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 those plastics that are used in applications with high temperature requirements. HTPs are generally classified as specialty plastics due to their limited use and high cost. These plastics are produced in very low quantities due to their nature of application (less than 1% of whole plastics market). HTPs also provide chemical stability and high mechanical properties at high temperature range. The general temperature range for use of HTPs is 1500 Celsius and above. The high temperatuire plastics market is expected to reach $13,317.95 Million by 2019.

The major drivers contributing towards the growth of HTP market are:

Rising demand in automotive & aerospace industry
Replacement of conventional materials
Improved economic conditions
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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.

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.

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.

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On the basis of types: The high temperature plastics market is further segmented into sub categories as follows:

Fluoropolymers
Polyphenylene Sulfide
PolySulfone
Polyimides, and
Others
On the basis of applications: The high temperature plastics market is further segmented into sub categories as follows:

Transportation
Electrical & Electronics
Industrial
Medical, and
Others
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