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Market Research Reports incorporated a definite business overview and
investigation inclines on "High Performance Thermoplastics
Market". This report likewise incorporates more illumination
about fundamental review of the business including definitions,
requisitions and worldwide business sector industry structure.
High
performance thermoplastics mainly comprise engineering plastics with
high performance standards. Some of the major product types for high
performance engineering plastics include polycarbonate, polyamide,
nylon 66 and PEEK (Polyether Ether Ketone) among others.
Polyamide
is among dominant high performance thermoplastic with applications in
various end user industries including automotive, electronics,
construction, sports equipment and other consumer goods. Polyamide,
also known as nylon occurs in nature in form of silk and wool and can
be produced artificially through polymerization. Polyamide 66 and
polyamide 6 are among the most dominant artificially made polyamide
employed mainly in the production of fibers. Polyamides such as
polyamide 11, polyamide 12 are employed primarily as engineering
plastics. Although polycarbonate posses high tensile strength and
thermal stability, it has low scratch resistance that has restrained
market growth for polycarbonate. Polycarbonate is primarily employed
in the automotive application segment.
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Bio degradability issues and
environmental hazards associated with production of several high
performance thermoplastic including polyamide and PEEK has restrained
market growth for the plastics. On account of which there has been
surge in research and development activities to develop bio based
thermoplastics. Udecanoic acid and sebacic acid derived from castor
oil are among the most dominant raw materials used in the production
of bio based polyamide. Automotives is the largest application
segment for high performance thermoplastics and the trend is expected
to continue in the near future. Demand for high performance
thermoplastics in packaging applications is expected to outdo other
application segments in terms of growth rate during the forecast
period.
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Several end user industries
for high performance thermoplastics include consumer goods hence, GDP
growth rate and increasing disposable income of people in a region
are some of the important determinants for high performance
thermoplastics demand in a region. Characteristics such as light
weight, abrasion resistance and chemical resistance of high
performance thermoplastics make it suitable for transportation
applications. Transportation applications have been a major factor
driving demand for high performance thermoplastics. Growing
investment in the emerging economies of India, China and Brazil is
expected to drive market growth during the forecast period. Petroleum
based products are used in the production of several high performance
thermoplastics. Therefore, volatile pricing of raw material has been
a major restraint for these polyamides. Increasing research and
development activities to improve efficiency of bio based high
performance thermoplastics is expected to offer huge growth
opportunity in the market.
Asia Pacific dominates the
global demand for high performance thermoplastics and the trend is
expected to continue during the forecast period. Increasing
industrial investment and high economic growth rate in the emerging
economies of India and China has been a major factor driving demand
for high performance thermoplastics in the region. China dominates
the global high performance thermoplastics both in terms of
production and consumption. North America is the second largest
consumer for high performance thermoplastics. Demand for bio based
high performance thermoplastics in North America and Europe is
anticipated to grow at a better pace in the near future primarily
owing to government support. Emerging economies in South America are
anticipated to drive the demand for polyamide in the RoW region.
Some of the major players in
high performance thermoplastics market include Ascend Performance
Materials Inc., E. I. du Pont de Nemours and Company and Honeywell
International Inc., among others.
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