High-Temperature Plastics Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Fluoropolymers, Polyphenylene Sulphide, Polyimides, Polysulfones, Others), By End-User Industry (Transportation, Electrical & Electronics, Industrial, Medical, Others), And By Geography - Forecasts From 2022 To 2027

  • Published : May 2023
  • Report Code : KSI061610327
  • Pages : 120

The high-temperature plastic market is expected to grow at a CAGR of 4.96% from an initial value of US$35.809 billion in 2021 to US$50.264 billion in 2028. High-temperature plastics refer to a class of polymers that can withstand extreme heat and maintain their properties without degrading. They are widely used in applications where exposure to high temperatures is necessary, such as in the automotive, aerospace, and electronics industries.

Drivers:

One of the key factors driving the market growth is the increasing demand from various end-use industries. For instance, the growing automotive industry is driving the demand for high-temperature plastics in applications such as engine components, electrical and electronic components, and other high-temperature applications. Similarly, the aerospace industry is also expected to drive the demand for high-temperature plastics due to their lightweight and high-strength properties.

Another factor is the increasing demand for advanced materials with improved performance characteristics. High-temperature plastics offer superior performance in terms of strength, thermal stability, and chemical resistance compared to traditional materials such as metals and ceramics. Moreover, the increasing demand for energy-efficient solutions is also expected to drive the growth of the high-temperature plastics market. These plastics can help improve energy efficiency in applications such as insulation, which can help reduce energy consumption and improve sustainability.

Key Developments

  • In 2020, Solvay SA, a Belgian chemical company, acquired Composites One LLC, a US-based supplier of composite materials. The acquisition aimed to strengthen Solvay's position in the high-temperature composites market, including high-temperature plastics.

The rising application in various industry verticals such as automotive and electrical & electronics is driving the growth.

The high-temperature plastic market is segmented into transportation, electrical & electronics, industrial, medical, and others, based on end-use industry. In the automotive industry, high-temperature plastics are used for engine components, fuel systems, and electrical components because they offer reduced weight, increased fuel efficiency, and improved durability. In the aerospace industry, these plastics are used for engine components, cabin interiors, and structural components as they offer reduced weight, increased fuel efficiency, and improved resistance to chemicals and high temperatures.

In the electrical and electronics industry, high-temperature plastics are used for insulation, circuit boards, and connectors because of their improved electrical properties, higher durability, and resistance to high temperatures. The increasing demand for electronic devices across various industries, including automotive, aerospace, and consumer electronics, is driving the growth of high-temperature plastics in the electrical and electronics sector. High-temperature plastics are used in the manufacture of various components in these devices, including connectors, insulators, and housings. The International Energy Agency (IEA) reports that the global demand for electronic devices is expected to continue to grow, with an estimated 11 billion devices in use worldwide by 2025. Furthermore, the U.S. Department of Energy reports that the demand for high-performance materials in the electrical and electronics sector is expected to increase due to the growing demand for energy-efficient devices. As such, the rising electricity demands through several household electronic items like ovens, microwaves, hairdryers, irons, etc. that use high-temperature plastics has also favorably impacted the high-temperature plastics market in the electrical and electronics segment.

North America’s high-temperature plastic market is growing due to a surge in the demand for high-temperature plastic in major end users.

Based on geography, the high-temperature plastic market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific regions. In North America, the growing industrial production in the country coupled with favorable investment inflows in the major end users of high-temperature plastic such as transportation is expected to accelerate the market demand for such plastics. The automotive sector of the U.S. is witnessing significant growth owing to the surge in demand for fuel and performance-efficient vehicles coupled with the growing technological advancement in the sector. According to the data provided by the International Organization of Motor Vehicle Manufacturers, in 2020, automotive production in the U.S. stood at 10.06 million units which represented an increase of 10% in comparison to 9.15 million units produced in 2021. The growth shown by the electrical & electronics sector in the U.S. owing to the growing smartphone consumption growing shift toward the usage of durable and heat-resistant materials in consumer electronics is also expected to act as an additional driving factor for the high-temperature plastic market in the U.S thereby augmenting the overall market growth during the forecast period.

High-Temperature Plastics Market Scope:

Report Metric Details
 Market size value in 2020  US$32.991 billion
 Market size value in 2027  US$45.962 billion
 Growth Rate  CAGR of 4.85% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, End-Use Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Solvay, DuPont, SABIC Innovative Plastics, Celanese Corporation, Victrex Plc.
 Customization scope  Free report customization with purchase

 

Market Segmentation:

  • By Type
    • Fluoropolymers
    • Polyphenylene Sulphide
    • Polyimides
    • Polysulfones
    • Others
  • By End-Use Industry
    • Transportation
    • Electrical & Electronics
    • Industrial
    • Medical
    • Others
  • By Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • South America
      • Argentina
      • Brazil
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Others
    • Middle East and Africa
      • UAE
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Indonesia
      • Thailand
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the high-temperature plastics market size by 2027?
A1. The high-temperature plastics market is projected to reach a total market size of US$45.962 billion by 2027.


Q2. What is the size of the global high-temperature plastics market?
A2. High-Temperature Plastics Market was valued at US$32.991 billion in 2020. 


Q3. What are the growth prospects for the high-temperature plastics market?
A3. The global high-temperature plastics market is projected to witness a CAGR of 4.85% during the forecast period.


Q4. What factors are anticipated to drive the high-temperature plastics market growth?
A4. The increased demand for plastics in the automotive, electronics, and construction industries is helping the high-temperature plastics market to grow over a forecast period.


Q5. Which region holds the largest market share in the high-temperature plastics market?
A5. The Asia-Pacific will dominate the high-temperature plastics market.


1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. HIGH-TEMPERATURE PLASTIC MARKET BY TYPE

5.1. Introduction

5.2. Fluoropolymers

5.3. Polyphenylene Sulphide

5.4. Polyimides

5.5. Polysulfones

5.6. Others 

6. HIGH-TEMPERATURE PLASTIC MARKET BY END-USER INDUSTRY

6.1. Introduction

6.2. Transportation

6.3. Electrical & Electronics

6.4. Industrial

6.5. Medical

6.6. Others

7. HIGH-TEMPERATURE PLASTIC MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America 

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America 

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe 

7.4.1. UK

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Others

7.5. Middle East and Africa 

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific 

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Australia

7.6.6. Indonesia

7.6.7. Thailand

7.6.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. Solvay

9.2. DuPont

9.3. SABIC Innovative Plastics

9.4. Celanese Corporation

9.5. Victrex Plc

9.6. Lanxess AG

9.7. BASF SE

9.8. EnvisionTEC


Solvay

DuPont

SABIC Innovative Plastics

Celanese Corporation

Victrex Plc.

Lanxess AG

BASF SE

EnvisionTEC