Technology Innovation Spurs Growth in the High Temperature Plastics Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on High Temperature Plastics markets. Global market for High Temperature Plastics (HTPs) is projected to reach US$12.1 billion by 2018, driven primarily by technology innovations in material strength and functional characteristics and healthy demand in developing countries.

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High Temperature Plastics: A Global Strategic Business Report

San Jose, California (PRWEB) April 05, 2013

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 towards HTPs is also driven by the material’s ability to reduce production costs while enhancing flexibility, chemical resistance and durability. Rising demand for lightweight components is also driving consumption of high temperature plastics.

Growth in the HTPs market declined in 2008 as a result of the global economic crisis that softened demand in all end-use sectors. North America, Japan, and Europe were among the worst hit by the recession. Currently, the pace of recovery in developed economies remains overcast amidst weak consumer confidence and contraction in economic growth as a result of fiscal austerity policies. Developing countries are expected to drive future growth in the market led by rising GDP, rapid pace of industrialization and increasing manufacturing and industrial output. China and India represent large markets with robust untapped potential stemming largely from expanding automobile production and rising capital investments in mining, chemical, construction and agricultural industries.

As stated by the new market research report on High Temperature Plastics, the United States represents the largest market worldwide. Asia-Pacific is forecast to register strong growth fuelled by the migration of production activities to the region. The automotive industry especially is expected to generate strong demand for HTPs triggered by the growing focus on fuel efficiency and the drive to reduce vehicle weight. Replacement of metal by plastics is thereby encouraging growth in the market.

Fluoropolymer, a specialized polymeric material with unique performance characteristics, represents the largest product market. Growth in this market is driven by product innovation, expansion in applications areas, developments in advanced application processes and strong demand from emerging markets. North America is the leading fluoropolymers market 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. Demand for PVDF is expected to grow driven by its increasing use in architecture coatings, lithium-ion batteries and fiber optic cables. Polyketones represents the fastest growing market sector with growth supported by the emergence of end-use applications with high-performance requirements (such as electric and hybrid vehicles) and the growing popularity of miniaturized electronic devices.

Major players profiled in the report include 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., DSM Engineering Plastics B.V, DIC Corporation, DuPont Performance Polymers, 3M, Evonik Industries AG, Kuraray Co. Ltd., Mitsui Chemicals Inc., The Solvay Group, The Dow Chemical Company, 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, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ 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 visit –
http://www.strategyr.com/High_Temperature_Plastics_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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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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