The High-Performance Plastic market size reached USD 22.84 Billion in 2021 and is expected to register a revenue CAGR of 8.96% during the forecast period to the latest analysis by Emergen Research. Increasing use of HPPS in the automotive sector and rising demand for fluoropolymers from multiple industries are major factors driving growth of the market. In addition, rising adoption of HPPS for production of bushings and bearings is an ongoing trend in the global market. Plastic bearings are becoming increasingly common as plastic technology advances as they are more adaptable, cost-effective, and corrosion-resistant.
Moreover, plastic bearings are comprised of thermoplastic alloy with a fiber matrix and solid lubricants, resulting in better strength and consistently low coefficient of friction. This is because they withstand wear, decrease maintenance expenses, can replace more expensive alternatives and high-performance plastic bearings, and lower total costs. Lubricants are integrated into small chambers of composite material, making these bearings self-lubricating, which avoids expenditure of extra lubricants as well as ongoing maintenance. Plastic bearings can be strengthened with carbon fiber or fiberglass and can withstand temperatures ranging from -40°F to 500°F., but on the other hand, their thinner walls are better at a dissipating heat. Furthermore, they are less likely to distort when subjected to greater loads. Plastic bearings are made to withstand daily washdowns and caustic chemicals, making them ideal for use in severe settings, while their self-lubricating properties prevent seal failure and contamination.
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Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global High Performance Plastic market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global High Performance Plastic market and pinpoint the fundamental growth trends.
Companies profiled in the global High Performance Plastic market:
Evonik Industries AG,
Victrex PLC,
Solvay S.A,
E.I Du Pont De Nemours and Company,
Daikin Industries. Ltd.,
BASF SE,
Ensinger,
Royal DSM,
Exxon Mobil, and
Celanese Corporation.
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Some Key Highlights From the Report
The fluoropolymers segment is expected to register a steady growth throughout the forecast period due to their multi-functional qualities such as chemical resistance, corrosion resistance, and conduction capabilities.
The transportation segment is expected to register a significant growth rate during the forecast period. Application of HPPS in the automotive sector is cost-effective and has resulted in improved fuel efficiency of vehicles.
The North America market is expected to register a considerable growth due to ongoing promotional campaigns and product launches in the region.
The report bifurcates the High Performance Plastic market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Emergen Research has segmented the high performance plastic market based on type, end-use and region:
Type Outlook (Revenue, USD Billion; 2019–2030)
Sulfone Polymers
Polyamides
Polyphenylene Sulfide
Fluoropolymers
Liquid Crystal Polymers
Others
End-Use Outlook (Revenue, USD Billion; 2019–2030)
Aerospace & Defense
Transportation
Electronics
Medical
Others
Global High Performance Plastic Market Geographical Landscape – Synopsis:
The report closely studies the growth trajectory of the global High Performance Plastic market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
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Research Report on the High Performance Plastic Market Addresses the Following Key Questions:
Who are the dominant players of the High Performance Plastic market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the High Performance Plastic market?
What are the key growth drivers and restraining factors of the High Performance Plastic market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the High Performance Plastic market and its key segments?
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