Fluoropolymers account for nearly a third of revenue

USA, Rockville MD, June 28, 2022 (GLOBE NEWSWIRE) — According to in-depth industry analysis by Fact.MR, a market research and competitive intelligence provider, the Global High Temperature Plastics (HTP) Market is expected to increase at a CAGR of 5.8% from 2022 to 2032.

Plastics are known to be a type of organic polymer with high molecular weight and a tendency to contain additional materials. Polyimides are high performance plastics with excellent thermal and electrical resistance and high strength. They are commonly used in the automotive and transportation industries, as well as for consumer goods and electrical and electronic applications.

For critical information on High temperature plastics Market, demand a Sample report
https://www.factmr.com/connectus/sample?flag=S&rep_id=7419

The high temperature plastics market will be driven by the high temperature capability of polypropylene. Fluoropolymers will become increasingly popular as the packaging industry develops. Fluoropolymers are ubiquitous in modern life, appearing in everything from food packaging to non-stick pan coatings. Fluoropolymers are versatile materials that can meet a variety of industrial demands.

The global high temperature plastics market would also benefit from increased demand from the coatings industry. As automakers increasingly use high-temperature plastics to build engine parts, market demand is expected to grow rapidly. The wide range of characteristics of high temperature plastics has led to their increasing use in a variety of end-use sectors.

What obstacles do manufacturers of high-temperature plastics face?

“Rising cost of high temperature resistant plastics worldwide”

Polymers such as polyketones, polyphenylene sulfides and liquid crystal polymers are used to make high temperature plastics. The prices of these polymers fluctuate, which leads to a significant increase in the cost of the final product. Manufacturing high-temperature plastics can be difficult, which could hamper the growth of the industry. This should stifle sales of high-temperature plastic sheeting.

The first problem with using high temperature elastomers in medical applications is that the polymers are brittle and difficult to work with. Medical devices are frequently exposed to high temperatures, but they are also subjected to various environmental stresses such as abrasions, cuts and pressures.

High-temperature machinable plastics are more expensive, making them unsuitable for many healthcare uses. This is one of the biggest hurdles to overcome when using high temperature plastics in medical applications. High temperature plastics are also difficult to form into complicated shapes and are generally brittle and stiff, making them unsuitable for applications requiring high flexibility and strength.

To learn more about High temperature plastics Market, you can contact our analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7419

Key segments covered by the High temperature plastics Industry survey

  • HTP market by product type:
    • Fluoropolymers
    • Polyamides
    • High performance polyamides
    • Polyketones
    • Polysulfones
    • polyphenylene sulfide
    • Liquid crystal polymers
  • HTP Market by End Use:
    • Electric/Electronic
    • Cars
    • Chemical/Industrial
    • Aerospace
    • Medical
    • Other end uses
  • HTP market by region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

Winning strategy

Manufacturers of high temperature plastics invest in supply chain networks to ensure seamless manufacturing and delivery. To increase production, most companies engage in strategic partnerships, capacity growth, new product development, acquisition and formation of new organizations.

For instance,

  • In May 2019, Solvay and Safran, a France-based company, announced a long-term agreement for the delivery of high-temperature innovations for key engine supplies.

Competitive landscape

High-temperature plastic manufacturers are focusing their efforts on growing their business in new areas. While trying to expand their customer base, market players are focusing their resources and investments on profitable end uses.
Key companies are also considering expanding their product lines and portfolios through investments and mergers and acquisitions.

For instance:

  • In 2019, SABIC industries introduced Xenoy HTX, a revolutionary series of high-temperature resins for lightweight electrification advancements in automotive systems.

Get customization on High temperature plastics Market Report for specific search solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7419

The key players in the High temperature plastics Market

  • Daicel Chemical Industries Ltd.
  • Solvay S.A.
  • Du Pont
  • Celanese Corporation
  • Victrex plc.
  • SABIC Innovative Plastics
  • Eastman Chemical Company
  • BASF SE
  • Arkema S.A.

Main takeaways from High temperature plastics Market research

  • The global HTP market will reach a valuation of US$28.51 billion by 2032.
  • The North America market is expected to grow at 6.3% CAGR during the forecast period.
  • The HTP market in China is expected to grow at 5.8% CAGR through 2032.
  • The demand for high temperature plastics in the electrical/electronic industries is expected to increase by 7.3% CAGR from 2022 to 2032.

Fact.MR’s expertise in the field Chemistry and Materials Division

Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced chemicals and materials team help customers around the world meet their unique business intelligence needs.

With a repository of over a thousand reports and over a million data points, the team has analyzed the chemicals and materials division in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services.

Check out Fact.MR’s coverage on the Chemicals and Materials Domain-

EBS Ethylene Bis Stearamide MarketThe global ethylene bis stearamide (EBS) market size is witnessing prolific growth and is expected to grow at a steady CAGR of roughly 5% from 2021 to 2031 with manufacturers focusing on natural amide waxes and synthetics in the main industrial application segments. .

industrial flooring market– According to Fact.MR analysis, the industrial flooring market is expected to reach nearly US$7 billion by 2031, growing at a CAGR of around 3% throughout the forecast period .

Aerospace Coatings Market– The Aerospace Coatings Market is expected to grow at a CAGR of 6% from 2021 to 2031, reaching USD 2.0 billion from USD 1.4 billion. Increased demand for aerospace coatings from various end users, such as commercial aviation, military aviation, and general aviation, is driving the aerospace coatings market.

Dyes and pigments marketThe global dyes and pigments market size is expected to reach US$38 billion by 2031. The dyes and pigments market is expected to grow at a moderate CAGR of over 3% during the forecast period.

Hydrophobic Coatings MarketAccording to Fact.MR’s hydrophobic coatings industry analysis, the market is expected to register sales of over 10,000 tons in 2021 and grow at a CAGR of over 5% to reach 13,000 tons by 2031.

Ceramic inks market– The global ceramic inks market is expected to represent a valuation of US$2.34 billion in 2022. The global consumption of ceramic inks is expected to grow at a high CAGR of 7.7% during the forecast period and end up with a US market size. $4.93 billion by the end of 2032.

Impregnating Resins Market– Global sales of impregnating resins were valued at US$1.41 billion at the end of 2021, registering a year-on-year growth of 3.8%. The global impregnating resins market is forecast to grow at a remarkable CAGR of 6.5% and reach a market valuation of US$2.79 billion by 2032.

Maleic Anhydride Market– Global Maleic Anhydride Market was valued at 2.8 Billion US$ in 2021 and is projected to be valued at 2.9 Billion US$ in 2022. During the assessment period 2022-2032, the demand is expected to grow at a CAGR of 3.4%, likely to reach $4.1 billion by the end of the said forecast period.

Petroleum coke market– Global petroleum coke consumption is expected to reach US$25.27 billion in 2022 and continue to grow at a CAGR of 9.6% to reach a market size of US$63.10 billion by the end of 2032.

matting agent market– The global consumption of matting agents is expected to increase at a CAGR of 3.1% during the forecast period (2022-2032). As a result, the matting agents market is expected to reach a market size of approximately US$729.6 million by the end of 2032, from US$537.9 million in 2022.
About Us:
Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide spectrum – from automotive and Industry 4.0 to healthcare and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Our sales offices in the USA and Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals and we will be a competent research partner.

Contact:
Mahendra Singh
USA Sales Office:
11140 Rockville Pike
Office 400
Rockville, MD 20852
Email: [email protected]
Tel: +1 (628) 251-1583
Follow us: LinkedIn | Twitter

Comments are closed.