New York, NY, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Heat Resistant Polymers Market by Type (Polyimides, Polyphenylene Sulfide, Fluoropolymers, Polyether Ether Ketone (PEEK), Polybenzimidazole (PBI), and Others) and by End-Use Industry (Electronics & Electrical, Transportation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global heat resistant polymers market was valued at USD 13.75 billion in 2018 and is expected to reach around USD 21.51 billion by 2025, at a CAGR of 6.6% between 2019 and 2025.
Heat resistant polymers help in preventing degradation at extreme temperatures. These polymers are used in the construction of small, airplane cabins, enclosed spaces, such as boats and skyscrapers. Heat resistant polymers are also used in manufacturing military materials, such as canvas tenting, aerospace materials, and as adhesives in insulation for electronics.
Browse through 71 Tables & 37 Figures spread over 110 Pages and in-depth TOC on “Global Heat Resistant Polymers Market: By Type, Size, Industry Share, Growth, Demand, Analysis and Forecast 2018—2025”.
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The global heat resistant polymers market is likely to grow rapidly in the years ahead, owing to the growing investments made in the electronics, aerospace, and automotive sectors. Rapid industrialization in developing countries, such as Mexico, Brazil, China, India, and Indonesia, is propelling the automotive industry. This, in turn, is expected to drive the heat resistant polymers market growth globally in the future. Heat resistant polymers are widely used in fuel systems and coolant systems. Thus, the thriving industries globally are extensively using heat resistant polymers in various applications, which, in turn, is anticipated to drive the heat resistant polymers market over the estimated timeframe. However, the high processing cost of heat resistant polymers might obstruct the heat resistant polymers market growth over the forecast time period.
The global heat resistant polymers market is segmented on the basis of type and end-user industry. By type, the global heat resistant polymers market includes polyimides, polyphenylene sulfide, fluoropolymers, polyether ether ketone (PEEK), polybenzimidazole (PBI), and others. Fluoropolymers-based heat resistant polymers held 49% of the share of the global heat resistant polymers market in 2016 and are projected to dominate the heat resistant polymers market in the future. This can be attributed to their versatility like high chemical resistance, high dimensional stability, resistance to bases, acids, and solvents, etc. By end-user industry, this global market includes electronics and electrical, transportation, and others. The transportation segment is expected to dominate the market globally, owing to the growing automotive industry across the globe.
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In 2017, the Asia Pacific region dominated the heat resistant polymers and is expected to continue its dominance over the forecast time period as well. Growing application of heat resistant polymers in the automotive industry in emerging countries, such as China and India, is anticipated to drive the region’s heat resistant polymers market. The presence of top automotive manufacturers in the region is likely to further fuel this regional market in the upcoming years. Furthermore, the technological advancements in the aerospace and automotive sectors are also expected to boost the Asia Pacific heat resistant polymers market progress in the future.
The North American heat resistant polymers market is estimated to grow at the highest rate in the upcoming years. At the country level, the U.S. dominated the heat resistant polymers market, owing to the rising polymer demand by the automotive sector and the rising use of various electronic components, such as digital semiconductors and microchips.
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The European heat resistant polymers market is expected to grow substantially in the future. France, Italy, and the UK are major contributors to this regional heat resistant polymers market. This growth can be attributed to the increased investment in the defense and aerospace sector in these countries. The presence of major aircraft manufacturers, such as Airbus and Boeing, which widely use temperature resistant polymers in the building of complex and lightweight components of aircraft, is expected to further drive the heat resistant polymers market in the future.
Rapid industrialization and urbanization are driving the automotive industry in the Latin American region. The increasing application of heat resistant polymers by the automotive industry in the production of automotive components is expected to propel the region’s heat resistant polymers market in the years ahead. Moreover, the rising demand for various electronic products is projected to increase the use of heat resistant polymers by the electronics industry, which, in turn, is likely to further fuel the heat resistant polymers market over the forecast time period.
Browse the full “Heat Resistant Polymers Market by Type (Polyimides, Polyphenylene Sulfide, Fluoropolymers, Polyether Ether Ketone (PEEK), Polybenzimidazole (PBI), and Others) and by End-Use Industry (Electronics & Electrical, Transportation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/heat-resistant-polymers-market
The Middle Eastern and African heat resistant polymers market is predicted to record significant growth in the future due to the increasing use of heat resistant polymers as adhesives by several industries and the growing application of heat resistant polymers in the automotive industry.
Some key players of the global heat resistant polymers market are SABIC, Arkema SA, Caledonian Ferguson Timpson Ltd., Ensinger GmbH, DIC Corporation, RTP Company, Inc., Schulman AG, Parkway Products Inc., Daikin Industries, Ltd., Dongyue Group Ltd., Kuraray Co., Ltd., Honeywell International Inc., and Du Pont, among others.
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This report segments the global heat resistant polymers market into:
Global Heat Resistant Polymers Market: Type Analysis
- Fluoropolymers
- Polyimides
- Polyphenylene Sulfide
- Polybenzimidazole (PBI)
- Polyether Ether Ketone (PEEK)
- Others
Global Heat Resistant Polymers Market: End-Use Industry Analysis
- Electronics and Electrical
- Transportation
- Others
Global Heat Resistant Polymers Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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