High Performance Thermoplastic Market Set to Exceed over $65.6 Billion By 2026 | CAGR 7.7% “High Performance Thermoplastics Market Share, Size, Trends & Industry Report By Product Type (Polyamides, Polyphenylsufone, Sulfone Polymers, Liquid Crystal Polymers, Aromatic Polyketones, Polyethersulfone), By Application (Electrical & Electronics, Automotive, Aircraft, Industrial), By Regions, & Segment Forecast, 2019 - 2026” Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved
High Performance Thermoplastic Market Estimate & Forecast to 2026 The global high-performance thermoplastics market size is estimated to reach USD 65.6 billion by 2026 according to a new report by Polaris Market Research. The report “High Performance Thermoplastics Market Size, Share & Industry Report By Product Type (Polyamides, Polyphenylsufone, Sulfone Polymers, Liquid Crystal Polymers, Aromatic Polyketones, Polyethersulfone), By Application (Electrical & Electronics, Automotive, Aircraft, Industrial), By Regions, & Segment Forecast, 2019 – 2026” provides competent analysis of current market position and portrays future market trends. High Performance Thermoplastics are advanced polymeric solutions that abide by industry specific applications. Largely, the demand is driven by the increased application in interior and exterior aerospace and automotive structures. HPTP exhibits excellent properties such as high temperature resistance, high chemical resistance and superior mechanical properties under severe conditions. These properties make it ideal for use in such demanding conditions with a healthy market growth to boast. HPTP’s are currently the material of choice to be used in aircrafts when over some decades back, major components in aircraft were assembled with aluminum as chief component. This aluminum has made way for high-performance plastics and high-performance carbon fibers. These high-performance thermoplastics are light-weight and resist high temperatures that lead to fuel optimizations.
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High Performance Thermoplastic Market Scope By Region
By Application
By Product
Report Attributes
Polyamides
Electrical and Electronics
North America
Historic year: 2015-2017
Polyphenylsulphone
Automotive
Europe
Base year: 2018
Sulfone Polymers
Aircraft
Asia Pacific
Forecast Year: 2019-2026
Liquid Crystal Polymers
Industrial
Latin America Middle East & Africa
Aromatic Polyketones
Healthcare
Polyethersulfone
Others
Others
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High Performance Thermoplastic Market Estimate & Forecast to 2026 The consequence of choosing the wrong material can prove costly. Aerospace and mass transit industries have a very negligible scope for errors and hence any component failure can only prove to be highly disastrous. High-performance thermoplastics are higher-priced but provide great thermal resistance than other engineering polymers. HTTP’s also provide greater thermal stability both in short and long run. Asia Pacific is the leading player for high performance thermoplastics owing to high development of its constituent countries. Japan is a fast-growing and productive country that is leader in electrical and electronics industry which hold true for HPTP’s growth also. Europe and America also have taken gigantic strides in automotive and aircraft industries that impact the HPTP positively. MEA and Africa are tagged with positive market growth for HPTP market. The players are competing on grounds of modification of existing polymer type via intensive Rand D efforts and processing techniques. The key players in High Performance Thermoplastics Market include BASF, DowDuPont, SABIC, Solvay, Victrex, Royal DSM, Asahi Kasei, DIC Corporation and Honeywell International, Inc.
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High Performance Thermoplastic Market Share
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