LONDON, Feb. 13, 2017 /PRNewswire/ -- High performance plastics are used in applications demanding higher requirements than standard and engineering plastics because of their high strength, good chemical resistance, low coefficient of friction, performance at high temperatures, high quality electrical resistance. Major demand driver for the consumption of high performance plastics is the metal and other low performance materials replacement in demanding applications such as automotive, aerospace, electronics and medical, where high temperature resistance and strength is required. In the automotive & transportation industry including aerospace, growth is supported by metal replacement to reduce weight, while thinner and smaller components in electrical & electronics.
This global report analyzes the high performance plastics comprising Fluoropolymers (PTFE, PVDF, FEP, PCTFE, PFA, PVF, ECTFE and ETFE), High Performance Polyamides (PA 11, PA12, PA 46, PA 9T, PPA and PARA), Sulfone Polymers (PESU, PSU and PPSU), Polyphenylene Sulphide (PPS), Liquid Crystal Polymers (LCP), Polyetherimide (PEI) and Polyetheretherketone (PEEK). The study also analyzes the key end-use sectors of high performance plastics including Automotive & Transportation, Building & Construction, Consumer Goods, Electrical & Electronics, Mechanical/Industrial and Others (such as Medical etc.).
The global markets for the above-mentioned plastic types and end-use sectors are analyzed in terms of volume in metric tons and value in USD for 2012-2022 analysis period. The global market for High Performance Plastics is segmented into four major regions namely, the United States, Europe, Asia-Pacific and Rest of World. The regional markets further analyzed for 8 more independent countries across Europe – France, Germany, Italy and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea. The market is analyzed in all of these major regions by key countries and by major end-use sectors in terms of both volume and value. This report also provides the comprehensive market analysis of each High Performance Plastics type by end-use sector. The global market for High Performance Plastics is likely to maintain a moderately faster, compared to volume consumption, CAGR of 6.1% during the same period and reach a projected US$15.9 billion by 2022 from a forecast US$11.15 billion in 2016.