The Heat Resistant Polymers Market is estimated to reach $15.1 billion by 2027 and is poised to grow at an estimated CAGR of 5.8% over the forecast period of 2022-2027. The growth of the heat resistant polymers market is dependent on the automotive industry. Heat resistant polymers can maintain their physical and mechanical properties at 250°C for a long period of time. They are classified as fluoropolymers, polyimides, sulfone polymers, polyketones and other copolymers. Parts made out of heat resistant polymers offer great advantages to automakers as they are lighter in weight. This translates into greater fuel efficiency, an important benefit considering the ongoing spike in fuel prices. Besides their diversity in temperature ranges, chemical resistance and physical durability, their low maintenance costs and longer life spans open up several opportunities in the Heat Resistant Polymers market for motors and gears. 

Heat Resistant Polymers Market: Transportation Segment Leads the Market

On the basis of the end-user industry, heat resistant polymers market can be segmented into transportation, building and construction, electrical and electronics, packaging, textile, water treatment and others. The market’s leading segment has been evaluated to be transportation. During the forecast period 2022-2027, the transportation segment is expected to grow with a CAGR of 5.3%. This can be attributed to various reasons such as the increase in the demand for lightweight materials in the automotive and aerospace sectors. Heat Resistant Polymers are replacing metals in certain applications in these industries.

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Heat Resistant Polymers Market: Asia-Pacific Holds the Largest Share

According to IndustryARC’s analysis, Asia Pacific holds the largest share in the market. In 2021, the Asia Pacific region held a 42% share of the total revenue earned by the market, globally. APAC countries, especially China and India, are ahead in terms of usage of heat resistant polymers in automotive, aerospace and electronics industries. Europe, especially France, the UK and Italy, would observe significant growth over the forecast period due to the increasing investments in the aerospace sector.

Heat Resistant Polymers Market: Competitive Landscape
Key companies holding major shares in the Heat Resistant Polymers market are Arkema SA, E.I. du Pont de Nemours, Covestro, Huntsman Corporation, PolyOne Corporation, BASF SE, Evonik Industries AG, Celanese Corporation, Solvay S.A. and SABIC.

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