High-temperature Thermoplastic Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The High-temperature Thermoplastic Market is Segmented by Type (Polyetheretherketone (PEEK), Polyether Ketones (PEK), Polyphenylene Sulfide (PPS), Polyetherimide, Polyethersulfone, Other Types), Molecular Structure (Amorphous, Semi-crystalline), End-user Industry (Automotive, Electrical and Electronics, Aerospace, Medical, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa).

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High-temperature Thermoplastic Market Size

High-Temperature Thermoplastic Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 8 %

Major Players

High-Temperature Thermoplastic Market Major Players

*Disclaimer: Major Players sorted in no particular order
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High-temperature Thermoplastic Market Analysis

The high-temperature thermoplastic market is expected to register a CAGR of over 8% during the forecast period. One of the main factors driving the market is the increasing demand for the high-temperature thermoplastic market from the automotive industry, across major economies. However, the high production and manufacturing cost of the high-temperature thermoplastic market is likely to hinder the growth of the market studied.

  • By end-user industry, the automotive industry is expected to dominate the market over the forecast period.
  • The growing demand for the high-temperature thermoplastic market in the medical industry is likely to act as an opportunity for the market studied in the coming years.
  • Asia-Pacific region is expected to dominate the market with the most substantial consumption from countries, such as China, India, and Japan.

High-temperature Thermoplastic Industry Segmentation

The high-temperature thermoplastic report includes:

Type
Polyetheretherketone (PEEK)
Polyether Ketones (PEK)
Polyphenylene Sulfide (PPS)
Polyetherimide
Polyethersulfone
Polysulfone (PSU)
Other Types
Molecular Structure
Amorphous
Semi-crystalline
End-User Industry
Automotive
Electrical and Electronics
Aerospace
Medical
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
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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High-temperature Thermoplastic Market Trends

This section covers the major market trends shaping the High-temperature Thermoplastic Market according to our research experts:

Increasing High-temperature Thermoplastic in Automotive Industry

  • High-temperature thermoplastics are plastics that retain their physical properties at higher temperatures and exhibit thermal stability even in the longer run. Additionally, they have higher heat deflection temperatures and glass transition temperatures.
  • High-temperature thermoplastics are used to manufacture demanding applications in the automotive industry due to its valued properties such as high heat resistance, dimensional stability, strength, and resistance to a range of chemicals. Additionally, these properties have led to the replacement of traditional materials such as metal and thermosets.
  • Automotive is the largest market sector for high-temperature thermoplastics such as PPS, PEI, and PEEK.
  • The automotive sector is one of the largest markets for composite materials, and the industry is continuously looking for innovative materials such as high-temperature thermoplastic to reduce vehicle weight and achieve fuel efficiency and carbon emission targets.
  • Hence, owing to the factors mentioned above, the application of high-temperature thermoplastic in the automotive industry is likely to dominate during the forecast period.
High-temperature Thermoplastic Market, Revenue (%), by End-User Industry, Global, 2019

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market during the forecast period. The rising demand for high-temperature thermoplastic with growing automotive and medical industry in countries like China and India is expected to drive the demand for high-temperature thermoplastic in this region.
  • The largest producers of high-temperature thermoplastic are based in the Asia-Pacific region. Some of the leading companies in the production of high-temperature coatings are BASF Corporation, Arkema, Celanese Corporation, SABIC, and Toray Advanced Composites, among others.
  • According to Economic Times projection, the Asian healthcare market grew by almost USD 200 billion between 2016 and 2020, to a total value of USD 2,660 billion, and it is expected to continue growing in the coming years.
  • The market for high-temperature thermoplastic in the Asia-Pacific region is projected to grow significantly during the forecast period owing to the factors mentioned above.
High-temperature Thermoplastic Market - Growth Rate by Region, 2020-2025

High-temperature Thermoplastic Industry Overview

The high-temperature thermoplastic is partially fragmented in nature, with only a few major players dominating the market. Some of the major companies are BASF Corporation, Arkema, Celanese Corporation, DuPont, and Evonik Industries, among others.

High-temperature Thermoplastic Market Leaders

  1. Arkema

  2. Celanese Corporation

  3. DuPont

  4. Evonik Industries

  5. BASF SE

*Disclaimer: Major Players sorted in no particular order

High-Temperature Thermoplastic Market Concentration

High-temperature Thermoplastic 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 Increasing Demand for High-temperature Thermoplastics in the Automotive Industry.

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 High Manufacturing and Production Cost of High-temperature Thermoplastic

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Polyetheretherketone (PEEK)

      2. 5.1.2 Polyether Ketones (PEK)

      3. 5.1.3 Polyphenylene Sulfide (PPS)

      4. 5.1.4 Polyetherimide

      5. 5.1.5 Polyethersulfone

      6. 5.1.6 Polysulfone (PSU)

      7. 5.1.7 Other Types

    2. 5.2 Molecular Structure

      1. 5.2.1 Amorphous

      2. 5.2.2 Semi-crystalline

    3. 5.3 End-User Industry

      1. 5.3.1 Automotive

      2. 5.3.2 Electrical and Electronics

      3. 5.3.3 Aerospace

      4. 5.3.4 Medical

      5. 5.3.5 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 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/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF Corporation

      2. 6.4.2 Arkema

      3. 6.4.3 Evonik Industries

      4. 6.4.4 DuPont

      5. 6.4.5 Celanese Corporation

      6. 6.4.6 Solvay

      7. 6.4.7 SABIC

      8. 6.4.8 Toray Advanced Composites

      9. 6.4.9 Royal DSM

      10. 6.4.10 Victrex

      11. 6.4.11 AKRO-PLASTIC GmbH

      12. 6.4.12 Drake Plastics

      13. 6.4.13 Quadrant Plastics

      14. 6.4.14 GSF Plastics

      15. 6.4.15 Sumitomo Chemicals Company

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand of High Temperature Thermoplastics in Medical Industry

    2. 7.2 Other Opportunities

**Subject to Availability
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High-temperature Thermoplastic Market Research FAQs

The High-temperature Thermoplastic Market is studied from 2018 - 2028.

The High-temperature Thermoplastic Market is growing at a CAGR of >8% over the next 5 years.

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

Asia Pacific holds highest share in 2021.

Arkema, Celanese Corporation , DuPont, Evonik Industries , BASF SE are the major companies operating in High-temperature Thermoplastic Market.

High-temperature Thermoplastic Industry Report

Statistics for the 2023 High-temperature Thermoplastic market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. High-temperature Thermoplastic analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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