About High Performance Polymers
High-performance polymers are the group of polymers which are known for its mechanical, thermal and chemical properties even when put through the harsh environment like high temperature, high pressure, and corrosive chemicals. They are found at the top of the polymer pyramid classification representing about 700,000 tonnes (0.2%) of all man-made polymers. The production of high-performance polymers is much more complex, difficult and usually expensive, as a result of the difficulty in the production of polymers, the performance of the polymers increases. It is widely used in automotive and mechanical applications and many other industrial applications.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.0% |
The competitive landscape of the HPP market is expected to remain dynamic, with established players facing increasing competition from specialty producers and regional players. Companies that can innovate, optimize costs, and adapt to evolving trends and regulations are likely to succeed in this competitive space. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), DuPont de Nemours, Inc. (United States), Solvay Chemicals International SA (Belgium), Lanxess Aktiengesellschaft (Germany), Ensinger Sintimid GmbH (HP Polymer Inc.) (Austria), EMS-CHEMIE Holding AG (Switzerland), Mitsubishi Chemical Holdings Corporation (Japan), Evonik Industries AG (Germany), SABIC (Saudi Arabia), PBI Performance Products, Inc. (United States), Celanese Corporation (United States), Daikin Industries Ltd. (Japan) and Arkema S.A. (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are DIC Corporation (Japan), Kuraray Co., Ltd (Japan), RTP Company, Inc. (United States) and Unitika Ltd (Japan).
Segmentation Overview
AMA Research has segmented the market of Global High Performance Polymers market by Type (Fluoro Polymer, Phenolic Resins, Epoxy Resins, Liquid Crystal Polymers, Hetro Cyclic Polymers, Polyamides, Polyketones, Polysulfones and Others), Application (Mechanical Seals, Printing Inks, Medical Devices, Textile Material, Water Treatment, Food & Beverages and Others) and Region.
On the basis of geography, the market of High Performance Polymers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Aerospace Industry will boost the High Performance Polymers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Advent of High-Performance Polymers in Composite 3D Printing and Emerging Demand for Fluoropolymers in Aerospace Industry
Market Growth Drivers:
Growing Demand for High-Performance Polymers in Automotive Industry and Increasing Need for Greater Efficiency and Reliability for Many Industrial Applications
Challenges:
High maintenance Cost
Restraints:
High Cost Involved with Production of High-Performance Polymer and Adverse Impact of High-Performance Polymers on Environment
Opportunities:
Establishment of Research and Development and Production Facilities will Boost the High-Performance Polymer Market and Surging Demand from Electronic Industry for the Production of Smart Home Appliances
Market Leaders and their expansionary development strategies
In August 2023, Dow and DuPont merged their materials science businesses to create DowDuPont Materials Science. This combined entity is now one of the largest HPP manufacturers globally.
In September 2021, SABIC launched LNP XE5500 series, a new line of flame-retardant HPPs for electronic applications. This product offers improved fire safety performance for electronic devices.
Key Target Audience
High-Performance Polymers Manufacturers, High-Performance Polymers International Traders, High-Performance Polymers Distributors and Suppliers, Upstream and Downstream Buyers, Regulatory Bodies, Research and Development Institutes, Potential Investors, Industry Association and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.