely competitive and characterized through the existence of global and regional players. The vendors in this market compete with one another resting on different factors namely performance, customer-centrism, quality, price and innovation. The prospect of prospective customers is on the rise owing to increasing emphasis of vendors on high investments in research and development activities, adoption of growing strategies and customization of the product offerings.

Key Players:

Key players profiled in the High-Performance Plastics Market include Saint-Gobain Performance Plastics Corporation (France), Kuraray Europe GmbH (Germany), EMS-CHEMIE AG (Switzerland), DSM Company (The Netherlands), 3M Company (U.S.), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Victrex PLC (U.K.), E. I. Dupont De Nemours and Company (U.S.), Kuraray Co., Ltd. (Japan), Evonik Industries AG (Germany), Arkema S.A. (France), BASF SE (Germany), Solvay S.A. (Belgium), Celanese Corporation (U.S.),and Daikin Industries, Ltd. (Japan).

Dec 2018- Evonik Corp has joined hands with Compounding Solutions L.L.C. This agreement will include Compounding Solutions’ Vestakeep Care Peek medical grade polymers, Trogamid Care clear polyamide, Vestamid Care ME polyether block amide and Vestamid Care ML polyamide 12. This partnership will benefit the medical industry in its entirety. Evonik Corp’s medical grade polymers are used in stent deliveries, dental as well as balloons and catheters that are highly engineered for percutaneous transluminal coronary angioplasty, surgical devices, drug delivery systems, imaging devices, housings and stockcocks.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
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High Performance Plastics Market 2019 Size, Trends, Growth, Outlook and Forecast to 2023

Segmentation:

Global High Performance Plastics Market has been segmented based on Type, End-Use, and Region.

Based on the Type, the market is segmented into fluoropolymers, polyamides, sulfone polymers, polyphenylene sulfide, liquid crystal polymers, polyetherimide, and others. Among these, the fluoropolymers is projected to dominate the high performance plastics market until 2023. The foremost position of this segment is due to the wide application of fluoropolymers in coating, seals, gaskets, tubing, films, and compounding.

Based on End-Use, the market is segmented into automotive, aerospace & defense, electrical & electronics, industrial, and others. Automotive segment is projected to be the fastest-growing end-use segment. High Performance Plastics are increasingly in demand in automotive manufacturing as they make vehicle lighter, which helps in reducing the fuel consumption and reduction in carbon emission.

The High Performance Plastics Industry is segmented by a number of multinational, local, and regional vendors. The North American manufacturers currently hold the dominant position in the High Performance Plastics Market. Local players are mounting the stakes by catering revolutionary product line at lower prices as compared to international vendors. The High Performance Plastics Market is also expected to have high expansion activities by deep-rooted and international manufacturers.

The Global High Performance Plastics Market is estimated to witness 7% CAGR during the forecast period.

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Key Players:

The key players of Global High Performance Plastics Market are Daikin Industries, Ltd. (Japan), Celanese Corporation (U.S.), Solvay S.A. (Belgium), BASF SE (Germany), Arkema S.A. (France), Evonik Industries AG (Germany), Kuraray Co., Ltd. (Japan), E. I. Dupont De Nemours and Company (U.S.), Victrex PLC (U.K.), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), 3M Company (U.S.), DSM Company (The Netherlands), EMS-CHEMIE AG (Switzerland), Kuraray Europe GmbH (Germany), and Saint-Gobain Performance Plastics Corporation (France).

Regional Analysis:

The Global High Performance Plastics Market is majorly fragmented into four prominent regions, which are North America, Europe, Asia Pacific, and Rest of the World. Among these, North America and Europe are likely to dominate the Global High Performance Plastics Market over the forecast period. This is due to the presence of numerous industry leaders and the constant need for technological upgrades. The automotive and consumer electronics industries are the prominent industries in these regions, which are further boosting the High Performance Plastics Market. The supportive government policies and regulations coupled with elevating demand for High Performance Plastics from all end-use industries is creating a wide scope of the market evolution in these region.

Asia Pacific is anticipated to witness the fastest CAGR over the forecast period, owing to growth in urbanization and industrialization. Electronics industries in the prominent Asia Pacific countries, such as China, Japan, South Korea, and India, are likely to exhibit phenomenal growth over the forecast period. The growing and flourishing automobile industry in the Asia Pacific is on the verge of phenomenal growth due to numerous technological advancements, such as hybrid and electric vehicles. This has created a pathway for the High Performance Plastic to immensely advance in the Asia Pacific region.

Market Scenario:

High Performing Plastics are particularly designed polymers with high mechanical strength, chemical resistance, and most importantly, temperature resistance. Stability at high temperature is the prime criterion used to distinguish High Performance Plastics from general plastics. However, the high mechanical strength of High Performance Plastics has prepared them to become an important component in the global manufacturing sector, since the last few years. Constant effort taken by plastic industry for the improvement of mechanical properties and resistance to temperature and chemicals is paving the way for the growth of the High Performing Plastics Market.

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The Global High Performance Plastics Market has an immense number of end-use segments, as the growing need for strong manufacturing materials is being felt in several sectors. The automobile and consumer goods industries are the two prominent sectors, which have a high demand for High Performance Plastics. Other major applications of High Performance Plastics lie in medical devices, construction industry, and electronics & electrical materials. The continuous demand from the automotive sector is being considered as one of the major driving factors for the Global High Performance Plastics. The automotive sector is in continuous demand for high-strength lightweight materials due to several benefits they offer with regard to automotive design. This has led many automotive giants to implement High Performance Plastics in manufacturing vehicles. The rapid growth in the global consumer electronics industry has also propelled the Global High Performance Plastic Market. The consumer electronics industry has been profited since the last few years due to rise in the per capita disposable income of the urban consumers and the increasing importance of smartphones in their daily lives. High Performance Plastics act as a tough material resistant to a wider range of stimuli, primarily in smartphones and other consumer electronics. In spite of the dominance of annually updated smartphone ranges, many consumers place high importance to the overall build quality of the device, which probably would aid the growth of the High Performance Plastics Market over the forecast period.                  

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
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High Performance Plastics Market New Industry Research on Present State & Future Growth Prospects by 2023

Market Scenario:

High Performing Plastics are particularly designed polymers with high mechanical strength, chemical resistance, and most importantly, temperature resistance. Stability at high temperature is the prime criterion used to distinguish High Performance Plastics from general plastics. However, the high mechanical strength of High Performance Plastics has prepared them to become an important component in the global manufacturing sector, since the last few years. Constant effort taken by plastic industry for the improvement of mechanical properties and resistance to temperature and chemicals is paving the way for the growth of the High Performing Plastics Market.

The Global High Performance Plastics Market has an immense number of end-use segments, as the growing need for strong manufacturing materials is being felt in several sectors. The automobile and consumer goods industries are the two prominent sectors, which have a high demand for High Performance Plastics. Other major applications of High Performance Plastics lie in medical devices, construction industry, and electronics & electrical materials. The continuous demand from the automotive sector is being considered as one of the major driving factors for the Global High Performance Plastics. The automotive sector is in continuous demand for high-strength lightweight materials due to several benefits they offer with regard to automotive design. This has led many automotive giants to implement High Performance Plastics in manufacturing vehicles. The rapid growth in the global consumer electronics industry has also propelled the Global High Performance Plastic Market. The consumer electronics industry has been profited since the last few years due to rise in the per capita disposable income of the urban consumers and the increasing importance of smartphones in their daily lives. High Performance Plastics act as a tough material resistant to a wider range of stimuli, primarily in smartphones and other consumer electronics. In spite of the dominance of annually updated smartphone ranges, many consumers place high importance to the overall build quality of the device, which probably would aid the growth of the High Performance Plastics Market over the forecast period.

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Key Players:

The key players of Global High Performance Plastics Market are Daikin Industries, Ltd. (Japan), Celanese Corporation (U.S.), Solvay S.A. (Belgium), BASF SE (Germany), Arkema S.A. (France), Evonik Industries AG (Germany), Kuraray Co., Ltd. (Japan), E. I. Dupont De Nemours and Company (U.S.), Victrex PLC (U.K.), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), 3M Company (U.S.), DSM Company (The Netherlands), EMS-CHEMIE AG (Switzerland), Kuraray Europe GmbH (Germany), and Saint-Gobain Performance Plastics Corporation (France).

Global High Performance Plastics Market:

The Global High Performance Plastics Market is majorly fragmented into four prominent regions, which are North America, Europe, Asia Pacific, and Rest of the World. Among these, North America and Europe are likely to dominate the Global High Performance Plastics Market over the forecast period. This is due to the presence of numerous industry leaders and the constant need for technological upgrades. The automotive and consumer electronics industries are the prominent industries in these regions, which are further boosting the High Performance Plastics Market. The supportive government policies and regulations coupled with elevating demand for high performance plastics from all end-use industries is creating a wide scope of the market evolution in these region.

Asia Pacific is anticipated to witness the fastest CAGR over the forecast period, owing to growth in urbanization and industrialization. Electronics industries in the prominent Asia Pacific countries, such as China, Japan, South Korea, and India, are likely to exhibit phenomenal growth over the forecast period. The growing and flourishing automobile industry in the Asia Pacific is on the verge of phenomenal growth due to numerous technological advancements, such as hybrid and electric vehicles. This has created a pathway for the high performance plastic to immensely advance in the Asia Pacific region.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
+1 646 845 9312
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High Performance Plastics Market 2018: Research, Share, Competitor Strategy, Industry Trends and Forecast to 2022

Market Highlights
The High Performance Plastics are widely used in automotive, electrical & electronics, aerospace & defence, and industrial applications. Automotive segment contributes highest share to the overall growth of the market. The reason behind is High Performance Plastics provides light weight manufacturing products which are fuel efficient as it is estimated that every 10-12% reduction in vehicle weight results in a 6% to 8% reduction in fuel usage. The Global High Performance Plastics Market size was valued at around USD 14 billion in 2016 and is expected to cross USD 30 billion at CAGR of approximately 7% by 2022.

Market Research Analysis
The market is highly application based. The factors contributing to the growth of the Global High Performance Plastics Market are their properties which makes it more demanding over standard plastic. The market is expected to have higher growth rate as compared to the previous years. Asia-Pacific is the largest region for the High Performance Plastics Market, followed by Europe and North America. Emerging countries like China and India have a high demand for the automotive and electrical & electronics products due to factors such as growth of industrialization.

Key Players
The key players of Global High Performance Plastics Market report include- Sekisui Chemical Co., LTD., BASF SE, Quadrant, Nylacast Limited, Arkema Group, Daikin Industries, Ltd, Celanese Corporation, Solvay S.A., Arkema SA, Evonik Industries AG, and Kuraray Co., Ltd.

Scope of the Report
This study provides an overview of the Global High Performance Plastics Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global High Performance Plastics Market as Type and End-Use.

By Type

• Floropolymers
• Polyamides
• Sulfone Polymers
• Polyphenylene Sulphide
• Liquid Crystal Polymers
• Polyetherimide
• Others

By End-Use

• Automotive
• Aerospace & Defence
• Electrical & Electronics
• Industrial
• Others

Get Complete Report @ https://www.marketresearchfuture.com/reports/high-performance-plastics-market-1987