Plastics comprise of a wide range of synthetic and semi-synthetic materials, which are strong, moldable and lightweight in nature. Over the last couple of decades, plastics have emerged as an inseparable part of humankind, finding its application in every fathomable part of daily life. Plastics enhance comfort, convenience, and safety of products. They are modified to suit the requirement and find application used in houses such as carpets, blankets, and pillows for improved comfort; in bottles and coolers for portable means to carry food and drinks. They are also used in several electronic devices to enable Internet access and communication, and in sports and safety equipment. High performance plastics exhibit properties of high resistance to chemicals and electricity, low coefficient of friction, superior performance at high temperature, and high strength, thus considered highly superior to standard or engineering plastics. These plastics are priced premium and are usually used in very small quantities.

High Performance Plastics Market Taxonomy

On the basis of form type, the global market is segmented into:

Amorphous Polymers

Semi-Crystalline Polymers

On the basis of product type, the global market is segmented into:

Fluoropolymers (FPS)

Polyvinylidene Fluoride (PVDF)

Fluorinated Ethylene Propylene (FEP)

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High Performance Plastics Market Outlook – Asia-Pacific is the largest, and fastest-growing region, globally

Asia-Pacific is the largest, and fastest-growing region in the global high performance plastics market, due to rampant growth in the electrical & electronics industries in countries such as China, Taiwan, and South Korea, which are among the largest manufacturers of electrical & electronics components. The key factors such as growing manufacturing plants of key major players in the region, high economic growth, cheap labor, and increasing FDI in emerging economies such as India and China, are fueling growth of the high performance plastics market in the region. The growing end-use applications of high performance plastics in automotive, aviation, and medical industries, also provide great scope to the market growth in the Asia-Pacific region.

Major Keyplayers: BASF SE, Daikin Industries, Ltd., Celanese Corporation, Solvay S.A., Arkema SA, Evonik Industries AG, Kuraray Co., Ltd., E. I. duPont de Nemours and Company, SABIC, and Victrex Plc.

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