(EMAILWIRE.COM, August 30, 2018 ) Industry Outlook and Trend Analysis

The global Heat Resistant Polymer Market was worth USD 10.78 billion in 2014 and is expected to reach approximately USD 19.26 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.66% during the forecast period. Expanding demand for these polymers in aerospace and automotive ventures is anticipated to drive the business development. Items created using heat resistant polymers are gaining critical demand both based on commercialization and achievements in research & development. Substitution of ordinary materials, for example, metals in the automotive business by lightweight plastics is foreseen to drive demand amid the estimate time frame. High temperature plastics indicate incredible proficiency in heat resilient applications and tempt critical enthusiasm because of its potential industrial applications.

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Product Outlook and Trend Analysis

Fluoropolymers rose as the biggest product fragment in 2016 and represented 49% of the share of the overall industry. Fluoropolymers have polytrophic properties, for example, high dimensional steadiness, resistant to acids, solvents and bases, high chemical resistance. Based on income, polyphenylene sulfide represented the second biggest share of the overall industry in 2016 and is foreseen encounter significant growth. It is synthesized to acquire materials and manufactured filaments which are made use of in filter fabrics for coal boilers, packaging, electrical insulations, and gaskets.

End User Outlook and Trend Analysis

The transportation fragment represented the huge share in 2016. Expanding uses of warmth safe polymers to fabricate more fuel-proficient, reduced, and light vehicles by supplanting metallic parts is anticipated to drive the market amid the conjecture period. Additionally, these products have high requirement in the electrical and electronics ventures and are primarily used as a part of connectors, engine brush cards and circuit.

Regional Outlook and Trend Analysis

Asia Pacific represented over 45.23% of the worldwide income in 2016 is foreseen to witness the speediest development over the gauge time frame. Developing economies, for example, India and China are anticipated to witness solid financial development over the coming years. Expanding demand for high temperature plastics from aerospace, automotive, and electronics enterprises in these nations has been in charge of the market development. Europe and North America together represented half of the worldwide demand in 2016.

Competitive Insights

Organizations are foreseen to invest large sums in look research & development activities. Affiliations are likewise orchestrated to rise as one of the vital activities used by organizations engaged with product improvement. Growth of capacity and launch of new product are prevalent in the business. The leading players in the market are Celanese, DIC Corporation, BASF, Honeywell Automation India Ltd, Du Pont, Solvay S.A, Evonik Industries and Daikin.

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The Heat Resistant Polymer Market is segmented as follows-

By Product:
Polyphenylene sulfide
Polyimides
Fluoropolymer
Polyether ether ketone
Polybenzimidazole
Others

By End User:
Electronics & Electrical
Transportation
Others

By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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Qurate Business Intelligence
Nehal Chinoy
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