01-Feb-2019 | Zion Market Research
Zion Market Research has published a new report titled “Heat Resistant Polymers Market by Type (Polyimides, Polyphenylene Sulfide, Fluoropolymers, Polyether Ether Ketone (PEEK), Polybenzimidazole (PBI), and Others) and by End-Use Industry (Electronics & Electrical, Transportation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global heat resistant polymers market was valued at USD 13.75 billion in 2018 and is expected to reach around USD 21.51 billion by 2025, at a CAGR of 6.6% between 2019 and 2025.
Heat resistant polymers help in preventing degradation at extreme temperatures. These polymers are used in the construction of small, airplane cabins, enclosed spaces, such as boats and skyscrapers. Heat resistant polymers are also used in manufacturing military materials, such as canvas tenting, aerospace materials, and as adhesives in insulation for electronics.
Browse the full “Heat Resistant Polymers Market by Type (Polyimides, Polyphenylene Sulfide, Fluoropolymers, Polyether Ether Ketone (PEEK), Polybenzimidazole (PBI), and Others) and by End-Use Industry (Electronics & Electrical, Transportation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/heat-resistant-polymers-market
The global heat resistant polymers market is likely to grow rapidly in the years ahead, owing to the growing investments made in the electronics, aerospace, and automotive sectors. Rapid industrialization in developing countries, such as Mexico, Brazil, China, India, and Indonesia, is propelling the automotive industry. This, in turn, is expected to drive the heat resistant polymers market growth globally in the future. Heat resistant polymers are widely used in fuel systems and coolant systems. Thus, the thriving industries globally are extensively using heat resistant polymers in various applications, which, in turn, is anticipated to drive the heat resistant polymers market over the estimated timeframe. However, the high processing cost of heat resistant polymers might obstruct the heat resistant polymers market growth over the forecast time period.
The global heat resistant polymers market is segmented on the basis of type and end-user industry. By type, the global heat resistant polymers market includes polyimides, polyphenylene sulfide, fluoropolymers, polyether ether ketone (PEEK), polybenzimidazole (PBI), and others. Fluoropolymers-based heat resistant polymers held 49% of the share of the global heat resistant polymers market in 2016 and are projected to dominate the heat resistant polymers market in the future. This can be attributed to their versatility like high chemical resistance, high dimensional stability, resistance to bases, acids, and solvents, etc. By end-user industry, this global market includes electronics and electrical, transportation, and others. The transportation segment is expected to dominate the market globally, owing to the growing automotive industry across the globe.
By region, the global heat resistant polymers market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2017, the Asia Pacific region dominated the heat resistant polymers and is expected to continue its dominance in the forecast time period as well. Rapid industrialization in the region is fuelling the demand for heat resistant polymers in the automotive and other transportation industry, which, in turn, is anticipated to drive this regional market’s growth in the future. In the Latin American region, the flourishing automotive industry is expected to propel the heat resistant polymers market in the years ahead.
Some key players of the global heat resistant polymers market are SABIC, Arkema SA, Caledonian Ferguson Timpson Ltd., Ensinger GmbH, DIC Corporation, RTP Company, Inc., Schulman AG, Parkway Products Inc., Daikin Industries, Ltd., Dongyue Group Ltd., Kuraray Co., Ltd., Honeywell International Inc., and Du Pont, among others.
This report segments the global heat resistant polymers market into:
Global Heat Resistant Polymers Market: Type Analysis
Global Heat Resistant Polymers Market: End-Use Industry Analysis
Global Heat Resistant Polymers Market: Regional Analysis
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