The "High Temperature Plastics Market - Industry Trends, Opportunities and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.

The global high temperature plastics market was valued at US$13.850 billion in 2017 and is projected to reach US$21.196 billion by 2023 exhibiting a CAGR of 7.35% during the forecast period.

The growth in aerospace and coating industry is driving the high temperature plastics market. The transportation industry is also expected to contribute significantly as there is a large demand for high-performance and lightweight materials to manufacture interior, exterior, and under-the-hood components. Another factor accelerating growth includes increasing R&D investment by major players to develop new applications and products in order to cater to a larger customer base.

However, the major restraining factor is the high cost of material. Asia Pacific is expected to dominate the market over the next six years. The major factor driving the growth in the APAC region is due to the shift of manufacturing hubs from western regions to the Asia-Pacific.

Segmentation

By Type

  • Fluoropolymers
  • Polyphenylene Sulphide
  • Polyimides
  • Polysulfones
  • Others

By End-Use Industry

  • Transportation
  • Electrical & Electronics
  • Industrial
  • Medical
  • Others

Companies Mentioned

  • Solvay
  • DowDuPont
  • SABIC Innovative Plastics
  • Celanese Corporation
  • Victrex
  • BASF
  • Dongyue Group
  • Dic Corporation
  • Evonik Industries

For more information about this report visit https://www.researchandmarkets.com/research/x4h7fs/2018_high?w=4