The High-Performance Plastic market size reached USD 22.84 Billion in 2021 and is expected to register a revenue CAGR of 8.96% during the forecast period to the latest analysis by Emergen Research. The market is expanding as a result of the expanding use of HPPS in the automotive industry and the rising demand for fluoropolymers across various sectors.
Additionally, an ongoing trend in the global market is the growing use of HPPS for bushing and bearing production. As plastic technology develops, plastic bearings are becoming more and more popular because they are more versatile, economical, and corrosion-resistant. Additionally, thermoplastic alloy, a fibre matrix, and solid lubricants are used to create plastic bearings, which have a consistently low coefficient of friction and superior strength.
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This is due to its durability, ability to replace more expensive alternatives and high-performance plastic bearings, and ability to minimise overall costs. These bearings are made self-lubricating by integrating lubricants into tiny chambers of composite material, preventing the need for additional lubricants and continuing maintenance. Although plastic bearings can endure temperatures between -40°F and 500°F and can be strengthened with carbon fibre or fibreglass, their thinner walls are better at dissipating heat. Additionally, they are less likely to sag under heavier weights. Plastic bearings are designed to endure frequent washdowns and corrosive chemicals, making them perfect for usage in harsh environments. They also avoid contamination and seal failure because to their self-lubricating qualities.
Global High Performance Plastic Market research report offers a panoramic view of the High Performance Plastic Market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the High Performance Plastic Market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
Companies profiled in the global High Performance Plastic market:
Evonik Industries AG,
Victrex PLC,
Solvay S.A,
E.I Du Pont De Nemours and Company,
Daikin Industries. Ltd.,
BASF SE,
Ensinger,
Royal DSM,
Exxon Mobil, and
Celanese Corporation.
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Emergen Research has segmented the high performance plastic market based on type, end-use and region:
Type Outlook (Revenue, USD Billion; 2019–2030)
Sulfone Polymers
Polyamides
Polyphenylene Sulfide
Fluoropolymers
Liquid Crystal Polymers
Others
End-Use Outlook (Revenue, USD Billion; 2019–2030)
Aerospace & Defense
Transportation
Electronics
Medical
Others
The Global High Performance Plastic Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the High Performance Plastic market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
What will be the estimated growth rate of the High Performance Plastic market by 2030?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the High Performance Plastic market throughout the forecast period?
What are the current and future market trends of the High Performance Plastic market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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