High Temperature Plastics Market - Forecast(2023 - 2028)

Report Code: CMR 37134 Report Format: PDF + Excel

High Temperature Plastics Market Overview

The High-Temperature Plastic Market is expected to reach US$50.5 billion by 2026, growing at a CAGR of 5.5% during the forecast period of 2021-2026. Increasing demand for plastic materials in the automotive, electronics, and packaging industries is expected to be one of the key driving factors. Polyimides are high-performance plastics that exhibit high temperature and electrical resistance as well as high strength. They are widely used in automotive & transportation markets, consumer goods, and electrical and electronics applications. The high-temperature performance of polypropylene will drive the demand for high-temperature plastic. With the rising demand of packaging industry, the demand for fluoropolymers will expand. Fluoropolymers are a ubiquitous part of modern life used in everything from food packaging to the non-stick coatings on kitchen pans. Fluoropolymers have been able to satisfy many different industrial needs, making them a highly popular material.

COVID-19 Impact

COVID-19 Outbreak has made a significant impact on high temperature plastics market. The world has seen the demand of high temperature plastic market being 40-50% lower than usual. Products like hard PVC, polycarbonate and polypropylene plastic materials has been affected the most. Starting 2020, Covid-19 has caused some markets to go into a general shutdown. This has led to the closure of the large factories used to produce barrels and other equipment, temporarily affecting the capacity of many plastics companies. In addition, the continuous shutdown of the world’s economy has resulted in a temporary loss of business for many suppliers of plastic products, so many large plastic companies have gone out of business temporarily. The low demand from end use industries during covid-19 lockdown has also impacted the global market for high temperature plastics.

Report Coverage

The report: “High Temperature Plastics Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the High Temperature Plastics Market.
By Product Type: Polytetrafluoroethylene (PTFE), Perfluoro alkoxy Polymer (PFA), Polyether ether ketone (PEEK), fluorinated ethylene propylene (FEP), Polyethyleneimine (PEI), polyethylene terephthalate (PET/PBT)
By Test Method:  VICAT softening temperature (VST), and Deflection temperature under load (DTUL)
By Application: Cable Couplings, Connectors, Wire Insulators, Belting, Filters, Meshes and others.
By End Use Industry: Transportation (Automotive, Aerospace, Marine, Railways), Energy, Medical, Industrial, Agriculture, Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel, Rest of middle east)], Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

  • The high temperature plastics are used for the production of dashboard and cabin air filters, which make up about 70% of the automotive parts market. 
  • The high temperature plastics market in India will grow at a CAGR of 6.2% during the forecast period. The growing sales of light weight and passenger cars in India is driving the market growth. 
  • The growing demand for high quality passenger cars in China is driving the manufacturers to adopt high temperature plastics in the production of cars.

Asia Pacific High Temperature Plastics Market Revenue, 2020-2026 (US$ Billion)

 

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High Temperature Plastics Market – By Type

The polytetrafluoroethylene segment accounted for the maximum share of 34% in 2020 and is expected to grow significantly during the forecast period. The favorable growth will be seen in high temperature plastics especially in the industries like automobiles, aerospace and electrical and electronics and demand for coating industry will open doors for the market.  The major end-use industries such as automotive, aerospace and electrical & electronics are using Polytetrafluoroethylene for the production of various components. 

High Temperature Plastic Market-By Application

High Temperature Plastics will be used as insulators to protect electrical and electronic equipment from heat and as a protective covering for electronic equipment to prevent malfunctions due to mechanical and thermal stress. The market for High Temperature Plastics will increase in line with the growth in electrical and electronic equipment usage globally. High Temperature Plastics are used to insulate equipment from heat and protect equipment from stresses due to heat. 

High Temperature Plastic Market-By End Use Industry

The automotive segment accounted for 30% in 2020 and is expected to grow significantly during the forecast period 2021-2026.  The automotive sector is currently challenged by the global slowdown and the implementation of stricter emission standards. However, the global automotive market is expected to witness a significant growth in the developed and developing markets. In the developed regions, Asia-Pacific is expected to grow at the fastest pace between 2021 and 2026. The region is expected to maintain this momentum into 2025, growing at a CAGR of 4% while India and China are expected to continue to dominate the market. In addition, China is the second largest automotive market in the world.

High Temperature Plastics Market-By Geography

The Asia Pacific region is expected to dominate the global high temperature plastic market and hold approximately 33% of market share during the forecast period. The growing usage demand for passenger vehicles in emerging economies such as India, China, Japan and South Korea are diving the market growth for high temperature plastics. The key factor in this segment is the shifting hub from Western region to the Asia-Pacific. Asian countries like Japan, South Korea, Taiwan will play a major role in the expansion and growth of the plastic market. Apart from this, we can also see the suitable growth in European region in the automotive and aerospace industry.

High Temperature Plastics Market: Drivers

Growing demand from the automotive sector

The automotive sector is one of the most important end-use applications for high-temperature plastics. The product is used in the automotive and transportation industry as an insulator for passenger seats, instrument panels, car roofs, and exterior cladding panels. The market for automotive applications is growing, and with the implementation of improved performance and more stringent environmental regulations, the market is expected to grow significantly in the future. The number of vehicles sold in the Asia-Pacific region in 2020 reached 742 million units compared to 591 million units in 2019. This growth is attributed to rising incomes and large-scale development programs in China and India. The automotive industry in the Middle East and Africa is expected to register a CAGR of 6%.

High Temperature Plastic Market: Challenges

Brittle and Hard

The first challenge for using high temperature plastic in medical applications is that plastics are relatively brittle and hard. The medical devices often need to endure high temperatures, but they are subject to numerous stresses from the environment, such as abrasions, cut and forces. Moreover, high temperature plastic price premium, which makes them too expensive for many healthcare applications. This is one of the key challenges that can be faced for using high temperature plastic in medical applications. High temperature plastics also difficult to fabricate into complex shapes and are usually brittle and have low flexibility, and thus are not suitable for applications where high flexibility and strength are required.

High Temperature Plastics Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the GCC DEF (AdBlue) market. Major players in the High Temperature Plastics market include:

  • BASF SE
  • Celanese Corporation
  • DIC Corporation
  • Dongyue Group Ltd.
  • E. I. DU Pont De Nemours & Company
  • Evonik Industries AG
  • Honeywell International Inc.
  • SABIC
  • Solvay S.A.
  • Victrex PLC, and others.

Relevant Reports 

High Temperature Thermoplastics Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026
Report Code: CMR 58101

Engineering Plastics Market - Forecast(2021 - 2026)
Report Code: CMR 0285

For more Chemicals and Materials Market reports, please click here

1. High Temperature Plastics Market- Market Overview
    1.1 Definitions and Scope
2. High Temperature Plastics Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Test Method
    2.3 Key Trends by Application
    2.4 Key Trends by End Use Industry
    2.5 Key Trends by Geography
3. High Temperature Plastics Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. High Temperature Plastics Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. High Temperature Plastics Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. High Temperature Plastics Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. High Temperature Plastic Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. High Temperature Plastic Market – By Product Type (Market Size -$Million/Billion)
    8.1 PTFE
    8.2 PFA
    8.3 PEEK
    8.4 FEP
    8.5 PEI
    8.6 PET/PBT
9. High Temperature Plastic Market – By Test Method (Market Size -$Million/Billion)
    9.1 Vicat Softening Temperature (VST)
    9.2 Deflection temperature under load (DTUL)
10. High Temperature Plastic Market – By Application (Market Size -$Million/Billion)
    10.1 Cable Couplings
    10.2 Connectors
    10.3 Wire Insulations
    10.4 Tubing’s
    10.5 Belting
    10.6 Filters
    10.7 Meshes
    10.8 Others
11. High Temperature Plastic Market – By End Use Industry (Market Size -$Million/Billion)
    11.1 Transportation
        11.1.1 Automotive
        11.1.2 Aerospace
        11.1.3 Marine
        11.1.4 Railways
    11.2 Energy
    11.3 Construction
        11.3.1 Residential
        11.3.2 Commercial
    11.4 Electrical and Electronics
    11.5 Medical
    11.6 Industrial
    11.7 Agriculture
    11.8 Others
12. High Temperature Plastic Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 South America
        12.2.1 Brazil
        12.2.2 Argentina
        12.2.3 Colombia
        12.2.4 Chile
        12.2.5 Rest of South America
    12.3 Europe
        12.3.1 UK
        12.3.2 Germany
        12.3.3 France
        12.3.4 Italy
        12.3.5 Netherlands
        12.3.6 Spain
        12.3.7 Russia
        12.3.8 Belgium
        12.3.9 Rest of Europe
    12.4 Asia-Pacific
        12.4.1 China
        12.4.2 Japan
        12.4.3 India
        12.4.4 South Korea
        12.4.5 Australia and New Zeeland
        12.4.6 Indonesia
        12.4.7 Taiwan
        12.4.8 Malaysia
        12.4.9 Rest of APAC
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. High Temperature Plastic Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. High Temperature Plastic Market – Industry/Segment Competition Landscape Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. High Temperature Plastic Market – Key Company List by Country Premium Premium
16. High Temperature Plastic Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best-efforts basis for private companies"

LIST OF TABLES

1.Global High Temperature Plastics Market By Type Market 2019-2024 ($M)
1.1 Fluoropolymers Market 2019-2024 ($M) - Global Industry Research
1.2 Polyphenylene Sulphide Market 2019-2024 ($M) - Global Industry Research
1.3 Polyimides Market 2019-2024 ($M) - Global Industry Research
1.4 Polysulfones Market 2019-2024 ($M) - Global Industry Research
2.Global High Temperature Plastics Market By End-Use Industry Market 2019-2024 ($M)
2.1 Transportation Market 2019-2024 ($M) - Global Industry Research
2.2 Electrical & Electronics Market 2019-2024 ($M) - Global Industry Research
2.3 Industrial Market 2019-2024 ($M) - Global Industry Research
2.4 Medical Market 2019-2024 ($M) - Global Industry Research
3.Global High Temperature Plastics Market By Type Market 2019-2024 (Volume/Units)
3.1 Fluoropolymers Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Polyphenylene Sulphide Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Polyimides Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Polysulfones Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global High Temperature Plastics Market By End-Use Industry Market 2019-2024 (Volume/Units)
4.1 Transportation Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Electrical & Electronics Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Industrial Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Medical Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America High Temperature Plastics Market By Type Market 2019-2024 ($M)
5.1 Fluoropolymers Market 2019-2024 ($M) - Regional Industry Research
5.2 Polyphenylene Sulphide Market 2019-2024 ($M) - Regional Industry Research
5.3 Polyimides Market 2019-2024 ($M) - Regional Industry Research
5.4 Polysulfones Market 2019-2024 ($M) - Regional Industry Research
6.North America High Temperature Plastics Market By End-Use Industry Market 2019-2024 ($M)
6.1 Transportation Market 2019-2024 ($M) - Regional Industry Research
6.2 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
6.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
6.4 Medical Market 2019-2024 ($M) - Regional Industry Research
7.South America High Temperature Plastics Market By Type Market 2019-2024 ($M)
7.1 Fluoropolymers Market 2019-2024 ($M) - Regional Industry Research
7.2 Polyphenylene Sulphide Market 2019-2024 ($M) - Regional Industry Research
7.3 Polyimides Market 2019-2024 ($M) - Regional Industry Research
7.4 Polysulfones Market 2019-2024 ($M) - Regional Industry Research
8.South America High Temperature Plastics Market By End-Use Industry Market 2019-2024 ($M)
8.1 Transportation Market 2019-2024 ($M) - Regional Industry Research
8.2 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
8.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
8.4 Medical Market 2019-2024 ($M) - Regional Industry Research
9.Europe High Temperature Plastics Market By Type Market 2019-2024 ($M)
9.1 Fluoropolymers Market 2019-2024 ($M) - Regional Industry Research
9.2 Polyphenylene Sulphide Market 2019-2024 ($M) - Regional Industry Research
9.3 Polyimides Market 2019-2024 ($M) - Regional Industry Research
9.4 Polysulfones Market 2019-2024 ($M) - Regional Industry Research
10.Europe High Temperature Plastics Market By End-Use Industry Market 2019-2024 ($M)
10.1 Transportation Market 2019-2024 ($M) - Regional Industry Research
10.2 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
10.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
10.4 Medical Market 2019-2024 ($M) - Regional Industry Research
11.APAC High Temperature Plastics Market By Type Market 2019-2024 ($M)
11.1 Fluoropolymers Market 2019-2024 ($M) - Regional Industry Research
11.2 Polyphenylene Sulphide Market 2019-2024 ($M) - Regional Industry Research
11.3 Polyimides Market 2019-2024 ($M) - Regional Industry Research
11.4 Polysulfones Market 2019-2024 ($M) - Regional Industry Research
12.APAC High Temperature Plastics Market By End-Use Industry Market 2019-2024 ($M)
12.1 Transportation Market 2019-2024 ($M) - Regional Industry Research
12.2 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
12.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
12.4 Medical Market 2019-2024 ($M) - Regional Industry Research
13.MENA High Temperature Plastics Market By Type Market 2019-2024 ($M)
13.1 Fluoropolymers Market 2019-2024 ($M) - Regional Industry Research
13.2 Polyphenylene Sulphide Market 2019-2024 ($M) - Regional Industry Research
13.3 Polyimides Market 2019-2024 ($M) - Regional Industry Research
13.4 Polysulfones Market 2019-2024 ($M) - Regional Industry Research
14.MENA High Temperature Plastics Market By End-Use Industry Market 2019-2024 ($M)
14.1 Transportation Market 2019-2024 ($M) - Regional Industry Research
14.2 Electrical & Electronics Market 2019-2024 ($M) - Regional Industry Research
14.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
14.4 Medical Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US High Temperature Plastics Market Revenue, 2019-2024 ($M)
2.Canada High Temperature Plastics Market Revenue, 2019-2024 ($M)
3.Mexico High Temperature Plastics Market Revenue, 2019-2024 ($M)
4.Brazil High Temperature Plastics Market Revenue, 2019-2024 ($M)
5.Argentina High Temperature Plastics Market Revenue, 2019-2024 ($M)
6.Peru High Temperature Plastics Market Revenue, 2019-2024 ($M)
7.Colombia High Temperature Plastics Market Revenue, 2019-2024 ($M)
8.Chile High Temperature Plastics Market Revenue, 2019-2024 ($M)
9.Rest of South America High Temperature Plastics Market Revenue, 2019-2024 ($M)
10.UK High Temperature Plastics Market Revenue, 2019-2024 ($M)
11.Germany High Temperature Plastics Market Revenue, 2019-2024 ($M)
12.France High Temperature Plastics Market Revenue, 2019-2024 ($M)
13.Italy High Temperature Plastics Market Revenue, 2019-2024 ($M)
14.Spain High Temperature Plastics Market Revenue, 2019-2024 ($M)
15.Rest of Europe High Temperature Plastics Market Revenue, 2019-2024 ($M)
16.China High Temperature Plastics Market Revenue, 2019-2024 ($M)
17.India High Temperature Plastics Market Revenue, 2019-2024 ($M)
18.Japan High Temperature Plastics Market Revenue, 2019-2024 ($M)
19.South Korea High Temperature Plastics Market Revenue, 2019-2024 ($M)
20.South Africa High Temperature Plastics Market Revenue, 2019-2024 ($M)
21.North America High Temperature Plastics By Application
22.South America High Temperature Plastics By Application
23.Europe High Temperature Plastics By Application
24.APAC High Temperature Plastics By Application
25.MENA High Temperature Plastics By Application
26.Solvay S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.E. I. DU Pont De Nemours & Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Sabic Innovative Plastics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Celanese Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Victrex PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.BASF Se, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Dongyue Group Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Dic Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Evonik Industries AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Honeywell International Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)