Heat resistant polymer consist of an ability to retain their useful properties at high temperature. These polymers can be bifurcated into polyphenylene sulfide, fluoropolymer, polyimides, polybenzimidazole, polyether ether ketone fluoropolymer, and, others. They are extensively used in various sectors including transportation, electricals and electronics, aerospace and others.
Lightweight and High-Performance Plastics
Lightweight and High-Performance Plastics
In 2016, transportation segment estimated for over 50.16% of the total volume and is likely to show maximum growth rate over the forecast period (2014 to 2025). This growth is attributed to growing use of the product for manufacturing compact, lightweight, and fuel-efficient vehicles. These polymers are considered as lightweight substitute to metal. They can be utilized for manufacturing various automotive parts including coolant systems, sockets, fuel systems engine components, transmission components, and brake systems. Rising use as a lightweight substitute to metals can boost the product demand. Deployment of these polymers safeguards high operating temperature and thus increase the fuel efficiency and reduces emissions.
Electronics and electrical segment estimated for over 34.45% of the total volume and is expected to exhibit significant growth in the years to come. They are largely utilized in motor brush cards, circuit, and connectors. In addition, these plastics can be also installed heat and shock-resilient applications in the glass and aerospace industries. These polymers can be also used in the form of films and sheets. These sheets are expected to be used in aerospace, and defense equipment, particularly in the combat fighter plane’s engines for making them lighter and faster.
Market Overview
According to Grand View Research, Inc., the worldwide heat resistant polymer market is likely to achieve USD 21.38 billion by 2025. Increasing demand in aerospace and automotive industries can drive the heat resistant polymer market. Growing use of lightweight plastics instead of metals in the automotive industry is the major driving factor for the market.
In 2016, Asia Pacific valued for more than 45.23% of the global revenue and expected to show rapid growth over the forecast period.
Some of the leading companies operating in the market include Honeywell International Inc.; BASF SE; Daikin Industries, Ltd.; E. I. Du Pont De Nemours and Company; and Evonik Industries AG.
In-Depth Research Report On Heat Resistant Polymer Market:
https://www.grandviewresearch.com/industry-analysis/heat-resistant-polymer-market
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