Heat Resistant Polymers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Fluoropolymers, Polybenzimidazole, Polyimides, Polyphenylene Sulfide, Polyether Ether Ketone, Others), By End User (Transportation, Electronics & Electricals, Others), By Region and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationHeat Resistant Polymers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Fluoropolymers, Polybenzimidazole, Polyimides, Polyphenylene Sulfide, Polyether Ether Ketone, Others), By End User (Transportation, Electronics & Electricals, Others), By Region and Competition
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 17.08 billion |
| CAGR (2023-2028) | 6.89% |
| Fastest Growing Segment | Fluoropolymers |
| Largest Market | North America |
Market Overview
Key Market Drivers
Growing Demand of Heat Resistant Polymers in the Oil and Gas Industry
Growing Demand of Heat Resistant Polymers in the Automotive Industry
Key Market Challenges
Variability in Prices of Raw Materials
Key Market Trends
Increased Use of Heat Resistant Polymers in Additive Manufacturing
Segmental Insights
Type Insights
End User Insights
Regional Insights
Recent Developments
- In July 2023, BASF SE, a leading chemical company, announced an exciting
expansion plan for its research and development base in Shanghai, China. This
strategic move comes in response to the rapidly growing market in the country,
as well as the promising opportunities presented by the Asian continent as a
whole. By strengthening its presence in this region, BASF aims to further
leverage its expertise and innovative solutions to meet the evolving needs of
customers and industries in this dynamic market.
- In July 2023, Evonik Industries, a global specialty chemicals company,
successfully completed the acquisition of Novachem, a renowned Argentinian firm
specializing in cosmetic active pharmaceutical ingredients (APIs). This
strategic acquisition not only expands Evonik's portfolio of offerings but also
strengthens its position as a key player in the cosmetic industry. By
synergizing their respective capabilities and resources, Evonik and Novachem
are well-positioned to deliver enhanced value and innovation to customers,
while further driving growth and competitiveness in this thriving sector.
Key Market Players
- BASF SE
- Arkema SA
- Evonik Industries AG
- Celanese Corporation
- Solvay SA
- Victrex plc
- Dongyue Group Ltd.
- Honeywell International Inc
- Covestro AG
- Parkway Products LLC
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