Heat Resistant Polymer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Heat Resistant Polymer Market Analysis
The global heat resistant polymer market is estimated to witness a healthy growth, at an estimated CAGR of over 6%, over the forecast period. The major factors driving the growth of the market studied are superior protection for complex electrical components and high demand in aerospace and automotive industries.
- High cost of materials is likely to hinder the markets growth.
- Increasing application in motor brush card are likely to create opportunities for the market in the coming years.
- Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
Heat Resistant Polymer Market Trends
This section covers the major market trends shaping the Heat Resistant Polymer Market according to our research experts:
Increasing Demand from Aerospace Industry
- Aerospace companies are continuously engaging in the research & development of advanced polymers in order to increase the fuel efficiency of the vehicles by replacing conventional and traditional materials.
- Metals decompose when exposed to fluids or salts. However, temperature resistant polymers don't behave in such way and thus, are considered as the lightweight substitutes for metals. Fuel systems engine components, coolant systems, sockets, transmission components and brake systems are some of the prominent parts where these polymers are used.
- With the increasing security concerns and increasing commercial use of aircraft as a medium of conveyance, the demand for aircraft has been increasing across the world. With this, various aircraft production orders have been lined up for delivery in the coming years.
- For instance, according to Boeing, by 2038, the deliverables of commercial aircraft are expected to reach about 17,390 units in the Asia Pacific, 9,130 units in North America and about 8,990 units in Europe.
- Hence, with the production of aircraft to deliver the aircraft orders from the defense as well as the aviation industry, the demand for heat resistant polymer is projected to increase worldwide, during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country's manufacturing sector is one of the major contributors to the country's economy.
- The Chinese aircraft industry depicted significant growth over the years. According to Boeing, China is estimated to require around 7,600 new commercial aircraft, valued at USD 1.2 trillion, over the next two decades.
- Foreign investment in China has also been extended into the aviation sector, which is projected to register a CAGR of 6%, owing to China's geographical location, which provides easy access to the industrial goods markets in the neighboring countries, as well as, other countries globally, making it a major access point for manufacturers and suppliers.
- China is the largest manufacturer of automobiles in the world. The country's automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy, and to minimize emissions (owing to the growing environmental concerns due to mounting pollution in the country).
- The production is expected to reach 30 million units by 2020, owing to the 'Made in China 2025' initiative support in upgrading the existing low-cost mass production to higher value-added advanced manufacturing. 'Automobile Mid and Long-Term Development Plan', was released in 2017, with an objective to make China a strong auto power in the next ten years.
- Due to all such factors, the market for heat resistant polymer in the region is expected to have a steady growth during the forecast period.
Heat Resistant Polymer Industry Overview
The heat resistant polymer market is partially consolidated in nature. Some of the major players in the market include BASF SE, Evonik Industries AG, Celanese Corporation, DuPont, and DIC CORPORATION, among others.
Heat Resistant Polymer Market Leaders
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BASF SE
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Evonik Industries AG
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Celanese Corporation
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DuPont
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DIC CORPORATION
*Disclaimer: Major Players sorted in no particular order
Heat Resistant Polymer Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Superior Protection for Complex Electrical Components
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4.1.2 High Demand in Aerospace and Automotive Industries
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4.2 Restraints
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4.2.1 High Cost of Materials
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4.2.2 Impact of COVID-19 Pandemic
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4.3 Industry Value-Chain Analysis
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4.4 Porters Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Fluoropolymers
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5.1.2 Polyamides
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5.1.3 Polyphenylene Sulfide
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5.1.4 Polybenzimidazole
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5.1.5 Polyether Ether Ketone
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5.1.6 Other Types
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5.2 End-user Industry
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5.2.1 Automotive
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5.2.2 Aerospace and Defence
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5.2.3 Electrical and Electronics
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5.2.4 Industrial Equipment
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5.2.5 Marine
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5.2.6 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 ASEAN Countries
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5.3.1.6 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BASF SE
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6.4.2 Arkema Group
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6.4.3 Celanese Corporation
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6.4.4 Covestro AG
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6.4.5 DAIKIN INDUSTRIES, Ltd.
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6.4.6 DIC CORPORATION
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6.4.7 DuPont
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6.4.8 Evonik Industries AG
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6.4.9 Honeywell International Inc.
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6.4.10 Solvay
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6.4.11 Victrex plc
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Application in Motor Brush Card
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Heat Resistant Polymer Industry Segmentation
The global heat resistant polymer market report includes:
| Type | |
| Fluoropolymers | |
| Polyamides | |
| Polyphenylene Sulfide | |
| Polybenzimidazole | |
| Polyether Ether Ketone | |
| Other Types |
| End-user Industry | |
| Automotive | |
| Aerospace and Defence | |
| Electrical and Electronics | |
| Industrial Equipment | |
| Marine | |
| Other End-user Industries |
| Geography | ||||||||
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Heat Resistant Polymer Market Research FAQs
What is the current Heat Resistant Polymer Market size?
The Heat Resistant Polymer Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Heat Resistant Polymer Market?
BASF SE, Evonik Industries AG, Celanese Corporation, DuPont and DIC CORPORATION are the major companies operating in the Heat Resistant Polymer Market.
Which is the fastest growing region in Heat Resistant Polymer Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Heat Resistant Polymer Market?
In 2024, the Asia Pacific accounts for the largest market share in Heat Resistant Polymer Market.
What years does this Heat Resistant Polymer Market cover?
The report covers the Heat Resistant Polymer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Heat Resistant Polymer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Heat Resistant Polymer Industry Report
Statistics for the 2024 Heat Resistant Polymer market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Heat Resistant Polymer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
