The high-temperature thermoplastics were used in a small amount by adding thermal stability to the product. These types of materials are manufactured by the advanced techniques of compounding which are used in increasing the integrity and structural properties of the materials. It provides recyclability and strength to the product. The high-temperature thermoplastics market was influenced by its excellent flexibility, durable nature, and chemical resistance. It was used in various types of applications like transportation, industrial, medical, electrical & electronics, and others.
The global high-temperature thermoplastics market was bifurcated into application and resin types. The resin type was sub-divided into high-performance polyamides, fluoropolymers, sulfone polymers, polyphenylene sulfide, aromatic ketone polymers, liquid crystal polymers, and polyimide segments. The fluoropolymers have the largest market share which was used in coaxial cables, seat heating, tapes, and others as it provides dielectric, UV resistance, and chemical resistance to the final product. It was used in industrial films, aircraft, and agriculture.
The aromatic ketone polymers have a high CAGR value because of the thermal stability, reliable nature, and strength of the product. Transportation has the largest market share as it was used in the automotive and aerospace sectors which are used to manufacture high standard and optimized systems like mechanical gears. The medical segment has rapid growth which was due to an increase in the consumption of high-standard materials which provide excellent dimensional and mechanical properties to the product.
The Asia-Pacific has the largest market share because of the adoption of lightweight materials in industrial, transportation, electrical & electronics, medical, and others. The transportation segment has also the largest market share in the Asia-Pacific region because of the demand for the thermoplastics in aviation and aerospace sectors during the forecast period. The growth of the North American region was significant because of the increase in the consumption of heat-resistant materials in medical, electrical & electronics, etc.
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The growth of the European region was also remarkable because of the implementation of new rules and regulations given by the government to follow the biocompatible and lightweight resins in industry.
The intended audience involved in the global high-temperature thermoplastics market is high-temperature thermoplastics market manufacturers, potential investors, traders & distributors of the high-temperature thermoplastics market, raw material suppliers, production process industries, and nationalized laboratories.
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Market Segmentation
The global high-temperature thermoplastics market was segmented based on resin type and application.
Based on resin type, the global high-temperature thermoplastics market was divided into fluoropolymers, polyphenylene sulfide, high-performance polyamides, sulfone polymers, aromatic ketone polymers, liquid crystal polymers, and polyimide segments.
Based on application, the global high-temperature thermoplastics market was divided into transportation, industrial, medical, electrical & electronics, and others.
Regional Classification
The global high-temperature thermoplastics market was spread in the following regions – North America, Asia-Pacific, Latin America, Europe, the Middle East, and Africa.
Industry News
The key players involved in the global high-temperature thermoplastics market are DowDuPont (US), BASF SE (Germany), SABIC (Saudi Arabia), Celanese Corporation (US), Victrex plc (UK), Solvay (Belgium), Royal DSM (The Netherlands), Arkema (France), TORAY INDUSTRIES INC (Japan) and Evonik Industries AG (Germany).
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