[158 Pages Report] The global market size of High Performance Plastics is projected to reach USD 35.27 Billion by 2026, at a CAGR of 9.3%
from 2016 to 2026, in terms of value. The base year considered for the study is
2015, while the forecast period is between 2016 and 2026. The high performance
plastics market is driven by increasing usage of fluoropolymers and aromatic
ketone polymers across various industries, due to its superior thermal
conductivity property. The report includes analysis of the high performance
plastics market by region, namely, North America, Europe, Asia-Pacific, Middle
East & Africa, and South America.
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Key
Target Audience:
- Manufacturers of High Performance Plastics
- Traders, Distributors, and Suppliers of High
Performance Plastics
- Regional Manufacturers’ Associations and General
Performance Plastics Associations
- Government and Regional Agencies and Research
Organizations
- Investment Research Firms
The market is driven by the increased usage of high
performance plastics materials instead of conventional materials in high
temperature applications.
New product launches, mergers & acquisition, and
expansions & investments are the key strategies adopted by the industry
players to achieve growth in the high performance plastics market from 2016 to
2026. Increasing technological advancements and demand for efficient plastic
materials with excellent physical properties such as high thermal stability,
greater chemical resistance, greater design flexibility and high dielectric
strength led various end-use industries to focus on high performance plastics,
thus leading to a rise in its demand. These aspects have encouraged companies
to adopt strategies such as new product launches, expansions, mergers &
acquisitions, and agreements. Some of the key players, such as Solvay S.A.
(Belgium), Evonik Industries AG (France), BASF SE (Germany) and E. I. Du Pont
de Nemours and Company (U.S.) have adopted these strategies to develop their
businesses, globally. These strategies also accounted for a significant share
of the overall growth strategies adopted by the players in the high performance
plastics market from 2014 to 2016
Celanese Corporation (U.S) is a leading player in the global
high performance plastics market. The company, as a major plastics
manufacturer, aims to expand its market share and become one of the most
innovative companies in the world. As part of its growth strategy, in 2016, the
company acquired SO.F.TER group (Italy) a global plastic compounding
specialties. With this acquisition, the production of Celanese engineered
materials products will increase significantly.
Solvay S.A. (Belgium) is the largest high performance plastics
manufacturer in the U.S. and one of the largest producers worldwide. As a part
of its business strategy, Solvay S.A. focuses on new product development and
research. The company focuses on manufacturing high quality products by
employing the latest state of the art technology, and improving the efficiency
of its operations. In 2014, it introduced Kalix high performance polyamides
bio-based series which can deliver better strength, stiffness and chemical
resistance. Solvay S.A. is expanding globally with its new product development
strategy in high performance plastics market.
Companies, such as SABIC (Saudi Arabia), Daikin Industries,
Ltd. (Japan), Celanese Corporation (U.S.), BASF SE (Germany), Arkema SA
(France), Evonik Industries AG (Germany), Solvay S.A. (Belgium) , E. I. Du Pont
de Nemours and Company (U.S.), Victrex Plc (U.K.), and Chevron Corporation
(U.S.) are also operating in the global high performance plastics market.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
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