Global High Temperature Plastics Market to Reach US$7.9 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on High Temperature Plastics market. The global market for High Temperature Plastics is forecast to reach US$7.9 billion by the year 2015, driven by burgeoning demand from Asian countries including China and India. The market would also be propelled by promising growth in Polyketones segment and end-use markets such as Medical, Aerospace and Electrical/Electronics.

High Temperature Plastics: A Global Strategic Business Report

The market for High Temperature Plastics (HTP) has been witness to significant changes, powered by industry consolidation, pricing pressure, technology developments, and capacity expansions. In the recent years, high temperature plastics have emerged as irreplaceable materials in a diverse range of application areas, primarily due to outstanding performance even in demanding and stressful conditions. HTPs are also expanding into newer spheres by replacing various metals in areas such as medical packaging; engine components, matrix resins, motor and gear, plastic bumpers, ignition modules; connectors and wires, among others. Advanced Computer Aided Design (CAD) tools are being used to enhance the performance of HTPs in the plastic gears sector. Major factors pushing HTP uptake include production savings of about 25% per unit, longer and durable product life, low power consumption, flexibility, chemical resistance and enhanced performance quality.

The worldwide economic crisis made considerable inroads into manufacturing sectors including automobile, electronics and chemical industries particularly in developed economies across Europe and North America. These industries are major end-use markets for high temperature plastics (HTPs) and have a direct bearing on the fortunes of the market. The HTP market recorded negative growth rate during 2008 and 2009, and is slated to continue in a similar trajectory for the near future too. The decline was triggered by a noticeable slump in demand from major end-use industries such as automobile, chemicals and electronics. Another reason contributing to poor performance was the considerable destocking in the industry, owing to fall in raw materials costs and the global credit crunch. The situation was further worsened by anticipation of low prices due to falling oil prices and economic slowdown in Europe and North America. The manufacturing sectors in Europe and North America were hit hard by the recession, resulting in significant demand contraction for HTPs.

The outlook for global high temperature plastics remains bleak as the market is expected to continue with a period of slow growth for the next few years. Asian markets including China and India are expected to be the major HTP growth drivers in the future. Also, a turnaround in major markets including cable, wire, automobiles as well as the increasing requirement of high-performance materials in challenging industrial applications is expected to propel demand.

The US is positioned as the most dominant region, accounting for the single largest share in the world market as stated by the new market research report on High Temperature Plastics. Europe and Japan make up the other major markets, with the three regions together controlling a lion’s share of the world demand for high temperature plastics. In terms of growth rate, the Asian markets including China and India will take forward the future demand and profitability of HTPs at the fastest growth rate compounded through 2015.

The Fluoropolymers constitutes the largest HTP product segment, accounting for more than 40% of the world market. Focus on fuel efficiency and growing environmental concerns are expected to spur use of fluoropolymers, particularly in the automobile industry. Polyketones and High Performance PA on the other hand, are positioned to emerge as segments with high growth potential by 2015. The Electrical/Electronics end-use industry segment is the largest market for high temperature plastics. The Medical industry is projected as the fastest growing application area for the period 2007-2015.

Key market participants in the High Temperature Plastics Market include Arkema, BASF AG, Bayer MaterialScience AG, Celanese Corporation, Ticona, Chevron Phillips Chemical Company, Daikin Industries, Ltd, DSM Engineering Plastics B.V., DuPont Engineering Polymers, Inc, Dyneon LLC, Eastman Chemical Company, Evonik Degussa, Mitsui Chemicals, Inc, Radici Novacips SpA, Performance Plastics Ltd, Solvay Group, The Dow Chemical Company, Toray Industries, Inc., Victrex Plc., among several others.

The report titled “High Temperature Plastics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry outlook, overview, market trends, product overview, recent industry activity, and profiles of market players worldwide. Analysis and overview is presented for major geographic markets such as US, Japan, Europe and Rest of World. Market analytics are provided in terms of terms of dollar (value) for product segments including Fluoropolymers, Polyimides, High Performance PA, Polyphenylene Sulfides, Liquid Crystal Polymers, Polyketones and Polysulfones. Analytics are also provided in volume terms (pounds) for the World, US and Europe markets. The report is also analyzed in terms of end-use industries such as Automobile, Electrical/Electronics, Chemical/Industrial, Aerospace, Medical and Others. The study presents historic data for an insight into market evolution over the period 2000 through 2006.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/High_Temperature_Plastics_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) 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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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