Global High-performance Polymers Market 2017-2021
About High-performance Polymers
Polymers are broadly classified on their molecular arrangement as amorphous or crystalline. In an amorphous polymer, the molecules are arranged in a random fashion and in a crystalline polymer, the molecules are arranged in a specific order. On the basis of application, polymers are broadly categorized into commodity, engineering, high-performance, and ultra-polymers. Although high-performance polymers fall under the high-cost product, the functionalities and performance offered by them justify their cost.
Technavio’s analysts forecast the global high-performance polymers market to grow at a CAGR of 7.33% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global high-performance polymers market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global High-performance Polymers Market 2017-2021
Technavio recognizes the following companies as the key players in the global high-performance polymers market: Celanese Corporation, Daikin Industries, Evonik Industries, Solvay, and Sumitomo Chemical.
Other Prominent Vendors in the market are: Arkema, DIC Corporation, DuPont, Kuraray, RTP Company, Saudi Basic Industries Corporation (SABIC), and Unitika.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is high-performance polymers replacing metals in key applications. The use of high-performance polymers in the automotive, aerospace, electrical and electronics, and other energy industries offers significant design flexibility to manufacturers. This has not only aided weight reduction efforts but has also helped in improving the performance of the polymer.”
According to the report, one driver in the market is increasing demand from the electrical and electronics sector. High-performance polymers such as LCP, PPS (polyphenylene sulfide), PPA (polyphthalamide), PCT (polycyclohexylenedimethylene terephthalate), and nylon 46 are some of the prominently used polymers in the electrical and electronics sector. These polymers provide high-temperature resistance and can withstand the surface-mount technology (SMT) process. PPS and PCT are largely used for manufacturing connectors, electronic control modules, and sensors as they provide the halogen-free flame retardant feature.
Further, the report states that one challenge in the market is high cost associated with high-performance polymers. The demanding applications dictate the use of efficiently performing polymers such as high-performance polymers. High-performance polymers are approximately 10 times costlier than engineering and commodity thermoplastics. The high cost is one of the prime factors why high-performance polymers are seldom used in large volume-based applications. Thus, owing to the high cost of high-performance polymers, their consumption in terms of volume is relatively less across the world.
Celanese Corporation, Daikin Industries, Evonik Industries, Solvay, Sumitomo Chemical, Arkema, DIC Corporation, DuPont, Kuraray, RTP Company, Saudi Basic Industries Corporation (SABIC), and Unitika.