Wednesday, 2 August 2017

Fluoroelastomer Market- Trends, Industry Insights, and Forecast 2024

Fluoroelastomers are manufactured by copolymerizing numerous combinations of hexafluoropropylene (CF2=CFCF3), chlorotrifluoroethylene (CF2=CFCl), vinylidene fluoride (CH2=CF2), and tetrafluoroethylene (C2=F4). Also known as fluorinated elastomers, these elastomers have excellent resistance to swelling due to oils, chlorinated solvent, oxygen, ozone, heat, and fuels. Fluoroelastomers are extensively used in automobile industry due to their unique characteristics such as resistance to heat, sealing capability, and mechanical properties. For processes with short duration, fluoroelastomers can be used at higher temperature range of –26°C to 205-230°C.
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Fluoroelastomers are used for sealing applications in the chemical industry, owing to enhanced properties such as excellent chemical resistance and high operating temperature range. Fluoroelatomeric hoses are used in low pressure applications, paint spray extraction, and extraction at medium temperatures. Fluoroelastomer seals help prevent semiconductor process contamination by lowering extractables, dropping particulates, and resistance against degradation in harsh plasma. Fluoroelastomers are used in highly aggressive semiconductor wafer fabrication, oil & gas recovery, chemical processing, pharmaceutical, and aerospace applications.
Fluoroelastomer Market Taxonomy
On the basis of type of product type, the global market is classified into:
  • Fluorocarbon elastomer
  • Perfluorocarbon elastomer
  • Fluorosilicone elastomer
On the basis of application, the global market is classified into:
  • O rings
  • Gaskets
  • Hoses
  • Seals
On the basis of end use industry, the global market is classified into:
  • Automotive
  • Energy and power
  • Chemicals
  • Oil & Gas
  • Aerospace
Fluoroelastomeric O ring has excellent resistance to ozone, oxygen, mineral oil, high temperatures, fuels, aromatics, synthetic hydraulic fluids, and many more chemicals organic and solvents. This has led to the increase in consumption of fluoroelastomers as a preferred O ring material. O rings are used in engine oil seals, petrochemical system, high temperature seals, and fuel systems. Hoses are widely used in automotive and aerospace industries due to properties such as excellent chemical resistance, protection against abrasion, extreme compressibility 1:6, highly flexible, kink-proof, smooth inner hose wall, small bend radius, tear resistance, Uv- and ozone-resistance, high temperature resistance, and vibration proofing. Perfluorelastomers (FFKM) consist of fully-fluorinated polymer structure resulting in fluorine composition of over 70%. Thus, FFKM materials offer ultimate thermo-chemical resistance depicted by long-term high temperature compression-set resistance. In addition to this, use of fluoroelastomers has various benefits such as reduced repairs and inspections, less frequency of seal changes, increased process and equipment life for greater productivity and yield.   
Fluoroelastomer Market Outlook – Need for Heavy-duty and Functional Materials Expected to Fuel Demand
Advancements in automotive, chemicals, and aerospace sectors have led to use of complex machinery, in turn requiring highly specialized and functional materials such as fluoroelastomers. Rampant growth of these end-use industries across the globe is in turn providing major impetus for growth of the global fluoroelastomer market. Asia Pacific is one of the major contributors in the market. This is mainly attributed to the booming automotive industry in the emerging economies such as India and China. In 2016, the Indian automotive industry accounted for total revenue of USS 31.84 billion. This along with the 100% FDI in this sector in the country has attracted investors such as Bosch, Continental Engines, ZF, Aisin Seiki Company, Delphi, FAG, Denso, Magneti Marelli, WABCO, TRW and Valeo. This trend is expected to continue over the forecast period, in turn propelling growth of the fluoroelastomer market.
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High initial price is one of the restraining factors for the fluoroelastomer market. Mergers and acquisitions and development of innovative portfolio are some of the key strategies adopted by the top players in the global fluoroelastomer market. In March 2017, 3M signed an agreement with Johnson Controls for the acquisition of Scott Safety. Scott Safety is a leading manufacturer of innovative products such as self-contained breathing apparatus (SCBA) systems, gas and flame detection instruments, and various safety devices that will widen 3M’s product portfolio in safety. Some of the companies operating in the global waterproofing admixture market are E. I. Du Pont De Nemours and Company (U.S), 30+., Asahi Group Holdings, Ltd., Daikin Industries, Ltd., Solvay AG, and 3M Company (U.S)
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Construction Chemicals Market- Trends, and Industry Insights 2024

Construction chemicals are additives that are used with concrete, cement, and other construction materials to provide additional durability and workability to various structures. The type of chemical to be used depends on the size and nature of the project. Construction chemicals are used to obtain certain desired characteristics in concrete such as high workability, high compressive strength, and high performance and durability parameters to meet the requirement of complexity of modern structures. Hardeners are used with structures to seal them against moisture and making them dustproof by bonding the crystalline structure of cement.
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Admixtures can modify properties such as workability, water reduction, heat of hydration, dispersion and air-entrainment, accelerating or retarding setting time, impermeability and durability factors. Commonly used admixtures are hydro carbolic acid salts and ligno-sulphonates.  Construction chemicals provide structures with enhanced bond strength and moisture retention, increased crack resistance of mortar, increased yield with same quantity of construction materials, decreases drying time of mortar and improves appearance.
Construction chemicals Market Taxonomy
On the basis of type of product type, global market is classified into:
  • Concrete admixtures
  • Flooring
  • Roofing
  • Repair
  • Waterproofing
  • Sealants & adhesives
On the basis of application, the global market is segmented into:
  • Residential
  • Commercial
  • Industrial
Admixtures can be further classified as chemical admixtures and mineral admixtures. Chemical admixtures include plasticizers, accelerators, and set retarders, which are used for water reduction and decreasing hardening time of concrete or cement. Mineral admixtures consist of fly ash, silica fume, blast furnace slag, and rice husk that are used to enhance the properties of cement. Waterproofing is a cement coating which when applied to permeable masonry surfaces forms a heavy-duty and durable finish which water resistant and increases the toughness of the surface. Construction chemicals are also used for repairing concrete structures and are suitable for structural and non-structural repairs. Flooring chemicals provide high bond strength and can be used with mosaic tiles, glazed tiles, granite tiles, terrazzo tiles, brick, and marble.
Construction Chemicals Market Outlook – Need for Durable and Lightweight Materials Expected to Boost Demand
Rapidly increasing growing construction industry coupled with complex modern infrastructural needs fuels growth of construction chemicals market. Asia Pacific is one of the major contributors to the construction chemicals market. This is owing to constantly growing construction industry in emerging economies such as India and China. According to India Brand Equity Foundation (IBEF)—part of the Department of Commerce, Ministry of Commerce and Industry, Government of India—the Indian construction industry is expected to grow to a value of US$ 5 billion by 2020. Also, various government schemes and foreign investments have augmented the growth of construction chemicals market in the region. Growing infrastructural needs in India has attracted various investors such as Silver Spring Capital Management, Altico Capital, The Construction Industry Development Board of Malaysia, and many more. This in turn creates a conducive environment for market growth.
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High price of construction chemicals is one of the restraining factors for the construction chemicals market. Mergers and acquisitions and expansions in various geographies are some of key strategies followed by the top players in the construction chemicals market. In August 2016, Pidilite Industries, a leading manufacturer of construction chemicals, adhesives and sealants, along with Industria Chimica Adriatica Spa (ICA) of Italy formed an equal joint venture company - Wood Coat. Developing an innovative product portfolio is also one of the key strategies for the new entrants in the construction chemicals industry. The Dow Chemical Company is developing construction chemicals with increased use of silicone, which will enhance the characteristics of construction chemicals. Some of the companies operating in the market of construction chemicals globally are Pidilite Industries, BASF SE, RPM International Inc., Sika A.G., The Dow Chemical Company, Fosroc International, Arkema S.A., Ashland Inc., Mapei S.p.A, and W.R. Grace.
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Tuesday, 1 August 2017

Coil Coatings Market- Trends, Industry Insights, and Opportunity Analysis, Forecast 2016-2024

Coil coating is a continuous and automated process for coating metals before building into end products. The steel or aluminum substrate is delivered from the rolling mills in coil form. The metal coil is placed at the beginning of the coating line and in a continuous process at 700 feet per minute the coil is unwound, pre-treated, pre-cleaned, pre-primed, and pre-painted. Coil coating provides for controls that are virtually not possible to attain with other painting processes. A flat sheet is used in coating process as it allows for mechanical cleaning with the spray cleaning. The flat sheet also allows excellent control of coating weights for the pretreatment as well as the paint depending upon the equipment and the paint system being applied.
Coil coatings provide durable surfaces, beautiful topcoats, innovative applications, cost savings and green benefits as compared to other substrates and coating options. Steps involved in coating process are stitching the strip to the previous coil, cleaning the strip, power brushing, pre-treating with chemicals, drying the strip, applying primer on one or both sides, curing (up to 60 seconds), cooling the strip, top coating on one or both sides, second curing, cooling down to room temperature, and finally the rewinding of the coated coil.
Coil Coatings Market Taxonomy
On the basis of product type, the global market is classified into:
  • Plastisols
  • Polyurethane (PU)
  • Polyester
  • Polyvinylidine Fluorides (PVDF)
  • Silicone Modified Polyester
On the basis of application, the global market is classified into:
  • Automobile
  • Construction
  • Transportation
  • Consumer goods
Coil coatings are used in the lighting industry in decorative details and lighting fixtures in office buildings, educational institutions, retail spaces, hospitals, factories, government buildings and warehouses. They are also used in film laminate for applications which require a very high specular reflectance or mirror-like reflection, such as fluorescent light fixtures, solar tubes, and reflectors. Coil coatings are also used as a sound dampening solution for metal roofing. The principal application segments for coil coatings are steel and aluminium are among. Increasing steel and aluminium demand in construction and transportation industries is expected to promote coil coatings market.
Coil Coatings Market Outlook – Increasing Demand for Lightweight Materials to be the Major Market Driver  
Asia Pacific and North America are expected to be the most potential markets for Coil Coatings manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. This is mainly attributed to the anticipated growth in various end use industries such as automotive and construction, especially in developing countries such as China and India. According to IBEF, the Indian automotive industry is expected to be valued at US$ 300 billion by 2026. This trend is expected to be followed over the forecast period. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.
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Need for cost effective and durable coatings are firing the demand for coil coatings, especially in Asia Pacific and Middle East regions. However, the substitution of metals by plastics is one of the restraining factors for the coil coatings market. Expansions and acquisitions is a key strategy adopted by the major players. AkzoNobel, a leading coatings and paints manufacturer inaugurated a new coatings plant in Noida, Uttar Pradesh. With an investment of US$ 46.5 million (INR 3 crore), the new facility has added 6000 kl of annual production in coatings. This will help the company to penetrate the Asia Pacific market and increase supply chain. Some of the major companies operating in the coil coatings industry include BASF SE, Henkel AG & Company, DuPont, The Beckers Group, Kansai Paint Chemical Limited, AkzoNobel, PPG Industries Inc., The Sherwin-Williams Company, and Wacker Chemie AG.
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Lithium Ion Battery Market Trends and Industry Report, 2024

Lithium Ion batteries were introduced commercially in 1970, which offered high energy density with low maintenance. The energy density of lithium-ion is usually twice that of the standard nickel-cadmium. Some variants of lithium ion battery provide high current density and are an ideal choice for consumer mobile electronic equipment. Others provide higher current levels and are suitable for electric vehicles and power tools.
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Lightweight lithium ion batteries are the best choice for mobility equipment, as they offer relatively long life span, allow for size customization, have extended run time when compared to lead acid, are fast charging and have a low self-discharge rate. Rechargeable lithium-ion batteries are also used for remote monitoring systems, owing to characteristics such as long life, small size, and relatively long stand-by time. Lithium batteries offer a self-discharge rate, which is 10 times lower as compared to lead acid batteries.
Lithium Ion Battery Market Taxonomy
On the basis of material type, the global market is segmented into:
  • Cathode
  • Anode
  • Binders
  • Foils
  • Electrolytic solution
  • Separators
On the basis of power capacity, the global market is classified into:
  • 5–25 Wh
  • 18–28 KWh
  • 48–95 Wh
  • 100–250 KWh
  • More than 300 KWh
On the basis of application, the global market is classified into:
  • UPS
  • Cars
  • Games
  • Aircraft
  • Mining equipment
  • Smart Grid
  • Smartphones
  • Trucks
  • Gardening tools
Lithium-ion batteries are used in marine motors, which offer easy handling and reduced weight as compared to conventional lead acid batteries. Rechargeable lithium-ion batteries are an excellent choice for solar panels due to fast recharging ability. Maximum utilization of potential solar power storage is possible with lithium ion batteries.   
Lithium Ion Battery Market Outlook – Increasing Demand for Automotive Applications to be the Major Market Driver  
Asia Pacific is expected to be the most potential market for lithium ion battery manufacturers. The market in the region is projected to witness relatively high growth in terms of value over the forecast period. Rapidly growing automotive industry coupled with increased demand of batteries for consumer and commercial goods has augmented the growth of lithium ion battery market in developing countries such as India and China. According to IBEF, in 2016, the Indian automotive industry was valued at US$ 31.84 billion. This is further complemented by 100% FDI permitted by the Indian government in the automotive sector. This has attracted investors such as Bosch, Continental Engines, ZF, Aisin Seiki Company, Delphi, FAG, Denso, Magneti Marelli, WABCO, TRW and Valeo. This trend is expected to be followed over the forecast period. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.
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Recharging capability and high energy density are fueling the demand for lithium ion battery, especially in Asia Pacific and Middle East regions. Highly fragmented market is expected to be one of the restraining factors for the growth of lithium ion battery market over the forecast period. Furthermore, instances of lithium-ion batteries randomly exploding, as was the case with Samsung Galaxy Note 7, which led to abrupt discontinuation and recall of the product, has dented customer confidence in lithium ion batteries. While, this might be considered to be a one-off incident, research is currently underway to develop safer alternative battery technologies, which would inhibit growth of the lithium-ion battery market. For instance, researchers at the Dallas University are working on a revolutionary lithium-air battery technology, wherein oxygen is used as the oxidizer, rather than the material. This makes the battery up to five times cheaper and as many times long lasting than conventional lithium-ion batteries. Product innovation and expansion in various geographies is a key strategy adopted by the major players in the lithium ion battery market. Toshiba Corp and Denso Corp are planning to manufacture automotive lithium ion battery packs. This initiative includes an investment of INR 1,184 crore and the manufacturing facility is expected to be set up in Gujarat, India. Some of the major companies operating in the global lithium-ion batteries market are LG Chem Ltd., Valence Technology Inc., Saft Groupe S.A., Panasonic Corporation, BYD Co. Ltd., Samsung SDI Co., Ltd., BAK Group, GS Yuasa Corporation, Johnson Controls Inc., Hitachi, Ltd., Toshiba Corporation, and A123 Systems, LLC. .
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Epoxy Curing Agents Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Epoxy Curing Agents Market Overview
Epoxy curing agent has wide range of applications in industrial coatings, civil engineering & construction, automotive and metal-to-metal adhesives, composites, electronic potting among others. The various types of curing agents such as aliphatic, cycloaliphatic, amidoamine, polyamide and others have different molecular structure, basicity, and are of different functional groups. These properties allow the epoxy curing agents to control the curing reactions and also control the properties of cured thermosets. The increasing demand for high performance epoxy-based resin formulations for various applications such as paints & coatings, composites, and electronic applications is fueling growth of the epoxy curing agents market. Owing to industrialization in chemicals, aerospace, automobiles, and oil & gas sectors in Asia-Pacific; the region is expected to dominate the epoxy curing agents industry. Polyamide dominates the market due to its major applications in paints & coatings.
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Global Epoxy Curing Agents Taxonomy
The global epoxy curing agents market is classified on the basis of the following segments:
  • By product type
    • Aliphatic
    • Cycloaliphatic
    • Amidoamine
    • Polyamide
    • Latent curing agent
    • Waterborne curing agents
    • Phenolics
    • Others
  • By Application
    • Paints & Coatings
    • Composites
    • Electrical & Electronics
    • Automobile
    • Construction
    • Adhesives
    • Others
Prevalent Scenario in Epoxy Curing Agents Market
Epoxy curing agents provide various advantages such as improved cure system strength, flexibility, impact strength, cured system chemical, and water resistance. Epoxy curing agents in amino groups are designed for low temperature curing, blush-free film, surface tolerant for applications in marine & industrial maintenance, pipe lining, coating and civil engineering. Waterborne curing agent products are designed for coating applications such as chemical resistant coating, corrosion resistant coating for end use, which include masonry coatings, floor toppings, and general maintenance coatings. Products under the range of amidoamine curing agents provide advantages such as low viscosity, improved adhesion, room temperature cure and are typically used in potting, high solid coatings, concrete coatings, adhesive formulations. Polyamide dominates the epoxy curing agent market with applications in wide range in adhesive applications such as primer, midcoat and topcoat applications on ships, bridges, industrial equipment, automotive, and industrial flooring. Properties of aliphatic amine curing agents such as high degree of chemical resistance, rapid room temperature cure, low color and viscosity, and high heat distortion temperatures for various end use applications, which include solvent-less coatings, chemical-resistant coatings, industrial flooring, adhesives, composites, tooling and casting. Cycloaliphatic amine curing agents have various benefits of chemical resistance, low viscosity and color films, high gloss and hence, finds wide use in coatings and flooring, chemical-resistant industrial formulations, and low temperature cure applications.
Companies are investing in R&D to innovate new products for wide range of applications. For instance, a part of investment of US$ 1.6 billion made by Dow chemical in R&D was used to enhance the epoxy technology and provide a wide range of high quality of epoxy curing agent products. Companies are launching low emission and waterborne curing agent products to meet the increasing demand for environmental friendly formulations. Companies such as Huntsman and Dow Chemicals are including environmentally responsible formulations of epoxy curing agent products.
Rapidly growing industries such as construction, automotive, composite manufacturing applications across the world, especially in Asia-Pacific region is the major driving factor for the global epoxy curing agents market. Technological advancements in the production and use of epoxy curing agents have resulted in the substantial market growth in North America. The key players are focusing on safe and economical production of epoxy curing agents in compliance to the regulations especially in the European region. Regulations imposed on the limited use of volatile organic solvents in Europe acts as a restraining factor for the growth of epoxy curing agents market in Europe.
Fragmented Market
The global epoxy curing agents market is highly fragmented due to the presence of many established and local players across the world. Major players involved in the market include Huntsman Corporation (U.S.), Evonik Industries (Germany), Dow Chemical Company (U.S.), BASF SE (Germany), Cargill, Inc. (U.S.), Cardolite Corporation (U.S.), Hexion, Inc. (U.S.), Air Products and Chemicals, Inc. (U.S.),Mitsubishi Chemical Corporation (Japan),Aditya Birla Chemicals (India).
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Carbon Fiber Reinforced Plastics (CFRP) Market- Industry Insights, Trends, Outlook, and Opportunity Analysis, Forecast 2024

CFRP Market Overview
Fiber reinforced composites have been used in various fields of engineering since a long time, albeit their use mainly limited to automotive, aerospace, and defense industries. Technological advancements have led to development of lightweight composites with high tensile strength. Carbon fiber reinforced plastic is made by blending carbon fiber into plastic in order to enhance its strength.The main element in manufacturing of CFRP is carbon filament produced from polymers such as polyacrylonitrile (PAN), rayon, and petroleum pitch. The carbon fiber is woven into resin, mostly epoxy resin. The resulting material exhibits extremely high strength, rigidity, low density, excellent damping properties, and high resistance to thermal expansion. CFRP also exhibits enhanced electrical and thermal conductivity as compared to glass fiber reinforced plastics (GRP). These key attributes of CFRP allow for its incorporation in a wide range of applications such as aerospace & defense, wind energy, automotive, sports equipment, construction equipment, pipe & tanks, marine, electrical, and electronics. CFRP are manufactured using methods such as molding, vacuum bagging, compression bolding, and filament winding.The U.S. Department of Energy (DOE), Office of Energy Efficiency, and Renewable Energy (EERE)recognize carbon fiber and carbon fiber reinforced polymers as clean energy technologies.Aerospace, defense, wind energy, and sports equipment together contribute to a major market share.
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Global Carbon Fiber Reinforced Plastics Market Taxonomy
The global CFRP market is classified on the basis of the following segments:
  • By raw material type
    • Polyacrylonitrile (Pan-Based) Carbon Fibers
      • Polyacrylonitrile (Pan-Based) Carbon Fibers, by Tow size
        • Small-Tow
        • Large-Tow
      • Pitch-Based Carbon Fiber
      • Rayon-Based Carbon Fiber
  • By resin type
    • Thermosetting CFRP
    • Thermoplastic CFRP
  • By manufacturing process
    • Lay Up Process
    • Compression Molding Process
    • Resin Transfer Molding Process
    • Filament Winding Process
    • Injection Molding Process
    • Pultrusion Process
    • Other Processes
  • By application
    • Aerospace & Defense
    • Wind Energy
    • Automotive
    • Sporting Goods
    • Civil Engineering
    • Pipe & Tank
    • Marine
    • Electrical & Electronics
    • Other Applications
Prevalent Scenario in Carbon Fiber Reinforced Plastics Market
Carbon Fiber Reinforced Plastics is extensively used in the aerospace industry for manufacturing the body of aircraft. Aircraft manufacturers such as Boeing and Airbus are making major investments in research and development of components for manufacturing aircrafts capable of withstanding high environmental stresses. These aerospace applications are subject to high standards, stringent compliances, and incur high licensing & inspection costs.Increasing regulations on vehicle emissions have forced the key automotive manufacturers such as Volkswagen, BMW, Ferrari, Audi, and many more to emphasize more on reducing the weight of automobiles. To curb weight of the vehicles, CFRP is being widely used as a polymer composite and it also results in improved fuel efficiency. Also, stringent regulations such as Corporate Average Fuel Economy (CAFÉ) standards in U.S. and carbon emission standards in Europe has led to increasing demand for lightweight composites for automotive manufacturers which in turn is significantly driving growth of the CFRP market. Growing awareness about renewable energy has led to increasing setting up of wind farms, which in turn fuels the demand for CFRP products.The thermosetting CFRP products consist of cross-linked polymers, which do not melt at high temperatures during the curing procedure. This ability has resulted into increasing applications of thermosetting CFRP and they contribute to a larger market share as compared to thermoplastic CFRP.
The CFRP products are highly expensive when compared to glass polymer and steel polymer products. Also, research and development of the CFRP products and its incorporation into wide range of applications incurs high costs. The manufacturing of CFRP products is highly dependent on the supply of large volumes of raw materials, which leads to limited production capacities. North America market contributes to larger market share as compared to Europe, due to rising research and development in aerospace and defense industries in the region. However, the presence of large number of major automobile manufacturers in Europe positions it as a high growth region in the global CFRP market.



Fragmented Market
The global Carbon Fiber Reinforced Plastics market is highly fragmented due to the presence of many established and emerging players in the CFRP market. Major players involved in the market include Toray Industries Inc. (Japan), Teijin Limited (Japan), Mitsubishi Rayon Co. Ltd. (Japan), SGL-Group (Germany), Formosa Plastics Corporation (Taiwan), and Hexcel Corporation (U.S.).



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High Performance Plastics Market- Trends, Outlook, and Opportunity Analysis, Forecast 2016-2024

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.
Check The Trending Report of High Performance Plastics Market: https://www.coherentmarketinsights.com/ongoing-insight/high-performance-plastics-market-266
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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