Increasing demand for heat resistant polymer form the automotive, construction, and aerospace products manufacturing industries is major factor expected to drive growth of the global heat resistant polymer market over the forecast period.
The global heat resistant polymer market report has been segmented on the basis of type, application, and region.
On the basis of type, the global heat resistant polymer market has been segmented into fluoropolymers, polyimides, polyphenylene sulfide, polybenzimidazole (PBI), and polyether ether ketone (PEEK). The polyphenylene segment is expected to account for major share in terms of revenue in the global heat resistant polymer market. Polyphenylene sulfide offers properties such as resilience to mildew, alkalis, bleaches, sunlight, aging, and abrasion which is required for manufacturing the aerospace equipment. The polyphenylene segment revenue is also anticipated to register highest CAGR over the forecast.
On the basis of application, the global heat resistant polymer market has been segmented into electronics & electrical, transportation, and others (aerospace, marine, and construction). The transportation segment is expected to account for significant share in the global heat resistant polymer market in terms of revenue. Heat resistant polymer are increasing used in vehicles manufacturing to make vehicles more compact, light, and fuel efficient by replacing metallic parts with these plastics material.
On the basis of region, the global heat resistant polymer market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Asia Pacific market is estimated to dominate with significant revenue share in the global heat resistant polymer market in 2017. Asia Pacific market is anticipated to register highest CAGR in terms of revenue in next ten years, owing to increasing demand from automobile, electronics, and construction industries in countries in this region.
Key players operating in the global market include Arkema SA, BASF SE, Daikin Industries, Ltd., Evonik Industries AG, Solvay SA, Celanese Corporation, E. I. du Pont de Nemours and Company, Kuraray Co., Ltd., Saudi Basic Industries Corporation, and Victrex plc.