High-temperature Thermoplastic Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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High-temperature Thermoplastic Market Analysis
The high-temperature thermoplastic market is expected to register a CAGR of over 8% during the forecast period. One of the main factors driving the market is the increasing demand for the high-temperature thermoplastic market from the automotive industry, across major economies. However, the high production and manufacturing cost of the high-temperature thermoplastic market is likely to hinder the growth of the market studied.
- By end-user industry, the automotive industry is expected to dominate the market over the forecast period.
- The growing demand for the high-temperature thermoplastic market in the medical industry is likely to act as an opportunity for the market studied in the coming years.
- Asia-Pacific region is expected to dominate the market with the most substantial consumption from countries, such as China, India, and Japan.
High-temperature Thermoplastic Market Trends
This section covers the major market trends shaping the High-temperature Thermoplastic Market according to our research experts:
Increasing High-temperature Thermoplastic in Automotive Industry
- High-temperature thermoplastics are plastics that retain their physical properties at higher temperatures and exhibit thermal stability even in the longer run. Additionally, they have higher heat deflection temperatures and glass transition temperatures.
- High-temperature thermoplastics are used to manufacture demanding applications in the automotive industry due to its valued properties such as high heat resistance, dimensional stability, strength, and resistance to a range of chemicals. Additionally, these properties have led to the replacement of traditional materials such as metal and thermosets.
- Automotive is the largest market sector for high-temperature thermoplastics such as PPS, PEI, and PEEK.
- The automotive sector is one of the largest markets for composite materials, and the industry is continuously looking for innovative materials such as high-temperature thermoplastic to reduce vehicle weight and achieve fuel efficiency and carbon emission targets.
- Hence, owing to the factors mentioned above, the application of high-temperature thermoplastic in the automotive industry is likely to dominate during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market during the forecast period. The rising demand for high-temperature thermoplastic with growing automotive and medical industry in countries like China and India is expected to drive the demand for high-temperature thermoplastic in this region.
- The largest producers of high-temperature thermoplastic are based in the Asia-Pacific region. Some of the leading companies in the production of high-temperature coatings are BASF Corporation, Arkema, Celanese Corporation, SABIC, and Toray Advanced Composites, among others.
- According to Economic Times projection, the Asian healthcare market grew by almost USD 200 billion between 2016 and 2020, to a total value of USD 2,660 billion, and it is expected to continue growing in the coming years.
- The market for high-temperature thermoplastic in the Asia-Pacific region is projected to grow significantly during the forecast period owing to the factors mentioned above.
High-temperature Thermoplastic Industry Overview
The high-temperature thermoplastic is partially fragmented in nature, with only a few major players dominating the market. Some of the major companies are BASF Corporation, Arkema, Celanese Corporation, DuPont, and Evonik Industries, among others.
High-temperature Thermoplastic Market Leaders
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Arkema
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Celanese Corporation
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DuPont
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Evonik Industries
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BASF SE
*Disclaimer: Major Players sorted in no particular order
High-temperature Thermoplastic Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Demand for High-temperature Thermoplastics in the Automotive Industry.
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 High Manufacturing and Production Cost of High-temperature Thermoplastic
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Polyetheretherketone (PEEK)
- 5.1.2 Polyether Ketones (PEK)
- 5.1.3 Polyphenylene Sulfide (PPS)
- 5.1.4 Polyetherimide
- 5.1.5 Polyethersulfone
- 5.1.6 Polysulfone (PSU)
- 5.1.7 Other Types
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5.2 Molecular Structure
- 5.2.1 Amorphous
- 5.2.2 Semi-crystalline
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5.3 End-User Industry
- 5.3.1 Automotive
- 5.3.2 Electrical and Electronics
- 5.3.3 Aerospace
- 5.3.4 Medical
- 5.3.5 Other End-user Industries
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 BASF Corporation
- 6.4.2 Arkema
- 6.4.3 Evonik Industries
- 6.4.4 DuPont
- 6.4.5 Celanese Corporation
- 6.4.6 Solvay
- 6.4.7 SABIC
- 6.4.8 Toray Advanced Composites
- 6.4.9 Royal DSM
- 6.4.10 Victrex
- 6.4.11 AKRO-PLASTIC GmbH
- 6.4.12 Drake Plastics
- 6.4.13 Quadrant Plastics
- 6.4.14 GSF Plastics
- 6.4.15 Sumitomo Chemicals Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Demand of High Temperature Thermoplastics in Medical Industry
- 7.2 Other Opportunities
High-temperature Thermoplastic Industry Segmentation
The high-temperature thermoplastic report includes:
| Type | Polyetheretherketone (PEEK) | |
| Polyether Ketones (PEK) | ||
| Polyphenylene Sulfide (PPS) | ||
| Polyetherimide | ||
| Polyethersulfone | ||
| Polysulfone (PSU) | ||
| Other Types | ||
| Molecular Structure | Amorphous | |
| Semi-crystalline | ||
| End-User Industry | Automotive | |
| Electrical and Electronics | ||
| Aerospace | ||
| Medical | ||
| Other End-user Industries | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
High-temperature Thermoplastic Market Research FAQs
What is the current High-temperature Thermoplastic Market size?
The High-temperature Thermoplastic Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in High-temperature Thermoplastic Market?
Arkema, Celanese Corporation , DuPont, Evonik Industries and BASF SE are the major companies operating in the High-temperature Thermoplastic Market.
Which is the fastest growing region in High-temperature Thermoplastic Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in High-temperature Thermoplastic Market?
In 2024, the Asia Pacific accounts for the largest market share in High-temperature Thermoplastic Market.
What years does this High-temperature Thermoplastic Market cover?
The report covers the High-temperature Thermoplastic Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High-temperature Thermoplastic Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
High-temperature Thermoplastic Industry Report
Statistics for the 2024 High-temperature Thermoplastic market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. High-temperature Thermoplastic analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
