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)
Customization of Heat Resistant Polymer Market Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
1.1 Scope of the Heat Resistant Polymer Market Report
1.2 Heat Resistant Polymer Market Definition
1.3 Study Assumptions of Heat Resistant Polymer Market
1.4 Study Deliverables of Heat Resistant Polymer Market
1.5 Research Phases
2. Executive Summary
3. Heat Resistant Polymer Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products & Services
3.2.5 Intensity of Competitive Rivalry
4. Market Dynamics
4.1 Heat Resistant Polymer Market Drivers
4.1.1 Superior Protection for Complex Electrical Components
4.1.2 High Demand in Aerospace and Automotive Industries
4.1.3 Other Drivers
4.2 Heat Resistant Polymer Market Restraints
4.2.1 High Cost of Materials
4.2.2 Other Restraints
4.3 Heat Resistant Polymer Market Opportunities
4.3.1 Increasing Application in Motor Brush Card
4.3.2 Other Opportunities
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 Heat Resistant Polymer Market By Type
5.1.3 Polyphenylene Sulfide
5.1.4 Polyphenylene sulfide (PPS)
5.1.6 Polyether Ether Ketone (PEEK)
5.2 Heat Resistant Polymer Market By End-user
5.2.2 Electrical & Electronics
5.2.3 Industrial Equipment
5.2.4 Home Appliances
5.2.6 Aerospace & Defence
6. Heat Resistant Polymer Market Regional Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Future of the Heat Resistant Polymer Market
8. Competitive Landscape of Heat Resistant Polymer Market
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles of Heat Resistant Polymer Market(Overview, Financials**, Products & Services, and Recent Developments)
9.1 BASF SE
9.2 Evonik Industries AG
9.3 Arkema SA
9.4 Celanese Corporation
9.6 Daikin Industries, Ltd.
9.7 Solvay S.A.
9.8 Honeywell International Inc.
9.9 DIC Corporation
9.10 Victrex plc
*List not exhaustive
**subject to availability on public domain