High Temperature Plastics (HTP) Market
High Temperature Plastics (HTP) Market By Product Type (Fluoropolymers, Polyamides, High-performance Polyamides, Polyketones, Polysulfones, Polyphenylene Sulfide, Liquid Crystal Polymers), By End Use, By Region – Global Forecast 2022 to 2032
Analysis of High Temperature Plastics (HTP) market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
High Temperature Plastics (HTP) Market Outlook (2022 to 2032)
The global high temperature plastics (HTP) market is poised to increase at a CAGR of 5.8% and reach a market size of US$ 28.51 billion by 2032, up from a market valuation of US$ 15.56 billion at the end of 2021.
Demand for fluoropolymers is projected to increase at a higher CAGR of 7.2% from 2022 to 2032. Increasing adoption of fluoropolymers for several industrial needs is set to drive HTP market growth over the decade.
| Report Attributes | Details |
|---|---|
| High Temperature Plastics (HTP) Market Size (2022) | US$ 16.22 Billion |
| Projected Market Value (2032) | US$ 28.51 Billion |
| Global Market Growth Rate (2022 to 2032) | 5.8% CAGR |
| APAC Market Share (2022) | 30.3% |
| Key Companies Profiled | Daicel Chemical Industries Ltd.; Solvay S.A; DuPont; Celanese Corporation; Victrex plc.; SABIC Innovative Plastics; Eastman Chemical Company; BASF SE; Arkema SA |
Overall, the replacement of traditional materials with high temperature plastics across industry verticals such as automotive and electrical & electronics will be the main factor driving market growth over the coming years.
The global market is led by North America and APAC, who together account for nearly two-thirds of the worldwide consumption of HTP.
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Demand Analysis of High Temperature Plastics (2017 to 2021) Vs Market Outlook (2022 to 2032)
From 2017 to 2021, the global high temperature plastics market expanded at a CAGR of 4.6%.
High temperature plastics are defined as a type of plastic that can withstand a service temperature of more than 150°C. These materials are in high demand because they are more stable & durable and have superior mechanical qualities, despite being exposed to a wide range of temperatures.
Abrasion and toughness, wear and UV resistance, chemical resistance, and fire resistance are all important characteristics of high temperature plastics.
In the production of coatings, injection-molded parts, and sheets, polytetrafluorethylene, polyamides, polyphenylene sulfide (PPS) and LCPs are often used polymers. They are also utilized in insulation, connections, PCBs, relays, bobbins, switches, and sockets, among other things.
The HTP market is expected to be driven by rising demand for aerospace plastics that can endure high temperatures. HTPs are also used to replace metal pieces in industrial machinery that are too heavy to transport.
Furthermore, the construction industry's increasing demand for lightweight materials with great mechanical strength is expected to drive the consumption of HTP across the world.
Worldwide high-temperature plastic demand is projected to rise at a CAGR of 5.8% from 2022 to 2032.
What is Supporting High Temperature Plastic Sales Growth?
“Replacement of Conventional Materials with High Temperature Plastic Materials on the Rise”
Rise in the substitution of traditional materials and growing demand from the aerospace and automotive sectors are projected to drive HTP market growth over the coming years. Moreover, improved economic circumstances are expected to boost the sales of high temperature plastics for a wide range of end uses over the forecast period.
The market for high temperature plastics is expected to be supported by the particular properties of these materials. Furthermore, increased demand in developing countries will create further prospects for the high temperature plastics market to grow over the coming years.
One of the most important end-use industries for high temperature plastics is the automotive sector. High temperature coatings are used as an insulator for seat backs, instrument panels, automobile roofs, and exterior wall panels in the automotive and transportation industries. The market for automotive applications is expanding, and with greater HTP performance, it is projected to expand faster over the coming years.
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What Roadblocks Do High Temperature Plastic Manufacturers Encounter?
“Rising Cost of High Temperature-Resistant Plastics across the World”
Polymers such as polyketones, polyphenylene sulphides, and liquid crystal polymers are used to make high temperature plastics. Prices of these polymers are fluctuating, resulting in a significant increase in the cost of the final product. Manufacturing high temperature plastics can be difficult, which could stymie industry growth. This is projected to stifle high temperature plastic sheet sales.
The first issue with using high temperature elastomers in medical applications is that polymers are brittle and difficult to work with. Medical devices are frequently exposed to high temperatures, but they are also subjected to a variety of environmental stresses such as abrasions, cuts, and pressures.
Machinable high temperature plastics are more expensive, making them unsuitable for many healthcare uses. This is one of the most significant obstacles to overcome when employing high temperature plastics in medical applications. High temperature plastics are also difficult to form into complicated shapes and are typically brittle and stiff, making them unsuitable for applications requiring high flexibility and strength.
Why Does North America Account for the Highest Consumption of High Temperature Plastics?
“Rise in Government Spending in Aerospace Sector Driving HTP Consumption in North America”
North America accounts for 34.3% share of the global high temperature plastics market. Increased government spending in the aerospace sector for the advancement of novel materials is expected to drive the growth of the high temperature plastics market.
Prominent presence of high temperature plastic manufacturers, growing machinable high temperature plastics demand, and rising preference for high temperature plastic injection molding services are expected to boost the high temperature plastic sheet sales over the coming years.
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Country-wise Insights
What is the Growth Outlook for the U.S HTP Market?
“Increasing Usage of High Temperature Plastics for 3D Printing”
The U.S. high temperature plastics market is expected to rise at a CAGR of 6.3% from 2022 to 2032. In the transportation industry, high temperature plastics are utilized to make numerous interior, exterior, and under-the-hood components.
Growing usage of 3D printing plastics, rapid deployment of high temperature plastics in medical applications, and rising sales of high temperature plastic packaging products are driving the market growth in the U.S.
Will China Emerge as an Attractive Market for HTP Suppliers?
“Rising Developments in Electrical & Electronics Sector to Fuel China HTP Market Value”
The market for HTP in China is anticipated to increase at a CAGR of 5.8% over the forecast period, attributed to the growing demand for passenger vehicles.
Growing developments in the electrical and electronics sector, rising opportunities in the domestic sector, increasing usage of high temperature plastic sheets, pipes, tubing, paints, bags, and tanks, and rising sales of high temperature plastic bags are driving the market expansion in China.
Category-wise Insights
Which High Temperature Plastic Type is Most Popularly Used?
“Fluoropolymers Maintaining Lead Owing to Superior Mechanical Qualities”
Based on product type, the high temperature plastics market is segmented into fluoropolymers, polyamides, high-performance polyamides, polyketones, polysulfones, polyphenylene sulfide, and liquid crystal polymers.
Fluoropolymers account for 31.5% of the global high temperature plastics market. A fluoropolymer is a chemical compound that carries carbon fluoride linkages. Chemical stability, mechanical and electrical insulation, heat resistance, stress cracking, and other qualities are among them.
Fluoropolymers, from coatings to industrial films, benefit from these qualities in a variety of applications. They are also used in the home, construction, and electrical and electronics. Because of their superior mechanical qualities and chemical & thermal resistance, fluoropolymers are utilised in bearing separators, gaskets, power steering, and many other automotive components.
Fluoropolymers are in high demand in the chemical sector for a variety of applications such as pumps, heat exchanger coatings, and autoclaves. This is owing to fluoropolymers' superior structural features, which include non-adhesive, low collision, non-stick, high dielectric, and chemical resistance.
Which HTP End Use Accounts for Highest Market Revenue?
“Rising Adoption of High Temperature Plastics in Electrical/Electronics Industries for Heat Prevention”
The electrical/electronics segment accounts for 33.8% share of the global HTP market and remains dominant over the other end-use segments such as automobiles, chemical/industrial, aerospace, medical, and other end uses.
High temperature plastics will be employed as heat insulators and as protective covers for electronic equipment to prevent problems caused by mechanical and thermal stress.
The heat-resistant plastics market will develop in line with the growth in the use of electrical and electronic equipment. High temperature plastics are used to protect equipment from heat and insulate it from heat-related pressures.
Competitive Landscape
High temperature plastic manufacturers are focusing their efforts on growing their businesses in new areas. While attempting to expand their customer base, market players are focusing their resources and investments on profitable end uses.
Key companies are also making plans to expand their product lines and portfolios through investments and mergers and acquisitions.
For instance :
- In 2019, SABIC industries introduced Xenoy HTX, a breakthrough high heat resin series for lightweight electrification advancements in automobile systems.
Key Segments Covered in High Temperature Plastics Industry Research
-
By Product Type :
- Fluoropolymers
- Polyamides
- High-performance Polyamides
- Polyketones
- Polysulfones
- Polyphenylene Sulfide
- Liquid Crystal Polymers
-
By End Use :
- Electrical/Electronics
- Automobiles
- Chemical/Industrial
- Aerospace
- Medical
- Other End Uses
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Type
- 9.1. Fluoropolymers
- 9.2. Polyamides
- 9.3. High-performance Polyamides
- 9.4. Polyketones
- 9.5. Polysulfones
- 9.6. Polyphenylene Sulfide
- 9.7. Liquid Crystal Polymers
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use
- 10.1. Electrical/Electronics
- 10.2. Automobiles
- 10.3. Chemicals/Industrial
- 10.4. Aerospace
- 10.5. Medical
- 10.6. Other End Uses
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Daicel Chemical Industries Ltd.
- 21.2. Solvay S.A
- 21.3. DuPont
- 21.4. Celanese Corporation
- 21.5. Victrex plc.
- 21.6. SABIC Innovative Plastics
- 21.7. Eastman Chemical Company
- 21.8. BASF SE
- 21.9. Arkema SA
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Product Type, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Product Type, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By End Use, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By End Use, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Product Type, 2022 (E)
Figure 18: North America Market Value Share, By End Use, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Product Type, 2022 (E)
Figure 26: Latin America Market Value Share, By End Use, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Product Type, 2022 (E)
Figure 34: Europe Market Value Share, By End Use, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Product Type, 2022 (E)
Figure 42: South Asia Market Value Share, By End Use, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Product Type, 2022 (E)
Figure 50: East Asia Market Value Share, By End Use, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Product Type, 2022 (E)
Figure 58: Oceania Market Value Share, By End Use, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Product Type, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By End Use, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Product Type, 2022 (E)
Figure 75: U. S. Market Value Share, By End Use, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Product Type, 2022 (E)
Figure 78: Canada Market Value Share, By End Use, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Product Type, 2022 (E)
Figure 81: Mexico Market Value Share, By End Use, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Product Type, 2022 (E)
Figure 84: Brazil Market Value Share, By End Use, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Product Type, 2022 (E)
Figure 87: U. K. Market Value Share, By End Use, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Product Type, 2022 (E)
Figure 90: Germany Market Value Share, By End Use, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Product Type, 2022 (E)
Figure 93: France Market Value Share, By End Use, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Product Type, 2022 (E)
Figure 96: Italy Market Value Share, By End Use, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Product Type, 2022 (E)
Figure 99: Spain Market Value Share, By End Use, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Product Type, 2022 (E)
Figure 102: Russia Market Value Share, By End Use, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Product Type, 2022 (E)
Figure 105: China Market Value Share, By End Use, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Product Type, 2022 (E)
Figure 108: Japan Market Value Share, By End Use, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Product Type, 2022 (E)
Figure 111: South Korea Market Value Share, By End Use, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Product Type, 2022 (E)
Figure 114: India Market Value Share, By End Use, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Product Type, 2022 (E)
Figure 117: ASEAN Market Value Share, By End Use, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Product Type, 2022 (E)
Figure 120: Australia Market Value Share, By End Use, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Product Type, 2022 (E)
Figure 123: New Zealand Market Value Share, By End Use, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Product Type, 2022 (E)
Figure 126: GCC Countries Market Value Share, By End Use, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Product Type, 2022 (E)
Figure 129: Turkey Market Value Share, By End Use, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Product Type, 2022 (E)
Figure 132: South Africa Market Value Share, By End Use, 2022 (E)
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the global HTP market size?
The global HTP market is estimated at US$ 16.22 billion in 2022.
At what CAGR is the HTP market expected to progress?
The worldwide HTP market is anticipated to increase at a CAGR of 5.8% over the forecast period of 2022 to 2032.
Which are the top 5 countries driving high demand for high temperature plastics?
The U.S., Germany, Mexico, China, and Brazil are expected to drive the most demand for high temperature plastics.
Which end use of high temperature plastics accounts for the highest sales?
The electrical/electronics sector accounts for 33.8% share of the global high temperature plastics market.
Which are the top companies manufacturing high temperature plastics?
Daicel Chemical Industries Ltd., Solvay S.A, DuPont, Celanese Corporation, and Victrex plc. are the top companies in the high temperature plastics market.
Which latest market trends are driving HTP sales?
Rising demand in the automotive & aerospace industry, replacement of conventional materials, and improved economic conditions are the latest trends driving HTP market growth.
High Temperature Plastics (HTP) Market