High performance plastics have higher requirements as compared to standard and engineering plastics due to their better mechanical properties, higher heat stability, and higher chemical composition. Thermal stability is an important feature of high temperature thermoplastics. The mechanical properties of high temperature thermoplastics are closely linked to their thermal stability. High temperature thermoplastics are also termed as high performance polymers, high-tech plastics, and high performance thermoplastics. High temperature thermoplastic are used in several end-user industries across the globe.
The high temperature thermoplastic market can be segmented based on temperature range, resin type, polymer type, end-user, and region. In terms of temperature range, the high temperature thermoplastic market can be divided into High Temperature Thermoplasts HTTs (temperature range 300F to 450F) and extreme temperature thermoplastics (temperature range above 450F). Based on the type of resin, the high temperature thermoplastic market can be segregated into High Temperature Fluoropolymers (High Temp FPs), High Performance Polyamide (HPPA), Polyphenylene Sulfide (PPS), Liquid Crystal Polymers (LCP), Sulfone Polymers (SP), Polyimide (PI), and Aromatic Ketone Polymers (AKP). High Temp FP resins are used for applications in wires and cables. HPPA represents a fast growing family of polymers, with broad applicability in various applications. It is used as an alternative where traditional materials such as nylon 66 are not suitable. PPS is a type of organic polymer consisting of aromatic rings linked by sulfides. SP is soluble in conventional processing solvents. It is used to make hollow fiber, flat sheets, and tubular membranes. LCP can withstand outstanding strength at extreme temperatures and is resistant to virtually all chemicals, weathering, radiation, and fire. Amorphous polymers are polymers that do not exhibit any crystalline structures in X-ray or electron scattering experiments. Based on type of polymers, the high temperature thermoplastic market can be bifurcated into amorphous polymers and semi-crystalline polymers. Semi-crystalline polymers are neither amorphous nor crystalline. Based on end-user, the high temperature thermoplastic market can be split into medical, industrial, locomotion, electronics, and others.
Opportunities for high temperature thermoplastic compounds are due its good retention of physical properties. It contains excellent electrical characteristics along with its dimensional stability, at increased temperatures. High temperature resins also offer better chemical resistance than most other polymers.
High cost of production vis-à-vis standard and engineered plastics is one of the restraints of high temperature thermoplastics. The thermal-oxidative degradation of a polymer starts at lower temperatures than thermal degradation. It is utilized in many industrial applications due to its ability to withstand extreme temperature. New technological innovations and developments in high temperature thermoplastics are rapidly emerging in order to produce cost effective thermoplastics.
In terms of geography, North America is a growing region of the high temperature thermoplastic market due to the rapid industrialization. The usage of high temperature thermoplastic has increased rapidly in countries such as the U.K., Germany, and France. Saudi Arabia remains an optimistic market for high temperature thermoplastics in the Middle East due to the rise in urbanization. Countries such as China, India, and Japan account for major share of the high temperature thermoplastic market in Asia Pacific due to the rapid industrialization. Countries in Africa and Latin America are likely to offer lucrative opportunities to the high temperature thermoplastic market in the next few years.
Key players operating in the high temperature thermoplastic market are Royal DSM, Toray, Evonik Industries, and Victrox.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.