High Temperature Plastics: A Global Strategic Business Report
San Jose, California (PRWEB) January 09, 2015
Follow us on LinkedIn – High Temperature Plastics (HTPs), a specialized category of plastics exhibiting heat deflection temperatures in excess of 200°C, is one of the rapidly growing sectors of the plastics industry. Exceptional chemical and heat resistance capabilities of these materials are driving manufacturers to use HTPs as substitutes for metals in various end-use applications across aerospace, medical, automotive, electronics and electrical industries. Manufacturers’ preference for HTPs is also driven by the material’s ability to reduce production costs while enhancing flexibility, chemical resistance and durability. Growth in the global high temperature plastics market is significantly influenced by the dynamics of leading end-use markets. Major factors driving adoption of HTPs include production savings of about one-fourth per unit for manufacturers as a result of lower power consumption, superior physical durability, flexibility and chemical resistance.
Technological developments have enabled use of high temperature plastics in various high performance applications including the manufacture of Formula-1 cars. The material’s longer life and enhanced quality of performance additionally encourages its use in several industrial applications. HTPs are rapidly replacing the use of metals in areas such as motor and gear, bearings, plastic bumpers and body panels, pistons, pumps, and ignition modules in the automotive sector; connectors, coatings, wire and cable and packaging in electronics sector; and structural components, adhesives, engine components and matrix resins in the aerospace sector.
Demand for HTPs is expected to rise in the coming years in the medical devices sector as a result of increased use of plastics in manufacturing medical devices. The growing number of surgeries worldwide will also benefit the use of high temperature thermoplastics in the manufacture of surgical implants. Another noteworthy application which will drive growth includes off-shore oil rigging platforms for extraction of shale oil in resource-rich regions such as Brazil.
Fluoropolymer, a specialized polymeric material with unique performance characteristics, represents the largest product market. North America ranks as a major market for fluoropolymers with growth led by growing consumption in the wire and cabling end-use market, where fluoropolymers find use as primary insulation material and as jacketing material. Increasing demand from cookware, medical, chemical processing, and bakeware markets is also expected to spur growth in the market. Among the various types of fluoropolymers, PVDF (PolyVinylidine DiFluoride) and FEP (Fluorinated ethylene-propylene) offer robust opportunities for growth.
As stated by the new market research report on High Temperature Plastics, the United States represents the largest market worldwide. Developing markets are forecast to register strong growth fuelled by the migration of production activities to regions such as Asia-Pacific. The automotive industry especially is expected to generate strong demand for HTPs triggered by the growing focus on fuel efficiency and the need to reduce vehicle weight.
Major players covered in the report include 3M, Arkema Group, Asahi Glass Company Ltd., BASF SE, Bayer MaterialScience AG, Celanese Corporation, Chevron Phillips Chemical Company, China Lumena New Materials Corp., Daikin Industries Ltd., DIC Corporation, Dongyue Group Limited, The Dow Chemical Company, DSM Engineering Plastics B.V., DuPont Performance Polymers, EMS-Grivory, Evonik Industries AG, Kuraray Co. Ltd., Mitsui Chemicals Inc., Performance Plastics Ltd., Polyplastics Co Ltd., Radici Partecipazioni SpA, SABIC Innovative Plastics, The Solvay Group, Sumitomo Chemical Co. Ltd., Toray Industries Inc., and Victrex Plc, among others.
The research report titled “High Temperature Plastics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections in US dollars and Pound (lbs.) for all major geographic markets including the US, Japan, Europe, and Rest of World. Key segments analyzed include Fluoropolymers, Polyimides, High Performance Polyamides, Polyphenylene Sulfides, Liquid Crystal Polymers, Polyketones, and Polysulfones. End-use markets analyzed in the study include Automobile, Electrical/Electronics, Chemical/Industrial, Aerospace, Medical, and Others.
For more details about this comprehensive market research report, please click here
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