High Performance Plastics Market estimated to reach beyond 35.27 Billion USD by 2026


Posted April 26, 2019 by armaan007

The global market size of High Performance Plastics is projected to reach USD 35.27 Billion by 2026

 
[158 Pages Report] 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. The market has witnessed significant growth in the recent years, and this growth is projected to persist in the coming years. High performance plastics, due to its characteristic properties such as high thermal stability, greater chemical resistance, high dielectric strength, low shrinkage, and greater design flexibility, are used in a wide range of end-use industries such as transportation, medical, electrical & electronics, industrial, and others.

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Asia-Pacific: The largest market for high performance plastics

Asia-Pacific is currently the largest market for high performance plastics due to increasing demand from emerging countries such as India and China. China is the largest market for high performance plastics in the Asia-Pacific region.

Forces driving the market for high performance plastics in Asia-Pacific are:

Presence of major manufacturers of high performance plastics in the region
Growing end-use industries, such as transportation, electrical & electronics, and medical, in major countries such as the China, India, and Japan
Transportation: The largest end-use industry of the high performance plastics market

High performance plastics are used in various end-use industries such as electrical & electronics, medical, transportation, industrial, and others. These are the main end-use industries considered in the report. The transportation segment is estimated to account for the largest share, in terms of value as well as volume, followed by electrical & electronics, in 2016. The medical industry is estimated to grow at the highest CAGR from 2016 to 2026, in terms of value, among all the industries considered.

Fluoropolymers: The largest type segment of the high performance plastics market

The fluoropolymers type is estimated to account for the largest market share, in terms of value as well as volume, followed by high performance polyamide in 2016. The aromatic ketone polymers segment is estimated to grow at the highest CAGR from 2016 to 2026, in terms of value.

Daikin industries, Ltd. (Japan), Solvay S.A. (Belgium), BASF SE (Germany) Evonik Industries AG (Germany), E. I. Du Pont de Nemours and Company (U.S.) are some of the leading companies operating in this market. These companies are expected to account for a significant market share in the near future.

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Issued By Markets And Markets
Country India
Categories Electronics , Medical , Transportation
Tags high performance plastic , high performance plastic companies , high performance plastic industry , high performance plastic manufacturers , high performance plastic market , plastic , plastic industry , plastic market
Last Updated April 26, 2019