The report “Global Heat Resistant Polymer Market, By Type (Fluoropolymers, Polyimides, Polyphenylene Sulfide, Polybenzimidazole (PBI), and Polyether Ether Ketone (PEEK)), By Application (Electronics & Electrical, Transportation, and Others (Aerospace, Marine, and Construction)), and By Region – Global Forecast to 2029″. The Heat Resistant Polymer Market size is projected to grow from US$ 13.6 billion in 2018 to US$ 27.0 billion by 2028. The global heat resistant polymer market is expected to register moderate growth over the forecast period. This is attributed to the increasing demand for heat resistant polymer from automotive and aerospace industries due to its excellent heat resistant property globally, coupled with emerging applications of heat resistant polymer in electronics & electrical, marine, and construction sector. Increasing R&D investments by companies operating in the target market on development of cost efficient manufacturing process is in turn is expected to create lucrative growth opportunities for new as well as existing players to gain competitive edge.
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· In October 2016, for instance, Celanese Corporation has announced five numbers of new polymer innovations, in order to meet product development specification of the manufacturers of auto, medical, industrial, electronics.
Key Market Insights from the report:
The global market accounted for US$ 13.6 billion in 2018 and is projected to register a moderate CAGR of 6.9% over the forecast period. The market report has been segmented on the basis of type, application, and region.
· By type, the fluoropolymer segment accounted for major revenue share in 2018. Increasing use of fluoropolymer in the manufacturing of plastics, coatings, optical, medical, as well as in the electronic devices is major factor expected to support growth of this segment over the forecast period.
· By application, segment the global market is segmented into electronics & electrical, transportation, and others. Other segment is further categorized as aerospace, marine, and construction.
· By region, Asia-Pacific heat resistant polymer market accounted for major revenue share of the global heat resistant polymer market and is further anticipated to maintain its dominance over the forecast period. Growing demand for heat resistant polymer products especially from countries such as India and China, coupled with increasing presence of domestic manufacturers in the region are some among the other factor expected to support growth of the heat resistant polymer market in the region over the forecast period. The market in North America is expected to account for second-highest revenue share in 2018.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Heat Resistant Polymer Market” by Type (Fluoropolymers, Polyimides, Polyphenylene Sulfide, Polybenzimidazole (PBI), and Polyether Ether Ketone (PEEK)), by Application (Electronics & Electrical, Transportation, and Others (Aerospace, Marine, and Construction)), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)- forecast till 2028
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The prominent player operating in the global heat resistant polymer market includes Arkema SA, BASF SE, Daikin Industries, Ltd., Evonik Industries AG, Solvay SA, Celanese Corporation, I. du Pont de Nemours and Company, Kuraray Co., Ltd., Saudi Basic Industries Corporation, and Victrex plc.
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