Research and Markets - Global High Performance Plastics Market, 2022: Focus on Fluoropolymers, High Performance Polyamides, Sulfone Polymers, Polyphenylene Sulphide, Liquid Crystal Polymers & Polyetherimide and Polyetheretherketone
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.
Fluoropolymers are the most widely consumed High Performance Plastics on a global basis, forecast to be 281.6 thousand metric tons (38% share) in 2016, which are anticipated to post the above average growth of CAGR of 6.1% between 2016 and 2022 and reach a projected 402 thousand metric tons by 2022.
High Performance Polyamides are the second largest high Performance Plastics with an estimated share of 29.3% (217.4 thousand MTs) in 2016 followed by Polyphenylene Sulphide (PPS) with a share of 16.4% (121.3 thousand MTs) in the same year. The report also examines the major global players for their production capacities by product type and location.
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.
Medical Device Industry Fuelling Demand for Fluoropolymers
Demand for PTFE to Gain Further Momentum from Products with Improved Properties
New Energy Markets to Take PVDF in a Big Way
Demands of Membrane Market Being Addressed by PVDF
ETFE's Progress in Architectural Applications Gains Prominence
Bright Opportunities for Fluoropolymers in the Radiant Solar Modules Market
High Performance Polyamides Market Trends & Growth Drivers
Sulfone Polymers Market Trends & Growth Drivers
Auto Industry Acts as Bedrock for Propelling PPS Demand
PPS Thermoplastics Usage Continue to Grow in Aerospace Industry
Above Average Growth for PPS to be Driven by Filter Bag Industry in Asia-Pacific