The high temperature plastics market is projected to reach 803.55 Kilo tons by 2019, with a CAGR of 6.2% between 2014 and 2019.

High temperature plastics are growing to play an important role in the transportation industry. In this industry, there is a growing demand for high-performance and lightweight materials. To meet this demand, high temperature plastics are being used to produce various interior, exterior as well as under-the-hood components. This demand is further boosted by implementation of stringent environmental regulation in regions like Europe and North America.

Download Free PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=1192

The increased use of high temperature plastics, in various end-use industries, is a result of their wide array of properties. This increased demand of high temperature plastics in key end-use industries is a major driver for the market. Additionally, the use of high temperature plastics to replace conventional materials including metal, ceramics, and other traditional plastics is projected to fuel market growth. Also, the intensive investment in R&D by various market players to innovate and develop new products and applications has also resulted in robust demand in the high temperature plastics.

Asia-Pacific and North America are the top-two consumers of high temperature plastics in the world. China and the U.S. are key countries in Asia-Pacific and North America regions respectively growing at CAGRs of 7.9% and 4.3% between 2014 and 2019. Some developing countries such as India and Brazil are also growing at a rapid pace because of the rising domestic demand.

Fluoropolymers: Largest market segment

Fluoropolymers is the single-largest segment, holding more than 47% share of the global high temperature plastics market in 2014 and is projected to grow with a CAGR of 5.3% between 2014 and 2019. Asia-Pacific is the largest market for fluoropolymers and North America fallowed to be second largest market in 2014.

High temperature plastics market, by end-use industries

The high temperature plastics market is segmented into five major end-use industry segments; they are transportation, electrical & electronics, industrial, medical, and others. The demand for transportation segment accounted for the largest share in 2014, at $3,217.87 million, and it is projected to reach $4,596.03 million by 2019. Asia-Pacific is estimated to be the largest region of transportation segment in 2014, followed by the North America.

Leading companies such as Solvay S.A. (Belgium), SABIC Innovative Plastics (The Netherlands), E. I. du Pont de Nemours and Company (U.S.), Celanese Corporation (U.S.), and Victrex plc. (U.K.) are focusing on development of new high temperature plastics products through research and innovation, in order to expand their customer base.

For More Info: https://www.marketsandmarkets.com/Market-Reports/high-temperature-plastics-market-1192.html

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]