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.
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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.
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)
-
-
Other Fluoropolymers
-
-
High Performance Polyamides
-
Polyamide 11
-
Polyamide 12
-
Polyamide 9T
-
Polyamide 46
-
Polyamide MXD6
-
Polyphthalamide
-
Polyacrylamide
-
-
Sulfone Polymers
-
Polyphenylene Sulfide
-
Polysulfone
-
Polyethersulfone
-
Polyphenylsulfone
-
-
Liquid Crystal Polymers
-
Polyketones
-
Aromatic Ketone Polymers
-
Polyether Ether Ketone
-
Polyether Ketone
-
Polyether Ketone Ketone
-
-
Polyimides
-
Polyether-Imide
-
Polyamide-Imide
-
Polyester-Imide
-
On
the basis of application, the global market is segmented into:
-
Transportation
-
Automotive
-
Aviation
-
-
Medical
-
Pharmaceutical & Biotechnology
-
Surgical Equipment
-
Diagnostic
-
Therapeutic System
-
Dental
-
-
Industrial
-
Oil & Gas
-
Power Generation
-
Water Treatment
-
-
Electrical & Electronics
-
Telecommunication
-
Semiconductors
-
Electronic Components
-
Display
-
Defense Electronics
-
-
Others
-
Defense
-
Building & Construction
-
The
transportation segment, which includes automotive, and aviation is
the largest end-use segment in global high performance plastics
market. This growth is due to high demand for these plastics in
manufacturing exterior and interior components used in the aerospace
and automotive industries. Superior mechanical properties, high heat
stability, and superior chemical resistance of high performance
plastics are key factors for extensive use of these plastics over
other standard plastics in such key applications. Polyketones is the
fastest-growing product type segment in the global high performance
plastics. This is due to their unique properties that make them
suitable for manufacturing components for various applications such
as induction systems, fuel systems, coolant systems, powertrain,
engine components, brake systems, shaft seals, pumps &
valves, shaft seals, surgical equipment, sockets, biotechnology, and
transmission components.
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.
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Performance Plastics Market:
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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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