The global heat resistant polymers market is
expected to reach USD 21.38 billion by 2025, according to a new report by Grand
View Research, Inc. The market is likely to be influenced by the growing
investments in the aerospace, electronics and the automotive sector.
Heat resistant polymers are resistant
to degradation at high temperatures and thus can be extensively used in the
transportation,electronics, defense, and bio-medical sector. High temperature
resistant polymers are produced from chemicals using a various process, the
most popular one being the chain reaction polymerization.
These polymers are consumed in
the production of electrical insulations, coal boilers, packaging, and gaskets.
Moreover, they are also utilized as raw materials for making high temperature
fuel cells in the chemical manufacturing industry. Automotive and aerospace
companies are continuously capitalizing their research and development
operations to bring in advanced solutions for increasing fuel efficiency of the
vehicles by replacing conventional materials.
Browse full research report on Global
Heat Resistant Polymers Market: http://www.grandviewresearch.com/industry-analysis/heat-resistant-polymer-market
Further key findings from the report suggest:
- The global heat resistant polymers demand is expected to reach 1.27 million tons by 2025, growing at an estimated CAGR of 6.2% over the forecast period
- The fluoropolymer segment accounted the largest market share in 2016 on account of its widespread use in the manufacturing of plastics, coatings, optical, medical, & electronic devices
- Polyphenylene sulfide possess properties such as resilience to alkalis, mildew, bleaches, aging, sunlight, and abrasion which is required for manufacturing aerospace equipment
- The transportation segment accounted for over 50.16% of the total heat resistant polymer market and is projected to witness the maximum growth rate during the forecast period
- Wire & cables are used in various application where high tensile strength, solvent resistance, flammability and electrical resistivity is required
- The electronics & electrical segment accounted for more than 34.45% of the overall heat resistant polymer market and is anticipated to witness the highest growth rate over the coming years
- Key players include BASF SE, Honeywell International Inc., E. I. Du Pont De Nemours and Company, Daikin Industries, Evonik Industries AG, DIC Corporation, Celanese Corporation, Solvay S.A.
- Research & development activities, new product launches, and technological collaborations are some of the key strategic initiatives taken up by the leading companies
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the global heat resistant
polymers market on the basis of product, end-use, and region:
Heat Resistant Polymers Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
- Fluoropolymer
- Polyphenylene sulfide
- Polyimides
- Polybenzimidazole
- Polyether ether ketone
- Others
Heat Resistant Polymers End-use Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
- Transportation
- Electricals & electronics
- Others
Heat Resistant Polymers Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
No comments:
Post a Comment