Global High Performance Plastics Market

by Ashish Kumar Consultants

High performance plastics industry is witnessing a vigorous growth globally. The high performance plastics market in the transportation industry was estimated to be USD 5,182 million in 2016 and is projected to reach USD 6,979 million by 2021 exhibiting a CAGR of 6.13% during 2016-2021. Growth in the market is expected on the basis of key factors such as favourable government environment, increasing usage of high performance plastics by automotive & aviation industries and rising demand for plastics with higher temperature stability, chemical resistance and better mechanical properties worldwide.

On the basis of Type:

Global high performance plastics market in the transportation industry has been segmented into polyphenylene sulfide, polyketones, fluoropolymers, thermoplastic polyimides and high performance polyamides. In 2016, the high performance polyamides captured a lion’s share in global high performance market due to their properties such as high mechanical strength, rigidity, chemical resistance and good stability under heat making them fit for typical applications majorly in gears, fittings, bearings and tool covers comprehensively employed in the automotive and aviation industries worldwide. As a result, the market for polyphenylene sulfide is predicted to grow at a substantial rate owing to its advancing applications in the above indicated industries. PPS is also used in manufacturing of products for electrical insulation, specialty membranes, gaskets and packaging/insulation/sealing. Although the high performance plastics have numerous advantages, the relatively high processing costs associated with high performance plastics make them susceptible to competition from alternative materials. 

On the basis of Application:

the market has been segmented into automotive, aviation, railways and marine. The leading automotive segment is estimated to grow at the fastest rate during the forecast period on the back of increased demand by the automotive manufacturers as they need to comply with fuel efficiency standards. High performance plastics make vehicle lighter, which helps in reducing the fuel consumption and thus emitting less greenhouse gases. Moreover, the excellent flame retardant and corrosion resistance capabilities of high performance plastics enable their use in the interior applications across the automotive segment. Aviation segment stood at the second position in the market in 2016. The extensive usage of composites in aircraft structure is the major factor positively influencing the growth of aviation segment.

High Performance Plastics Market in the Transportation Industry by Type Global Revenue Forecast, 2016-2021

• Polyphenylene sulphide (PPS, PSU, PES, PPSU)

• Polyketones (PEEK, PEK, PEKK, AKP)

• Fluoropolymers (PTFE, PVDF, FEP, ECTFE, Fluoroleastomers)

• Thermoplastics Polyimides (PI, PAI, PEI)

• High Performance Polyamides (PPA, PA 9T)

 

High Performance Plastics Market in the Transportation Industry by End-Use Global Revenue Forecast, 2016-2021

• Automotive (Interior & Exterior)

• Aviation (Interior & Exterior)

• Railways

• Marine

High Performance Plastics Market in the Transportation Industry by Region – Global Revenue Forecast, 2016-2021

• North America

• Europe

• Asia-Pacific

• RoW

Countries with high growth opportunity for High Performance Plastics Market in the Transportation Industry Revenue Forecast, 2016-2021

• USA

• Germany

• France

• U.K.

• China

• Japan

• India

• Canada

Global High Performance Plastics Market in the Transportation Industry Competitive Landscape & Company Profiles

• Major Players and their Market Share Analysis

• New product launches

• Mergers and acquisitions

• Collaborations, partnerships, agreements and joint venture

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Created on Apr 22nd 2020 06:15. Viewed 302 times.

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