The report “High Performance Plastics Market by Type (Fluoropolymers, High Performance Polyamide, PPS, SP, LCP, AKP, and PI), End-Use Industry (Transportation, Electrical and Electronics, Medical, Industrial), And Region – Global Forecast to 2026”, published by MarketsandMarkets, the market size is projected to grow at a CAGR of 9.3% from 2016 to 2026, in terms of value. The trend of using high performance plastics in various end-use industries, due to its high thermal stability and greater chemical resistance properties, is projected to drive the high performance plastics market.
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Asia-Pacific is currently the largest market for high performance plastics due to increasing demand from emerging countries such as India and China. China is the largest market for high performance plastics in the Asia-Pacific region.
High performance plastics are used in various end-use industries such as electrical & electronics, medical, transportation, industrial, and others. These are the main end-use industries considered in the report. The transportation segment is estimated to account for the largest share, in terms of value as well as volume, followed by electrical & electronics, in 2016. The medical industry is estimated to grow at the highest CAGR from 2016 to 2026, in terms of value, among all the industries considered.
The fluoropolymers type is estimated to account for the largest market share, in terms of value as well as volume, followed by high performance polyamide in 2016. The aromatic ketone polymers segment is estimated to grow at the highest CAGR from 2016 to 2026, in terms of value.
The key players in the High Performance Plastics Market are BASF SE (Germany), Daikin Industries, Ltd. (Japan), Celanese Corporation (U.S.), Solvay S.A. (Belgium), Arkema SA (France), Evonik Industries AG (Germany), Kuraray Co., Ltd. (Japan), E. I. duPont de Nemours and Company (U.S.), SABIC (Saudi Arabia) , Victrex Plc (U.K.), and others
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