Heat Resistant Polymers Market by Type, End-Use Industry, & Region to 2021

The global heat resistant polymers market is anticipated to grow from USD 12.03 billion in 2016 to USD 16.67 billion by 2021, at a CAGR of 6.7% from 2016 to 2021. This growth can be attributed to the increasing demand for heat resistant polymers from industries such as electronics & electrical and transportation.

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Based on type, the heat resistant polymers market has been classified into fluoropolymers, polyimides, polyphenylene sulfide, PBI, PEEK, and others. Polyphenylene sulfide is the fastest-growing type segment of the heat resistant polymers market. The growth of this segment can be attributed to its extensive use in automotive applications. It is extensively used in automotive applications including fuel system components, wire coating, coolant systems, break systems, and various engine components.

Based on end-use industry, the heat resistant polymers market is segmented into electronics & electrical, transportation, and others. The transportation industry is the fastest-growing segment due to the increased use of heat resistant polymers in automotive components by major manufacturers to improve performance.

Apart from this, growth in the transportation industry due to increasing population and per capita income in emerging economies such as China and India is expected to further drive the heat resistant polymers market.

The heat resistant polymers market in Asia-Pacific is estimated to grow at the highest CAGR from 2016 to 2021. The growing demand for heat resistant polymers from both electronics & electrical and transportation industries is expected to drive the heat resistant polymers market due to high usage of polymers in these industries in the region.

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Arkema SA (France), E. I. du Pont de Nemours And Company (U.S.), Dongyue Group Ltd. (China), DIC Corporation (Japan), Honeywell International Inc. (U.S.), Parkway Products Inc. (U.S.), Schulman AG (U.S.), Caledonian Ferguson Timpson Ltd (Scotland), Panjin Zhongrun High Performance Polymers Co. Ltd (China), Quadrant EPP Surlon India Ltd (India), Tri-Mack Plastics Manufacturing Corp. (U.S.), Huntsman Corporation (U.S.), PolyOne Corporation (U.S.), BASF SE (Germany), Evonik Industries AG (Germany), Celanese Corporation (U.S.), Solvay S.A. (Belgium), Victrex PLC (U.K.), Saudi Arabia Basic Industries Corporation (SABIC) (Saudi Arabia), Covestro (Germany), The Dow Chemical Company (U.S.), Daikin Industries, Ltd. (Japan), Kuraray Co., Ltd. (Japan), RTP Company, Inc. (U.S.), and Ensinger GmbH (U.K.) are some of the leading players operating in this market.

Reference:

https://www.marketsandmarkets.com/Market-Reports/heat-resistant-polymer-market-237680204.html?utm_source=Blog%2FML

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