According to a new market report by Lucintel, the future of the high temperature thermoplastic market looks promising with opportunities in the transportation, electrical and electronics, industrial, and medical industries. The high temperature thermoplastic market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth driver for this market is the growing demand for high temperature thermoplastics due to its various properties such as high thermal stability, greater chemical resistance, high dielectric strength, low shrinkage, and greater design flexibility in various end use industries.
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In this market, high temperature fluoropolymers, high performance polyamide, polyphenylene sulfide, sulfone polymers, liquid crystal polymers, aromatic ketone polymers, and poly-imide are the major resin types. Fluoropolymers is the largest resin type.
Within the high temperature thermoplastic market, transportation, electrical and electronics, industrial, medical, and others are the major end use industries. Transportation is the largest end use segment for the high temperature thermoplastic market.
Asia Pacific will remain the largest market over the forecast period due to increased demand from the transportation, electrical and electronics, medical, and consumer goods industries.
BASF, Celanese Corporation, Solvay, Arkema, Evonik Industries, DowDuPont, SABIC, Victrex, Royal DSM, and Toray are among the major manufacturers of high temperature thermoplastics.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the high temperature thermoplastics market by end use industry, temperature range, resin type, and region. Lucintel has prepared a comprehensive research report entitled "High Temperature Thermoplastic Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the high temperature thermoplastics market by end use industry, temperature range, resin type, and region as follows:
By Resin Type [$M shipment analysis for 2013 – 2024]
High Temperature Fluoropolymers (High Temperature FPs)
High Performance Polyamide (HPPA)
Polyphenylene Sulfide (PPS)
Sulfone Polymers (SP)
Liquid Crystal Polymers (LCP)
Aromatic Ketone Polymers (AKP)
Poly-imide (PI)
By Temperature Range [$M shipment analysis for 2013 – 2024]
HTTs (Range 302°F-449.6°F)
Extreme Temperature Thermoplastics (Range >449.6°F)
By End Use Industry [$M shipment analysis for 2013 – 2024]
Transportation
Electrical & Electronics
Industrial
Medical
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/high-temperature-thermoplastic-market.aspx or helpdesk@lucintel.com.
About Lucintel
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