Heat Resistant Polymer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Type (Fluoropolymers, Polyamides, Polyphenylene Sulfide, Polybenzimidazole, Polyether Ether Ketone, and Other Types), End-user Industry (Automotive, Aerospace and Defence, Electrical and Electronics, Industrial Equipment, Marine, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Heat Resistant Polymer Industry Overview

Heat Resistant Polymer Market Overview
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 6 %

Major Players

Heat Resistant Polymer Market Key Players

*Disclaimer: Major Players sorted in no particular order
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Heat Resistant Polymer Market Analysis

The global heat resistant polymer market is estimated to witness a healthy growth, at an estimated CAGR of over 6%, over the forecast period. The major factors driving the growth of the market studied are superior protection for complex electrical components and high demand in aerospace and automotive industries.

  • High cost of materials is likely to hinder the markets growth.
  • Increasing application in motor brush card are likely to create opportunities for the market in the coming years.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.

Heat Resistant Polymer Industry Segments

The global heat resistant polymer market report includes:

Type
Fluoropolymers
Polyamides
Polyphenylene Sulfide
Polybenzimidazole
Polyether Ether Ketone
Other Types
End-user Industry
Automotive
Aerospace and Defence
Electrical and Electronics
Industrial Equipment
Marine
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Heat Resistant Polymer Market Trends

This section covers the major market trends shaping the Heat Resistant Polymer Market according to our research experts:

Increasing Demand from Aerospace Industry

  • Aerospace 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 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.
  • With the increasing security concerns and increasing commercial use of aircraft as a medium of conveyance, the demand for aircraft has been increasing across the world. With this, various aircraft production orders have been lined up for delivery in the coming years.
  • For instance, according to Boeing, by 2038, the deliverables of commercial aircraft are expected to reach about 17,390 units in the Asia Pacific, 9,130 units in North America and about 8,990 units in Europe.
  • Hence, with the production of aircraft to deliver the aircraft orders from the defense as well as the aviation industry, the demand for heat resistant polymer is projected to increase worldwide, during the forecast period.
Heat Resistant Polymer Market Key Trends

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country’s manufacturing sector is one of the major contributors to the country’s economy.
  • The Chinese aircraft industry depicted significant growth over the years. According to Boeing, China is estimated to require around 7,600 new commercial aircraft, valued at USD 1.2 trillion, over the next two decades.
  • Foreign investment in China has also been extended into the aviation sector, which is projected to register a CAGR of 6%, owing to China’s geographical location, which provides easy access to the industrial goods markets in the neighboring countries, as well as, other countries globally, making it a major access point for manufacturers and suppliers.
  • China is the largest manufacturer of automobiles in the world. The country’s automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy, and to minimize emissions (owing to the growing environmental concerns due to mounting pollution in the country).
  • The production is expected to reach 30 million units by 2020, owing to the “Made in China 2025” initiative support in upgrading the existing low-cost mass production to higher value-added advanced manufacturing. “Automobile Mid and Long-Term Development Plan”, was released in 2017, with an objective to make China a strong auto power in the next ten years.
  • Due to all such factors, the market for heat resistant polymer in the region is expected to have a steady growth during the forecast period.
Heat Resistant Polymer Market Growth Rate

Heat Resistant Polymer Market Competitor Analysis

The heat resistant polymer market is partially consolidated in nature. Some of the major players in the market include BASF SE, Evonik Industries AG, Celanese Corporation, DuPont, and DIC CORPORATION, among others.

Heat Resistant Polymer Market Top Players

  1. BASF SE

  2. Evonik Industries AG

  3. Celanese Corporation

  4. DuPont

  5. DIC CORPORATION

*Disclaimer: Major Players sorted in no particular order

BASF SE, Evonik Industries AG, Celanese Corporation, DuPont, DIC CORPORATION

Heat Resistant Polymer Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Superior Protection for Complex Electrical Components

      2. 4.1.2 High Demand in Aerospace and Automotive Industries

    2. 4.2 Restraints

      1. 4.2.1 High Cost of Materials

      2. 4.2.2 Impact of COVID-19 Pandemic

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Fluoropolymers

      2. 5.1.2 Polyamides

      3. 5.1.3 Polyphenylene Sulfide

      4. 5.1.4 Polybenzimidazole

      5. 5.1.5 Polyether Ether Ketone

      6. 5.1.6 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Aerospace and Defence

      3. 5.2.3 Electrical and Electronics

      4. 5.2.4 Industrial Equipment

      5. 5.2.5 Marine

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 Arkema Group

      3. 6.4.3 Celanese Corporation

      4. 6.4.4 Covestro AG

      5. 6.4.5 DAIKIN INDUSTRIES, Ltd.

      6. 6.4.6 DIC CORPORATION

      7. 6.4.7 DuPont

      8. 6.4.8 Evonik Industries AG

      9. 6.4.9 Honeywell International Inc.

      10. 6.4.10 Solvay

      11. 6.4.11 Victrex plc

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Application in Motor Brush Card

**Subject to Availability
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Heat Resistant Polymer Market Research FAQs

The Heat Resistant Polymer Market is studied from 2018 - 2028.

The Heat Resistant Polymer Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

BASF SE, Evonik Industries AG, Celanese Corporation, DuPont, DIC CORPORATION are the major companies operating in Heat Resistant Polymer Market.

Heat Resistant Polymer Industry Reports

In-depth industry statistics and market share insights of the Heat Resistant Polymer sector for 2020, 2021, and 2022. The Heat Resistant Polymer research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Heat Resistant Polymer report PDF.

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