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High-Performance Polymers Market Size is valued at USD 23.24 billion in 2023 and is predicted to reach USD 38.14 billion by the year 2031 at a 6.56% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
High-performance polymers are a group of materials known for their exceptional mechanical, thermal, chemical, and electrical properties. Polymers are manufactured to exacting standards across a range of sectors, with the aim of outperforming generic commodity plastics in a number of targeted contexts. The high-performance polymers market is likely to be driven by the rising demand for lightweight polymers in sectors such as the automotive and aerospace industries to boost efficiency and decrease emissions.
High-performance polymers are the increasing popularity of electric vehicles, which is being encouraged by governments worldwide. Furthermore, high-performance polymers are in high demand in the medical industry because of their biocompatibility, stabilizability, and resistance to chemicals and biological fluids. Market growth opportunities for high-performance polymers generated from renewable and natural sources have increased as society shifts toward more eco-friendly and sustainable materials. The market is expected to increase throughout the forecast period because of factors such as technological innovation, urbanization, industrialization, infrastructure development, and rising per capita income.
However, the High-performance polymers market expansion is hampered by the high price of high-performance polymers compared to regular polymers and other materials like metals. COVID-19 has severely disrupted the profit margins of plastic manufacturers because of its effects on the distribution of both raw materials and final products. Once the crisis was under control, however, the government relaxed regulations to help nations advance up the economic value chain by encouraging local and small-scale enterprises to resume manufacturing. Plastic manufacturers have increased output in response to rising consumer demand. Manufacturers have begun their efforts by first taking the recommended safety precautions.
The high-performance polymers market is segmented based on type and end-user industry. Based on type, the market is segmented into fluoropolymers, polyphthalamide (PPA), polyphenylene sulphide (PPS), sulfone polymers (SP), polyamide (PA), polyketones, polyimides, liquid crystal polymers (LCP), and others. By end-user industry, the market is segmented into automobile, aerospace defense, electrical and electronics, industrial, medical, and others.
The fluoropolymers high-performance polymers category is expected to hold a significant global market share in 2022. Fluoropolymers are in high demand because of their exceptional performance. Their widespread application in fields as diverse as transportation and healthcare has contributed to the market's expansion. Fluoropolymers are the most practical non-reactive material now available and exhibit exceptional chemical properties. The most well-known types of fluoropolymers are polyvinylidene fluoride and polyvinyl fluoride. Many useful industrial products can be made with the help of fluoropolymers. Because of its high melting point, long lifespan, and resistance to chemicals, PTFE finds widespread application in cookware and non-stick coating.
The automobile segment is projected to grow rapidly in the global high-performance polymers market. The rising trend of adopting lightweight materials to improve vehicle performance is anticipated to increase sales of high-performance polymers for the automotive industry. Great-performance polymers are in great demand because of their widespread application across diverse vehicle subsystems, including structural components, frameworks, interiors, and exteriors, especially in countries like the US, Germany, the UK, China, and India.
The North American high-performance polymers market is expected to report the most increased market share in revenue in the near future. It can be attributed to the fact that the automobile sector primarily drives the demand for high-performance polymers. Environmental worries and sustainable development programs are being addressed alongside a burgeoning research and development sector in polymer science and technology. In addition, Asia Pacific is projected to overgrow in the global high-performance polymers market because High-performance polymers are becoming increasingly important as their end-use applications spread throughout the automotive, air travel, and medical sectors, not to mention the rapidly growing electrical and electronics sectors, which in turn fuels the high-performance polymers industry in this region.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 23.24 Bn |
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Revenue Forecast In 2031 |
USD 38.14 Bn |
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Growth Rate CAGR |
CAGR of 6.56% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn, Volume (Tons) and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Imaging Modality, By Application, By End-Use |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia |
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Competitive Landscape |
DuPont, 3M, Solvay, BASF SE, Celanese Corporation, DAIKIN INDUSTRIES, Ltd., Resirene, MC Polymers, Celanese, Arkema, Chevron Phillips, Victrex, Sabic Global Technologies, Arkema, I. Dupont De Nemours and Company, Evonik Industries AG, Saudi Basic Industries Corporation (SABIC), Solvay S.A., and Sumitomo Chemical Co., Ltd. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global High-Performance Polymers Market Snapshot
Chapter 4. Global High-Performance Polymers Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis
5.1. By Type, & Market Share, 2019 & 2031
5.2. Market Size (Value US$ Mn & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Type:
5.2.1. Fluoropolymers,
5.2.2. Polyphthalamide (PPA),
5.2.3. Polyphenylene Sulphide (PPS),
5.2.4. Sulfone Polymers (SP),
5.2.5. Polyamide (PA),
5.2.6. Polyketones,
5.2.7. Polyimides,
5.2.8. Liquid Crystal Polymers (LCP),
5.2.9. Others
Chapter 6. Market Segmentation 2: By End-user Industry Estimates & Trend Analysis
6.1. By End-user Industry & Market Share, 2019 & 2031
6.2. Market Size (Value US$ Mn & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following By End-user Industry:
6.2.1. Automobile,
6.2.2. Aerospace & Defense,
6.2.3. Electrical & Electronics,
6.2.4. Industrial,
6.2.5. Medical,
6.2.6. Others
Chapter 7. High-Performance Polymers Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) estimates and forecasts By Type, 2019-2031
7.1.2. North America High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) estimates and forecasts By End-user Industry, 2019-2031
7.1.3. North America High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) estimates and forecasts by country, 2019-2031
7.2. Europe
7.2.1. Europe High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) By Type, 2019-2031
7.2.2. Europe High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) By End-user Industry, 2019-2031
7.2.3. Europe High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) by country, 2019-2031
7.3. Asia Pacific
7.3.1. Asia Pacific High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) By Type, 2019-2031
7.3.2. Asia Pacific High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) By End-user Industry, 2019-2031
7.3.3. Asia Pacific High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) by country, 2019-2031
7.4. Latin America
7.4.1. Latin America High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) By Type, (US$ Million) 2019-2031
7.4.2. Latin America High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) By End-user Industry, (US$ Million) 2019-2031
7.4.3. Latin America High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) by country, 2019-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) By Type, (US$ Million) 2019-2031
7.5.2. Middle East & Africa High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) By End-user Industry, (US$ Million) 2019-2031
7.5.3. Middle East & Africa High-Performance Polymers Market revenue (US$ Million) & Volume (Tons) by country, 2019-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. DuPont
8.2.2. 3M
8.2.3. Solvay
8.2.4. BASF SE
8.2.5. Celanese Corporation
8.2.6. DAIKIN INDUSTRIES, Ltd.
8.2.7. Resirene
8.2.8. MC Polymers
8.2.9. Celanese
8.2.10. Arkema
8.2.11. Chevron Phillips
8.2.12. Victrex
8.2.13. Sabic Global technologies
8.2.14. Arkema
8.2.15. I. Dupont De Nemours and Company
8.2.16. Evonik Industries AG
8.2.17. Saudi Basic Industries Corporation (SABIC)
8.2.18. Solvay S.A.
8.2.19. Sumitomo Chemical Co., Ltd.
High-Performance Polymers Market By Type -
High-Performance Polymers Market By End-user Industry -
High-Performance Polymers Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
