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HIGH TEMPERATURE PLASTICS

Global Market Trajectory & Analytics

MCP-1446

VALIDATED EXECUTIVE ENGAGEMENTS

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6958

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1113

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VALIDATIONS

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  •  DATE

    MAY 2020

  •  TABLES

    126

  •  PAGES

    240

  •  EDITION

    19

  •  PRICE

    US$5800


COVID-19 IMPACT SURVEY MAY 2020

Amid the COVID-19 crisis and the looming economic recession, the High Temperature Plastics market worldwide will grow by a projected US$6.1 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 5%. Fluoropolymers, one of the segments analyzed and sized in this study, is forecast to grow at over 3.7% and reach a market size of US$8.5 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Fluoropolymers market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 6.1% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$298.1 Million to the region's size over the next 7 to 8 years. In addition, over US$271.5 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Fluoropolymers segment will reach a market size of US$693.8 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the High Temperature Plastics market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 5.4% over the next couple of years and add approximately US$1.1 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing High Temperature Plastics market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others, 3M Company; Arkema Group; Asahi Glass Company Ltd.; BASF SE; Chevron Phillips Chemical Company; China Lumena New Materials Corp.; Covestro AG; Daikin Industries Ltd.; Dongyue Group Ltd.; Dow Inc.; DSM Engineering Plastics B.V.; Evonik Industries AG; Kuraray Co. Ltd.; Mitsui Chemicals Inc.; Performance Plastics Ltd.; Polyplastics Co. Ltd.; SABIC Innovative Plastics; Sumitomo Chemical Co. Ltd.; Toray Industries Inc.

SEGMENTS

» Product Segment (Fluoropolymers, Polyimides, High Performance Polyamides, Polyketones, Polysulfones, Polyphenylene Sulfides, Liquid Crystal Polymers) » End-Use (Electrical/Electronics, Automobile, Chemical/Industrial, Aerospace, Medical, Other End-Uses)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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