According to a new market research report "High Temperature Plastics Market by Type (Fluoropolymers, Polyphenylene Sulphide, Polysulfones, Polyimides and Others), by End-Use industries (Transportation, Electrical & Electronic, Industrial, Medical, and Others) - Global Trends & Forecast to 2019" the high temperature plastics market is projected to grow from $ 9,005.65 million in 2014 to $13,317.95 million by 2019, with a CAGR of 6.8% between 2014 and 2019. It also explains the driving and restraining factors of the global high temperature plastics market with an analysis of trends, opportunities, and challenges.
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Key participants in the global high temperature plastics market include 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.).
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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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.
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