2018 High Temperature Plastics Market Report – Industry Trends, Opportunities and Forecasts 2017-2023 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The "High
Temperature Plastics Market – Industry Trends, Opportunities and
Forecasts to 2023" report has been added to ResearchAndMarkets.com's
offering.
The global high temperature plastics market was valued at US$13.850
billion in 2017 and is projected to reach US$21.196 billion by 2023
exhibiting a CAGR of 7.35% during the forecast period.
The growth in aerospace and coating industry is driving the high
temperature plastics market. The transportation industry is also
expected to contribute significantly as there is a large demand for
high-performance and lightweight materials to manufacture interior,
exterior, and under-the-hood components. Another factor accelerating
growth includes increasing R&D investment by major players to develop
new applications and products in order to cater to a larger customer
base.
However, the major restraining factor is the high cost of material. Asia
Pacific is expected to dominate the market over the next six years. The
major factor driving the growth in the APAC region is due to the shift
of manufacturing hubs from western regions to the Asia-Pacific.
Segmentation
By Type
- Fluoropolymers
- Polyphenylene Sulphide
- Polyimides
- Polysulfones
- Others
By End-Use Industry
- Transportation
- Electrical & Electronics
- Industrial
- Medical
- Others
Companies Mentioned
- Solvay
- DowDuPont
- SABIC Innovative Plastics
- Celanese Corporation
- Victrex
- BASF
- Dongyue Group
- Dic Corporation
- Evonik Industries
For more information about this report visit https://www.researchandmarkets.com/research/x4h7fs/2018_high?w=4
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Related
Topics: Plastics
