High Temperature Plastics Market to Reach $10.5 Billion by 2012, According to New Report by Global Industry Analysts, Inc.

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A robust electronics sector, which consumes more than one-third of HTP production, is propelling growth in the high temperature plastics market. The United States 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 $10.5 billion by 2012.

High Temperature Plastics: A Global Strategic Business Report

Over the last few years, the high temperature plastics market 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$3.1 billion in 2008. Europe is the second largest regional market followed by Japan at third position. Europe, US and Japan collectively account for over 90 percent of the global high temperature plastics market. The global and major regional markets are expected to grow at CAGRs ranging between 6% and 7.1% over 2008-2015 period. Fluoropolymers market represents the largest segment estimated at over US$3.6 billion in 2008. Polyimides market is the second largest segment with sales expected to exceed US$2 billion by 2010. Polyketones is the fastest growing product segment, exhibiting a CAGR of 15% over 2000-2010 period.

The global marketplace is characterized by participants such as Arkema, BASF AG, Bayer MaterialScience AG, Celanese Corporation, Ticona, Chevron Phillips, Daikin Industries, DSM Engineering Plastics, DuPont Engineering Polymers, Dyneon, Eastman Chemical Company, EMS-Grivory, Evonik Degussa, Formosa Plastics Corporation, Kuraray, Mitsui Chemicals, Performance Plastics, Polyplastics, Radici Novacips, Rhodia Engineering Plastics, SABIC Innovative Plastics, Solvay Group, The Dow Chemical Company, Toray Industries, Victrex.

"High Temperature Plastics: A Global Strategic Business Report" from Global Industry Analysts, Inc. 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 the United States, Japan, Europe and rest of world. 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 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 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.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ strategyR.com
Web Site http://www.strategyr.com/

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