Heat Resistant Polymer Market

The global heat resistant polymer market is expected to grow at a CAGR of ~6% during the forecast period. Heat resistant polymers are resistant to degradation at high temperatures and thus, are extensively used in various end-user industries, such as electronics, transportation, defense, and medical sector.

Increasing Demand from Aerospace and Automotive Industries for Heat Resistant Polymer

Aerospace and automotive companies are continuously engaging in the research & development of advanced polymers in order to increase the fuel efficiency of the vehicles by replacing conventional and traditional materials. Metals decompose when exposed to automotive fluids or salts. However, temperature resistant polymers don’t behave in such way and thus, are considered as the lightweight substitutes for metals. Fuel systems engine components, coolant systems, sockets, transmission components and brake systems are some of the prominent parts where these polymers are used. Increase in population, increasing the purchasing power of individuals and the growth of the tourism industry are increasing the demand for automobiles and aeroplanes, thus, driving the studied market.

Usage of Fluoropolymer is Expected to Increase

Fluoropolymers registered the largest product segment in 2016 and accounted for more than 45% of the market share. Owing to their unique properties such as high chemical resistance, high dimensional stability, resistant to acids, bases, and solvents, the usage of fluoropolymers are increasing in the electrical sector. Moreover, because of their high resistance to lubricants, fuels, and high temperatures, fluoropolymers in the form of thermoplastics and elastomers are finding a variety of applications in automotive applications. For all such reasons, the usage of fluoropolymers are expected to increase during the forecast period.

Asia-Pacific to Dominate the Heat Resistant Polymer Market

Asia-Pacific is expected to dominate the market during the forecast period. Growing automotive and electronics industries in countries, such as Japan, China, India, and South Korea is anticipated to drive the demand during the forecast period. Global electrical components market is projected to reach USD 200 billion by 2024 and Asia-Pacific is expected to have a significant share (more than 50%) in the global platform. Other factors, such as innovations in electronics and medical equipment industry are also expected to drive the market in this region.

Heat Resistant Polymer Market Major Players:

• BASF SE
• Evonik Industries.
• Arkema SA.
• DIC Corporation.
• and DowDuPont.

Recent Developments in Heat Resistant Polymer Market

January 2018: VESTAMID® HTplus from Evonik has been specially developed as a substitute for metal in classic metal applications, such as highly filled molding compounds

November 2017: DowDuPont Transportation & Advanced Polymers, announced DuPont™ Zytel® HTN Capacity Expansion in Belgium at their production plant in Mechelen

Reason to Purchase Heat Resistant Polymer Market Report

• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• To understand the dominating type used in the market
• Countries expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)

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