New York, NY -- (SBWIRE) -- 11/15/2018 -- High-Performance Thermoplastics are highly specialized polymeric compounds with very demanding and specific application. HPTPs are highly priced in comparison to the engineering thermoplastics and have more thermal resistance and enhanced properties. Its global market is primarily driven by the increased investments in the manufacturing of both interior & exterior aerospace and automotive structures.

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High Performance Thermoplastic (HPTPs) are also used extensively in defense industry, electrical & electronics, and consumer goods. Plastic and polymer industries have witnessed tremendous development in terms of product design and material science which have made plastics as strong as metal and even lighter. Technical advancements via resin materials of HPTPs have provided its global market with the potential to replace ceramic, advanced metal, and other composite parts.

Market Growth Factors and Demand: -

- High Performance Thermoplastic Market is gaining traction on account of increased demand of high-performance plastics in aviation and automotive industry. Such end-uses make use of plastic components that deliver high efficiency in the severe conditions. High rigidity, high impact strength, high resistance to temperature, creep resistance, and better surface quality along with the less product rejection are some of the most important characteristics for its usage in such end-uses.

- Rising demand for more light-weight aircraft structures has compelled the aircraft industry to make use of component structures made from high performance thermoplastics. Initially such lightweight composites were used in military aerospace applications as it was considered too expensive. Stringent pressure due to environmental concerns and rising cost of aviation fuel forced the civilian aircraft industry to adopt lightweight and high-performance structures for the aircraft.

- Rising population worldwide along with the growth in disposable incomes has influenced demand for these products in end-use industries that include lucrative and growth parameters for the High Performance Thermoplastic Market. Increasing urbanization especially among the middle-income groups has increased the demand for advanced and modern electrical & automotive products. Product advancements and lower commodity cost for consumers has significantly contributed to the rapid growth of the high-performance thermoplastics.

Major competitiveness factor among the players is shift towards the modification of existing polymer type via extensive R&D and processing techniques. Some of the key players in High Performance Thermoplastic Market includes: -
- BASF
- DowDuPont
- SABIC
- Solvay
- Victrex
- Royal DSM
- Asahi Kasei
- DIC Corporation
- Honeywell International Inc.

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Asia Pacific is the largest regional player for the High Performance Thermoplastic Market due to large population concentration and rapidly increasing urbanization of its emerging economies such as India and China. Continuous development in industrial infrastructure has led to significant growth in the region's end-use industries such as electronics, automotive, aerospace, and consumer goods.

High Performance Thermoplastic Market Key Segments: -
1. Product Segment
- Polyamides
- Polyphenylsufone
- Sulfone Polymers
- Liquid Crystal Polymers
- Aromatic Polyketones
- Polyethersulfone

2. Application Segments
- Electrical & Electronics
- Automotive
- Aircraft
- Industrial

3. Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa

TOC of High Performance Thermoplastic Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3 High Performance Thermoplastic Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
TOC Continued…...!!!!!