The global High performance plastics market is projected to reach USD 35.27 Billion by 2026 at a CAGR of 9.3% from 2016 to 2026.
Summary:
The global market size of high performance plastics is projected to reach USD 35.27 Billion by 2026, at a CAGR of 9.3% from 2016 to 2026, in terms of value. The base year considered for the study is 2015, while the forecast period is between 2016 and 2026. The high performance plastics market is driven by increasing usage of fluoropolymers and aromatic ketone polymers across various industries, due to its superior thermal conductivity property. The report includes analysis of the high performance plastics market by region, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
Objectives of the study:
- To define, describe, and forecast the high performance plastics market on the basis of type, end-use industry, and region
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their market shares and core competencies2
Different types of high performance plastics are also included in the report. The main types are fluoropolymers, high performance polyamides, polyphenylene sulfide, sulfone polymers, liquid crystal polymers, aromatic ketone polymers, and poly-imide. The fluoropolymers segment is estimated to account for the largest share in 2016, due to their suitability in a number of application areas. The aromatic ketone polymers segment is estimated to grow at the highest CAGR from 2016 to 2026, in terms of value.
High performance plastics are used in various end-use industries such as transportation, medical, electronics, industrial, and others. These are the main end-use industries considered in the report. In 2015, the transportation end-use industry accounted for the largest market share, in terms of value as well as volume, followed by electrical & electronics, industrial, medical, and others. The medical industry is estimated to grow at the highest CAGR between 2016 and 2026, among all the end-use industries considered.
On the basis of region, the high performance plastics market is segmented into North America, Europe, Asia-Pacific, Asia-Pacific, Middle East & Africa, and South America. North America is dominant in the high performance plastics market. The rising demand for high performance plastics in this region is mainly driven by its increased use in electrical & electronics and medical industries. Europe is the second-largest consumer and manufacturer of high performance plastics, globally. The market in this region is mainly driven by the growing opportunities from the transportation industry.
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