High Temperature Plastics Market - Forecast(2024 - 2030)
High Temperature Plastics Market Overview
The High-Temperature Plastic Market is expected to reach US$50.5 billion by 2026, growing at a CAGR of 5.5% during the forecast period of 2021-2026. Increasing demand for plastic materials in the automotive, electronics, and packaging industries is expected to be one of the key driving factors. Polyimides are high-performance plastics that exhibit high temperature and electrical resistance as well as high strength. They are widely used in automotive & transportation markets, consumer goods, and electrical and electronics applications. The high-temperature performance of polypropylene will drive the demand for high-temperature plastic. With the rising demand of packaging industry, the demand for fluoropolymers will expand. Fluoropolymers are a ubiquitous part of modern life used in everything from food packaging to the non-stick coatings on kitchen pans. Fluoropolymers have been able to satisfy many different industrial needs, making them a highly popular material.
COVID-19 Impact
COVID-19
Outbreak has made a significant impact on high temperature plastics market. The
world has seen the demand of high temperature plastic market being 40-50% lower
than usual. Products like hard PVC, polycarbonate and polypropylene plastic
materials has been affected the most. Starting 2020, Covid-19 has caused some
markets to go into a general shutdown. This has led to the closure of the large
factories used to produce barrels and other equipment, temporarily affecting
the capacity of many plastics companies. In addition, the continuous shutdown
of the world’s economy has resulted in a temporary loss of business for many
suppliers of plastic products, so many large plastic companies have gone out of
business temporarily. The low demand from end use industries during covid-19
lockdown has also impacted the global market for high temperature plastics.
Report Coverage
The report: “High Temperature Plastics Market –
Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the
following segments of the High Temperature Plastics Market.
By Product Type:
Polytetrafluoroethylene (PTFE), Perfluoro alkoxy Polymer (PFA),
Polyether ether ketone (PEEK), fluorinated
ethylene propylene (FEP), Polyethyleneimine (PEI),
polyethylene terephthalate (PET/PBT)
By Test
Method: VICAT
softening temperature (VST), and Deflection temperature under load (DTUL)
By Application: Cable
Couplings, Connectors, Wire Insulators, Belting, Filters, Meshes and others.
By End Use
Industry: Transportation (Automotive, Aerospace,
Marine, Railways), Energy, Medical, Industrial, Agriculture, Others.
By Geography: North
America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy,
Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China,
Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan,
Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile,
and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE,
Israel, Rest of middle east)], Africa (South Africa, Nigeria, Rest of Africa)
Key Takeaways
- The high temperature plastics are used for the production of dashboard and cabin air filters, which make up about 70% of the automotive parts market.
- The high temperature plastics market in India will grow at a CAGR of 6.2% during the forecast period. The growing sales of light weight and passenger cars in India is driving the market growth.
- The growing demand for high quality passenger cars in China is driving the manufacturers to adopt high temperature plastics in the production of cars.
Asia Pacific High Temperature Plastics Market Revenue, 2020-2026 (US$ Billion)
For More Details on This Report - Request for Sample
High Temperature Plastics Market – By Type
The polytetrafluoroethylene
segment accounted for the maximum share of 34%
in 2020 and is expected to grow significantly during the forecast period. The
favorable growth will be seen in high temperature plastics especially in the
industries like automobiles, aerospace and electrical and electronics and
demand for coating industry will open doors for the market. The major end-use industries such as automotive,
aerospace and electrical & electronics are using Polytetrafluoroethylene
for the production of various components.
High Temperature Plastic Market-By Application
High Temperature Plastics will be used as insulators to protect electrical and electronic equipment from heat and as a protective covering for electronic equipment to prevent malfunctions due to mechanical and thermal stress. The market for High Temperature Plastics will increase in line with the growth in electrical and electronic equipment usage globally. High Temperature Plastics are used to insulate equipment from heat and protect equipment from stresses due to heat.
High Temperature Plastic Market-By End Use Industry
The automotive segment accounted for 30%
in 2020 and is expected to grow significantly during the forecast period
2021-2026. The automotive sector is currently challenged by the global
slowdown and the implementation of stricter emission standards. However, the
global automotive market is expected to witness a significant growth in the
developed and developing markets. In the developed regions, Asia-Pacific
is expected to grow at the fastest pace between 2021 and 2026. The region is
expected to maintain this momentum into 2025, growing at a CAGR of 4% while
India and China are expected to continue to dominate the market. In addition,
China is the second largest automotive market in the world.
High Temperature Plastics Market-By Geography
The Asia Pacific region is expected to dominate the global high temperature plastic market and hold approximately 33% of market share during the forecast period. The growing usage demand for passenger vehicles in emerging economies such as India, China, Japan and South Korea are diving the market growth for high temperature plastics. The key factor in this segment is the shifting hub from Western region to the Asia-Pacific. Asian countries like Japan, South Korea, Taiwan will play a major role in the expansion and growth of the plastic market. Apart from this, we can also see the suitable growth in European region in the automotive and aerospace industry.
High Temperature Plastics Market: Drivers
Growing demand from the automotive sector
The automotive
sector is one of the most important end-use applications for high-temperature
plastics. The product is used in the automotive and transportation industry as
an insulator for passenger seats, instrument panels, car roofs, and exterior
cladding panels. The market for automotive applications is growing, and with
the implementation of improved performance and more stringent environmental
regulations, the market is expected to grow significantly in the future. The
number of vehicles sold in the Asia-Pacific region in 2020 reached 742 million
units compared to 591 million units in 2019. This growth is attributed to
rising incomes and large-scale development programs in China and India. The
automotive industry in the Middle East and Africa is expected to register a
CAGR of 6%.
High Temperature Plastic Market: Challenges
Brittle and Hard
The first
challenge for using high temperature plastic in medical applications is that plastics
are relatively brittle and hard. The medical devices often need to endure high
temperatures, but they are subject to numerous stresses from the environment,
such as abrasions, cut and forces. Moreover, high temperature plastic price
premium, which makes them too expensive for many healthcare applications. This
is one of the key challenges that can be faced for using high temperature
plastic in medical applications. High temperature plastics also
difficult to fabricate into complex shapes and are usually brittle and have low
flexibility, and thus are not suitable for applications where high flexibility
and strength are required.
High Temperature Plastics Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the GCC DEF (AdBlue) market. Major players in the High Temperature Plastics market include:
- BASF SE
- Celanese Corporation
- DIC Corporation
- Dongyue Group Ltd.
- E. I. DU Pont De Nemours & Company
- Evonik Industries AG
- Honeywell International Inc.
- SABIC
- Solvay S.A.
- Victrex PLC, and others.
Relevant Reports
High Temperature Thermoplastics Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026
Report Code: CMR 58101
Engineering Plastics Market - Forecast(2021 - 2026)
Report Code: CMR 0285
For more Chemicals and Materials Market reports, please click here
LIST OF TABLES
1.Global High Temperature Plastics Market By Type Market 2023-2030 ($M)1.1 Fluoropolymers Market 2023-2030 ($M) - Global Industry Research
1.2 Polyphenylene Sulphide Market 2023-2030 ($M) - Global Industry Research
1.3 Polyimides Market 2023-2030 ($M) - Global Industry Research
1.4 Polysulfones Market 2023-2030 ($M) - Global Industry Research
2.Global High Temperature Plastics Market By End-Use Industry Market 2023-2030 ($M)
2.1 Transportation Market 2023-2030 ($M) - Global Industry Research
2.2 Electrical & Electronics Market 2023-2030 ($M) - Global Industry Research
2.3 Industrial Market 2023-2030 ($M) - Global Industry Research
2.4 Medical Market 2023-2030 ($M) - Global Industry Research
3.Global High Temperature Plastics Market By Type Market 2023-2030 (Volume/Units)
3.1 Fluoropolymers Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Polyphenylene Sulphide Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Polyimides Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 Polysulfones Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global High Temperature Plastics Market By End-Use Industry Market 2023-2030 (Volume/Units)
4.1 Transportation Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Electrical & Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Industrial Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Medical Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America High Temperature Plastics Market By Type Market 2023-2030 ($M)
5.1 Fluoropolymers Market 2023-2030 ($M) - Regional Industry Research
5.2 Polyphenylene Sulphide Market 2023-2030 ($M) - Regional Industry Research
5.3 Polyimides Market 2023-2030 ($M) - Regional Industry Research
5.4 Polysulfones Market 2023-2030 ($M) - Regional Industry Research
6.North America High Temperature Plastics Market By End-Use Industry Market 2023-2030 ($M)
6.1 Transportation Market 2023-2030 ($M) - Regional Industry Research
6.2 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
6.3 Industrial Market 2023-2030 ($M) - Regional Industry Research
6.4 Medical Market 2023-2030 ($M) - Regional Industry Research
7.South America High Temperature Plastics Market By Type Market 2023-2030 ($M)
7.1 Fluoropolymers Market 2023-2030 ($M) - Regional Industry Research
7.2 Polyphenylene Sulphide Market 2023-2030 ($M) - Regional Industry Research
7.3 Polyimides Market 2023-2030 ($M) - Regional Industry Research
7.4 Polysulfones Market 2023-2030 ($M) - Regional Industry Research
8.South America High Temperature Plastics Market By End-Use Industry Market 2023-2030 ($M)
8.1 Transportation Market 2023-2030 ($M) - Regional Industry Research
8.2 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
8.3 Industrial Market 2023-2030 ($M) - Regional Industry Research
8.4 Medical Market 2023-2030 ($M) - Regional Industry Research
9.Europe High Temperature Plastics Market By Type Market 2023-2030 ($M)
9.1 Fluoropolymers Market 2023-2030 ($M) - Regional Industry Research
9.2 Polyphenylene Sulphide Market 2023-2030 ($M) - Regional Industry Research
9.3 Polyimides Market 2023-2030 ($M) - Regional Industry Research
9.4 Polysulfones Market 2023-2030 ($M) - Regional Industry Research
10.Europe High Temperature Plastics Market By End-Use Industry Market 2023-2030 ($M)
10.1 Transportation Market 2023-2030 ($M) - Regional Industry Research
10.2 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
10.3 Industrial Market 2023-2030 ($M) - Regional Industry Research
10.4 Medical Market 2023-2030 ($M) - Regional Industry Research
11.APAC High Temperature Plastics Market By Type Market 2023-2030 ($M)
11.1 Fluoropolymers Market 2023-2030 ($M) - Regional Industry Research
11.2 Polyphenylene Sulphide Market 2023-2030 ($M) - Regional Industry Research
11.3 Polyimides Market 2023-2030 ($M) - Regional Industry Research
11.4 Polysulfones Market 2023-2030 ($M) - Regional Industry Research
12.APAC High Temperature Plastics Market By End-Use Industry Market 2023-2030 ($M)
12.1 Transportation Market 2023-2030 ($M) - Regional Industry Research
12.2 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
12.3 Industrial Market 2023-2030 ($M) - Regional Industry Research
12.4 Medical Market 2023-2030 ($M) - Regional Industry Research
13.MENA High Temperature Plastics Market By Type Market 2023-2030 ($M)
13.1 Fluoropolymers Market 2023-2030 ($M) - Regional Industry Research
13.2 Polyphenylene Sulphide Market 2023-2030 ($M) - Regional Industry Research
13.3 Polyimides Market 2023-2030 ($M) - Regional Industry Research
13.4 Polysulfones Market 2023-2030 ($M) - Regional Industry Research
14.MENA High Temperature Plastics Market By End-Use Industry Market 2023-2030 ($M)
14.1 Transportation Market 2023-2030 ($M) - Regional Industry Research
14.2 Electrical & Electronics Market 2023-2030 ($M) - Regional Industry Research
14.3 Industrial Market 2023-2030 ($M) - Regional Industry Research
14.4 Medical Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US High Temperature Plastics Market Revenue, 2023-2030 ($M)2.Canada High Temperature Plastics Market Revenue, 2023-2030 ($M)
3.Mexico High Temperature Plastics Market Revenue, 2023-2030 ($M)
4.Brazil High Temperature Plastics Market Revenue, 2023-2030 ($M)
5.Argentina High Temperature Plastics Market Revenue, 2023-2030 ($M)
6.Peru High Temperature Plastics Market Revenue, 2023-2030 ($M)
7.Colombia High Temperature Plastics Market Revenue, 2023-2030 ($M)
8.Chile High Temperature Plastics Market Revenue, 2023-2030 ($M)
9.Rest of South America High Temperature Plastics Market Revenue, 2023-2030 ($M)
10.UK High Temperature Plastics Market Revenue, 2023-2030 ($M)
11.Germany High Temperature Plastics Market Revenue, 2023-2030 ($M)
12.France High Temperature Plastics Market Revenue, 2023-2030 ($M)
13.Italy High Temperature Plastics Market Revenue, 2023-2030 ($M)
14.Spain High Temperature Plastics Market Revenue, 2023-2030 ($M)
15.Rest of Europe High Temperature Plastics Market Revenue, 2023-2030 ($M)
16.China High Temperature Plastics Market Revenue, 2023-2030 ($M)
17.India High Temperature Plastics Market Revenue, 2023-2030 ($M)
18.Japan High Temperature Plastics Market Revenue, 2023-2030 ($M)
19.South Korea High Temperature Plastics Market Revenue, 2023-2030 ($M)
20.South Africa High Temperature Plastics Market Revenue, 2023-2030 ($M)
21.North America High Temperature Plastics By Application
22.South America High Temperature Plastics By Application
23.Europe High Temperature Plastics By Application
24.APAC High Temperature Plastics By Application
25.MENA High Temperature Plastics By Application
26.Solvay S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.E. I. DU Pont De Nemours & Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Sabic Innovative Plastics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Celanese Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Victrex PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.BASF Se, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Dongyue Group Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Dic Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Evonik Industries AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Honeywell International Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)