Global Heat Resistant Polymers Market at high CAGR of 6.6% by 2026

Posted by ojasdbmr on November 25th, 2019

Global Heat Resistant Polymers market is expected to rise at a CAGR of 6.6% in the forecast period of 2019-2026.This rise in market value can be attributed to growing demand for heat resistant polymers they are a replacement to conventional materials.

Heat Resistant Polymers are the polymers that have the capacity to tolerate extremely high temperatures. These polymers have a longer life as compared to other polymers due to their nature of getting recycled through reheating and reshaping. Heat resistant polymers are composed of heterocyclic and aromatic species that are linked by flexible bridging groups. Due to their properties of resisting high temperatures, heat resistant polymers are used semiconductor, petro/chemical, aerospace, and transportation industries.

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Competitive Analysis:                                                                                    

Global Heat Resistant Polymers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Heat Resistant Polymers market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in Heat Resistant Polymers market are BASF SE, Arkema Group, Evonik Industries AG, DAIKIN INDUSTRIES, Ltd., Celanese Corporation, Solvay, KURARAY CO., LTD., DuPont de Nemours, Inc., Victrex plc., Dongyue Group, DIC CORPORATION, Honeywell International Inc, Covestro AG, Parkway Products, LLC, A. Schulman, Inc., Caledonian Industries Ltd, Quadrant Epp Surlon India Limited, Tri-Mack Plastics Manufacturing Corporation, Dow, Huntsman International LLC, PolyOne Corporation, RTP Company, Ensinger

Segmentation: Global Heat Resistant Polymers Market

Global Heat Resistant Polymers Market By Type (Fluoropolymers, Polyimides, Polyphenylene Sulfide, Polybenzimidazole, Polyether Ether Ketone, Others), End Use (Transportation, Electronics & Electrical, Other Industries), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Drivers:

• Increasing demand of heat resistant polymers in automotive and aerospace industries acts as the major driver in the growth of the market
• Increased application scope in fuel efficient, manufacturing compact by replacing metallic parts boosts the demand of high resistant polymers

Market Restraints:

• Difficulty in the processing of heat resistant polymers hinders the growth of the market
• High cost of heat resistant polymers as compared to other polymers affect the market growth

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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