High-Performance Polymers Market Size By Application, Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030
Polymers are broadly classified on their molecular arrangement as amorphous or crystalline. In an amorphous polymer, the molecules are arranged in a random fashion and in a crystalline polymer, the molecules are arranged in a specific order. On the basis of application, polymers are broadly categorized into commodity, engineering, high-performance, and ultra-polymers. Although high-performance polymers fall under the high-cost product, the functionalities and performance offered by them justify their cost.
The introduction of new governmental regulations, the rising focus of major players towards improvising the design and weight of vehicles, and the growing demand for fuel-efficient vehicles, result in an increased demand for lightweight vehicles. Technavio\'s research analysis on the global high-performance polymers market has identified the rising need for lightweight automobiles as one of the major factors that will have a positive impact on this market\'s growth. Automobile manufacturers in the US are focusing on achieving an average fleet fuel efficiency of around 36 miles per gallon by 2019 and more than 54 miles per gallon by 2030, as set by the corporate average fuel economy (CAFE). This in turn, offers growth opportunities for polymer manufacturers to develop advanced and innovative high-performance polymer automotive components.
Countries in North America, especially the US and Canada are the largest consumers of high-performance polymers. The demand for high-performance polymers is increasing in this region and the vendors in the high-performance polymers market are focusing on introducing new polymer products with customized offerings. The growth of the automotive industry, especially in China and India and the rapid industrialization is the major factors fueling the demand for high-performance polymers in APAC.
The Global High-Performance Polymers Market size was xxx million USD with a CAGR xx % from 2018- 2022. It will stretch to xxx million USD in 2023 with a CAGR of xx % from 2023-2030.
As the report focuses on global High-Performance Polymers Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Celanese Corporation
Daikin Industries
Evonik Industries
Solvay
Sumitomo Chemical
Arkema
DIC Corporation
DuPont
Kuraray
RTP Company
Saudi Basic Industries Corporation (SABIC)
Unitika
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Fluoro Polymer
Liquid Crystal Polymers
Polyamides
Polyimides
Polyketones
Polysulfones
Others
In Market segmentation by applications :
Mining
Oil & Gas
Automotive
Electronics
Aerospace
Printing Inks
Elastomers
Textiles
Water Treatment
Food & Beverage
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the High-Performance Polymers Market for the forecast period 2023-2030?
• What are the driving forces in the High-Performance Polymers Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the High-Performance Polymers industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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