The report analyzes and forecasts the High Performance Engineering Plastics market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
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The report comprises a detailed value chain analysis, which provides a comprehensive view of the global High Performance Engineering Plastics market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
High-performance plastics meet higher requirements when compared over engineering or standard plastics. High-performance plastics own extra properties when compared to other engineering or standard plastics such as high quality electrical resistance, performance at high temperatures, low coefficient of friction, high strength and good chemical resistance. Key product types for high performance engineering plastics comprise nylon 66, polyamide, PEEK (Polyether Ether Ketone) and polycarbonate among others.
Increasing usage in automobile and aerospace industry and quick advancement in chemical industry are majorly driving the growth of this market. Whereas stringent government regulations and expensive material cost over other materials are some factors fettering the market growth. Surge in income levels among various end-users, infrastructure development, rapid urbanization are few factors expected to boost growth of this market in near future.
The market can be bifurcated on the basis of classification, application and geography. By classification, high performance engineering plastics market can be segmented into PPS, PAR and LCP. By application, high performance engineering plastics market can be segmented into automotive industry, machinery equipment and electrical and electronics. On the basis of geography, the high performance engineering plastics market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.
Some of the major players involved in high performance engineering plastics market include
- BASF SE
- Shenma Industrial Co., Ltd.
- Royal DSM
- Asahi Kasei Corp.
- Ascend Performance Materials LLC
- Radici Group
Market By Classification
Market By Application
- Automotive Industry
- Machinery Equipment
- Electrical and Electronics
Market By Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of LATAM
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
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The report provides size (in terms of volume and value) of High Performance Engineering Plastics market for the base year 2017 and the forecast between 2018 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding. Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
Key Questions Answered in the Report
The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-
- What is the overall structure of the market?
- What was the historical value and what is the forecasted value of the market?
- What are the key product level trends in the market?
- What are the market level trends in the market?
- Which of the market players are leading and what are their key differential strategies to retain their stronghold?
- Which are the most lucrative regions in the market space?
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