High Temperature Plastics Market to Reach $8.8 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

A robust electronics sector, which consumes more than one-third of HTP production, is propelling growth in the market. The US and Europe are among the fastest growing regions while emerging markets such as Asia also offer good growth prospects. Fueled by positive trends, the global market for high temperature plastics is expected to reach US$8.8 billion by 2010.

San Jose, California (PRWEB) July 16, 2007 -- Over the last few years, the market for High Temperature Plastics (HTP) witnessed striking changes. Industry consolidation, pricing pressures and technology developments have significantly impacted the market for HTPs, one of the fastest growing segments of the plastics industry. In the automotive industry, CAD tools are being used to design plastic gears.

Compared to metals, plastic gears reduce noise and enhance quality and working life of parts. Due to technological developments, HTPs have started to find their place in high performance applications such as Formula-1 Cars. HTPs are also finding application as replacement for metals in areas such as motor and gear, bearings, plastic bumpers and body panels, oil screens, pistons, pumps, ignition modules in automobile sector; connectors, coatings, wire and cable and packaging in electronics sector; semiconductor, medical packaging; and structural components, housings, adhesives, engine components and matrix resins in aerospace sector.

United States is the largest market worldwide, worth an estimated US$3.3 billion in 2007. Japan is the second largest regional market followed by Europe at third position. Europe, US and Japan collectively account for over 90 percent of the global high temperature plastics (www.strategyr.com/MCP-1446.asp) market. The global and regional markets are expected to grow at CAGRs ranging between 7% and 9%. Fluoropolymers (www.strategyr.com/MCP-1446.asp) represents the largest market segment estimated at over US$3 billion in 2007. Polyimides (www.strategyr.com/MCP-1446.asp) is the second largest segment with sales expected to reach US$2.1 billion by 2010. Polysulfones is the fastest growing product segment at a CAGR of 8% through 2010.

The global marketplace is characterized by participants such as Arkema, BASF AG, Bayer Group, Celanese Corporation, Ticona, Chevron Phillips Chemical Company, Daikin Industries Ltd., Degussa AG, The Dow Chemical Company, DSM Engineering Plastics B.V, DuPont Engineering Polymers Inc., Dyneon LLC, Eastman Chemical Company, EMS-Grivory, Formosa Plastics Corporation U.S.A., GE Plastics, Kuraray Group, Mitsui Chemicals Inc., Performance Plastics Ltd., Polyplastics Co Ltd., Radici Plastics, Rhodia Engineering Plastics, Solvay Group, Toray Industries Inc and Victrex Plc.

"High Temperature Plastics: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, product profile, players, competition, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, Europe and Rest of world countries. Global and regional analytics are provided in terms of end-use market segments including Automobile, Electrical/Electronics, Chemical/Industrial, Aerospace, Medical and Others. The global market is also analyzed for key product markets including Fluoropolymers, Polyimides, High Performance PA, Polyphenylene Sulfides, Liquid Crystal Polymers, Polyketones, and Polysulfones.

For more details about this research report, please visit www.strategyr.com/MCP-1446.asp.

About Global Industry Analysts, Inc.:

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

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