High Performance Polymer Market Overview:
High performance Polymers are different from generic commodity polymers on the basis of their temperature stability, mechanical properties and chemical stability. They are produced to satisfy specific parameters so that they can be used in much more robust environments. The High performance polymer market has a lot of industrial application and is well spread in almost all key industries. The high performance polymer market is only expected to grow with its usage becoming more common in almost all fields.
High Performance Polymer Market Outlook:
The high performance Polymer market has spread to be used in all most all the industries. Avionics and defense, Oil and Gas to Medical and Healthcare, it finds application in various fields and due to its advanced thermal, mechanical and chemical properties and its durability and lesser weight than other materials it has been readily adopted by industries. Most of the high performance polymers are produced by the polycondensation process as amorphous, semi-crystalline or liquid crystalline polymers. The Polycondensation process is a chemical synthesis process to form high Molecular mass polymers. After the production of these polymers they are processed by different methods such as: injection molding, extrusion and others, to form useable final products. They are in some cases also sent for post-processing.
High Performance Polymer (TNPP) Market Growth drivers:
A major Growth driver for the High performance polymer industry has been the cost effectiveness and lighter weight advantage given by the high performance polymers. Due to these characteristics added with high thermal and chemical stability and superior mechanical properties, high performance polymers have found their way into expansive industries such as construction, automotive, aerospace and defense. These industries require lighter material with the same or superior properties to that of metals so as to make their products more cost effective without reducing quality. The high performance polymer market has been a great advantage for these industries which has been driving the growth for High performance polymers.
Another important factor that has been driving the growth of the high performance polymer is the back end research that is continually done by the companies find newer application avenues and trying to meet specific customer demands. Research on the use of high Performance polymers in medical and health care and its application in the same has also been a major booster for the high Performance Market.
High Performance Polymer (TNPP) Market Challenges:
The major challenges faced by the current high performance Polymer industry is the extensive demand for materials with specific working properties that satisfy the industrial needs. The application of high performance polymers is extensive across oil and gas, medical, manufacturing, automotive, construction and aerospace industries. To cater to all the needs of these industries is appropriate material and providing apt solutions with confidence has been a challenge for the high Performance polymers industry.
Another Challenge faced by the High Performance polymer Industry is the lack of appropriate testing standards within the industry for high performance polymers specifically. The lack of standardized testing methods for high performance polymer the industries have been having a tough time in quality checking and quality assurance with many using in-house methods for the testing.
High Performance Polymer Market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the High Performance Polymer market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.
High Performance Polymer Market Report: Industry Coverage
High Performance Polymer Market– By Material: Liquid Crystal polymers (LCP), Polysulfone/Polyethersulfone (PSU/PES), Polyvinyllidene fluoride (PVDF), Polyetherimide (PEI), Polyphenylene Sulphide (PPS), Polyetheretherketone (PEEK), Styrene Butadiene Copolymers (SBC), Polyketone (PK), Polythalamaide (PPA) and others.
High Performance Polymer– By form: Amorphous, Semi-crystalline and Liquid Crystal Polymers
High Performance Polymer– By Production Technology: Electrophilic Synthesis, Polycondensation Process.
High Performance Polymer– By Processing Methods: Extrusion, Melt-Spinning, Injection Molding, Co-extrusion, Thermoforming and others.
High Performance Polymer– By Application Type: Coatings, Adhesives, Wires and Cables, Solar Panels, Lithium Ion Batteries, Fibers, filament, Yarns and Fabrics, Films and Sheets, Membranes, Brake systems, Electrical Components, Fuel systems and Engines, Medical materials, Packaging and others.
High Performance Polymer Market – By End User Industry: Medical and Health Industry, Textile Industry, Electrical and electronics Industry, Manufacturing Industries, Automotive industry, Aerospace industry, Oil and Gas Industry, Food packaging Industry, Construction Industry and others.
The High Performance Polymer market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- Middle East and Africa: Israel, South Africa, Saudi Arabia
High Performance Polymer Market Key Players Perspective:
Global business Development Manager from Solvay, Jeff Hrinvak, commented on the High Performance polymers and their growth in the Health Care industry, in an article published in the Medical Design & outsourcing Magazine. He wrote “ Specialty polymers – a category of materials defined by markedly higher performance than conventional resins – will only help to fuel the growth of the overall medical plastics market. This especially applies to applications in which replacing metal with a polymer could potentially lower a part’s overall cost, reduce its weight or enable a more ergonomic design. Encompassing polysulfone (PSU), polyphenylsulfone (PPSU), polyaryletherketone (PAEK), polyetheretherketone (PEEK), polyarylamide (PARA) and other advanced polymers, this class of materials collectively offers better mechanical performance than engineering resins, as well as broader chemical resistance, higher thermal properties and often inherent flame retardance without the need for additives. These materials are also compatible with a broad range of sterilization technologies, such as steam, ethylene oxide, vaporized hydrogen peroxide and high-energy gamma radiation. Specialty polymers are challenging metal on all of these points, while offering a more cost-effective, moldable alternative. This is evident in the trend toward metal-replacement in single-use and reusable instrument applications, such as retractors, impactors and other surgical instruments.”
Some of the Key players in this market that have been studied for this report include: DuPont, 3M, Solvay, Resirene, MC Polymers, Celanese, Arkema, Chevron Phillips, Victrex, Sabic Global technologies and many more.
Market Research and Market Trends of High Performance Polymer Market
One of the key trends that is seen in the market for high performance polymer is the steps being taken by various governments to fund and promote application of high performance polymers in various application such as membrane technology and solar cells. This trend shows promise in the market for high performance polymers in its future application and growth in the market.
Another important trend is in the medical and healthcare sector and aerospace sector with many companies actively creating and marketing High performance polymer solution for the medical industry and aerospace industry. Companies have been developing products for the Aerospace and Medical sector using the High performance polymer Polyetheretherketone (PEEK) as their main base polymer in their innovations which are being actively used by the end user industries.
Companies are also expanding their production capacities which also shows a positive outlook for the High performance polymer market. Solvay is expanding its France production capacity by 35%, the production center manufacture the fluoropolymer- Polyvinyllidene fluoride (PVDF). Evonik also expanded its PEEK polymer manufacturing capacity in China. These also point to an increasing demand-supply base which will positively push the market upwards.