Gmi Research's blog : High Performance Plastics Market Research Report
Global High
Performance Plastics Market
The GMI Research
predicts that the High-Performance Plastics Market will witness an expansion in
demand over the forecast period. This is mainly because of the ongoing demand
from the automotive industry, swift expansion in the electronic industry,
accelerating disposable income, and rising popularity of smartphones.
Request
a free sample of this report
Introduction of the High Performance Plastics Market:
High-performing plastics are consciously designed polymers
with excessive mechanical strength, chemical and temperature resilience. In
other words, firmness at inflated temperature is the prime criterion applied to
distinguish superior performance plastics from regular ones. The contemporary
high-performing plastics sector is because of the ongoing effort in the
industry towards amelioration of their mechanical features and resistance to
temperature.
Leading Market Players
·
Saint-Gobain Performance Plastics Corporation
·
Quadrant Group of Companies
·
Grindwell Norton Ltd.
·
Murtfeldt Kunststoffe GmbH & Co. KG
·
Sekisui Chemical Co., Ltd
·
Rochling-Group
·
Quantum Polymers
·
Schulman Inc.
·
CoorsTek, Inc.
·
DuPont and TriStar Plastics Corporation
High Performance Plastics Market Dynamics
The global
High-performance plastics market is experiencing notable growth throughout
the world. The augmenting application of these high-performance plastics across
the transportation industry, estimated to be nearly USD 5,182 million in 2016
and likely to touch USD 6,979 million by the end of 2021 with a growth rate of
6.13% amid 2016-2021, is fuelling the market growth. In addition, as per the High-performance
plastics market analysis, expansion of the market is primarily because of the
strategic government environmental norms, aggravating application of
high-performance plastics across aviation industries, as well as the
accelerating demand for plastics with excessive temperature balance, chemical
resilience, and enhanced mechanical features throughout the world.
Application Segment Driver:
According to the application, the market is subdivided into
aviation, railway, automotive, and marine. Amongst all of these, the automotive
industry is contemplated to bolster at the highest growth rate over the coming
years. This is because of the stimulated demand by the motor car producers as a
result of their requirement to comply with the standards of fuel effectiveness.
Also, these plastics have the potential to make the vehicle lighter, which in
turn decreases the consumption of fuel and thereby less discharge of greenhouse
gases. Moreover, in accordance with the High-performance plastics market report,
the remarkable flame constraint and corrosion resilience capabilities of these
plastics enable their usage in interior applications. On the other edge of the
spectrum, the Aviation segment accounted for the second-largest share in the
market. The excessive application of composites in aircraft structure is one of
the most important drivers supplementing the High-performance plastics market
share.
Regional Drivers:
Based on the regional coverage, The European nation captured
the highest share, further accompanied by Asia-Pacific, North America, and the
Rest of the World. The strategic governmental policies & norms and
escalating demand from the transportation industry are energizing the High-performance plastics market size.
Further, several leading economies such as France and Germany account for the
largest consumption of these plastics because of the prevalence of major
automotive and aircraft manufacturers.
Additionally, the North American region is predicted to expand at a
faster compound annual growth rate in the coming years. This is because of the
aggravating implementation by automotive players and the fuelling demand by
aircraft producers.
High Performance Plastics Market Segmentation:
Segmentation
by Type
·
Polyphenylene sulphide (PPS, PSU, PES, PPSU)
·
Polyketones (PEEK, PEK, PEKK, AKP)
·
Fluoropolymers (PTFE, PVDF, FEP, ECTFE,
Fluoroleastomers)
·
Thermoplastics Polyimides (PI, PAI, PEI)
·
High Performance Polyamides (PPA, PA 9T)
Segmentation
by End-Use
·
• Automotive (Interior & Exterior)
·
• Aviation (Interior & Exterior)
·
• Railways
·
• Marine
Segmentation
by Region:
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
About GMI
Research
The market research and consulting enterprise proffers
business perception and market research reports for various industries,
including small, medium enterprises as well as large companies. The research
team of GMI organisation and industry experts carry out market intelligence
studies to certify and ensure that all material and factual information passes
to extensive range of sectors which include Technology, FMCG, Healthcare, and
Energy. The expertise team accumulates all the required information about the
industry applying internal as well as external databases. The prime
concentration of our team is to acknowledge clients with all the prospective
circumstances and difficulties faced by different industrial verticals. Also,
our by fits and starts support through vital and consultative services assist
clients grasp a directorial and legislative decision. The research organisation
got spotlighted in the list of Silicon Magazine as one of the most foremost
market.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website:
www.gmiresearch.com
In:
- Random