The Worldwide High Temperature Thermoplastics Industry is Projected to Reach $31.8 Billion by 2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 4, 2023--
The “High Temperature Thermoplastics: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for High Temperature Thermoplastics estimated at US$16.3 Billion in the year 2020, is projected to reach a revised size of US$31.8 Billion by 2027, growing at a CAGR of 10% over the analysis period 2020-2027.
Fluoropolymers (FPs), one of the segments analyzed in the report, is projected to record a 10.3% CAGR and reach US$8.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Polyamide (HPPA) segment is readjusted to a revised 8.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 14.4% CAGR
The High Temperature Thermoplastics market in the U.S. is estimated at US$4.4 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2027 trailing a CAGR of 14.4% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 9.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.4 Billion by the year 2027.
Polyphenylene Sulfide (PPS) Segment to Record 10.6% CAGR
In the global Polyphenylene Sulfide (PPS) segment, USA, Canada, Japan, China and Europe will drive the 10.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$3.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 12.2% CAGR through the analysis period.
Select Competitors (Total 43 Featured) -
- Arkema S.A.
- Celanese Corporation
- DIC Corporation
- Dow, Inc.
- DuPont de Nemours, Inc.
- Evonik Industries
- Polyone Corporation
- Quadrant Plastics
- Royal Dsm
- Sumitomo Chemicals
- Toray Industries, Inc.
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- High Temperature Thermoplastics - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/mqhip
View source version on businesswire.com:https://www.businesswire.com/news/home/20230104005831/en/
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2023.
PUB: 01/04/2023 12:26 PM/DISC: 01/04/2023 12:26 PM