High Performance Plastics Market Size And Forecast To 2029

High-Performance Plastics Market is projected to grow at a CAGR of 6.5% over the period, 2022-2029

High-Performance Plastics Market is projected to grow at a CAGR of 6.5% over the period, 2022-2029

The factors driving the growth of High-Performance Plastics Market includes rise in the production of exterior and interior components of automobiles and aircraft, increasing use of high-performance plastics across end-use industries such as construction, aerospace and defense and growing demand for semiconductors and LED displays, around the world. Moreover, technological advancements in high performing plastics, high thermal and chemical stability and enhanced mechanical properties of high performing plastics, government policies mandating the use of high-performance plastics and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

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However, growth of the High-Performance Plastics Market is hindered due to high price of raw materials.

Based on Type, the Polyphenylene sulphide (PPS, PSU, PES, PPSU) segment is predicted to grow at a robust CAGR during the forecast period

Increasing application of polymers in the manufacturing of sports equipment and consumer goods and electronics along with high elasticity and wrinkle-proof properties, are some of the factors propelling segment’s growth.

Based on End-Use, the Automotive (Interior Exterior) segment is projected to capture the largest market share over the forecast period

High performing plastics are light in weight, reduces fuel consumption and provides resistance from corrosion along with strict regulations imposed by governing bodies on fuel efficiency, are pushing segment’s growth.

Based on Region, the European region is anticipated to hold the highest market share during the forecast period

As per the High-Performance Plastics Market Analysis, favorable Government policies regarding the prodcution of automobiles, growing concerns related to greenhouse gas emissions and climate change, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in European region.

Market Segmentation

Segmentation by Type

  • Polyphenylene sulphide (PPS, PSU, PES, PPSU)
  • Polyketones (PEEK, PEK, PEKK, AKP)
  • Fluoropolymers (PTFE, PVDF, FEP, ECTFE, Fluoroleastomers)
  • Thermoplastics Polyimides (PI, PAI, PEI)
  • High Performance Polyamides (PPA, PA 9T)

Segmentation by End-Use

  • Automotive (Interior Exterior)
  • Aviation (Interior Exterior)
  • Railways
  • Marine

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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