High Performance Plastics Market

HIGH PERFORMANCE PLASTICS MARKET Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2016–2024
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REPORT DESCRIPTION
High Performance Plastics Market Overview
Over the last couple of decades, plastics have emerged as an inseparable part of humankind, finding application in
every fathomable part of daily life. Increased living standards, growing environmental awareness, and sustainable
development thinking are driving demand for new and innovative material plastics. High performance plastics are
used mainly in high temperature and high pressure applications. These plastics show excellent performance and
effectiveness even when exposed to highly reactive chemicals. Due to their high chemicals resistance, low
coefficient of friction, superior performance at high temperature, high strength, and high quality electrical
resistance, these plastics are highly sought as compared to standard or engineering plastics. These plastics are
more expensive and are usually used in very small quantities.
Fluoropolymers, high performance polyamides, sulfone polymers, liquid crystal polymers, polyketones, and
polyimides are among the most commonly used high performance plastics. These materials are used in various
end-use industries such as transportation, medical, and electrical & electronics.
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REPORT DESCRIPTION
High Performance Plastics Market Taxonomy
On the basis of form type, the global market is segmented into:

Amorphous Polymers

Semi-Crystalline Polymers
On the basis of product type, the global market is segmented into:

Fluoropolymers (FPS)

Polytetrafluoroethylene (PTFE)

Polyvinylidene Fluoride (PVDF)

Fluorinated Ethylene Propylene (FEP)

Fluoroelastomers

Polyvinylidene Fluoride (PVF)

Ethylene Tetrafluoroethylene (ETFE)

Ethylene Chlorotrifluoroethylene (ECTFE)

Polychlorotrifluoroethylene (PCTFE)

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REPORT DESCRIPTION
High Performance Plastics Market Outlook – Asia-Pacific is
the largest, and fastest-growing region, globally
Asia-Pacific is the largest, and fastest-growing region in the global high performance plastics. This is due to the
growth in electrical & electronics industries in countries such as China, Taiwan, and South Korea, as they are
among the largest manufacturers of electrical & electronics components. The key factors such as growing
manufacturing plants of key major players in the region, high economic growth, cheap labor, and increasing FDI
in emerging economies such as India and China are fueling growth of high performance plastics market in the
region. The growing end-use applications of high performance plastics in automotive, aviation, medical, and
industrial are also the key drivers for the growth of high performance plastics in the Asia-Pacific region.
High manufacturing cost leads to the high price of these plastics, which in turn inhibits market growth. Some of
the major companies operating in the global high performance plastics materials market are BASF SE, Daikin
Industries, Ltd., Celanese Corporation, Solvay S.A., Arkema SA, Evonik Industries AG, Kuraray Co., Ltd., E. I.
duPont de Nemours and Company, SABIC, and Victrex Plc.
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High performance plastics are used mainly in high temperature and high pressure applications. These plastics show excellent performance and effectiveness even when exposed to highly reactive chemicals.